3 ms·
I'm not surprised at all. First, the failure rate of new bio ideas is extremely high. Second, even when they work the development time is extremely long. As met
by epistasis 3y ago
I'm not surprised at all. First, the failure rate of new bio ideas is extremely high. Second, even when they work the development time is extremely long. As methods advance, there are chances to make time-to-derisk shorter and cheaper, but right now you need extremely patient capital with very long risk timelines. And the high failure rate means you need to place a massive number of bets, and each of those failed bets doesn't have the capital recovery mode of being an aquihire.
The norm throughout history is for brilliant thinkers to be left behind and ignored and for their ideas to go nowhere. I would say we are living in a time when a greater number of great thinkers have a chance of impacting the world than ever before. Though I wouldn't know how to asses the fraction of great thinkers that get a chance to execute.