Retro Biosciences Team Company pic
Sam Altman, Open AI CEO, is one of the investors who recently put $180 million into the new firm Retro Biosciences, which says it will add 10 years to a healthy human lifespan, starting with cellular reprogramming, autophagy, & plasma-inspired therapeutics
Retro Biosciences says the company’s mission is to increase a healthy human lifespan by ten years. “This will be intensely challenging and require substantial resources,” they said. “We are fortunate to have initial funding in the amount of $180 million, which will take us to our first proofs of concept, and secure operation of the company through the decade.”
In the US, around 90 percent of healthcare spending – over $3 trillion – goes toward age-related diseases and this trend is echoed throughout the world, explains Retro Biosciences. The deeper, underlying causes of age-related diseases are the untreated mechanisms of aging itself. By focusing on the cellular drivers of aging, Retro will design therapeutics eventually capable of multi-disease prevention.
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Sam Altman is so high on Retro Biosciences’ potential that he told MIT Technology Review “I basically just took all my liquid net worth and put it into these two companies,” “I have been an early-stage tech investor in the greatest bull market in history.”
And Sam Altman also had some encouraging words about the Silicon Valley Bank (SVB) collapse. The FDIC is now paying off all depositors with up to $250,000 with the bank.
“Investors who ask ‘how can I be helpful’,” he tweeted. “Today is a good day to offer emergency cash to your startups that need it for payroll or whatever. No docs, No terms, just send money. It’s hard for me to imagine depositors actually losing money here, but so stressful in the meantime…”
On Friday, Silicon Valley Bank (SVB) collapsed in what was described as the largest failure of a US bank since Washington Mutual in 2008 and the Federal government was forced to take over.
