Wojcicki: 23andMe twice attempted and abandoned building an internal lab
Anne Wojcicki · 20VC: 23andMe's Anne Wojcicki on How To Approach Trust in Business and Personal Relationships, Leadership Lessons from Sheryl Sandberg and Reflections on How The Best Founders Manage Their Boards · Jan 24, 2022 · at 17:10
Anne Wojcicki, co-founder and CEO of 23andMe, shares past corporate failures and discusses lessons learned from sunsetting internal projects.
0:00 / 0:03exact quote · 3.1s
720p mp4 · rendered on demand · StarZero watermark
“We started building a lab twice and shut it down twice.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Anne Wojcicki
Wojcicki: Healthcare Margin Expansion Drives Patient Mistreatment
“This is what margin expansion looks like. Like the mistreatment of my grandmother is at the cost of your margin expansion.”
Wojcicki: 23andMe proved to FDA consumers don't need physician intermediaries
“And what I'm like really proud of with 23 me is that we proved out to the FDA that people are capable of getting their genetic information without having to have a physician or healthcare professional intermediary.”
Wojcicki: Healthcare Sector Incentivizes Managing Sickness Over Promoting Health
“The business of healthcare is not necessarily about you. It's a great area to invest in. There's all kinds of ways you can make money. You know, you can do all kinds of amazing discount cash flows on dialysis and like, think about like, oh, you know, all these…”
Wojcicki: Hiring external senior executives is culturally difficult in complex companies
“Bringing in very senior people, depending on the type of role, it can be really hard culturally because like they come and they want to make a mark for themselves and they want to guide it in a slightly different way. And 23 weeks, it's complicated company. We…”