"We can start now by building the facilities where these vaccines will be made," Gates wrote. "Because many of the top candidates are made using unique equipment, we’ll have to build facilities for each of them, knowing that some won’t get used."
"Private companies can’t take that kind of risk, but the federal government can. It’s a great sign that the administration made deals this week with at least two companies to prepare for vaccine manufacturing. I hope more deals will follow," he added.
Arguably, this is precisely the kind of risk that venture capital and startups take every day. Yes, government needs to co-ordinate funding for this and execute where it can. Anything that helps them is great.
However, if someone wants to put $10 million (total of large seed rounds or a small A) into building these facilities as well, open it up, as there is a huge amount of cash sitting on the sidelines right now, and if a small team can get these built, it's worth examining the potential.
"Private companies can’t take that kind of risk, but the federal government can. It’s a great sign that the administration made deals this week with at least two companies to prepare for vaccine manufacturing. I hope more deals will follow," he added.
Arguably, this is precisely the kind of risk that venture capital and startups take every day. Yes, government needs to co-ordinate funding for this and execute where it can. Anything that helps them is great.
However, if someone wants to put $10 million (total of large seed rounds or a small A) into building these facilities as well, open it up, as there is a huge amount of cash sitting on the sidelines right now, and if a small team can get these built, it's worth examining the potential.