Genentech

“We had partnered with Genentech to do another first, which is create the first biotechnology product on planet earth, which was human insulin made in a bacterial cell.”

“The first drug that they genetically engineered And that started this whole revolution was insulin.”

“Genentech had actually approached them about being a partner in Europe. Novo had turned them down because they didn't think the science was ready yet, and they were wrong.”

“They go public and it is, I believe the largest venture backed IPO ever at that time. Until it's eclipsed two months later when Apple goes public.”

“And the first three months I was there, we took Genentech Public. We took Apple Public. I carried Steve Jobs bags on the Apple IPO Roadshow, and I was just exposed to the two of the most amazing entrepreneurs ever, and I fell in love.”

“You think about, like, Genentech in the early days of biologics. In the early days there, people may have said, you know, a protein can't be a drug. But now that's something that's well recognized. I think some people might say, software can't be a drug. But s…”

“The CFO who took the company public had not taken a company public before, right? And a lot of his background was in you know, production development at Genentech before.”