I am captivated by materials which may think is
think is
think is in concern and the reason for that is as
in concern and the reason for that is as
in concern and the reason for that is as a maker species the resources that we
a maker species the resources that we
a maker species the resources that we have available are the materials that we
have available are the materials that we
have available are the materials that we have at hand they define what we can
have at hand they define what we can
have at hand they define what we can create as individuals they create the
create as individuals they create the
create as individuals they create the space around which our day-to-day lives
space around which our day-to-day lives
space around which our day-to-day lives are lived what materials we have and
are lived what materials we have and
are lived what materials we have and what we can work with the absence of
what we can work with the absence of
what we can work with the absence of materials creates the inspiration for us
materials creates the inspiration for us
materials creates the inspiration for us to find those new things right and in
to find those new things right and in
to find those new things right and in fact as humanity we’ve often defined
fact as humanity we’ve often defined
fact as humanity we’ve often defined where we are in our advancement in our
where we are in our advancement in our
where we are in our advancement in our growth by the materials we have at hand
growth by the materials we have at hand
growth by the materials we have at hand so the Stone Age this is the state of
so the Stone Age this is the state of
so the Stone Age this is the state of the art right simple materials that any
the art right simple materials that any
the art right simple materials that any individual can learn to master in their
individual can learn to master in their
individual can learn to master in their lifetimes advancement comes slowly
lifetimes advancement comes slowly
lifetimes advancement comes slowly materials are pretty limited right it
materials are pretty limited right it
materials are pretty limited right it takes thousands of years to make some
takes thousands of years to make some
takes thousands of years to make some progress and that progress is made by
progress and that progress is made by
progress and that progress is made by small groups of people as we step
small groups of people as we step
small groups of people as we step forward humanity becomes more and more
forward humanity becomes more and more
forward humanity becomes more and more advanced we have an agricultural
advanced we have an agricultural
advanced we have an agricultural revolution we start to work with metals
revolution we start to work with metals
revolution we start to work with metals and metallurgy we have a broader set of
and metallurgy we have a broader set of
and metallurgy we have a broader set of materials that we can work with and
materials that we can work with and
materials that we can work with and we’re working in larger and larger
we’re working in larger and larger
we’re working in larger and larger groups of people and individuals
groups of people and individuals
groups of people and individuals starting to specialize in the materials
starting to specialize in the materials
starting to specialize in the materials that they know how to handle what they
that they know how to handle what they
that they know how to handle what they can do with them to where we are today
can do with them to where we are today
can do with them to where we are today the digital revolution if we take a look
the digital revolution if we take a look
the digital revolution if we take a look at this in the last hundred years we’ve
at this in the last hundred years we’ve
at this in the last hundred years we’ve seen more advancement in the day to day
seen more advancement in the day to day
seen more advancement in the day to day lives and the materials that we use than
lives and the materials that we use than
lives and the materials that we use than we’ve seen in the thousands of years
we’ve seen in the thousands of years
we’ve seen in the thousands of years before that and those materials and that
before that and those materials and that
before that and those materials and that existence that we now live is brought to
existence that we now live is brought to
existence that we now live is brought to us not by small groups of people or even
us not by small groups of people or even
us not by small groups of people or even ten groups of tens of people but
ten groups of tens of people but
ten groups of tens of people but hundreds of people in the largest
hundreds of people in the largest
hundreds of people in the largest organizations and those organizations
organizations and those organizations
organizations and those organizations take the form of corporations so the
take the form of corporations so the
take the form of corporations so the biggest innovations that we’ve seen in
biggest innovations that we’ve seen in
biggest innovations that we’ve seen in the last hundred years have come from
the last hundred years have come from
the last hundred years have come from chemical companies from oil companies
chemical companies from oil companies
chemical companies from oil companies from the original
from the original
from the original Silicon in Silicon Valley they brought
Silicon in Silicon Valley they brought
Silicon in Silicon Valley they brought us advanced materials synthetic
us advanced materials synthetic
us advanced materials synthetic materials whereas a hundred years ago we
materials whereas a hundred years ago we
materials whereas a hundred years ago we closed ourselves and housed ourselves
closed ourselves and housed ourselves
closed ourselves and housed ourselves and protected ourselves with metal with
and protected ourselves with metal with
and protected ourselves with metal with wood with cotton right not with Kevlar
wood with cotton right not with Kevlar
wood with cotton right not with Kevlar not with PVC okay those are all recent
not with PVC okay those are all recent
not with PVC okay those are all recent advancements but one of the questions
advancements but one of the questions
advancements but one of the questions that we asked is if this is true that
that we asked is if this is true that
that we asked is if this is true that it’s taking more and more people working
it’s taking more and more people working
it’s taking more and more people working together in a more specialized fashion
together in a more specialized fashion
together in a more specialized fashion in larger and larger groups to advance
in larger and larger groups to advance
in larger and larger groups to advance us what does that mean in the revolution
us what does that mean in the revolution
us what does that mean in the revolution led by startups make small groups of
led by startups make small groups of
led by startups make small groups of people like this what we’ve seen in the
people like this what we’ve seen in the
people like this what we’ve seen in the last year and in the last decade is that
last year and in the last decade is that
last year and in the last decade is that small groups of people working together
small groups of people working together
small groups of people working together as teams of three or four or five people
as teams of three or four or five people
as teams of three or four or five people who are coding somewhere in a basement
who are coding somewhere in a basement
who are coding somewhere in a basement or generating ideas somewhere on a
or generating ideas somewhere on a
or generating ideas somewhere on a whiteboard can change the way that we
whiteboard can change the way that we
whiteboard can change the way that we live our everyday lives and the
live our everyday lives and the
live our everyday lives and the materials that we’re doing that with so
materials that we’re doing that with so
materials that we’re doing that with so the question becomes if materials were
the question becomes if materials were
the question becomes if materials were the first things that we innovated in a
the first things that we innovated in a
the first things that we innovated in a lot of ways can they still be things
lot of ways can they still be things
lot of ways can they still be things that we innovate in a small way the
that we innovate in a small way the
that we innovate in a small way the question has often been answered with
question has often been answered with
question has often been answered with it’s really tough because you need one
it’s really tough because you need one
it’s really tough because you need one of these you need a lab right millions
of these you need a lab right millions
of these you need a lab right millions of dollars to build millions of dollars
of dollars to build millions of dollars
of dollars to build millions of dollars to operate and years if not decades to
to operate and years if not decades to
to operate and years if not decades to see through technology advancement and
see through technology advancement and
see through technology advancement and new materials the D rest and that’s the
new materials the D rest and that’s the
new materials the D rest and that’s the province of large large companies who
province of large large companies who
province of large large companies who have that those resources and that
have that those resources and that
have that those resources and that timeline well that’s a heavy lift how
timeline well that’s a heavy lift how
timeline well that’s a heavy lift how can how can we address that how is a
can how can we address that how is a
can how can we address that how is a large startup of a sort a small startup
large startup of a sort a small startup
large startup of a sort a small startup of four people going to address a
of four people going to address a
of four people going to address a challenge that’s typically been answered
challenge that’s typically been answered
challenge that’s typically been answered by large companies can we look somewhere
by large companies can we look somewhere
by large companies can we look somewhere else in this
else in this
else in this scientific realm to see if someone’s
scientific realm to see if someone’s
scientific realm to see if someone’s done this and the answer is yes
pharmaceuticals and healthcare if you
pharmaceuticals and healthcare if you rewind 30 years most drugs that reach
rewind 30 years most drugs that reach
rewind 30 years most drugs that reach the market were born at large
the market were born at large
the market were born at large pharmaceutical companies they followed
pharmaceutical companies they followed
pharmaceutical companies they followed years of research and development at
years of research and development at
years of research and development at these same large companies went through
these same large companies went through
these same large companies went through the regulatory process and were
the regulatory process and were
the regulatory process and were ultimately brought to market in that way
ultimately brought to market in that way
ultimately brought to market in that way that’s where our traditional big
that’s where our traditional big
that’s where our traditional big blockbusters have come from but then
blockbusters have come from but then
blockbusters have come from but then those pipelines ran dry and so large
those pipelines ran dry and so large
those pipelines ran dry and so large pharma codes had to start looking for a
pharma codes had to start looking for a
pharma codes had to start looking for a new way to innovate and a new set of
new way to innovate and a new set of
new way to innovate and a new set of fundamentals on which to work and where
fundamentals on which to work and where
fundamentals on which to work and where did they look biotech so the pharma
did they look biotech so the pharma
did they look biotech so the pharma biotech model which has evolved over
biotech model which has evolved over
biotech model which has evolved over those 30 years has addressed that main
those 30 years has addressed that main
those 30 years has addressed that main challenge where the biotechs took the
challenge where the biotechs took the
challenge where the biotechs took the mode of a small group of people working
mode of a small group of people working
mode of a small group of people working independently willing to ask the
independently willing to ask the
independently willing to ask the question why not rather than why and
question why not rather than why and
question why not rather than why and unhindered by a traditional bureaucracy
unhindered by a traditional bureaucracy
unhindered by a traditional bureaucracy or a conservative corporate culture they
or a conservative corporate culture they
or a conservative corporate culture they could make advances on the technology
could make advances on the technology
could make advances on the technology front and they could then be combined
front and they could then be combined
front and they could then be combined with the power of scale that came from
with the power of scale that came from
with the power of scale that came from the large pharma Coase where the skill
the large pharma Coase where the skill
the large pharma Coase where the skill wasn’t necessarily in taking something
wasn’t necessarily in taking something
wasn’t necessarily in taking something from birth through its lifecycle but in
from birth through its lifecycle but in
from birth through its lifecycle but in being able to partner with another
being able to partner with another
being able to partner with another organization and be able to think in a
organization and be able to think in a
organization and be able to think in a different way and eventually to get that
different way and eventually to get that
different way and eventually to get that market fully functioning venture capital
market fully functioning venture capital
market fully functioning venture capital is now heavily involved in a place that
is now heavily involved in a place that
is now heavily involved in a place that has a very very long timeline right
has a very very long timeline right
has a very very long timeline right which is not a traditionally easy lift
which is not a traditionally easy lift
which is not a traditionally easy lift for venture so back to materials
for venture so back to materials
for venture so back to materials fundamentally it’s chemistry in many
fundamentally it’s chemistry in many
fundamentally it’s chemistry in many cases very similar to health care
cases very similar to health care
cases very similar to health care so is there an opportunity here for
so is there an opportunity here for
so is there an opportunity here for materials to start advancing in the way
materials to start advancing in the way
materials to start advancing in the way other things have and finally join the
other things have and finally join the
other things have and finally join the disruptive economy and the startup world
disruptive economy and the startup world
disruptive economy and the startup world so the question is what will it take to
so the question is what will it take to
so the question is what will it take to do that and it will take three things
do that and it will take three things
do that and it will take three things the same thing that we learn from the
the same thing that we learn from the
the same thing that we learn from the biotech and pharma model right it will
biotech and pharma model right it will
biotech and pharma model right it will take small companies willing to do it an
take small companies willing to do it an
take small companies willing to do it an environment that supports them it will
environment that supports them it will
environment that supports them it will take large companies operating
take large companies operating
take large companies operating differently right now they’re merging
differently right now they’re merging
differently right now they’re merging trying to find a new model and the new
trying to find a new model and the new
trying to find a new model and the new model may be to abandon they’re not
model may be to abandon they’re not
model may be to abandon they’re not invented here mentality and adapt to a
invented here mentality and adapt to a
invented here mentality and adapt to a how do we partner mentality right and
how do we partner mentality right and
how do we partner mentality right and then the third piece is venture capital
then the third piece is venture capital
then the third piece is venture capital finding a space in the de-risking moment
finding a space in the de-risking moment
finding a space in the de-risking moment between small companies and large
between small companies and large
between small companies and large companies right and it could be
companies right and it could be
companies right and it could be transformative if you take a look at
transformative if you take a look at
transformative if you take a look at Pharma and biotech there are thousands
Pharma and biotech there are thousands
Pharma and biotech there are thousands of partnerships that are created every
of partnerships that are created every
of partnerships that are created every year and large pharmaceutical companies
year and large pharmaceutical companies
year and large pharmaceutical companies do tens of licensing deals every year
do tens of licensing deals every year
do tens of licensing deals every year each one not one not two tens and so the
each one not one not two tens and so the
each one not one not two tens and so the potential to transform the way that we
potential to transform the way that we
potential to transform the way that we live and the materials that we have as a
live and the materials that we have as a
live and the materials that we have as a human beings can be dramatically shaped
human beings can be dramatically shaped
human beings can be dramatically shaped by this we may have seen the pinnacle of
by this we may have seen the pinnacle of
by this we may have seen the pinnacle of new materials coming out of large
new materials coming out of large
new materials coming out of large companies but we are just getting
companies but we are just getting
companies but we are just getting started on new materials coming out of
started on new materials coming out of
started on new materials coming out of small companies and in partnership with
small companies and in partnership with
small companies and in partnership with others thank you
”
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