investor

“The problem is there's this momentum thing that happens among investors, as Friedberg said, where the FOMO kicks in, and some of the smartest people become some of the dumbest fucking people.”

“First of all, I don't think you rely on investors ever. No, I don't mean that offensively. I think that some investors are great, but no one's building this company with you. I am building this company. With my employees, but ain't nobody else there with me.”

“Investors tend to fall for this, not because investors are dumb, But because investors are so clear about what they're looking for and what they want. They're predictable. Yeah. Like we're, you know, VCs, especially we're looking for the hundred X outcome or w…”

“You can make money as an investor over the next 10 years in finding the right teams that are going to have the highest likelihood of progressing clinical trials in this space.”

“The distributions from VCs back to their investors are essentially at all time lows. Almost back to financial kind of crisis levels.”

“And I'll tell you what they'll do. They'll demand an enormous discount. And the reason they'll ask for an enormous discount is the other part of what Sachs and Freebrook said, which is it creates massive long tail product liability risk because you're effectiv…”