Life Sciences Toolkit

409A valuation

First Republic provides a one-time $1,600 credit toward a 409A valuation from a preferred vendor.

To qualify for a one-time $1,600 credit toward a 409A valuation, you must complete the following activities:

• a) Have an existing or open a new Business Analyzed Checking account. $5,000 minimum opening deposit. Monthly service fee applies (currently $30). Non-interest-bearing account.
• b) Obtain a 409A valuation at one of First Republic’s preferred vendors. Contact your First Republic banker for a list of our preferred vendors.
• c) Email your paid invoice to your banker.
• d) Reach a minimum end of day account balance of $500,000 for at least one business day within 30 calendar days of submitting your invoice.

First Republic will credit your Business Analyzed Checking account for $1,600 within 5 business days following completion of the qualifying activities. If this Account is closed before the credit is posted, the credit will be forfeited. Amount credited will be reported in the year credited as miscellaneous income for tax purposes.

Offer is subject to change without notice. Clients who have previously enrolled in a 409A valuation bonus offer are not eligible to participate. First Republic employees are not eligible to participate.

Amazon Web Services

AWS has a dedicated team to support healthcare and life sciences startups. The team hails from all corners of the startup world (PhDs, MDs, former investors, founders, CXOs) and works on behalf of startups of all stages across biotech, genomics, healthcare and devices.

As a member of the First Republic community, you have access to AWS resources and expertise including AWS credits ($10,000 for two years). In addition to the credits, AWS routinely advises on data strategy, bio and cheminformatics, genomics, machine learning, imaging, compliance (HIPAA) and security, and best practices for getting started.

Google Cloud Platform

The Google for Startups Cloud Program provides startups funded by a venture capital firm, accelerator, incubator, seed or angel investor with cloud credits to cover your first year of Google Cloud and Firebase usage up to $100,000 and 20% of your 2nd year of Google Cloud and Firebase usage covered, up to an additional $100,000. You’ll also get a Startup Success Manager, training, business & tech support, co-marketing, and Google-wide discounts. To apply, please ensure your startup meets the application criteria below:

• Funded with publicly verifiable equity investment - up to and including Pre-Seed, Angel, Seed, and Series A (if Series A, raised within the last 12 months).
• Founded within 10 years of applying to the program.
• Have a publicly available company website and a unique company email domain.
• A valid Google Cloud Billing Account ID (e.g. 18-digit alphanumeric hex string like ABC123-DEF456-GHI789) linked to the domain and company email on your application.

You are not:

• Already enrolled in the Google For Startups Cloud Program or have received in excess of $4k Google Cloud credits.
• A company who has IPod or been acquired.
• An educational institution, government entity, nonprofit, personal blog, dev shop, consultancy, or agency.
• A cryptocurrency mining company, or a company distributing tokens contrary to regulatory guidance in your jurisdiction. For example, companies issuing tokens solely for speculative purposes will not be considered.

In all cases:

Acceptance into this program is at the discretion of Google Cloud. Startups ineligible for the program will still be eligible for $300 USD Google Cloud credits via the Google Cloud free trial. To get started, visit https://inthecloud.withgoogle.com/startup/dl-cd.html.

Don’t forget to check out our best practices guide as you complete your application if you would like more guidance.

TriNet HR Solutions¹

We’ve teamed up with TriNet who can help you with HR solutions, including payroll, access to benefits, and compliance — all in one place.

Offer: Explore firstrepublic.com/trinet to see current offers from First Republic.

¹ HR solutions are provided by TriNet. Banking products and services are provided by First Republic Bank. TriNet is a separate company and not affiliated with First Republic Bank. © 2022 TriNet Group, Inc. All rights reserved. These products and services are not provided by First Republic. We encourage you to independently evaluate these services and service providers to determine if they are appropriate for you.

Benchling

Benchling allows a company to centralize and standardize all the R&D data they are generating across their organization to help them make better decisions.

The Benchling for Startups program provides a lightweight data management infrastructure at a financially responsible rate that will scale with companies as they grow.

Clients of First Republic enjoy the Insights (in-app visualization) capability at no additional charge. Startups are eligible for this program if they meet the following criteria:

• Have no more than 50 full-time employees
• Have no more than $25 million in funding
• Are new to a paid Benchling plan
• Commit to at least one year of Benchling for Startups

Companies that are not eligible for this program may qualify for additional benefits and discounts relative to volume and capabilities.

BioCentury

BioCentury helps C-level biotech executives and investors make business critical decisions by providing independent deep-dive analysis, high-quality data and business intelligence on a global scale. We report on and dissect trends before others, helping you to better position your company for change and to capitalize on that change before your competition. No matter where you are in the drug development process — from idea to patient — we help you answer critical questions, decipher strategic trends, objectively evaluate product and business strategies, and assess competitive, financial and policy risks. For more information, please visit BioCentury.com.

First Republic clients who are new to BioCentury are eligible for:

• 30 days of BioCentury Publications at no charge
• Complimentary demo of BCIQ
• 40% discount on the first year as a BioCentury subscriber for First Republic clients who are not existing subscribers of BioCentury. After the first year, rates would return to regular prevailing rates.

How to redeem this offer: Visit BioCentury to access the application form. Mention that you are First Republic client.

Life Science Nation’s RESI Series

Life Science Nation (LSN) is a global matching platform for early-stage buyers and sellers across the domains of drugs, devices, diagnostics, and digital health. Through sourcing and ranking services, branding and messaging services, database subscriptions, and the Redefining Early-Stage Investments (RESI) conference series, LSN has grown into an early-stage funding superstructure in life science and healthcare, partnering with both buyers and sellers to connect products, services, and capital. To learn more about LSN, please visit their website at https://www.lifesciencenation.com/.

The RESI conference series connects start-ups, early-stage investors, and strategic channel partners. RESI maximizes fundraising companies’ efforts to find partners who are a fit for their technology and stage of development. RESI is uniquely cross-border and cross-domain, connecting start-ups with 10 categories of global investors across the silos of drugs, devices, diagnostics, and digital health (4 Ds). RESI caters to both the earliest stage start-ups, those seeking grants, seed and angel capital, and the early-stage firms who seek series A and B funding. RESI is a unique and powerful tool for sourcing assets and advancing innovation across early-stage life science and healthcare. Learn more about the RESI conference series at https://resiconference.com/.

First Republic clients can save 20% and match with investors who are a fit for their product and stage of development at the Digital RESI conference.

Salesforce Essentials

Receive a 14-day free trial and 50% off an annual subscription to Salesforce Essentials — a combined sales and support CRM for small businesses. Salesforce Essentials enables you to build strong customer relationships that are easy to set up, use and maintain for up to 10 users (up to $1,500 value). Gain visibility into your sales performance to prioritize your most important selling activities and provide personalized support to your customers.

NewYorkBio Fellow Program

NewYorkBIO supports the development and growth of New York State’s life science industry, and serves its members and the life science community by providing a network for public policy, industry advocacy and community development.

The Fellows Program offers First Republic Bank clients the opportunity to access NewYorkBIO’s extensive services, benefits and network to help them grow. The program offers a two-year scholarship providing early-stage life science companies of seven or fewer employees with full access to the complete NewYorkBIO portfolio of benefits, including the NewYorkBIO purchasing consortium and discounted access to seminars, conferences and networking events.

Eligibility

Early-stage life science companies of seven or fewer employees that have received less than $5 million in funding.

How to Apply

Life science entrepreneurs who are interested in becoming Fellows must complete the application online: www.newyorkbio.org/fellows-program

Fellows will be notified upon acceptance and will immediately gain access to the full array of NewYorkBIO member benefits and programs. Upon acceptance, Fellows will receive a one-year free membership, renewable for a second year. At that time, Fellows may apply for regular NewYorkBIO membership.

Brex Life Sciences Corporate Card

Brex is the first corporate card built for life science and biotech firms. Brex Cards offer competitive credit limits and rewards without personal guarantees or miscellaneous fees. Life science companies that use Brex can earn 7% cash back on conferences, 4% on Brex travel, 3% on Apple products, 2% on lab supplies and 1% on everything else. In addition to all of these benefits, your firm will receive complimentary premium support and 25,000 bonus points for being a valued First Republic Bank client.

Captable.io by LTSE

Captable.io is cap table management software used by over 32,000 companies and 900 YC startups to keep accurate records, plan financing rounds, and save time and money. It replaces spreadsheets and email for cap table setup, security issuance and sharing with stakeholders. Captable.io’s financing round modeling features are especially useful for understanding dilution during your raise.

The offer:

20% off cap table management plans

How to redeem:

• Sign up at Captable.io.
• Create a new account.
• Use the partner code CTIOFRB20PCT83927.

TravelBank Expenses and Travel

TravelBank is an all-in-one expense and travel management software that includes card management, 24/7 live travel support and built-in reporting. TravelBank’s intuitive platform is easy to use and only takes minutes to set up, at half the cost of similar solutions. Bookings made with TravelBank and paid with a Brex card exclusively earn up to 5x back in Brex points on all eligible travel spend.

Exclusive to the Innovators’ Toolkit, get 15% off the first year of your TravelBank subscription. Applies to Expense, Travel and Premium All-In-One packages for any new client who signs an annual contract.

Submit the form at https://info.travelbank.com/FRBtoolkit and the TravelBank team will be in touch.

Scismic

Scismic’s talent-matching platform is built by scientists to help companies find qualified scientists and grow diverse scientific teams. Their specialized technology accurately targets relevant candidates and is 2x more effective in bringing in underrepresented scientists.

First Republic clients can receive up to $2,000 in credit on our hiring programs.

To get started, visit Scismic and request a demo.

Bookkeeping

• Receive two months of complimentary bookkeeping.
• Bookkeeping services are provided by one of First Republic Bank’s preferred partners.

Zoom

Zoom is offering a 20% discount off list prices as published at zoom.us/pricing for all services that Zoom provides that are at least one year in duration (excluding API/SDKs, hardware-as-a-service, paid support, education pricing and premium audio), and 10% off Zoom Phone list prices.

For all existing Zoom customers, the discount will be provided to only net new Licenses added to the account. A “net new License” means those new and additional licenses currently not provisioned within an existing Zoom subscription account. New Zoom users are eligible for the discounts on all new licenses.

Customers must receive a special quote with an appropriate discount. If a customer purchases online without receiving a quote from Zoom, the discount will not apply.

To redeem the offer, email Zoom at investor-alliances@zoom.us.

To help with connecting you to the right Account Executive please include:

• Headquarters address
• Total number of employees
• If known, general idea of services of interest