1/ LARRY BOCK—
Five and a half years ago longtime Lux partner, mentor, friend, father, husband, cutting-edge biotech investor, company founder––and Brooklyn-born(!) merry prankster passed….medium.com/@lux_capital/a…
2/ Larry’s email was “BioBock” (his dad’s nickname as an “OG” stockbroker for biotech in the 70s + 80s)…
Larry (legally blind w/deteriorating eye condition, Stargardts) would join Genentech as one of the first 50 employees—before launching 17 co’s from scratch + taking 14 IPO—
3/ One of my FAVE stories is how Larry had hoped to get into Princeton, Harvard, Yale—but instead was steered towards Bowdoin
He had a friend who used to prank him….This friend once had his sister pretend she was another girl Larry had a crush on— asked him out to the prom….
4/ The next day Larry goes to school—thinking this girl asked him out to the prom was utterly devastated when he learned the truth…Fast forward a few weeks—Larry is on the waitlist for Bowdoin…
5/…and Larry gets a phone call that night from a woman who says: "Congrats––you are off the waiting list." Larry assumes its his friend getting his sister to prank him again.
So Larry, furious, curses her out––
and then found out it was really admissions woman from Bowdoin!!
6/ He calls and apologizes and says “Oh no! Please, trust me, i am exactly the kind of person you want at Bowdoin!”
He graduates, then applies to Genentech three times. Gets rejected all three times—until finally ends up working there for 3 years…
7/ In an amazing personal coincidence—at Genentech Larry Bock ends up working on UROKINASE and blood related plasminogen activators…
Which 20 years later was one of my 1st published science paper—in Cell Biology
8/ Larry would end up going to UCLA for b-school and then worked for legendary biotech investor Jean Deleage (Burr, Egan, Deleage) early investors in CHIRON
Larry ends up looking at spin out of HYBRITECH* (called Cytotech)…but first a quick funny story about another famous VC…
9/ To show you technical backgrounds arent always necessary:)
This famous biotech VC (still alive) came out of the meeting with HYBRITECH…and turned to his colleague and says
“WAIT, PLANTS…HAVE CELLS?”
Larry would later team w/Kevin Kinsella (another early HYBRITECH investor
10/…in Avalon ventures and team with other longtime Lux friends like Larry Fritz in founding cutting edge neuro companies like Athena Neuro + signal transduction Co’s like ARIAD and then Neurocrine…
11/ that would lead to doing BIOTECH x TECH at the intersection of computers + “lab on a chip” (which would become microfluidics and ultimately lead to Caliper, Pharmacopiea, Argonaut, and Illumina(!)…
12/ Notably––Illumina was NOT gene sequencing at first but rather sensor on a chip. At the time, Larry was trying to recruit Nate Lewis at Caltech who was also being recruited by “nose-on-chip” co Cyranose (an area I and Lux are still obsessed with!)…
13/ And there was a guy Mark Chee who Larry was recruiting to Caliper who had the idea that the TECH could be used for GENE SEQUENCING…
And then a year later Jay Flatley came in as CEO (now an advisor to Lux family co @VariantBio)…
14/ Larry would see BIOxTECH as getting crowded at the time and started looking where others weren’t which led to the founding of NANOSYS—around nanotech Harvard, MIT, Berkeley pioneers in chemistry x material science x electronics…
One of Lux’s first investments was Nanosys…
15/ Larry teamed many times w/ incredible @rtnarch Bob Nelsen (ARCH) on series of his biotech + beyond ventures
Lux started out begging Bob + others to let us into their hot deals!;)
Larry joined Lux + we carry his 🔥 of starting de novo co’s
📸Bob + Wally P. @ Bock memorial
16/ from Genocea (vaccines) to Kala (back of the eye delivery) to Aira (tech for visually impaired) to Kallyope (gut-brain axis) to Variant (outlier genetics) to Auris (robotic surgery)…
17/ Larry’s DNA courses thru all we do at Lux.
Larry had joined the board of FEI Corp where Don Kania was CEO until its $4B sale to ThermoFisher. Don is now chairman of Lux family co Gandeeva (next-gen CRYO EM)
Fiat Lux…. “Fiat Larry”!
18/ To read more about Larry—
his amazing wife Diane, and daughters Tasha + Quincy (part inspiration for my own daughter ‘Quinn’) published this book of Larry’s big ideas + Larry’s Guide to Life…amazon.com/Ideas-Man-Fest…
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1/ Find directional arrows of PROGRESS (arrows of inevitability) they don’t point to the company or the founder or the specific tech—but they never fail.
The more poetic the insight, the more likely it is to be true and the explanation harder to vary.
CONSIDER: energy
2/
The more we move into the FUTURE
the further we mine the PAST
When humankind first learned to release ENERGY to do WORK it was using recent vegetation fueling self or animals
(*that vegetation was weeks or months or years old)…
3/ Next humankind learned to create fire and release ENERGY to do WORK by burning what the sun had stored in vegetation (wood + oils)
1/ Believe there’s growing RISK that perception of tight labor market—(with 4.5 million giving notice in November)—& rising incremental wages to attract workers back
may be due to WFH complacency combined w/rising retail stock/crypto confidence + flood of options in new startups
2/ The non-obviosu RISK is many may have been heavily margined & lured into stock trading + crypto accounts and feeling flush + confident yet were low-income and/or recent grads…
3/ Combined with a flood of growth capital into a flood of new startups with a flood of demand for talent that led to a flood of rising wages + stock packages…
1/ We’re PSYCHED to announce that @graceisford has joined Lux Capital as a Principal based in our NYC 🗽office––where she will be investing at the nexus of web3, data infrastructure, and AI/ML...🧵
2/ Even as we continue to plunge ever deeper into ATOMS + BITS
it’s also clear that we can’t ignore the institutions that power our society––which face their own complex challenges...
3/ Our financial system is sclerotic + undemocratic, built on pulped trees🌳 rather than code👩💻 + smart contracts.
Our health system 🏥remains mired in antiquated systems...
1/ There are a few ‘megamacro’ trends that really matter
-Hard power (aerospace + defense *see below*) v China
-Soft power (US culture + tools for ‘Tech of Science’) v China
-Money + “low entropy” currency (USD x Fed x crypto)
-Africa, MENA, SE Asia EM spacenews.com/chinese-satell…
2/ Climate matters alot—though climate does not have the human-generated conflict of interests
(unless world shames China for coal; and is easily solved with doubling world’s nuclear power—only cost is the loss of “environmentalists” egos + pride from their orthodoxy)
But more—
3/ More important than climate🤭—a 100yr problem that will be solved in next 50yrs (not by swapping light bulbs or neg. growth but via nuclear + electrification)
2 topics—
both seem sensationalist
both deserving of MORE not less attention
so that attention can lead to rallying support + action
as it has with w/some domestic injustice
1 CHINA CONCENTRATION CAMPS
+
2 TALK OF U.S “CIVIL WAR”
2/ Topic 1: China concentration camps
I quickly imagined what it was like in 1933
+ searched for resource of what US 🗞📰 might have been reporting on what the rising authoritarian power in Germany doing opening “re-education camps”…
Thankfully it exists…
3/ KEEP YOUR 👀 on the progression of the #’s in this 🧵
And why “Never Again”—-must mean NEVER AGAIN
1933“in a reconcentration camp at Dachau, Bavaria a NYT correspondent finds 2,000 Germans being “educated” at hard labor for long hrs simply for idle words of ruling powers…”