Two of our favorite thinkers, Niall Ferguson and Peter Thiel, discuss many of the most important issues of the day. Good stuff!
A conversation with: Peter Thiel, founding CEO of PayPal; Member, Board of Directors, Facebook; entrepreneur; and venture capitalist and Niall Ferguson, Laurence A. Tisch Professor of History, William Ziegler Professor at Harvard Business School.
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Specifically on the question of pharma/biotech, there was heavy investment in the genome project, funded by government, on the promises made by Jim Watson and others. Even at the time it was starting, a lot of solid opinion held that it would not produce a lot of breakthroughs. Today we’re seeing the downside of that: Finishing projects that did not work, skepticism about investing in new ones.