An Investor’s Journey To Future Science And Technology
Venture capital is booming again. VCs invested a total of $48 billion last year — the highest amount in a decade. The lion’s share went to software, which attracted $19.8 billion, versus just $6 billion for biotech. There are many reasons why this is the case, and it’s worth in-depth exploration: Our ability to thrive on planet Earth depends on our ability to make continued scientific breakthroughs that will enable us to pursue the best opportunities and solve many of our most vexing challenges.
Over the years, investors in software and related industries have built not only the expertise, but also elaborate modeling schemes, to mitigate risks and optimize returns. Conversely, the majority of the world’s wealth is maintained by those without scientific expertise, and even those who do have the expertise have lacked mature investing playbooks to assist in high-quality decision analysis.
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