4 ms·
The Gov't is often the earliest and most risk tolerant investor. I'm mainly thinking of DARPA (who funded Moderna to the tune of $25M if my memory serves) here,
by dataking 5y ago
The Gov't is often the earliest and most risk tolerant investor. I'm mainly thinking of DARPA (who funded Moderna to the tune of $25M if my memory serves) here, I have much less knowledge of how risk tolerant NIH is.
- mrjangles 5y agoAs the article points out, Modern was spending 500M a year on research before becoming profitable. Do you think a one time payment of 25M from DARPA was in any way relevant to their success?
- 20after4 5y agoIf it happened at the very beginning when they had exactly $0 then yes it would be highly relevant. (I am not at all familiar with how Moderna got started)