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Biotech Quote of the day
The 1st Congressional District contains almost half of the biotech and biomedical companies in Washington, and my job often allows me to meet the people responsible for this exciting research.
I don't think that a mutual fund that invests exclusively in biotech start-ups or invests exclusively in companies in Thailand offers any great safety or diversification.
My high-tech aversion caused me to make fun of the typical biotech enterprise: $100 million in cash from selling shares, one hundred Ph.D.'s, 99 microscopes, and zero revenues.
It was a chance encounter with a biotech entrepreneur from Ireland that got me started as an entrepreneur in India, because I partnered this Irish company in setting up India's first biotech company.
I recalled thinking...His freakishly tidy side could be a problem. To say that neatness was not my strong suit would be a crime against, well, the truth.