> There is a reason why you dont give millions of dollars to a postdoc that submit their first grant proposal, why we do that to postdocs that are founding biot

> There is a reason why you dont give millions of dollars to a postdoc that submit their first grant proposal, why we do that to postdocs that are founding biotechs is beyond my understanding TINA. If you're a fund that needs to put an ass in a seat to say "we have a biotech investment", you go to whatever you can find. You have no way of doing due diligence in your portfolio and even if you hired someone like me to ultrafilter your proposals you'd probably come up empty, because the only postdocs that play this game are those that know they are good at parlaying their social capital, obtaining favorable reviews from their PIs (social validation), and have less scruples. The heads down brilliant and honest scientist postdocs have already burnt out, and often aren't socially savvy enough to play the VC game, if they were, they'd be gunning for faculty positions instead. If VC wants a better return they need to have a different heuristic. I'd pick postdocs that did years of grueling work with no results and ask them what they'd really prefer working on instead of their PI's hairbraned idea.