undefined | Better HN

0 pointss1artibartfast3y ago0 comments

You say that but biological medicine and Technology continues to improve. The trajectory is positive.

Will every startup be successful? Of course not! But as a whole, technology continues to March forward and improve.

0 comments

3 comments · 1 top-level

ramraj073y ago· 2 in thread

It doesn’t seem to be improving through Silicon Valley VC money though. Name one SV funded biotech startup. Ginkgo is cool though.

s1artibartfastOP3y ago

BioNTech's mRNA vaccine technology is a pretty great example of a VC funded startup success story that had huge impact and profit.

If you want to constrain your question to Silicon Valley specifically, which isnt the center of biotech VC, there are still lots to look at[1].

You can also just hook at the helthcare portfolios of the SV VCs themselves and find several sucessful exits.

Venrock [2], e.g Anacor, regenxbio

https://techcrunch.com/2018/07/28/home-run-exits-happen-stea...

https://www.venrock.com/companies

ramraj073y ago

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.

j / k navigate · click thread line to collapse