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    LtM ep5 - Seth Bannon, Founding Partner at Fifty Years on How Science Startups Build the Future

    enMay 06, 2020

    About this Episode

    Seth Bannon is the Founding Partner of Fifty Years, a $50m early stage deep tech fund.

    • Seth is a long-time advocate and campaigner, who turned to technology and investment to solve the world’s biggest problems around sustainability, food, and the digital divide.
    • A graduate of Y Combinator, Seth was named twice to the Forbes 30 Under 30 list for Social Entrepreneurship.
    • Seth believes business will be about more than just profit (more here), and Fifty Years has supported a range of startups shaping the world for the better — from microbe engineering for sustainable chemistry, to small satellites for low-cost global internet coverage, to clean meat.


    This podcast is hosted by Benjamin Joffe, Partner at SOSV, a global early stage fund focused on deep tech. SOSV runs multiple accelerator programs including HAX (intelligent hardware) and IndieBio (life sciences). SOSV and Fifty Years have co-invested in several companies mentioned in this podcast such as Memphis Meats (clean meat pioneer, raised $181m), Geltor (synthetic human collagen) and Catalog DNA.


    Episode Overview

    In this episode, Seth talks about:

    • What prompted him to create a fund focused on the world’s biggest problems, and how its name relates to Winston Churchill’s prophetic 1931 essay titled Fifty Years Hence.
    • How Silicon Valley needs to go back to its roots: focusing on technology to lift all sectors — including food, industry and healthcare — to the digital age.
    • Why biology is having its ‘Internet time’.
    • The challenges PhDs face when they become founders to translate their research.
    • How magnetic, resourceful, resilient doers are founders with high potential.
    • His approach to opportunistic investments in deep tech.
    • Using publication research for initial technical due diligence in new domains.
    • The benefits of portfolio network effects.
    • Finally, we discuss the affects of the Covid-19 pandemic on venture, and the silver lining of how such an intense global events might give rise to major scientific advances in a compressed timeframe.


    References Mentioned


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