SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Open to Public
Inspection
Name of the organization
LAUNCHBIO INC
 
Employer identification number

47-4851964
Return Reference Explanation
FORM 990, PART 1, LINE 1 - SIGNIFICANT ACTIVITIES IN 2023 LAUNCHBIO PRODUCED LARGER THAN LIFE SCIENCE EVENTS IN BOSTON, DURHAM, NEW HAVEN AND SAN DIEGO ATTRACTING 497 ATTENDEES. LARGER THAN LIFE SCIENCE IS AN IN-PERSON SERIES THAT ARMS ENTREPRENEURS WITH THE KNOWLEDGE, CAPITAL AND CONNECTIONS IT TAKES TO START AND GROW A LIFE SCIENCE STARTUP. THESE EVENTS HIGHLIGHT THE BEST MINDS IN THE LIFE SCIENCES TODAY. LAUNCHBIO INVITES ALL INDUSTRY LEADERS AND SEASONED ENTREPRENEURS TO SHARE THEIR EXPERIENCE AND EXPERTISE IN DRUG DISCOVERY, REGULATORY STRATEGY, FUNDRAISING, TEAM BUILDING, AND COMMUNICATIONS ACROSS THE NATION'S LEADING LIFE SCIENCE HUBS. IN 2023 LAUNCHBIO CONDUCTED FOUNDERS CIRCLES IN PHILADELPHIA AND SAN DIEGO WITH A TOTAL OF 32 PARTICIPANTS. FOUNDERS CIRCLE IS A PEER ADVISORY FORUM FOR LIFE SCIENCE STARTUP FOUNDERS AND C-LEVEL EXECUTIVES. THESE DISCUSSIONS ARE FACILITATED BY INDUSTRY EXPERTS AND INVESTMENT PROFESSIONALS AND CENTER ON BUSINESS CHALLENGES THAT ALL EARLY-STAGE LIFE SCIENCE COMPANIES FACE. OUR PEER LEARNING ENVIRONMENT ENCOURAGES EXPERIENCE SHARING AND DISCUSSION OF INNOVATIVE STRATEGIES FOR GROWING, SCALING AND FUNDING LIFE SCIENCE STARTUPS. LAUNCHBIO CONTINUED TO OFFER WEBINARS ATTRACTING 238 ATTENDEES. TOPICS INCLUDED, "THE SOUL OF SCIENCE", A BIOETHICS DISCUSSION AROUND GENE EDITING AND CRISPR TECHNOLOGY, "COMPENSATION CONFIDENTIAL", WHERE WE SHARED REAL-TIME DATA ON BASE SALARIES, ACTUAL AND TARGET BONUSES, FOUNDER AND NON-FOUNDER EQUITY FOR C-SUITE TO STAFF LEVEL EMPLOYEES, "CAPITAL GAINS", A FOUR-PART SERIES WHERE LIFE SCIENCE STARTUP FOUNDERS GAINED THE KNOWLEDGE AND SKILLS NECESSARY TO ATTRACT VENTURE CAPITAL FUNDING, AND " EQUITY 101", UNDERSTANDING THE INTRICACIES OF FINANCIAL MARKETS, VALUATION METHODOLOGIES AND CAP TABLE MANAGEMENT. LAUNCHBIO HOSTED INVEST IN CURES IN SAN DIEGO ON AUGUST 24TH WITH 162 ATTENDEES. INVEST IN CURES EXPLORES THE RISING TREND OF IMPACT INVESTING THROUGH DISEASE FOUNDATIONS AND INNOVATIVE APPROACHES TO ADDRESSING RARE DISEASE CHALLENGES. FOUNDATION LEADERS, ADVOCATES AND ENTREPRENEURS SHARED HOW A TARGETED VENTURE PHILANTHROPY APPROACH IS ACCELERATING THE COMMERCIALIZATION OF LIFE SAVING THERAPIES. THIS FORUM EXAMINED THE FOUNDATION VENTURE FUNDS AND THEIR INVESTMENT PHILOSOPHIES, HIGHLIGHTED SUCCESSFUL COLLABORATIONS WITH START-UPS AS WELL AS DISEASE ADVOCACY GROUPS AND OFFERED MATCHMAKING OPPORTUNITIES FOR VENTURE FUNDS AND START-UPS THAT ALIGN WITH THEIR INVESTMENT PROFILE. IN 2023 LAUNCHBIO CREATED "INVESTOR CONNECT" A NEW VIRTUAL MEETING PLATFORM FOR ENTREPRENEURS TO MEET INVESTORS. IN THIS MONTHLY, INVITATION-ONLY SERIES, TOP LEVEL INVESTORS ARE CONNECTED WITH PROMISING, EARLY STAGE, LIFE SCIENCE ENTREPRENEURS THROUGH A CURATED PROCESS AND MEET IN A FACILITATED, ONLINE CONVERSATION. 51% OF INVESTOR CONNECT COMPANIES HAVE FURTHER INTEREST FROM INVESTORS. THIS SERIES IS FOR LIFE SCIENCE FOUNDERS AND C-LEVEL EXECUTIVES WHO ARE BASED IN THE US, RAISING FUNDING (PRE-SEED, SEED, SERIES A, SERIES B) AND INTERESTED IN EXPANDING THEIR INVESTOR NETWORK. ENTREPRENEUR APPLICATIONS ARE ACCEPTED ON A ROLLING BASIS AND ARE CONSIDERED EACH MONTH BASED ON THE INVESTOR'S PORTFOLIO INTERESTS. A TOTAL OF 162 ENTREPRENEURS WERE MATCHED WITH INVESTORS IN 2023. IN 2023 LAUNCHBIO LAUNCHED THE "NEXTGEN VC FORUM". LAUNCHBIO'S NEXTGEN VC FORUM IS THE PREMIERE EVENT FOR VENTURE CAPITAL ASSOCIATES TO EXPAND THEIR SKILLS AND EXPERTISE WHILE GROWING THEIR NETWORK. TOPICS INCLUDE: NEGOTIATING TERM SHEETS, LEVERAGING IP DILIGENCE, AND UNDERSTANDING BOARD GOVERNANCE.THE HALF-DAY FORUM INCLUDES A NETWORKING BREAKFAST, THREE ONE-HOUR SESSIONS AND LUNCH. ATTENDANCE AT NEXTGEN VC FORUM IS BY INVITATION ONLY. A TOTAL OF 123 ATTENDEES PARTICIPATED AT EVENTS IN SAN FRANCISCO, BOSTON AND NEW YORK CITY. IN 2023 LAUNCHBIO LAUNCHED THE "NEXTGEN VC PODCAST" A PODCAST THAT UNPACKS THE OPPORTUNITIES, CHALLENGES AND BREAKTHROUGHS SHAPING LIFE SCIENCES INVESTING AND IS CURATED BY WILSON SONSINI AND LAUNCHBIO WITH HOSTS MICHAEL HOSTETLER AND JENNIFER FANG. EACH EPISODE FEATURES INTERVIEWS WITH SUCCESSFUL VENTURE CAPITALISTS. LISTENERS GAIN WISDOM FROM THESE EXPERIENCES AND LEARN HOW THE PROS HAVE NAVIGATED CHALLENGES, MADE STRATEGIC DECISIONS AND ACHIEVED REMARKABLE SUCCESS. WITHIN THE FIRST TWO WEEKS THE PODCAST HAD 729 SPOTIFY IMPRESSIONS AND 126 INDIVIDUAL PLAYS IN TOTAL LAUNCHBIO'S NETWORK GREW TO 17,013 MEMBERS, 35% OF THOSE ARE LIFE SCIENCE ENTREPRENEURS, A 6% INCREASE FROM 2022. LAUNCHBIO HAS 2,751 LINKEDIN FOLLOWERS WITH 49,981 IMPRESSIONS; 23.3% OPEN RATE FOR NEWSLETTERS WITH 8.5% CLICKTHROUGH RATE; AND 572 VIMEO VIEWS, 11,623 MINUTES WATCHED AND 47 STATES REPRESENTED.
FORM 990, PART VI, SECTION B, LINE 11B DRAFT OF FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12C LAUNCHBIO'S CONFLICT OF INTEREST POLICY IS LOCATED IN THE ORGANIZATION'S BYLAWS. THE BYLAWS REQUIRE REGULAR AND CONSISTENT DISCLOSURE OF ALL POTENTIAL CONFLICTS IN ADDITION TO COMPLIANCE AND ENFORCEMENT OF THE POLICY.
FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE CEO IS DETERMINED BY THE BOARD OF DIRECTORS AFTER REVIEW OF COMPENSATION STUDIES.
FORM 990, PART VI, SECTION C, LINE 18 FORM 990 RETURNS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART VI, SECTION C, LINE 19 CORPORATE DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART IX, LINE 11G PAYROLL PROCESSING FEES: PROGRAM SERVICE EXPENSES 906. MANAGEMENT AND GENERAL EXPENSES 907. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,813. CONTRACTED STAFF: PROGRAM SERVICE EXPENSES 47,901. MANAGEMENT AND GENERAL EXPENSES 47,901. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 95,802. CONTRACTED MARKETING & PUBLIC RELATIONS: PROGRAM SERVICE EXPENSES 33,064. MANAGEMENT AND GENERAL EXPENSES 33,064. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 66,128.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990) 2023


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