FROM LAB TO PATIENT, GARAGE TO MARKET FinTech Faces the Future
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In addition to celebrating Brightflag’s major marketplace win and other client victories, Crowley Law LLC expanded our industry outreach in 2025 like never before. Last spring, we launched this monthly newsletter to keep our clients and industry peers updated on our activities and spotlight startups and other entities excelling in the life sciences and technology fields. This year saw the publication of my first book, “AVOID STARTUP FAILURE!: Learn the Top Ten Causes of Failure for Technology Startups and How to Turn Them to Your Advantage.” I’m passionate about helping life sciences and other technology entrepreneurs avoid being taken advantage of as they pursue their dreams, so creating a clear, easy-to-follow primer for them was my ultimate goal in writing the book. I’m thrilled to have received such positive feedback from those who have found it valuable and inspiring. Please visit bit.ly/4396BxS to learn more about the book and order a copy! Our achievements this year have set the stage for an even greater 2026. Of course, we will continue to fulfill the underlying why of Crowley Law LLC: to serve the people who take great ideas from the lab bench to the patient’s bedside or from the garage to the marketplace to enrich the lives of thousands or millions of people. We have the great privilege of working with innovators who have the potential to improve our society, and we will never forget that. Our mission will always energize and inspire me, my lawyers and my staff to provide excellent legal service. Scientific and psychological research shows that people who have definite goals and write them down are more consistently successful in reaching those goals than those who don’t have any or don’t bother to document them. That said, I encourage you to think through what you accomplished this year and make and write down clear objectives to achieve in 2026. And if your forthcoming pursuits include advancements in entrepreneurship, we would be honored to help you. THANK YOU to everyone who has called on Crowley Law LLC for support and contributed to our ongoing growth. I wish you the best in the final days of 2025 and further steps on your journey in business and life in the months ahead.
Financial technology (“FinTech”) is evolving rapidly and fascinatingly, but could the rise of artificial intelligence (“AI”) in this space soon spell the end of the human touch?
In Episode 25 of the “From Lab to Patient, Garage to Market” podcast, host Philip Crowley explores this question and much more with FinTech industry experts Dr. George Calhoun, director of the Hanlon Financial Systems Center at Stevens Institute of Technology, and Sean Hanlon, founder and chief investment officer of VestGen Investment Management. Calhoun defines FinTech as “digital finance” and describes it as the application of advanced technologies to insurance, asset management, trading, wealth management and other traditional finance functions. During the discussion, he also identifies two primary tasks for these developing technologies: 1) the automation of trading, payments, insurance underwriting and compliance, and 2) tokenization , the largely blockchain-driven process of creating digital assets or converting traditional assets into digital form. To demonstrate the effectiveness of FinTech in helping his firm better serve investors, Hanlon recalled a time in the early 2000s when he had to use “generic algorithms,” or scenario analysis, to identify optimal portfolio management techniques. “Back then, computers were so slow that we’d launch the generic algorithms, let them run overnight, come back in the morning and see what the results were. Compute power has improved so tremendously for that raw, brute force capability that we rely on computers and software to take care of, using massive amounts of data.” Naturally, the rise of AI has changed the game considerably in its ability to analyze vast amounts of data across individual client holdings and even entire wealth management companies. Although Hanlon acknowledges that several substantial hedge fund companies are investing heavily in AI-driven money/asset management strategies, it’s far too early to accurately determine how far these platforms will progress.
Happy Holidays!
“So far, they’re not demonstrating any particular value beyond the traditional approaches that asset managers have used.”
–Philip Crowley
Hosted by Crowley Law LLC Founder and Managing Partner Philip Crowley, the “From Lab to Patient, Garage to Market” podcast explores the critical issues and concerns impacting the biotech, life sciences and startup markets by offering fresh perspectives from industry leaders and experts. It is available on YouTube, LinkedIn, Facebook, Apple Podcasts, Spotify, all the major podcast channels and at CrowleyLawLLC.com .
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