Life Sciences in St. Louis: Q/A with Rick Ryan, General Partner of Cultivation Capital

What’s happening in the Life Sciences sector and where is it headed next? We sat down with Rick Ryan to find out.
Rick Ryan is a general partner in the Cultivation Capital Life Science Fund, bringing 30 years of experience through executive leadership positions at multinational corporations like Millipore and Monsanto as well as at several early-stage ventures.
He has a PhD in biochemistry from the University of Illinois and an executive MBA from Washington University. Heβs also currently CEO of Apertus Pharmaceuticals, a graduate of BioGenerator.
We spoke to him on the current life science climate in St. Louis and the future of Cultivation Capitalβs investments in the life science sectors.
How do you view the life sciences sector?
Life sciences is an umbrella term that covers health care therapeutics and healthcare IT, medical devices, diagnostics and all of these tools and reagents. So if you think of all the discoveries being made in basic science creating all these opportunities for innovative products and services, the money is chasing all those things that are there.
If Iβm starting a life sciences company, why should I choose St. Louis? Whatβs unique about the cityβs ecosystem?
Cost of operation is huge to begin with, so thatβs not to be taken lightly.
Thereβs a sharing of intellectual knowledge and networking of support in St. Louis thatβs extraordinary. You can call somebody, and itβs two degrees of separation to find them.
People will take lunches with you and spend time with you through both informal mentoring and formal networking to help find the right people to talk with to expedite something and get it going. And that is perhaps an underappreciated value in really getting things done faster.
What are your thoughts onΒ the Cultivation Capital Life Sciences Fund I as It wraps up?
As you look at the companies weβve had and our ability to raise money to support them and to gain syndication from some of the other venture groups weβve started to work with and are nationally known, we feel itβs been a tremendous success.
Weβve supported companies that needed support, and weβve now built networks that allow us to get syndication opportunities for investments by other venture capital funds not in St. Louis. Itβs a self-fulfilling, organic growth that builds upon itself.
We believe our next fund should be about a 50 million dollar fund. Weβd like to see that happen. Itβs going to take some support in ways that we didnβt have perhaps in Fund 1 collectively asΒ a region and probably outside the region.
To build and sustain this has to be exhausting. How do you keep the energy up?
Underneath it all, itβs like any other job: Itβs work. But Iβve always saidΒ if you really, really enjoy your job, itβs not workβitβs a meaningful life experience.
Thereβs a lot of us that have been in St. Louis a long timeβfor myself, itβs more than 30 years, though Iβm not a native. Weβre very much proponents of St. Louis and what it can do.




