Comment by ghc
10 hours ago
> Texas has more Biotech opps now than MA, thanks to crazy high lab space rents.
For anyone confused by this I looked it up. The number of life sciences (biotech + biopharma) employees in the state of Texas is less than 50% the number of life sciences employees in greater Boston. The amount of venture funding is roughly 10%. the venture AUM is comparatively tiny. The total number of big pharma research HQs is significantly smaller. I'm not sure the whole state of Texas would even outrank the research triangle.
Life Sciences is misleading because it includes lots of teaching hospitals which are funded by the Feds, and not the states and don't do biotech nor any product development, but employ thousands of low paid academic post-docs and researchers.
I explicitly excluded those from my research, including only employees of for-profits. While federally funded research is important, it would be misleading to include academia in employment figures.
To wit, Harvard alone has 10000 medical research faculty. I can only imagine how many grad students are toiling away in all those labs (or were, before the dismantling of NIH).