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The Consolidation Of Talent, Capital and Returns in Biotech
- Jonanin 9y agoA biotech management recruiter commented: MA will pull away with the lead soon from Bay Area based on cost of living. I have senior management members tell me daily that they'll move anywhere BUT Bay Area. You'll pay $3.2m for 3/4 BR in Palo Alto. South Bay and North Bay aren't too much better.
- tormeh 9y agoYeah, but SF has the money, so they'll just have to put up with it. I mean, is there any other reason to be in SF for a biotech startup?
- Jonanin 9y agoUCSF.
- kgwgk 9y agoBoston has no money?
- tormeh 9y agoDoes anywhere in the world have venture capital the way SF/SV has? No, and suggesting otherwise is absurd. Boston has the best research institutions, but cash is king.
- kgwgk 9y ago> Does anywhere in the world have venture capital the way SF/SV has? For biotech deals, Boston does. http://www.fiercebiotech.com/venture-capital/top-15-cities-for-biotech-venture-funding http://www.fiercebiotech.com/venture-capital/top-15-cities-f...
- refurb 9y agoBoston and SF tend to be neck and neck in terms of biotech VC dollars, with Boston getting more money once and a while. It's been an interesting change. 10 years ago, SF was the clear leader, but Boston has really moved up.
- thesmallestcat 9y ago* A recruiter from and based out of Boston who's totally unbiased
- hyperion2010 9y agoUh, San Diego conspicuously not on the list here?
- throwingerman 9y agoWow this article is pretty condescending towards the biotech scene in Europe... I'm going to go out on a limb here and say, maybe there are fewer biotech startups in Europe because profiting off of people's illnesses is generally frowned upon? My guess is progress in that area falls more into the realm of government grants, with maybe the exception of classical pharmaceuticals (there are plenty of old companies like Bayer). Biotech is not my field so I'd be interested in hearing other people's opinions.
- jonwachob91 9y agoYou should go back and reread the entire article. This isn’t a US is better than the rest of the world post, it’s a Boston/SF are getting really good at the whole life science startup thing.
- throwingerman 9y agoSure, I'd see no problem highlighting how far they've come. Sharing success stories is important. Which is why I found it odd that they were making multiple condescending references to Europe such as (paraphrasing) "if you're not in Boston or SF you might as well be in Europe" where it's making it sound like Siberia...
- ISL 9y ago> These data are striking. The use of 'data' to mean 'plural of datum' continues to fall out of favor in modern usage. Encountering it in a Saturday-morning browse was a note of angelic harmony to start the day.
- abysmalfitzg 9y agoWould you not agree that it might be a bit of a British thing (the author is Oxford educated)? A reflexive urge to pluralize bands, companies and other startup-proximate collective nouns. '"Data are" doesn't roll of their tongues smoothly. But for British readers the plural is more natural.' [0] [0] https://www.economist.com/blogs/graphicdetail/2012/07/point-information https://www.economist.com/blogs/graphicdetail/2012/07/point-... BTW I looked you up. Do you know anything about Richard Muller's ideas for realising table-top detectors of gravitational waves?
- ISL 9y agoWhether it's a British thing or not is beyond my knowledge. I just wanted to celebrate something that made me happy :). Regarding Richard Muller's proposals: I don't -- confusingly, I am familiar with Holger Müller's proposals, and it would appear that they are both at Berkeley. Experiment is the arbiter of truth; whenever any new instrumentation can demonstrably reach the relevant sensitivity and systematic-effect rejection necessary to do a job better than it has been done before, we'll all switch to it.
- bhewes 9y agoOklahoma City has a small but strong Biotech and medical device scene ($6.7B Revenue, $2.2B salaries for a workforce of 51,000). Even then most companies in OKC raise money in SF & Boston and either have an office there or move back and forth. Which is pointed out in the section on satellite offices. The satellite office trend I don't see stopping given how cheap flights are and how fast communications have become between coasts.