Are you prepared to realize that after 10 years and many millions of dollars later you will be unable to even try to sell whatever you were researching?
You are at the mercy of the FDA. You can expedite this a bit by going the medical devices route instead of developing therapeutics or pharmaceuticals for instance, but it will still take you years to go from R&D to market. If you ever get there.
This is why phony genomics software platforms are all the rage today.
but there are biotechs that can get funded on an order of magnitude of tens or hundreds of millions. If Vision Fund at scale can't make risky investments work, who could?
Again, you are completely ignorant of this space. Biotech is not the same problem. You can't just throw more money at it and expect to see results like you can in a growth market defined by first-mover advantage and outspending your competition. Biotech is insanely risky, as is any other scientific endeavor. It is science and experimental. It is not a chat app, real estate scam, or overpriced juicer. The comparison makes no sense.