[tclmeelmo]

Experienced investors aren't going to invest much if the science isn't on a good foundation. Even if they would, that's a pretty expensive way to fund research: it's cheaper to fund it by grants or through revenue.

[a3n]

And were these experienced investors? :)

[tclmeelmo]

I am under the impression that they were experienced in IT but inexperienced in biomedical investments.