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August 07, 2006
Ex-Hedgie Sees Money In Tech For Disease Diagnostics
And Kessler has published The End of Medicine in which he makes the case that entrepreneurs and investors should speed up the transfer of technologies from the IT and computing world to medical sectors, particularly early detection of diseases.
Kessler's pitch goes like this:
...sometime in the next several years, as the silicon and software and algorithms developed for early detection begin to get cheap enough, these business models will emerge, and you will see venture capitalists step up to fund interesting companies and IPOs of the hot new early detection players. 3-D imaging, computer aided detection, biomarkers, molecular imaging probes, nanotech scan devices for antibody chips, these are all areas that we will see companies emerge.
He's not the first to say this kind of thing and some industry insiders over here are already working in this direction, including at least one hedge fund manager we know, as well as some famous founders and venture firms, but we like Andy Kessler's writing and his ability to translate the jargon-loaded language of present-day guilds.
He did it for hedge funds and tech investing in Running Money, and stock trading in Wall Street Meat and from the excerpts we've read he has done it in his latest book.
It will be interesting to see if popularizing the theme will draw more investors and smart tech founders to this area of activity. From our point of view, a theme like this has the potential to revitalize the VC market, as opposed to the current trend, for example, of investing in what VCs hope will be Yahoo's or Rupert Murdoch's next acquisition target.
Read
Interview with Andy Kessler (dealbreaker blog)
Andy Kessler Book Excerpts (Kessler's blog)
Posted on August 7, 2006 06:14 AM | Posted to Ideas | Permalink
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