None of this bodes well for many of the new VC entrants who have suddenly become enamored by the capital return potential of science. We have a view that real advances in science are relatively rare, that they are hard to produce, and they tend to be signaled by clear research evidence years if not decades in advance. Venture capital is not a fit f... See more

"What do VCs get wrong about risk management? What does risk management even mean? I thought the whole point was to be risk-on and swing for the fences?" - @johncoogan Here's what most VCs miss about risk management: Risk is the product of venture capital, and investors are able to take m... See more