The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
01:04:18 · David Morehead
[01:04:18] S0: I do think that biotech is going to be even more impactful over the next ten years than it has been over the last ten or twenty years. So we're spending more time on that. In fact, later this week, I'm headed to a biotech conference and then again in October. So biotech is something that we're actually spending a lot of time on. We certainly have like a lot of biotech exposure, but we're wondering if we should have more even. It seemingly is less correlated with certainly the science is less correlated with markets, but what scientists are doing these days and actually like solving diseases as opposed to simply treating symptoms is extraordinary. So biotech certainly is something that's like kind of high on the list and that we're spending a bunch of time on. Aside from that, like from a personal perspective, I'm really excited to see our team, our office build out over the next three years. As I've done this, I think that there is really a major inflection point that happens when you're $1,000,000,000 going to $5,000,000,000 And we're kind of like right in the middle of that. And so we're dealing with all of the issues around, you know, how do you grow a team? What systems do you set up so that when you're at 5 or $10,000,000,000, like you can actually keep track of everything? How do you systematize things so that this is a self perpetuating office, etcetera, but retain the creativity to continue to do the new things that you've done in the past to get here? There's a lot of decision making that has to go on between one and five billion dollars. And I didn't really appreciate that until kind of being in the middle of it over these last couple of years. We're sort of like halfway through it, but I kind of think in the next two to three years, we'll kind of get out to the other side and then be like off and running. So that at a personal level, that'd be tops for me.
01:06:14 · Harry Stebbings, David Morehead
[01:06:14] S1: David, I've so enjoyed this. I am very grateful to you for putting up with my varying questions, naivety in certain cases, but I've loved it. And so thank you so much for joining me. [01:06:24] S0: Yeah. No worries. We're here down in Central Texas trying to do a good job. So thanks for having us.