Milken Institute Panels
2017 Global Conference
Research foundations: Philanthropic risks can hit home runs
As an adviser to medical-research foundations on effective donation, I contend that philanthropic capital has an intrinsic advantage over public funding: it thrives on risk. This encourages the testing of bold ideas, even when there's a high chance they might not work out.
Financing High-Risk Medical Research
MILKEN INSTITUTE REVIEW
In the past few years, the media has showered us with headlines about record-setting biotech financing—outsized venture-capital rounds, unprecedented public market appetite for IPOs, and robust sector returns. But a closer look suggests there is more froth than substance at this frontier of medicine and science.