Getting real about competition

Competition is nice, but overly fragmented technology and too many companies competing for a limited pool of funds in a single area can make it hard to get anything done. A couple of years ago, it might have seemed feasible to have five or 10 startups concentrated in signal transduction, for example, but today that's not the case.

These days, there's a premium on pooling resources and avoiding redundancy to give a company the best chance of success. ...