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Opinion and Comment

Nature Biotechnology 27, 886–888 (1 October 2009) | doi:10.1038/nbt1009-886

Is it virtuous to be virtual? The VC viewpoint

Justin Chakma , Jeff L Calcagno , Ali Behbahani & Shawn Mojtahedian

To the Editor: A Commentary in the August issue by Bruce Booth highlights the importance of the virtual business model as an increasingly important facet of strategies for making biotech companies more capital efficient. In a previous study examining the portfolio companies of his venture capital (VC) firm, Booth also provided evidence that companies with fewer full-time employees are markedly more productive than peer companies with more employees.