Simeon George · Business Of Biotech · AI, China, And Biotech Investing With SR One's Simeon George, M.D.
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discussed the idea of a U.S. sovereign wealth fund to finance pre-clinical and early-stage biotech companies
“We're currently investing out of our fifth fund and primarily spend all of our time, like I mentioned, early stage. So really everyone from having an idea up until series A companies”
“…there is no way of consolidating public finances without restoring some form of a wealth tax… we will return to the wealth tax that we had in 2017”
“We spent six months basically fundraising on Zoom... that year there was so much interest in what was happening in biotech... we took advantage of that window to be able to create that first fund. That first one was a 500 million vehicle”
“The Australian Government financed and paid for pre-COP out of the reallocation of the $500 million on international climate discussions”
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