Hello readers of the blog. I have a simple question to ask:
Would you (or a high net worth individual you know) be interested in investing in a venture capital fund if I were the general partner?
I am trying to get a sense of the level of potential interest. I have about 4,000 subscribers to the blog and about 20% regularly open. I know there are many out there that consider my scientific + common sense interpretations valuable and so I wonder, would you be interested in tying up capital to take a 8 year voyage with me?
The reason I am asking is that over the years, I have been introduced to some very interesting early stage companies by the laws of attraction, reader queries, and networking. I was recently asked by a patient of high net worth (and there are quite a few of them), if I would continue to providing my insights in the context of a more formalized arrangement.
This led me to think: “Perhaps I can establish a more secure position by managing a venture capital fund aimed at wellness and anti-aging instead of working on a piecemeal or temporary basis?”
Of course, I would need structures and staff in place for monitoring, legal, regulatory, surety, compliance, accountancy, and everything else, but much of that appears to be fairly standardized.
Why me? As my would-be benefactor/employer said to me when pitching the idea, “I can hire accountants, lawyers, and investment advisors easily, but what is very hard to find is innovators- people who can think out of the box…”
Well, as a reader of this blog, you know that I do have the ability to think originally, but I believe my thoughts come from a source of clarity, intuition, and altruism that would make it less likely to place your capital at risk in poorly conceived companies. (I have made that mistake once and lost my small fortune, so I won’t ever make it again).
Not as any firm commitment but rather a virtual head count, if you or someone you know might be interested in joining me in a potential venture capital fund targeting emerging technologies in anti-aging, diagnostics, stem cells, and alternative wellness creation, please send an email to drpark@rechargebiomedical.com and if you feel comfortable, add a theoretical amount you might want to commit.
If there is sufficient interest, you can believe that I have no shortage of interesting companies that we could help to get off the ground and eventually benefit from when exit events occur. I have been asked many times to take part as a scientific advisor and always said no. Perhaps now is the time to start saying yes?
POSTSCRIPT:
What would my VC fund look like? You can’t get what you want until you know what you want, right?
If I could have an ideal situation, it would look like a $60M capital fund, investing in 8-20 early stage companies, to include 12-20 limited partners (investors) at a 2% management fee, and 20% carried interest (profit sharing).
So let me know if you want to put some capital to work in curing aging like billionaires such as Mark Zuckerberg and Priscilla Chan…I’ll be we can do it more efficiently and with better results by avoiding some of the nonsense and groupthink that created such debacles as Theranos.
PPS: I just got my email last week saying they were out of business. That is the kind of investment we would be avoiding, I hope.
1 thought on “Dr. Ed Park, Venture Capitalist?”
Yes Dr Park. Love to invest in your Venture Fund. But will it be accredited investor only?