4 ms·
i wonder if there will be an overall impact on VCs branching into non-software areas. the software-is-eating-the-world kool aid might have gotten to some heads.
by pinaceae 11y ago
i wonder if there will be an overall impact on VCs branching into non-software areas. the software-is-eating-the-world kool aid might have gotten to some heads. "disrupting" social media or ads is one thing - health, energy, etc is a whole other ballgame. being of some sort of libertarian anti-gov mindset might also create a blindspot for gov regulation and agencies. uber can skirt the rules, but you don't fuck around with the FDA.
- seehafer 11y ago>but you don't fuck around with the FDA As 23andMe found out the hard way.
- URSpider94 11y agoVC's fund pharma and medical device companies all the time. However, from what I understand from friends in the business, there is usually a very standard playbook that hinges around the FDA approval process -- your valuation is your lifetime patent value for the drug or device, de-rated by the success rate of other ventures at your stage in the process. Theranos seems to have broken that mold.
- pinaceae 11y agodifferent VCs in biotech, not the same as the software ones we discuss here usually. isn't YC also dabbling in outlandish areas?