Biotech, You're a Venture Capitalist?

The biote community has not really placed a lot of value on founders. Often, when you look at the cap tables of these companies,. i the founders own up own, end up owning, like, a very small fraction of the company. And that's in contrast to the te company, where it's actually to te company's where it's almost always flipped. You almost have the opposite dynamic between ownership of the founders and the ownership of the investors.