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It amuses me to imagine, how grandparent imagines investors cash out of biotech: buying a large pool of gold and swimming in it? If you make a billion dollars
by bpodgursky 5y ago
It amuses me to imagine, how grandparent imagines investors cash out of biotech: buying a large pool of gold and swimming in it?
If you make a billion dollars on biotech... it has to go somewhere (banks are for chumps!), so it's going back into either the public market, or venture capital. And if you made a billion on biotech once....
- refurb 5y agoSimilar to tech, the founders who walk away with billions start their own funds as well.