This is not to say you ignored the financial analysis, or are acting less than the logical investor you are, but I thought I would ask about how you are thinking about your financial analysis and a 3-5X+ return on this investment.
Hi Vic,
Little bio-techs are never more than a small part of my portfolio, and since they usually have little or no revenue except grants and up-front payments from large pharmas, I do actually ignore the financial numbers and invest based on how successful I think the company can be. (And I can always change my mind).
Best,
Saul