Bill Janeway, an economist and venture capitalist at Warburg Pincus, shares his expertise on government’s role in funding innovation during crises. He discusses how timely governmental support can accelerate COVID-19 vaccine development, drawing historical parallels to wartime efforts. Janeway critiques the fragmented U.S. response and emphasizes the need for better coordination and ethical considerations in distribution. He outlines strategies for economic recovery, comparing U.S. and German responses, and highlights governors' crucial role in fostering trust and stability.