ace boogie
@nebipeksoz
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i haven't yet dug deeply into DeSci (i will), but here are some high-level thoughts from my experience launching a drug development fund* that was very hands-on with academic labs:
1. proving a hypothesis in the lab (research) =/= finding product-market fit (startup). they shouldn't be funded as if they are the same. this is not exclusive to DeSci; VCs who funded AI researchers will learn this quickly in the coming years. note PMF for biopharma startups looks different than for traditional tech startups.
2. most scientists (like most people) aren't good entrepreneurs. good science =/= good business (market demand, scalable operations, strong marketing). DAOs can introduce more management and inefficiencies, not more expertise, and tokenized IP introduces more legal/reg complexity
i don't yet see how DeSci, esp DeSci tokens, solves either of these problems
*the fund raised $250M+, funded 200+ lab discoveries, launched 35+ companies, 20+ medicines in clinical trials, and 15 licensed to pharma companies 1 reply
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