It is worse for the non-software startups like biotech. With a software startup it normally does not take long for the investors to get an idea if the tech is r

It is worse for the non-software startups like biotech. With a software startup it normally does not take long for the investors to get an idea if the tech is real or not, but with biotech this can take many years. Biotech investment is based on trust that the scientists are telling the truth. A bad actor in this area can really poison the environment for all other biotech startups - if you can’t trust the scientists then you have nothing.