Bannon: Synthetic biology seed costs now match standard SaaS seed budgets
Seth Bannon · 20VC: Why We Will Continue To See An Explosion In Deep Tech Financing, Why Much of Silicon Valley's Talent Is Going To Waste & How Fund Cycles Need To Be Adjusted To Work With Deep Tech with Seth Bannon, Founding Partner @ Fifty Years · Aug 7, 2017 · at 16:12
Seth Bannon, founding partner at Fifty Years, discusses how falling lab and tool costs have reduced the capital requirements for early-stage synthetic biology startups.
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“There have been a number of changes over the last five years that actually allow you to get from idea to prototype product on the same amount of money you would need to raise for a seed round if you're raising for a SaaS company, right?”
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