Comment by luddaite
8 years ago
Honest question:
Is raw intelligence or wisdom more important for success in biotech? It seems to me that raw intelligence is useful when studying systems that are either designed rationally or can be understood easily from a mathematics perspective. On the flip side, I think experience is important when dealing with biology which is often messy and not easily understood because so much is still unknown and everything is the result of an accumulation of random variations.
Most biologists I know are very high in raw intelligence. However there's a distinction between biology as a science and biotech as an industry. The key insight that starts development of a new drug often comes from pure molecular biology, but after that, a different type of biology, as well as chemistry and pharmacology quickly become very important.
The industrial drug development process is one of the most technically complex, risky and highly regulated processes in industry. You basically need PhD level experience in almost a dozen distinct technical domains to get a drug approved. Most biotech VCs prefer CEOs with decades of drug dev experience because they know where the pitfalls are and how to execute better
That said, Ive heard a very experienced biotech VC / former big pharma drug developer describe the process of developing a drug as "hanging on by your fingernails", and the traditional dyed in the wool drug industry strategy has pretty much put the industry on a long term declining trend, so maybe experience isnt as powerful as the industry tells itself