Molecular Mining Corp.

Molecular Mining Corp. bills itself as an expert in KDD or "knowledge discovery and data mining." The company's first offering will likely address gene expressoin data. Scientists believe that proper statistical analysis of the data should reveal genes that are co-regulated, and possibly even entire regulatory pathways.

The two most important assets for a biotechnology start-up are new innovative technology and a road-tested business model. In software, unfortunately, both are often lacking. A software product is usually made up of variations on generic methods in computer programming—-relatively easy to replicate and worse, usually unpatentable. That's a problem, but the lack of successful, high-value business models to build upon is a worse one.

Nonetheless, companies such as the newly founded Molecular Mining Corp. are created—and get VC funding—-because a clear opportunity exists....

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