Antibiotics are so pervasive that they are often prescribed preemptively, as soon as patients report symptoms, before a diagnosis is made.
If you're a technology investor, and you decide that you're also going to be a healthcare investor or a green-tech investor, that doesn't usually work out that well. There are reasons why people make their careers studying these things and becoming experts.
There are a lot of billionaires in Silicon Valley, but in the end, we are all heading to the same place. If given the choice between making a lot of money or finding a way to make people live longer, what do you choose?
Google Ventures has a direct financial incentive to ensure the companies we invest in succeed.
There are a number of start-ups in Europe that are able to reach beyond their own country. Take Spotify - Spotify just in Sweden isn't that interesting compared to Spotify all over the world.
The reality is regulation often lags behind innovation.
People talk about the redistribution of wealth a lot, which is a very valid topic. But what about the redistribution of health? That's even more concentrated at the top.
If I were to leave and raise a venture fund, I would have to find 10 or 100 LPs. They would all give me a bunch of money, and I would take a percentage of that to pay myself. They would expect me to invest that over the next three years, and they want that money back in seven or eight years.
If you want to invest in early-stage technologies, putting a timeframe on it does behold you to Silicon Valley economics. You've got a certain time period where you have to make the money. And you have to invest that money whether you find good companies or not.
Venture funds get beaten up for not investing in important things. Okay, if you want venture funds to invest in important things, then don't penalize or make fun of them when those important things don't work.
When you build relationships with entrepreneurs, they're not trying to optimize on price.
I can make it very clear: I get paid if we make good investments. And if we don't, I don't get paid. I have no incentive to sell our companies to Google; the entrepreneurs get to decide that. We are minority shareholders.
We have this powerful lever at Google Ventures, which is to invest $200 million a year. This is a huge lever. It's not all going into one place; it's going into lots of start ups and founders and entrepreneurs, all of which are levers to try and change the world in one way or another.
I contemplated a career at NIH at one point. I have a neuroscience background.
Silicon Valley has been a technology capital like New York is a financial capital.