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The DeSci Podcast
Michael Baran on Decentralized Science and Investing in Blockchain Technology
Nov 14, 2023
Michael Baran, Executive Director at WRDM and partner at Pfizer Ventures, delves into the revolutionary potential of decentralized science (DeSci). He explores how DeSci is redefining traditional biotech paradigms and enhancing investment models through decentralized autonomous organizations (DAOs). Michael discusses the risks in early-stage science investments, challenges in biopharma, and common misconceptions about the sector. He emphasizes the importance of maintaining scientific quality while navigating the complexities of innovation and funding in the evolving landscape.
39:45
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Quick takeaways
- Decentralized science (DeSci) offers innovative funding mechanisms that alleviate capital shortages by leveraging decentralized autonomous organizations (DAOs).
- Despite its advantages, DeSci faces challenges in governance and accountability, necessitating mechanisms to ensure progress and attract ongoing investment.
Deep dives
Current Perception of Blockchain and Investment Opportunities
Many tech investors view blockchain as a dead technology, considering it uninvestable at the present moment. However, this lessened interest in blockchain creates a unique opportunity for developers who are not pressured by investor demands, allowing them the necessary time to innovate. During periods of less scrutiny, significant progress can be made, especially in decentralized science (DeSci), where excitement has waned but foundational work is ongoing. The podcast suggests that such a climate might actually benefit those building valuable projects within this sector, as they can focus on long-term goals rather than immediate returns.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode