New York Times “Venture Capitalists Return to Backing Science Startups”
November 4, 2014
After years of shying away from science, engineering and clean-technology start-ups, investors are beginning to take an interest in them again, raising hopes among entrepreneurs in those areas that a long slump is finally over.
“We’re trying to revolutionize pesticides,” said John Sorenson, a former genetics researcher and Vestaron’s chief executive, who for years struggled to find investors as he watched other start-ups, like Snapchat and Square, raise many millions of dollars. Vestaron finally closed its third round of financing last month. “Thankfully, venture funders are starting to invest again in real, hard-core science and innovation,” Mr. Sorenson said.