📄 Extracted Text (435 words)
From: <[email protected]>
Sent: Monday, December 3, 2018 1:18 PM
To:
Subject: Re:
On Mon, Dec 3, 2018 at 8:13 AM Church, George wrote:
I enjoyed the conversation too. =AO Thanks for asking about the 27 cos. Most of these are either very=young newcos
(15 in 2018) or I had minor/diluted shares. Also payback in biotech is slower than most investments. Even though=my
Harvard lab is very frugal (reducing costs by 10 million-fold), and mos= our 90 employees get paid less than $60K per
year, we still have many goo= ideas that don't get implemented. Also, last week I learned that our largest and longest
grant won't be =enewable for the very odd reason that we have been too successful in peer-review. A few members of
Congress '=ight' be looking for examples of 'Center of Excellence' =eams that are getting money year after year. (Sounds
like Harrison 8e=geron). <https://en.wikipedia.org/wiki/Harrison_Bergeron> The administrators are afraid that one
su=cessful lab could endanger many other grants (or even their whole program)= They aren't even that sure about the
Congressional concern rumor, but this is still enough to derail my lab renewal.
Thanks again.</=>
--George
From= "jeffrey E.&=uot; <[email protected] <mailto:[email protected]»
Date: Monday, December 3 2018 at 5:01 AM
To: George Church
lots of fun yesterday , thx for coming=C2 . I was surprised to hear that with 27 cos formed =ou were stil concerned
about money? . would you ikke the share=the details of the situation? to see if i can be helpful
please no=e
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