You are listening to the Draper Fisher-Jervinson Entrepreneurial Thought Leader Seminar,

brought to you weekly by a Stanford Technology Ventures program at Stanford University School of Engineering.

We are thrilled today to have Michael Goldberg here.

For those of you who don't have a handout,

who are listening to podcasts or watching online, I just want to let you know that Michael is a partner

at More Davidel Ventures. He has a very extensive background as both an entrepreneur and

an investor. And we're going to hear a lot more about this during this interview. My plan is to

interview him for a good part of the hour, but I will certainly leave time at the end for

everyone to ask questions. So Michael, I want to start out with a little bit about your background.

It's really interesting. We're looking at a room full of students who are probably mostly

scientists and engineers,

and you studied philosophy in school.

You studied philosophy, and then you got your MBA.

But now you have become an expert in life sciences and have been involved in life sciences in many different roles.

At what point did you decide to specialize and how did

you do that since you didn't study this in school?

Well, I guess since I went to Stanford as well, the purpose of a great education is

to learn how to learn. And over the course of the next 25 years of your career, which is the duration that I've been out of the business school,

I've had to relearn lots of things.

And some of those things were a little far afield from what I was trained at before I got to them.

My interest in life science has really had to do with trying to pick a career

that would put me in the path of progress over the course of it. And biotechnology was just beginning

...