I did make the SV (especially YC) VC funding distinction. Biotech has long been funded by VC money and while not perfect it worked better than what is happening

I did make the SV (especially YC) VC funding distinction. Biotech has long been funded by VC money and while not perfect it worked better than what is happening now. I was particularly a fan of 3rd Rock ventures, their investments all followed (in my opinion) the most scientifically sound ideas.