4 ms·
I think that's a bit cynical of the current round of bio-based funding. It's not wrong, but it's also not the whole picture. It's only just started, but there
by toufka 8y ago
I think that's a bit cynical of the current round of bio-based funding. It's not wrong, but it's also not the whole picture.
It's only just started, but there is now a light at the end of the genetic/gene-therapy tunnel. With the approval of the first CAR last year (and it's success at curing children of leukemia), there's now a very real environment to produce valuable inventive biological products that are not just chemicals or antibodies.
Kite and Juno sales for ~$10B each earlier this year has done quite a bit for the field. Vapor always follows the good money, but it's not just that the money is cheap.
- timr 8y agoMaybe you're right that investors are going a little crazy because there's a whiff of success in the air. But even so, throwing money at a company like uBiome based on the stuff you're talking about is just the usual VC herd-following behavior.