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Biotech Companies Trading at Less Than Cash Now?
The IPO market was great for biotech for four or five years, but now it's turned the other way. When you're an early stage venture capital investor in medical devices or bio pharma, you have no idea how much it's going to take. And so that's the big risk that we're always thinking about and is, are we going to be able to find somebody else who like believes in the vision and will help us achieve that?