“Every time you think you’re right and somebody puts you in your place and you learn from it, eventually you’re like, that guy gave me the greatest gift… You learn to love it.” In this episode of The Biotech Startups Podcast, Ivan Liachko, CEO and co-founder of Phase Genomics, delivers an unfiltered look at the realities of building a biotech company, revealing how the mental toll of leadership, managing egos, and embracing frugality shaped his journey from academia to entrepreneurship. Through candid stories of scrappy problem-solving and bootstrapping Phase Genomics, Ivan and host Jon Chee highlight the surprising overlap between science and business, the importance of knowing which game you’re playing, and why resilience, adaptability, and learning from failure are crucial for startup success.