STAT+: At Flagship Pioneering, the brazen venture capital firm that bankrolled Moderna, there’s a tolerance for failure but not for weakness
Not long ago, the name Flagship Pioneering was as likely to elicit an eye roll as a nod of approval.
The decades-old venture capital firm had built its reputation with access to billions of dollars and world-class scientists. But it was also famous for pouring money into companies with vague and impossibly ambitious goals. Few had yet proven their worth.
