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“But today it’s possible to wonder whether the genuine difficulty of biology has become an excuse for biotech startups’ indefinite approach to business in general. Most of the people involved expect some things to work eventually, but few want to commit to a specific company with the level of intensity necessary for success. It starts with the professors who often become part-time consultants instead of full-time employees—even for the biotech startups that begin from their own research. Then everyone else imitates the professors’ indefinite attitude. It’s easy for libertarians to claim that heavy regulation holds biotech back—and it does—but indefinite optimism may pose an even greater challenge for the future of biotech”

Peter Thiel, Zero to One: Notes on Startups, or How to Build the Future
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Zero to One: Notes on Startups, or How to Build the Future Zero to One: Notes on Startups, or How to Build the Future by Peter Thiel
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