The speaker and others are heavily invested in psychedelic startups and are focused on therapeutics. They believe in revolutionizing capitalism by funding initiatives that for-profits aren't interested in or that are better suited for non-profits. Initially, there was very little for-profit activity in the psychedelics space, but recently, a subsidiary drug company of Maps raised $100 million in an equity financing round, prompting Maps to consider moving to for-profit funding. The decision was influenced by the need for more funding to deliver treatments, the desire to redeploy philanthropic capital to other initiatives, and the potential to attract more pharmaceutical companies into the space. The speaker believes that creating an investable ecosystem for psychedelics is important within the current capitalist system.
From therapeutic-assisted MDMA to decriminalized psilocybin and microdosing, movements to legalize psychedelics are everywhere. California-based Joe Green is a prominent voice in the movement, as the co-founder and President of the Psychedelic Science Funders Collaborative (PSFC). Kara asks him about the recent unfavorable headlines (including concerns over Elon Musk’s potential drug use and Matthew Perry’s death from ‘acute effects of ketamine’) and poses a question from Investigative Reporter Olivia Goldhill about how proselytizers can be held to account.
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