Word: hybritech
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When Greene became chairman of Hybritech, Inc., in January 1979, it consisted of little more than a name and some rented lab space in La Jolla. "We had a cell biologist, a protein chemist, a secretary and somebody to clean the animal cages," says Greene, "and that was about it. We had $300,000, but it looked like we were going to run dry by August...
...small select club of moneymen, the eventual winner will be the entire U.S. economy. The innovative companies that venture capitalists find and then foster will manufacture new products, provide jobs and increase productivity in the industries of the 21st century. Today's startups, which have names like Hybritech, Thermo Electron and Collasen, may some day join Eastern Air Lines, McDonnell Douglas and Apple Computer as the success stories of venture capital. -ByAlexander L. Taylor...