As I’ve mentioned previously, the venture industry is undergoing a contraction period. Unfortunately, the venture fund that I’ve been working at for the past two years has not been immune to the current trend.
It is with great sadness to have to leave the fund. It’s been a wonderful experience working in venture. I’ve met a ton of very smart people and learned a lot about emerging technologies and markets.
Unfortunately, it’s a tough time for the venture industry as a whole, and I believe a very difficult time for life sciences investors in particular. While a ton of innovation still exists, healthcare reform and regulatory headwinds have made early-stage life sciences investing more risky. I believe the pendulum will eventually swing back the other way, but it’s hard to say when it will at the moment.