Eli Casdin, founder of Casdin Capital, details the scale of his life sciences investment firm.
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“Today we manage three and a half billion or so in capital across public and privates. We've invested in over a hundred private companies.”
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More from Eli Casdin
Opinion
Casdin: Biotechs no longer need big pharma to commercialize drugs
“Investors like me are saying, don't sell yourself. Don't partner. You don't need them. I'll give you the money. Go at it alone. Build out commercial. Become your own standalone company, and many, many more are going that path, and I think that they don't need …”
Eli CasdinJul 15, 2021▶ 26:40Eli Casdin – Casdin Capital (Manager Meetings, EP.02)
Insight
Casdin: Scaling check sizes over time de-risks capital-intensive life sciences investing
“What typical venture investors try to get as much money in, in their first slug, and then they fight dilution on the way down. What we're doing is scaling up over time because these companies are burning a hundred to a hundred and fifty million dollars every 1…”
Eli CasdinJul 15, 2021▶ 40:19Eli Casdin – Casdin Capital (Manager Meetings, EP.02)
AssertionNot checkable as stated
Casdin: High event catalysts are negatively correlated with investment returns
“What we learned was that high catalysts were negatively correlated with return. And low catalyst actually was positive quarterly.”
Eli CasdinJul 15, 2021▶ 57:28Eli Casdin – Casdin Capital (Manager Meetings, EP.02)
PredictionOpen · timeframe Jul 2031
Casdin: Drug development success rates will rise and costs will fall
“Our industry over the next 10 years, and I can say that comfortably, drugs are going to be higher chance of approval, higher chance of efficacy. Probability of success is going to go up continually, and cost of that success is going to come down.”
Eli CasdinJul 15, 2021▶ 1:02:24Eli Casdin – Casdin Capital (Manager Meetings, EP.02)
PredictionNot checkable as stated
Casdin: All institutional allocators will have 5-10% life sciences exposure by 2031
“If I go to that conference in 10 years, everyone's gonna have exposure, and it's gonna be five to 10%.”
Eli CasdinJul 15, 2021▶ 1:03:22Eli Casdin – Casdin Capital (Manager Meetings, EP.02)
PredictionNot checkable as stated
Casdin: Life sciences can compound at a 20% CAGR over next decade
“And I still think very confidently that you can compound at a 20% Tager over the next decade while buckle up because it's going to be very volatile and it's not going to happen in a straight line.”
Eli CasdinJul 15, 2021▶ 1:05:12Eli Casdin – Casdin Capital (Manager Meetings, EP.02)
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