The prevailing model for the investment vehicles at the core of the longevity industry is the business development company, not the venture fund. The canonical example is Juvenescence, while the Longevity Vision Fund and Life Biosciences look very similar, and, as noted here, Cambrian Biopharma – that started out as a venture fund, as I recall – is now following the same playbook. The objective of a venture fund is to exist for a set period of time, invest in startups, and return gains to investors at the end of that time. The objective of a business development company is to go public. This difference in objectives tends …
Most Core Longevity Industry Venture Investment Vehicles are Companies, Not Funds
The prevailing model for the investment vehicles at the core of the longevity industry is the business development company, not the venture fund. The canonical example is Juvenescence, while the Longevity Vision Fund and Life Biosciences look very similar, and, as noted here, Cambrian Biopharma – that started out as a venture fund, as I recall – is now following the same playbook. The objective of a venture fund is to exist for a set period of time, invest in startups, and return gains to investors at the end of that time. The objective of a business development company is to go public. This difference in objectives tends …