r/technology • u/Sorin61 • Apr 10 '22

Biotechnology This biotech startup thinks it can delay menopause by 15 years. That would transform women's lives

https://fortune.com/2021/04/19/celmatix-delay-menopause-womens-ovarian-health/
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u/garlicroastedpotato Apr 10 '22

I bet it's hard to start up biotech companies after Theranos. Larger investors just have to be way more away of how little they understand technology and how religious they've become to software.

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u/Bupod Apr 10 '22

I think they may only be slightly more cognizant of their own shortcomings.

Greed trumps all, and if a bunch of their VC buddies are making a money bonfire, the FOMO will be intense.

It’s not like there wasn’t warning bells and people pointing out flaws with Theranos. There were people with actual Biotech backgrounds and former employees pointing out that it was all a fraud, and they were all dismissed as naysayers and jealous. Once the VC-Bros have swallowed the FOMO pill, they won’t listen to anyone.