🤖 Synthetic biology's Netscape moment

Friedberg tech w=1.08 · n=65 · E32 (2021-05-13) · explicit_prediction · strength 3 ▶ 1:05:42 SUPPORT · horizon 24mo

“And I think these two IPOs happening at the valuations that they're happening at and the capital that's going in, I think these are kind of like the Netscape moments for synthetic biology and we're going to see a tremendous amount happen over the next couple of years.”

Chamath tech w=0.90 · n=83 · E32 (2021-05-13) · sentiment · strength 2 ▶ 1:09:53 SUPPORT

“This is why Ximergen and Ginkgo are two really important data points. ... And in that, you're going to have an entire generation of companies get built. It's super exciting. I spend time in and around these businesses without getting too specific.”

Friedberg tech w=1.08 · n=65 · E60 (2021-12-23) · sentiment · strength 2 ▶ 35:33 SUPPORT

“And I think that's really a moment that will inspire a whole new realm of industrial synthetic biology work, a lot of which I hope to kind of build and participate in pretty heavily in the work that we do day to day.”

Friedberg tech w=1.08 · n=65 · E65 (2022-01-29) · explicit_prediction · strength 2 ▶ 57:29 SUPPORT · horizon 12mo

“And I think it speaks to what I highlighted as what will be the new frontier in biotech and will completely rewrite the course of humanity is if we can take drugs and for a short period of time, completely reverse the age of ourselves. ... And this technology and this is going to be the year I think this will be the front cover of a lot of magazines this year. As people realize that this is real and that it's getting commercialized.”

Chamath tech w=0.90 · n=83 · E65 (2022-01-29) · explicit_prediction · strength 3 ▶ 58:02 OPPOSE

“Whenever I see these grandiose prognostications of future progress and then see these companies raise exorbitant amounts of money, I have never found a single example where it's ever worked ever. In fact, every time I see a company raise an exorbitant amount of money in a Series A, I write them off in my head. ... And in fact, I've never seen a three billion dollar venture fund do much more than return 2X of money.”

Friedberg tech w=1.08 · n=65 · E89 (2022-07-29) · explicit_prediction · strength 3 ▶ 1:12:49 REVERSAL

“But the industrialization, the amount of capital these guys raised and what they promised they would deliver on when turned out not to quite beat the economics, not to quite get there. And the market decisions they made about what products to go after, how quickly to scale up, building their own facilities. There was just a lot of strategic errors. And I think the storytelling got ahead of where the business was.”

Friedberg tech w=1.08 · n=65 · E126 (2023-04-28) · sentiment · strength 2 ▶ 1:03:37 REVERSAL

“Hundreds of millions of dollars, and in several cases, billions of dollars have gone into these systems, and it's very likely that these companies may need several more years and several billion dollars. We are going to get there. The technology is progressing. The rate of progress is a little slower, and it's a little more challenged, I think, than the first round of investors had hoped.”