Epstein stated his method of providing had been directed at attaining breakthroughs that are scientific. But their view associated with the present state of innovation ended up being interestingly gloomy.
“Frankly, Jeff, because the development of penicillin in 1928, there’s been no actually remarkable development, ” he said. “I’ve used the project that is genome and there’s plenty of hope. However in regards to a product that is real there’s probably nothing who has held more folks alive than penicillin. ”
Epstein had been fast to tell apart their approach through the course taken by other philanthropists, both dead and alive, quite a few with wide range that far exceeded their own. “The Bill & Melinda Gates Foundation does search for smart n’t people, ” he asserted. “Bill wants to cure polio. He desires to eradicate poverty. However in regards to discovering new theories of biology or some form that is new of, zero interest. ”
Epstein stated he additionally dispensed using the accountability that typically matches a grant. “When I’ve given cash up to a scientist, they’re often somewhat amazed, after which they say, ‘What variety of reports do you want? Will it be for a milestone from my grant that is next? ’ And I giggle and state, ‘No, the idea is, you understand your industry well.