In short
Podcast Summary: Genomes Unlocked: Anne Wojcicki's Vision for 23andMe and the Future of Proactive Healthcare
Episode Overview In this episode of *This Week in Startups*, host Jason Calacanis interviews Anne Wojcicki, co-founder and CEO of 23andMe, a pioneering company in genetic testing. They delve into the evolution of genome sequencing, the costs associated with it, and its implications for proactive healthcare.
Key Topics Discussed
- Cost Reduction in Genome Sequencing
- The dramatic decrease from billions to $99 for genome sequencing.
- Technological advancements and market demand as catalysts for cost reduction.
- Illumina's role in developing cost-effective sequencing technologies.
- Health Management Through Genetics
- Utilization of genetic data to predict and prevent diseases.
- The importance of understanding genetic variants that contribute to conditions such as breast and colon cancer.
- 23andMe's mission to empower individuals with health information for proactive management.
- Integration of Blood Testing and Exome Sequencing
- The role of blood testing in personal health.
- How 23andMe incorporates blood testing into its health initiatives.
- The significance of regular blood tests for health monitoring.
- The Curious Case of the Gila Monster
- Exploration of how compounds from the Gila monster are used in GLP-1 drugs for diabetes and obesity treatment.
- The intriguing relationship between genetics in nature and its applications in human health.
- Healthcare Policy and Paradigm Shifts
- Advocacy for a shift in healthcare policies to include genetic testing as a preventive measure.
- Discussion on the need for healthcare systems to prioritize prevention over treatment.
- The Future of Healthcare
- The potential of AI and large language models in healthcare to enhance predictive capabilities.
- The concept of "choose-your-own-adventure" in personal health management through personalized insights and recommendations.
- Drug Discovery Initiatives
- 23andMe's foray into drug discovery with a focus on genetic data.
- The high failure rate of drug development and the challenges in the biotech industry.
- The need for collaboration to bring successful therapeutics to market.
- Personal Health Management
- Emphasizing the importance of tracking health metrics over time.
- The responsibility of individuals to take charge of their health data and decisions in collaboration with healthcare professionals.
Conclusion The conversation emphasizes the transformative potential of genetic testing and proactive health management. Wojcicki's vision for 23andMe extends beyond ancestry into personalized healthcare, driven by data and technology. The episode invites listeners to consider how they can take control of their health and leverage genetic insights for better health outcomes.
Key Takeaways
- Cost of Genome Sequencing: Reduced dramatically due to technological advances.
- Proactive Health Management: Individuals should know their genetic risks to manage their health better.
- Blood Tests: Regular tests are essential for monitoring health and preventing diseases.
- Role of AI: AI can help integrate disparate health data for more personalized healthcare solutions.
- Drug Discovery: Insights from genetic data can lead to more successful therapeutic development.
Listen to the Episode For those interested in further details, you can listen to the full episode [here](https://www.thisweekinstartups.com).
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Links and Resources
- [23andMe](https://www.23andme.com)
- [CLA](https://www.claconnect.com/tech)
- [House of Macadamias](https://www.houseofmacadamias.com/twist)
- [Tech Domains](http://www.startups.tech/jason)
Follow the Hosts
- Anne Wojcicki: [Twitter](https://twitter.com/annewoj23), [LinkedIn](https://www.linkedin.com/in/annewojcicki)
- Jason Calacanis: [Twitter](https://twitter.com/jason), [Instagram](https://www.instagram.com/jason), [LinkedIn](https://www.linkedin.com/in/jasoncalacanis)
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This markdown summary provides an organized overview of the podcast episode, highlighting the major themes and insights shared by the guests.
Written by AI. May contain mistakes. Listen to the episode to check what was said.
Transcript
Automatic transcript. May contain errors.0:00There's so much to discover in humanity. You know, and that's where like, even people don't always realize like there's some people who genetically can't get HIV. Wow. That's mind blowing. They have a genetic variant and the virus cannot penetrate them. And that now, like there's a drug that's now modeled off that. Like if we study all of life and the genetics of life and why we have diversity, and that's actually why diversity is such an amazing and powerful part of humanity. It's like why some people have blue eyes or some people have dark skin or some people can smell things in a certain way or some people don't get HIV.
0:38Every single one of those variants in our genome is a story of our human survival. This Week in Startups is brought to you by CLA. Innovation takes balance. CLA CPAs, consultants and wealth advisors can help you get from startup to where you want to end up. Get started now at claconnect.com slash tech. House of Macadamias is the next big health trend. Get a free month's supply of macadamia milk with any order at houseofmacadamias.com slash twist by using code twist20. And.techdomains has a new program called startups.tech where you can get your company featured on This Week in Startups. Go to startups.tech slash Jason to find out how.
1:54People are taking them. They're talking about it at Thanksgiving and over the holiday break. And these things are evolving, right? The evolution of what 23andMe is offering has expanded greatly. And we're going to get an update on that from Ann Wojcicki today. And I suspect, Ann, with AI and this big revolution going on, all this data and some of the new offerings you have, something is happening here and coming together as you get into the second decade of this company, huh? Oh, definitely. Definitely. So many good questions and all of that. I mean, I think that the reason why we started 23andMe was, if you can almost look back to when Clinton and team came out and said, you know, the human genome has the potential to revolutionize how we diagnose, treat, and prevent all human disease.
2:42and the reality is we're getting closer and closer to that. And so as you have data, as you have massive amounts of data that you can actually learn from and understand, and now you have the age of LLM and AI, you're gonna really be able to predict and prevent, which is what I'm most focused on. It's like predict and prevent human disease. And I think coming as well as the biotech revolution where you will be able to use all that data then to really treat and develop novel therapeutics for disease. What technology's done to the cost of this is a major part of it. When it was George Church who did the first one, right?
3:22The sequence of the first human genome. Craig Venter. Craig Venter. Yeah, yeah, yeah, yeah. No, they wouldn't like you. If I said that, yeah. So I know a bunch of smart Harvard people did this. A lot of smart people. A lot of smart people were involved in the sequencing of the human genome. And George was definitely quite important there too. If I remember correctly, didn't this cost like well over a billion dollars to do the first one? Billions. Yeah. Yeah. And so explain to the audience, you know, like what happened in technology in just two decades that made it drop so precipitously that now I think you can do this for 99 bucks.
3:56Like it's basically cheaper than taking a Southwest flight. It is remarkable when I think on that initiative is like when you first start, you were just able to look at single data points in your genome. and you think about what one of the things that was you know really revolutionized around that time sort of the late 90s and early 2000 was the shotgun sequencing and the ability for you to sort of chop up your genome sequence these little bits and then the computation of like putting that together so imagine like a really really complicated puzzle and you got to put this all together so that's called these you know reference genomes and it became it was a very expensive initial project and as technology, like really largely thanks to Illumina, Illumina drove down the cost of sequencing and it came really from major technology innovations as well as volume and market demand for these services.
4:54But Illumina has single-handedly really been able to develop technologies, chip technology, where they were able to put a number of these, the known human variants on a chip and allowed people to test themselves. And 23andMe actually started when... There's actually another company called Affimetrics, but Affimetrics launched something called the 550K. And it was the first time you could actually get a whole genome analysis pretty cheaply. And Illumina came in hot and heavy and was able to drop down that pricing. And they've been able to continue to drop down that pricing. and they've actually now really aggressively dropped it for getting your entire human genome.
5:39And the fact that there are so many of these human genomes that were out there, you could have reference populations that you can make sure that you were building against, you know, it became very accessible for everybody. So people sometimes also get a little confused because we 23andMe genotypes people. So meaning we look at all of the known variable regions in the genome, but you can also now get your whole genome, or you can actually start to look deeper and deeper. And as we understand some of these harder to analyze areas, there's reasons for people to come back and actually test themselves again.
6:11Yeah, so this seems to be like a turning point. People, when they initially took these tests, it was a novelty. Maybe they were really into their ancestry. They wanted to know where they were from. And listen, people got a lot of surprises. People found relatives they didn't know they had. All that is just fascinating on a social basis. um but then i the promise was always hey we're going to be able to tell you you might have a predisposition to this disease later in life maybe here are some ideas of what you could do knowing that right and so when we look at both of those uh use cases uh the first one's obvious like i want to know where i came from it's super fascinating i'm sure you have some great stories there and people finding uh i mean actually there's been some really weird stories too people finding out that oh there's a lot of weird stories yeah there was some documentary and i don't know if it was 23 and me but i remember seeing this documentary of a doctor who was a fertility doctor who had essentially uh inseminated people uh our father yes our father yeah yeah yeah we are we are prominently featured in that yes i mean they are i mean people learn all kinds of interesting things like the the thing that's so interesting about your genome and and actually just i should take a step back the thing that's so interesting about genetics is it is the code for all of life so like obviously we're most interested in the human genome but my the the thing that's the the like what captured my my fascination with this in the early days was that you have these four base pairs like an a c g and t and different combinations of that can give you a fly or a banana or a tree or you know you yeah and and it's so interesting like how is it that like these different combinations.
7:57And in some ways, because we live in obviously this technological age, I look at this. I'm like, this is just a code. Don't we want to understand it? It's the whole code of life. And so it's interesting to think about your ancestry and your family and your connections and your health, but it's actually the fundamentals of everything about you, as well as everything about our common past. We all have a common past of humanity. Where did become from? How are we all connected? What are our common ancestors? Like I was pointing to my kids. I'm like, you have a common ancestor with the banana slug.
8:34Like you are like you, you, you, not, not just in the fact that you don't want to wake up in the morning, but like you are, you just want to stare at your phone and scroll TikTok. It's not just that kind of slug. It's not just exactly, exactly. But you know, we share a common foundation. Like all of life has a, that has a common history. And so that's what I'm so excited about understanding about. And I'm so excited for individuals to be able to learn about themselves. And the ancestry part is fascinating. Like, how did we evolve? Like, where are you from in the world? And, you know, how you could find connections that you never thought about.
9:13But then also, well, how do you actually live as healthy as possible? Like, we all want to be, I mean, frankly, I look at like in the last week, because you have Churchill and you have Charlie Munger. I want to be like them. Isn't that amazing? 100 years old and 99 and 11 months old. So essentially, they were 200 years old. Between them, it's incredible. 100%. And I look at that. I was like, they were still planning meetings. They were still like, I want to be that, as vibrant and as healthy as possible. So what do I need to do? And if there's risk factors in me, if I have an important risk factor that I need to take medical action on or I need to change my lifestyle like tell me tell me and I will be proactive and I'll do that what are the things I want to get into science fiction so I just put a note about you ever see the movie Prometheus with the alien series maybe not okay oh the pop culture wise what you just described is essentially this guy from Prometheus uh Wayland who runs the this enterprise basically to go find out who the engineers are and it's going to blow your mind just how great really scott was at taking what happened with the genome and then putting it into science fiction because he basically goes and tries to find who created the aliens you know like the crazy monsters from that and then also oh wait they also created the humans oh and they were terraforming planets it's just mind-blowing but it does make us wonder when you start doing the genome and then you start putting in like ai which seems to be recreating in some ways consciousness which we'll get to in a minute but it feels like they're trying to unpack exactly how human cognition works which is super mind-blowing like it's almost like we're on the precipice of figuring out something very fundamental in our lifetime all right everybody steven estes is a principal at cla clifton larson allen's a professional service provider that specializes is in CPA, Tax Consulting and Wealth Advisory.
11:10Welcome to the program, Stephen. Thank you for having me. Maybe you can talk a little bit about private equity versus venture. You work with both types of companies. We're seeing some startups that maybe venture capital aren't as interested in, but private equity is very interested in. So how do those companies generally operate differently? To some extent, venture capital and private equity both serve the same primary purpose, right? We're looking to expedite a company's growth, but maybe that's kind of where the similarities can end. VCs are looking to maximize the company's value. We're trying to grow that top line revenues, whereas PEs can be a little bit more focused on taking an active role within the company, growing a sustainable and profitable business.
11:47I mean, a lot of different PEs out there, some that are just looking to maintain a 20 % or 30 % stake so that the founders still have enough skin in the game and they're actively involved, whereas others want to have control. And all VCs are not created the same either. But I think the most important thing for founders is to not limit their options or considerations to one or the other, right? There's a number of ways to grow a successful business. And it's important to consider what each route is going to look like at the end of the day. Get started right now at claconnect.com slash tech. Let them know your boy, Jake, how I sent you.
12:20claconnect.com slash tech to get started right now. Do you ever think about that? Like, is there going to be some fundamental tipping point here where we understand things that we didn't ever think we could understand and what those things might be? Well, I, you know, my, I mean, I love these conversations. So my father was a particle physicist. And we used to talk about the intersection all the time of physics and biology. Like at some point, as you understand subatomic particles and understand prediction, like at what point could you really understand all cellular function and predict outcomes?
12:59And the thing that I love about science, and I always try to get kids to think about, is like, there's just an endless amount of open questions. And for us to ponder, like there is, like where it's all connected in some way. You know, the world of physics and what my dad was studying and the search of mass and neutrinos. And, you know, again, we just had this memorial and I was with a couple of friends, like talking about the neutrino world. And like, they're all over, but they don't interact with any of our cells. They don't interact with the earth. Like they don't like, like what, but how is that connected?
13:33What is the purpose? What is the purpose? And why is my dark matter? What is it doing out there? Yeah. Right. But I think that there is going to be a world where at some point you will be able to understand the very basics and the foundations of, you know, how, how the world, the universe really is working and then how that actually led to all of us. I think that's going to be far off, but I do think that there's a lot of really phenomenal discoveries happening in very basics, whether it's in physics and in chemistry. And then I think also that brings in the whole world of large language models and the ability for you to predict things now like protein function and for you to predict, you know, variant resolution.
14:19So understanding what a particular mutation is doing, like that's, you know, that's going to be the fascinating world. And I think understanding the one thing that I always have a huge appreciation for is just how complex the human body is. And so your ability to predict all those different interactions in your body and exactly how that's turned into you is just like such an exciting and interesting problem. What have we learned in terms of healthcare? let's get back to this pursuit of if hitting 100 years old or 120 we we seem to have in terms of lifespan in the western world um the things that kill us seem to be self-inflicted diabetes you know smoking opioid suicide it's almost like we're the the the limitation now has been the the surplus and and the abundance we have in society in the west is kind of like capped us out whatever it is 76 or 77 year old average lifespan but you do see people who have access to health care and some of these new technologies and maybe some thoughtfulness really starting to live to 90 100 but also as pedia what is his name atia sort of talks about health span yeah and i think that might be the big unlock is that like hey 80s and 90s you could actually be like charlie munger and doing q a's with you know world's smartest people asking you really challenging questions and be witty and and be there and not like be a vegetable so what have we learned uh from this or what have you learned in the company from the last 17 18 years 14 15 million people doing this that applies most dramatically to health span lifespan and just living a better life like what what's what's been accomplished here well i think the first thing that's really um almost the lowest hanging fruit is you have certain genetic variants like BRCA mutation or Lynch syndrome, which are sort of well known.
16:15So BRCA mutations can make you high risk for breast cancer and a number of other cancers. Lynch syndrome can make you high risk for early colon cancers and other conditions. What always saddens me is that genetic testing, despite being a 20-year-old technology and despite being very affordable is not a universal part of any healthcare system. And it really should be. And there's all kinds of really important genetic variants that every single person should know about today. So for example, all your cancer risks. If you have a BRCA mutation, you should know about it because you can be proactive about doing a mastectomy or about screening for cancer.
17:04And if you Lynch syndrome, you should be proactive then about colonoscopies. If you're high risk for something called factor five, and that means for blood clotting, you should be proactive about how you are flying and make sure that you're wearing compression stockings or moving around when you're on an airplane, I can go through a whole list of genetic variants that are important for people and their outcomes. And so the easiest thing for right now, when I think about people increasing their health span is about avoiding preventable deaths. And so right now there's a lot of people who have a condition where they could really manage it and they are not getting access to that genetic information through the existing healthcare system.
17:51And largely in part, because I think it's just, it's not part of the reimbursement system. It's not part of the education system, but through 23andMe and through other groups out there, you have access to it. People should get access to it now. And I think you're going to be able to prevent a big number of preventable deaths. I think then you do have a lot of conditions like heart disease, obesity, et cetera, that have an environmental component as well, but there are genetics with that. So understanding the genetic components there, I think it will help people be able to also manage that, manage their lifestyle, understand, for instance, like with all these GLP ones now, who is it who actually really should be proactive thinking about that before they end up having any other sort of serious health consequences from obesity?
18:35Like, how do you actually help use those therapies and get it to people at the right time? It's super fascinating when I hear you talk about how obvious this is. It reminds me, i don't know if you've ever read about like um the the introduction of the seat belt uh you know and the shoulder belt and like airbags like we had these things so many years earlier than we actually implemented them and it's like we have people driving around in cars and we could easily put an airbag and a shoulder belt in them and save a hundred thousand lives a year whatever it is and oh by the way it costs 99 or 199 whatever it costs and we're not doing it as a society is there any society out there that's you know i don't know smaller affluent nordic country that just said you know what everybody in the country is going to have this as a uh offering for free as part of their universal health care has anybody made that jump yet canada norway i don't know i think the closest is actually in the uk the uk has a couple initiatives they have the uk biobank and they have um a new initiative called the um um um the our future health and that you know uk biobank has half a million people and our future health is 5 million people.
19:46And so they talk about returning those results to individuals. The US has an initiative as well to get a million people, but they have not returned results yet. I think there's a couple of things. I think one, the healthcare system is not well set up to fund prevention. And I think a lot of physicians are also not trained on how to use genetic information. So if you think about if I find out that you're higher risk for something, how is it... All those costs, for instance, let's say you're higher risk for colon cancer, and I'm going to go and do proactive colonoscopies on you. The way the healthcare system works is they're going to look at what does that cost of preventing versus just treating you once you have the disease.
20:35And also because not everyone's going to develop the disease. So one example in particular was for factor five, which is the one that makes you higher risk for blood clots. So any woman who is taking an estrogen-based birth control, if you have the factor five mutation, you're higher risk even with a blood clot. so if you ask companies like well why don't you pay for people to get tested for factor five and actually screen they'll say it's just cheaper to treat people once they have a blood clot than it is which is true you know like that's part of the issue with population-based health care and like there's a limited number of dollars and frankly i think that's why 23andMe is a believer in both an insured covered world but also a self-paid world so people should go and get this information on their own proactively, if you are a carrier for factor five, your physician and the medical world then has an obligation to use this information and to integrate it into care.
21:38So for instance, if you found out you're for a factor five and you take that then into your doctor, you're going to have a different triage for pregnancy, for taking oral contraceptives, you're going to have, you know, probably a different type of oral contraceptive. So you would then have that triage in. And so 23andMe has always been an advocate of people should have the ability to get their genetic information on their own. It's a self-pay, but you can be part of an FSA. Like you can pay for it in different ways. But once you have that medical information, the power is in your hands to decide how you want the healthcare providers to use it or potentially to not use it.
22:14But then you have that ability to say, yes, I want, I have a BRCA mutation. I have a factor five. I have, you know, familiar hypercholestremia. I need now to get into the system and I need to be proactively managed. Okay, I got a funny story to tell you. House of Macadamias graciously sponsored the All In Summit. And to wow the crowds, they created a special edition salt and vinegar pack of macadamia nuts. And guess what? People went crazy for them. Dozens have been messaging the founder, Brandon, asking him to make the salt and vinegar nuts available on the website. Listen, you've heard me rave about the health benefits of macadamias.
22:51but don't take it from me. The most health conscious people in the world are eating them. Dr. Andrew Huberman, I like his podcast. I started listening to it. He mentioned he snacks on macadamias in his GQ profile and that guy, Brian Johnson, he was on the podcast when he wasn't a health lunatic. He's trying to reverse his aging and he eats macadamias. So all you really need to know, House of Macadamias products are delicious and they support good health. My favorite, dry roasted chocolate dip macadamias. You know, I get my chocolate dipped in there. And they also have a dipped snack bar. So I put a couple of those in my backpack.
23:25I put a couple of them in my little roller so I have a healthy and delicious snack. I make a better decision. Listen, if I had a candy bar, which, you know, sometimes I break down and I buy one of those. Not a good choice for me. Now I make a better choice. House of Macadamias. They got a new product, Macadamia Milk. Get a free month's supply of macadamia milk with any order at houseofmacadamias.com slash twist. That's a free month's supply of macadamia milk with the code twist20 at house of macadamias.com slash twist. It does feel like consumers are now starting to do this. They're starting to look at the healthcare system and say, hey, there's things I can do on my own proactively out of my own pocket that I want to do.
24:06And then there's this other thing, you know, whatever I'm covered for. And, you know, um, that, that does seem to be a really nice trend that's occurring. I noticed this when we were looking at investments in healthcare and we made investment in a meditation company calm and everybody was like this will never work and then millions of people actually signed up because they just wanted to use this as a solution and it wasn't like the medicare the medical system in america is going to pay for people to go do meditation even though that could have a really great impact on them it's just a backward system i guess where but if the price comes in yeah it's weird well i mean i think about like i remember asking people like look at the end of the day like why isn't something like weight watchers or calm free for every single American.
24:49Yeah. Like if it's such an issue, and it should be. And I think that that's part of an issue is like, we just don't have incentives that are aligned. You know, the healthcare system is full of really great people who, you know, are there to take care of patients and care about individuals. But fundamentally, the system pays for services once you're sick. Like if you're not sick, people aren't paying for it. So I have a friend who ran a diabetes prevention center and she's like, oh, I'm reminded every day that that's a cost center, that we only make money treating diabetes. We don't make money preventing it.
25:25And so I do think there is a really important role. And I think consumers are actually used to this now. They are used to saying like, hey, no one's paying for my yoga. No one's paying for my$45 SoulCycle class. You have to take ownership. And I think prevention is something that is largely in the hands of the individual. And you have to be proactive. But the thing that has been important for me to realize with 23andMe is that I need to help my customers know when do you go into the physician. So for example, and that's actually part of the reason why we bought a company called Lemonade that has a physician group and we hired a really impressive physician lead, Nora Abul-Hassan, who ran genomic medicine at Cedars -Sinai.
26:11and how we actually are going to deliver genomic medicine to all 14 million customers so that people can get their information, they can self-pay, they can get it from us, but that they now have this ability to go and actually get physician advice when they need it. And also recognizing that most clinicians today or most healthcare practitioners are just not trained on genetic information. So if you have something like you want to prevent chronic kidney disease, where do you go for that kind of information, we will become that that best source for it. And then they can help guide you to say, Okay, you want to be able to take medications that are going to more proactively manage your blood pressure.
26:52Here's actually how you should do it. And then you can kind of go back and forth between a self pay and a covered world. And there's also blood testing that fits into this because I saw that you now have a subscription model. Yeah. What is it called? total health total health is it exome sequencing or exome it is an exome good job yeah exome yeah you actually say the exome yeah exome really looking at all of your genes so it's kind of going deeper so it's not it's not the whole genome which sequences a lot of regions that are are less likely to be as clinically relevant and there's still some cases where a whole genome makes sense but for again we're kind of stepping up more and more into that clinical world as well as what is financially feasible for most people.
27:35And an exome at this point in time will get you a lot more information that will supplement what you get from 23andMe, but it's going to have a deeper clinical sequencing. So we don't, for instance, test for all the BRCA mutations, but we do a very comprehensive scan across your entire genome to see if there's potentially variants that you have that you want to follow up on. But if you came and you told us that, you know, I'm not of Jewish descent, but I have this family history of breast cancer, we would then recommend and say like, yes, you should get this exome. And what's interesting, actually, even with total health, like part of it, I mentioned my father who just recently passed away.
28:18A lot of, you know, we've talked about doing an exome for a while, but I actually realized this even with my father who had a heart condition and was being treated at a facility that was, you know, that's amazing. We got great care. I'm obviously like very adept at genetic information. I'm a good daughter to have. I'm a good daughter to have. doing your advocacy. Exactly. Yes, I know. I always have to apologize to physicians. I'm sorry that we're so aggressive. But even still, it wasn't until a week or so before he died that I said, I need to get a whole, I need to get an exome on my father. And even though his clinician is also very adept at genetics, no one had ever asked, but it actually turned out that he had a mutation that was actually the fundamental foundation of a lot of his heart conditions.
29:17And if he had known that 10 years prior, he potentially would have had a different outcome. And that to me kind of like honed in why everyone should have something like total health or an exome is that you, even if you're getting great care, like everyone still just needs to have the fundamental information and there's a lot of things that a lot of actions that you can take now to have better health care outcomes and the information we had 10 years ago has really evolved quite a bit and just in the last decade just in the last decade and that's actually like that's also like when i think about llm what's so exciting is the ability and again the reason why we have a subscription model now is to keep you updated yes like to keep saying it's like okay next year, maybe we have discovered something like, Hey, we could, and more and more, it's getting into that world of lifestyle.
30:12And what's super exciting is like the world of like sleep. You know, you mentioned calm, like your stress levels, like, what are those things that most impact you? Like my kids, like I'm a total night owl. Like, how does that impact when I don't have enough sleep? Do I should I be going to bed earlier? Like, how do I live my life? And are there is there coaching that I should do that's going to better impact my health outcomes. And I look at that example as something like a heart condition, there's a lot of lifestyle factors that really would have influenced for him. Yeah, see, this is where it gets super interesting.
30:44It is this blood testing plus lifestyle changes plus quantified self. All of these things have been at entrepreneurs like yourself, or Alex from calm, or this is coaching company found bio that I've been using. Yeah, yeah, kind of interesting, like, you know, kind of taking what Peter, Peter does um which is absurdly expensive and for the 0.1 percent of society maybe saying hey can we get that to the next 10 kind of like what you did with yeah you know 23andMe is like how far down you know this bell curve of adoption can we get this stuff but it's all got to come together and this is the thing that i find insanely frustrating i have my weight information i have my prescriptions i have my steps you know apple watch calm meditation eight sleep aura everybody's got all this different disparate data pools and i'm just hoping somebody and you know maybe it'll be 23andme with you know the subscription service can start to put that together and then connect coaching to it because if you were to look at the average general practitioner in america you know really hard-working people as we know overwhelmed in many cases is a very difficult job the system is you know just hard for them to be part of the health care machine of them what percent do you think have a well what you would you would describe as a great knowledge of how to use genomics and blood tests to give people great advice like actionable advice what percent are you know have had the time to be educated enough it's so hard now i mean i think I mean, even answering, and I realized I didn't answer your question on blood.
32:27I'm always surprised. Like, when's the last time you did blood? Did it in the last year because I'm on this bit of a health care without bio, right? And I'm 53 now. This last week was my birthday. Oh, happy birthday. Thanks. And I'm trying to get in the best shape of my life, my adult life, in my 50s. Because I'm like, you know what? After reading about health span and all this stuff, now is the time, I think, right? Your 50s is the time to super invest in it. So any test that's available, I'm taking. I'm going to join your total health thing and get that 360 going.
33:02We're back with another segment of Pitch It to JCAP. .tech domains is giving Twist listeners the chance to show off their startup right here on This Week in Startups. So go to startups.tech slash Jason to apply. It's only one rule. You need to have one of those amazing.tech domains to get featured. And this week, I'm going to tell you all about Photonix. Photonix.tech is an ag tech startup focused on reshaping the way we approach farming. Photonix has AI-powered cameras that help farmers address critical challenges like early detection of plant diseases, identifying optimal growth conditions, preventing food waste, and smarter resource allocation.
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33:42All of this data empowers farmers to drive resource efficiency, sustainability, and profits. So here's your call to action. if you want to be featured on this week in startups, like we just did for Photonics, you can go to startups.tech slash Jason and apply today. That's startups.tech slash Jason and fill out the form to apply. I'm always surprised like most people don't get regular blood tests. I have Hashimoto's. So I take, I take thyroid pills. And so it means I don't make enough thyroid. So I have to measure it regularly. And with each pregnancy, it dramatically changed. and I've had to adjust the dose.
34:18So I get blood every six months. And I'm one of those people, like I just, I get the order, but then I check all the other boxes. Like I just want everything. Why not? Well, it's interesting. And it's interesting. So I have also like 20 years of tracking in and I can see different things. But things like my hemoglobin A1C, you know, because we have a family history of diabetes. And I remember my doctor calling me once and she was like, what have you been doing? And she's like, your hemoglobin A1C is so high. and I was like really and I was like well the only thing that's different is like my like 23 and me we started stocking this really delicious aloe water and I was drinking like 10 to 12 a day and she was like 10 a day I was pregnant I was like they're really good she's like you need to she's like you need no more aloe water and it was interesting how much like just like one obviously like I was able to catch it quickly.
35:14Secondly, I could change my diet. You know, when I cut out carbs and I like cut out more sugar, I was like, it could drop so much. Like it was so empowering for me to see how much was actually in my control. And that I could like, I could make things like I could definitely have a high hemoglobin A1C if I want. And I could make it low if I want. Granted, not everyone can do that. But being educated, like not people, most people don't even know about the hemoglobin a1c there's other things that are really important like you know lp little a which is obviously like it's really important for heart disease there's also therapies that are being developed out there for that now knowing your cholesterol like so many important numbers for people to know and i do think it's that going to your question then about the physicians it's really hard for a physician to keep track of everything it's too much those people don't have have a, you know, continuous relationship with a physician.
36:09So one thing I always encourage people to do, like I do keep just a Google spreadsheet of all my blood tests I ever get, like keeping a sheet yourself so that I can then walk in. And I now, like I said, have 20 years of data where I can see how my thyroid has changed. And I can track that I can see my hemoglobin A1C and how that's changed. Like you need that information. And it's not on the physician. It's not on the healthcare system to do that. You are going to have to do that. So 23andMe is definitely also thinking about how I pull in all that information from you. How do I pull in your various medical records?
36:43How do I pull in your medication history? And then you're wearable. How can I help you also track and say, hey, when you haven't been feeling good and you're anemic and you're not sleeping as well, this is the type of outcome. Those insights are going to be so exciting for you. So when I think of like the future for us and data and LLM models, it's going to be about like pulling in all of that data, plus your genetics, plus survey information of like, well, how are you feeling? What are you doing? Like, and then really being able to help you manage with all of that information, because people are overwhelmed with all of, you know, the different data points coming now, and help you know, like, really what you should do.
37:23So this is where, you know, at some point you'll go to 23andMe and you'll just be talking to some AI, right? And you'll ask it like... Yeah, I mean, it's too much for any one clinician. Like you realize that like it's overwhelming amounts of data. So AI and LL, like it's so exciting what can happen there because you'll be able to help. You'll be able to keep track of everything that's happening. And then the more and more we'll be able to train models based on all the data that we have with respect to lifestyle, which frankly is like i think a missing piece from the sort of like the traditional health care system and the traditional research that's funded but how do we actually leverage all that environmental lifestyle information and then give that into a score really for you i did the pre novo or prenuvo yeah i did the prenovo i did the blood test there's a blood test for cancer screening yeah i just tell what's the name of that one grail yeah so i did that one uh knock on wood no problems and uh you know but when i when i did this pre-novo and i started talking to physicians i had two different physicians at the time was like kind of overlapping they all gave me the same camp response which is like well you know you could find things in there that could be something or you could find things in there that are nothing and it's going to give you anxiety and i'm like yeah no i i read that i did a google search right right you know i i i have that piece that i have that stump speech and i was like how many of these tests have you actually gone through with your patients and do you do them over time and just no answer and listen we're in the bay area yeah you know people of means have having access to this i'm not price sensitive to paying a doctor for an hour to talk to me um and they don't even these are great doctors awesome love them but they're not educated on this and then i saw vano was treating and he's like i think you know for the 95 percent of interactions with a doctor right now chat gpt could do a better job than, you know, maybe what's already happening.
39:16I don't know if I buy that, but it does seem like they're going down like some decision tree heuristics and opening a book and then repeating it back to you. So this, I think individually led healthcare is going to ultimately be the solution. I think you believe that as well. Individuals have to take control of this. Well, I think also, I mean, you talk about ProNuvo and others and I've done it as well. Like, we are really, we are definitely on the cutting edge. And so, you know, one of the things that is very true with healthcare is like, there's not necessarily guidelines, like, how do you actually use all that information?
39:49And I think that healthcare functions a lot based off, you know, what are the guidelines? What's the protocol? How should you do? It's all very evidence-based. So we're in a gray zone, like there's not necessarily great. So I've taken something like Prenuvo to say, I'm going to do it yearly. Me too. And I am going, what I'm looking for is not necessarily, okay, like, oh, I have, you know, you have this bump, like my knees are degrading, my spine. Super depressing. You're getting old. Exactly, exactly. It's all breaking down. I mean, what you want to do then is like, see, is it, is it changing?
40:23Like what in your body has changed? So what I, again, it's kind of when I think about my blood and how I track that, what I'm looking for is, is the change over time. like if something has been stable and consistent that's probably okay um but if i want to you know you're all going to find nodules so you're going to find nodules you're going to find things that look unusual you're going to say like hey your spine has these kind of issues like the for me like spine information was good like you see i'm like standing straighter now even just talking about it yeah knowing that my c4 c5 like i need to just be aware you know and i think looking at like the different nodules that I see in my body and then tracking, like it's exciting because I feel like then I can prevent, like if something pops up, I don't want to come when it's already too late and it's causing problems for me, then I can be proactive.
41:14And I do think that having a clinician or a clinician that's educated about like, Hey, you don't overreact to everything. And I think also that's where genetics is going to be interesting to say, okay, well, are you higher risk for pancreatic cancer? Are you higher risk for these other conditions? And then what does that increased monitoring look like? So, you know, I think more and more, there will be a world that again, a smaller community of people are pioneering, which is about really proactive, you know, prevention. So you can get all this information, you can be really proactive. And I think that the medical world in the more traditional way is looking to say, okay, well, does that actually improve survival and outcomes?
41:55i'm curious your thoughts on these glp ones um they have it seems like every time they do a study they're like yeah we can stop this study because it works so yeah they do a study on alcoholism they're like yep this helps with that wait diabetes it just helps with everything i did it uh lost maybe 20 plus pounds on it and had lost wow congrats well yeah i'm down 40 pounds but the first 20 was just fasting and going more keto and doing all that tim ferris kind of stuff and then the the second 20 which were kind of like the hard pounds just all will go via ozempic and it just works like magic um it's pretty amazing so when you've seen this like revolution all of a sudden happen go from people with diabetes to civilians people who are obese and then even people who maybe are just having like a sticky kind of final 10 pounds or whatever this is going to have a dramatic impact and why did why did we just figure this out now it's like one of those interesting things.
42:52There was actually, you know, this is a little bit of a lesson on healthcare for everybody and biotech industry. So when I was a biotech investor, back in like 2002, 2003, there was a company called Amelin, which actually sold to Amgen, I believe. But Amelin, I remember the CEO at one point telling me like, they were the ones who were originally pioneering the GLP ones, which come from the Gila monster, which is fascinating. And it was the first time I remember coming and saying like wow the gila monster is like has a role in healthcare monster i've never heard like a um it's worth like you should go and look at it it's like a lizard it's fascinating i'm looking at it right now g-i-l-a monster yeah yeah yeah it's a literal lizard yeah yeah yeah but that's where like people found it like researching the gila monster like again going back to my point like we're all connected like the variants of like genetics and life like Like the secrets are all around us and the solutions are all around us.
43:50Like we want to study everything. So again, it was like back, I mean, 20 years ago or now, like talking to the CEO and talking about how they were developing the GLP-1s for diabetes, but it was going to be useful in obesity one day. And I always think about that. It was like, okay, it took 20 years and that first drug had side effects and others, and then they kept reformulating it. So like 20 years ago, I remember definitely thinking like, oh, this is going to come and it potentially could be useful in obesity it sometimes takes that long in biotech like biotech is complicated like you're dealing with the human body and that's where again the potential of llm and predicting side effects predicting like what's the right kind of drug to design so like the idea was there 20 years ago i just pulled up this thing about i thought you were talking about like some esoteric biological term when you were like oh the gillemunster and i'm like typing in hi and you're talking about the gila monster it is a venomous uh lizard if it bites you you vomit it's not fun it's and then in the venom yeah they found that there was some uh some compound yeah that helped you metabolize sugar yeah hey isn't it so cool i'm just telling you bizarre i mean i'm gonna go get a komodo dragon and see what that does for me maybe i can run a six minute mile if i can get the venom of a komodo dragon those are my favorite of all the crazy things still on the planet saltwater crocodiles which i don't know if you've ever seen one in person no terrifying yeah like you see this and there are two moments in my life when i thought wow this is going to be a horrible but quick death uh one was seeing like a 15 foot saltwater crocodile on the beach in australia i was far enough away that was no threat but these things look like and like you're like okay that's like a tyrannous might as well be a tyrannosaurus rex or phylliselloropter you're dead and the second was in tahoe biking at uh sundown alone which you should never do and i come around the trail and there's a mountain lion on the trail oh no way wow like 10 feet away from me and i'm just like well that this is how it ends like this mountain lines you think are not like these big creatures this thing is giant it's like it looked like a pony wow just stared at me for five seconds and it just decided i'm not hungry and walked away wow it's like the longest five seconds of my life but all this stuff goes back to yeah we all came from some common humanity like it's you know there was that um article or there was that book you know why elephants don't get cancer you know there's i don't think that was the exact title or why elephants don't get ulcers um but like there's so much to discover in humanity you know and that's where like even people don't always realize like there's some people who genetically can't get hiv wow that's just they have a genetic variant and the virus cannot penetrate them and that now like there's a drug that's now modeled off that like if we study And again, the whole purpose here is like, if we study all of life and the genetics of life and why we have diversity, and that's actually why diversity is such an amazing and powerful part of humanity.
47:07It's like why some people have blue eyes or some people have dark skin or some people can smell things in a certain way or some people don't get HIV. Every single one of those variants in our genome is a story of our human survival. survival and that's why we want to study it and it's all good it's like helps us all understand how we can all be the best that we can be it's so it's so exciting and even again looking at like the gila monster like that's so cool like we can learn not just from other humans but from all of life that's out there and things that are pretty gnarly like you would be like well there's nothing to learn from venom that's gonna kill you and melt your you know muscle tissue it's like oh know there might be something actually in there it's almost like god's pointing like hey check this out i mean i'm an atheist i think people don't realize like taxol like which is a cancer treatment comes from a tree what like trees incredible trees are also like there's venomous trees like there's like or i don't know it's called venomous but there's poisonous trees like yeah there's so many cool things that you can learn from the world and and there's a number of products that we all take advantage of that actually came from you know other animals and other life that's out there.
48:20So we can learn a lot that way. And a lot of our products today, we just don't even realize that come from that. It's kind of like when you start getting towards this stuff, you start to believe that there is a higher power at work. And listen, I'm an atheist, and I kind of don't waste too much time on it. But it's like, wait a second, somebody did architect this? Yeah. You start thinking about that, you know, Gila monster or some of these things, you're like, okay, there must have been an architect. There must be an engineer somewhere in the cloud. I don't know if this is a simulation. You know what I feel like sometimes, like remember those books when we were little, like choose your own adventure?
48:55Yes. And you get to pick, like, I feel that way sometimes. Like there's like the clues are all there. We're just trying to pick them up. And like there is a solution somewhere. But my dad used to say that too, like when we would talk about these things, he's like, listen, the only thing that is so fascinating is how complex life is. Like it's the chance of it all... coming together and working this like is that the higher order like but it's just so it's it's so phenomenal and the fact that there are these pieces and the clues all over and that's why i just get so excited about all aspects of science it's like it's all these clues coming together it really is and this is where like the language models in year one like literally this week was the week where chat gpt 3.5 came out and you just think about what happened in 12 months people are taking pictures of you know tumors and people are uploading their prunovo and their blood testing and they're getting some value from this now obviously don't trust it the thing hallucinates it's imperfect but it could kind of point you to clues so now the silicon that we made is going to point us to more clues that we were finding through you know decade-long experimentation and research and people in the field you know collecting specimens and bringing it to laboratories is back to that these glps what do you think the impact is going to be because they feel like yeah make your own do your own research audience but it's uh i have to say this has been life-changing for me and i was at a poker game and i was i've been very open about it after about two years i started talking about because i didn't want to influence anybody to take this stuff talk to your doctor obviously i'm not a doctor don't take your don't take your medical advice from a podcaster or an angel investor there's better people to give you advice but now that i look at it i mean i was at this uh dinner and maybe like three of ten people were on it i was at this poker game four of nine people were on it like this is really spreading quickly and having a dramatic effect and it seems safe so yeah it almost feels like a miracle but what's your take on this and where it's going interesting and kind of where i brought up like you know the fact that it happened in 2022 or the early 2000s.
51:10Yes. So it's been research for quite a long time. And I think that there is a pretty well understanding, at least of how people are using it and some of the safety and some of the side effect profiles on it. I think what's inspiring for us and part of the reason why, even at 23andMe, we ponder like, what should we be doing with this and how should our customers interact with it? The fact that you're seeing such a positive result in the decrease of heart disease. Or it was interesting one day, there was an article that came out and all the dialysis stocks were down because the use of GLP-1 is going to mean less dialysis in the future.
51:53And so it's, I mean, again, this is what's so interesting in healthcare. And again, like how, if you can successfully prevent people from having some of these conditions, you will have certain businesses that get hit and go away. But like the reality is with GLP-1s in the short term, the data so far is really supporting that people are having not just weight loss benefits, but broad healthcare benefits. And I think it's too early to say exactly what that true impact is going to be, but it's certainly like really exciting and interesting to track. And that's actually why I think about it, even for 23andMe, for people who have risk factors for certain kinds of conditions, how should they be thinking about this and using it?
52:40Well, now you have the doctors. So if you can find these obesity, diabetes traits in the genome, you got lemonade, the doc, is that it's called lemonade? Yep. You got lemonade could give actually people a prescription and work with them on it. And that really feels to be that to me seems like this chasm that just you could fill in and build a bridge across. Yeah. what your predispositions are, what prescription do you need? Right. And that's exactly why we got lemonade with this idea is that like, the biggest bottleneck our customers face is the translation of what to do with the information when they go into the medical world.
53:15So us having a team of trained clinicians who know what to do with the information, that they have that ability to actually also get your prescription, we have a pharmacy, we ship out same day, that they can do lifestyle, they can do, you know, behavior, and if they need a medication, for instance, proactively managing blood pressure, that we can actually be a partner with them in doing that. It's so interesting to overlay financial systems. So like there's all these systems at work and then you have the financial system, which is a bunch of lunatic traders trying to make sense of the innovation that entrepreneurs are bringing to market.
53:52And then I too was listening to like CNBC at some point and they we're talking about ozempic etc and everybody's shorting like tgi fridays or you know frito-lays pepsi and it's like you know what not a crazy thought because if this became widespread and the concept of being obese became like yeah it kind of like smoking like we grew up i think we're the last generation you and i gen xers who remember do you remember being on a flight with ashtrays in the smoking section? Or did you miss that? I don't know. I remember being... Yeah, 100%. I remember... Well, listen. I remember going on a plane when there was no security and that you did have...
54:32I remember sitting in the smoking section or sitting behind the smoking section and saying, the smoke is floating over the cloud. Literally, there's a cloud in the back of the plane and you're like, this makes no logical sense. Why on earth? And they're like, well, if we don't, then half the country smokes, so we lose half our customers so they're kind of reasonable but the same way now if you took one of our children and put them on a plane and people were smoking they'd be like what's going on it burst into tears they were like this is crazy it would seem like you're on another planet and i think that's like maybe where obesity goes like the idea that we had this 30-year delusion that like this is fine large and in charge you could be obese and all body types are valid and whatever Listen, I don't want to be a bully or cruel to anybody, but man, I wish people had bullied me more when I was overweight, please.
55:24There's real health consequences. And I think that the reality is it's going to become a choice for individuals. Like, you know, I think that there's going to be obesity that, you know, leads to like real health issues. Like there's some obesity that's not going to have health issues, but it will become more and more in potentially an option where people can look at it really as a, you know, condition to be. medically managed. And I do think, you know, you talk about the economics of the healthcare system. You know, one of my favorite things to do is always to point out to people is that you can actually buy ETFs in obesity.
56:01Like there's ones that are out there. And like, isn't that crazy? I always love going to nonprofits. I'd be like, Hey, you know, you could actually just like invest in obesity. Like you could go and say, And a lot of the banks put out reports saying like, hey, here's all the companies that are maximizing obesity. And I remember even in 2006, there was a bunch of drugs going off patents. And I remember asking people like, what's going to save pharma? And they're like, obesity in China. Like, that's what's going to save us. Hundreds of millions of people are following the West down the road to obesity.
56:36Exactly. So the reality is that there's all of these industries that are set up to support health consequences of obesity. And it is a dramatic shift. If none of those people ended up having, you know, chronic kidney disease, what are those businesses? Like there's definitely going to be some businesses that go away. And you see this, like occasionally there are big technology shifts in healthcare. And then that changes and that re-renders certain, you know, areas. like no one does an iron lung anymore everyone who was like big in the iron lung business is gone so like there's going to be some areas like that and i think the glp ones have that potential to be that disruptive that's going to be extraordinary so literally like what email did to fax machines like i we also are the generation that remembers like a line at the fax machine it's like this is amazing we can get these eight pages to new york or tokyo and we don't need to get put somebody on a plane and it's like now you think about it you're like really there was a line for the fax machine i tried to explain this to somebody up in the middle of the night to like make a reservation and in europe yes yeah you you had to yeah do that i was explaining to my daughter because i was buying tickets to a movie for tonight and i was like you know we what we used to do is we would go to the movie theater at noon look at what was available for the weekend and you you'd pick what you wanted to watch that night And if you got there at six o 'clock, you would pick from whatever tickets were left.
58:04And then we had this amazing thing where you had 800 movie phone and you dialed your credit card into the phone and then it didn't work and you had to start over. But it took 10 minutes, but that was 20 less minutes than go to the movie there at noon. So it was a big innovation. So where is this all going? if you were to look at what's happening in terms of chemistry the genome finance consumers taking this all together if we were to look you know because now you got a little bit of an arc here this is your career this is your chosen work yeah obviously i suspect this will be the less the rest of your life's work i don't see you pivoting out of this because it's just getting interesting now it's just getting interesting yeah yeah like 17 years of pain and suffering to get to this point I think, right, as an entrepreneur.
58:50Now you look at the next 17. Okay, so if we just say, hey, this is the halfway mark on your journey, where do you think this goes in the next 17? I so you're, you're right, like, it's, it's super interesting. And I do look at that first 17 years of the company almost is that pain of establishing, you know, a brand, establishing a mechanism to get people their genetic information. So like, we've gone through the FDA. We have done all of the scientific validation work to prove out that the database and the data quality that we have, so that self-report information makes sense, that it works, that we can validate studies.
59:29All of that has been really well refined over the last 17 years. And we now have over 14 million customers. We have massive amounts of phenotypic data. We have shown that we can do research. We have drug discovery. We're ready to execute. And frankly, like LLMs becomes transformative because I think about on the consumer side, the ability for us to be the world's best in risk prediction, and then also to have to supplement healthcare providers with LLM, you know, chatbots that help coach you and look at all of your environmental information. And the reality is there's just been so many variables.
1:00:07How do you manage all of that? And I I think that's where developing the models to really do risk prediction and help think about like, okay, you Jason, like in five years, like, you have three different trajectories, pick the path that you want to be on. Choose your own adventure. And then we'll guide you to choose your own adventure, 100%. So I think that is really exciting. And frankly, I'm grateful to Apple, to Google, the Fitbit world, everyone who's developing the wearables, because that will become an integral part of all of this with your genetics about how do you want to manage your life?
1:00:44And it's one thing I like to also emphasize to people is that your health is not something about just showing up at the doctor once a year, but it's the sum of what you have done every single day. So every day matters. You can have a cheat day and you can go and be hungover and eat badly, but it's about the sum of everything that you have done. So every day does become cumulative in some capacity. So working out, small amounts of exercise, how you eat, all of that adds up. And I think that we'll be able to help really, for people who are interested, have the best outcomes they can. On drug discovery, it's fascinating because if you start with a human genetic insight, you are more than twice as likely to be successful on drug discovery.
1:01:28Oh, wow. I didn't know that. So that's why we started a drug discovery division in 2015, because starting with human genetic data means you're more likely to be successful. So for us, right now, we do these huge genome-wide association studies. Like we run through all the data, we look at all the genetic variants, we look to see if we can get insights. But understanding all those insights and then understanding what is that drug that you want to make to potentially, you know, modify that genetic variant is a lot of biology and a lot of work. And that's what I think can actually start to become disruptive.
1:02:03Are you going to actually develop that drug or are you going to work in partnership with somebody? People don't realize this. If you look at my burn rate, my burn rate is not from the consumer business. My burn rate is from drug discovery. So 23andMe actually has two programs in the clinic, both from immuno-oncology. And it's really interesting. What we were able to do is look at some of the existing, like these immuno-oncology drugs that are on the market today and look in our data set, what other genetic variants cause a similar kind of signature. And so we're looking to see, okay, like, hey, you know, the PD-L1, CTLA-4, this is what this looks like in the database.
1:02:40How do I actually find something that's similar? So we have two that are, you know, one that's in the clinic, one that should be going in the clinic soon. And then we have a whole drug discovery team dedicated to doing drug discovery. We've had a large partnership with GSK for years. So it's really exciting. And I think that's where like you yourself, like we like to say, you know, manage what you can, like change what you can manage what you can't. So some things are in your control to change and some things are not. And for the things that are not, we're going to take care of that with therapeutics and like being more aggressive with medical intervention.
1:03:16But for the things that are within your control that you can potentially change your lifestyle on, we're going to help you manage that. yeah so as a business you've got this you know profitable break even whatever business and you know for consumers but then you have this optionality this hit based business of a drug and if you can if you wind up doing 10 of these over the next decade or two if you hit but one that could be this explosive uh revenue stream for you yeah 100 100 i mean i think between now and then you have you know you have to invest in that therapeutics business so we definitely we look at partners, like that's one, a big opportunity for us.
1:03:55And that's actually where we've been focused is that, you know, us doing all like managing all that burn ourselves is not reasonable. So yeah, I was about to say, those are, yeah, those are expensive studies. Yeah. And also, like, what's the hit rate? I think this is one of the problems in terms of capital formation and placing these bets. Like, what is the hit rate on drugs these days? Like, more than half, 90 % fail 90%. I know it sounds like my job angel investing. It literally is 80 90 % go to zero yeah yeah i mean it's biotech's a tough business and i think again going back to sort of that that i have of the industry is that if if it was about you know if anyone could actually predict human biology you know pfizer would never fail like you could i mean you could buy it then if like if it was if i could hire the right people or do the right experiments like you wouldn't then like the big companies wouldn't fail they had like lily right now lily has so much cash because of GLP-1s.
1:04:50The reality is there's still always that mystery of biology and we don't understand it. But that's where I do think that there is an incredible promise with AI. And again, it has to be based in data. So again, we are excited about leveraging human genetics, the data set that we have for building DNA language models that are eventually going to translate and be an impact as part of new ways of doing drug discovery. So it's definitely exciting. what what if you just i mean imagine if every year you get 10 better at picking you know if you just reduce the mortality rate of drugs not working 10 a year yeah you could be sitting here in seven years and you could have doubled it i mean that could be just change all of society i mean the problem is it takes so long to develop a drug you know it takes 10 years to do so you don't know your outcomes you know that's my point on the glp1 is like back in 2022 or like you know 2000, I was talking about it, but it took 20 years.
1:05:50So it's just, it's a really slow process because you have to, you develop it, you do, you know, preclinical studies, and then you have to do your safety studies in humans. It takes the whole process takes a long time. Um, people don't mostly because of regulation. Um, I mean, there's obviously physics and then there's regulation. Yeah, there's it's regulation, but in some ways like you, you want to have regulation because you don't want to try drugs that don't work or that are not safe. So there's probably ways that you could, I mean, again, I would never say regulation is perfect, but there's going to be ways that you could obviously, you know, evolve over time.
1:06:23And I can imagine that. The preclinical studies are a lot of work. I think it's really going to be more about, are there ways for you to do biology at higher speed? And you have companies that are starting to look at that, like, how do I go from a genetic insight to then thinking about like, what is now that right drug to target to change that kind of pathway are there any countries i know this sounds crazy but are there any countries that have kind of lowered the safety regulations and are going much faster because i would think there would be some crazy country that would see an opportunity there but then also i guess you would have to also have engineer scientists and be somewhat enlightened to be able to even pursuing drug discovery so like we saw this with cloning at some point i guess the koreans were maybe jumping the fence a little bit lowering the regulation obviously bad things happened or and then in china somebody was doing something with cloning last year two years ago yeah with crisper and that got somebody i got in trouble yeah that's a big no-no so other people have gone rose um i mean look i think on gene editing and cloning and not as much cloning but on crisper um you know i think there's a there is a reasonable push for just having discussions around what is the right way to safely do that.
1:07:42And because you're really editing the genome, there's some concerns about, you know, making sure that you are thoughtful, you know, similar to what people have said about COVID and like whether or not it came from a man-made virus. Being thoughtful about the consequences of CRISPR, I think is important. Where do you wind up on that? You think this was done in a lab, right? It seems like everybody's kind of coming. Yeah. Where do you wind up? You put a percentage on it. Yeah. um look i think it's a reasonable assumption that um i mean look i think that there's there's there's debates on both sides but i think it's not unreasonable to say that it came from a lab yeah i mean the john stewart thing like wuhan came from this location the labs here there's a lot i mean you think even some of the data as people look at the genome again i haven't dug into it of great but of great um you know depth but people who i respect at least have you know there's there's reasonable hypotheses not saying for sure that's it but there's it's it would be something i rule out what do you take from that in terms of should we be even uh accelerating our understanding of those things or should we be pumping the brakes like Like this seems to be...
1:08:58I think that there's... I was with actually some friends from Stanford. Stanford has actually a pretty interesting CRISPR team. This guy actually grew up with, Matthew Porteus. And we were talking about things like the cystic fibrosis approval that just came out from Vertex. There's really interesting opportunities to cure disease. And so I think that I'm all about reasonable risk. You know, like, I think that you need to take a reasonable risk, because you could potentially really save someone's life. Yeah. And if you know, they're going to have a really poor quality of life, or you know that they are going to die, you should have a reasonable risk with them.
1:09:36So I do think about like, for instance, one of the things right now, and this would be a regulatory push. It's really hard to do a study of one person. So that's called like an IND of one person. And most centers are not set up for it. But like, it's these bespoke studies, they're called. And that's like part of, there's like a whole movement of like, how is it more and more that we can do studies on just one for people who are eager? And there's a lot of regulatory work to get to that. And I think like my main thing on regulatory and thinking about the future, and this does impact a lot of healthcare, it's like, we're in a world where we can track, we can get daily information.
1:10:17so planet.com takes a picture of earth every day and they know exactly when something like a tree has been cut down when a boat has moved like we need that snapshot of health care in this country so we don't have it it's so crazy we don't have that so like bizarre you should know side effects so like right now have have you ever reported a side effect to the fda of course not yes but you've had probably a lot i wouldn't even know where to begin it's a fast It's a fast. Oh, good. Yeah. Wow. Share the number with me offline. I don't want to, because, you know, it can be a busy signal on the fax line.
1:10:50I don't want to. Totally. It's hilarious. But I think that's my point. It's like, we all have different, like, great responses, adverse responses to drugs. Like, we should absolutely be like having that kind of real time. So when I think about, like, my main push on regulatory is like, drugs should get out there faster, but we should be much more comprehensive in following them regularly. And like part of what I think about also with 23andMe and with the opportunities that are coming with things like 21st century cures is the ability for you to easily get access to all your medical records. So there should be some way to pull all that data in a real time way to be able to track like, okay, how are people taking like a GOP-1?
1:11:33We want all that information. Like who's taking a GOP-1 and what's the side effects? Yeah, like, why can't I just opt into that? And then if you think about it, we would have solved for the spread of COVID much quicker if we had challenge trials. Now, most people don't know what a challenge trial is, but it's very simple. You introduce COVID into a person who's had a vaccine, and so they're taking a massive amount of risk, depending if they're, you know, have high risk factors. but there are young people who would love to, you know, say, you know what, for the sake of the world, I'll do a challenge trial.
1:12:09I'll opt into it. It's illegal in the United States, right? It's completely not allowed. It's unethical. But I guess in Europe, some countries allow it. Yeah. Well, they do the flu studies. Like, well, they'll give you the flu. I feel like COVID got into its own category, but like they will do the flu challenge. I think they've even done some malaria challenges. But I don't know if it's I don't know enough. I'm out of talking in the chart. I don't know if they do it in the US or if it's other countries. I just noticed some physicians signed a petition saying, hey, you know, post-COVID, we probably should rethink this concept because we let people go fight wars.
1:12:42You know, we got Navy SEALs who are putting themselves in massive amounts of risk. And a challenge trial is like a small portion of that risk that, you know, a Navy SEAL or a deep sea diver might opt into taking for whatever reason. And, you know, there's things we can think about ethically, morally, to your point about like, healthcare for one if i have cystic fibrosis and i actually have a family member this is a very rare thing it's like i think 30 40 000 people yeah in the u.s have it but i happen to have a family member who has it uh and um she's been very lucky because she got into some trials and she's lived an amazing life but the lifespan is typically very short but if you ask one of those people hey do you want to take something that could be risky or do you want to be part of this experimentation the heck yes i do yeah and i think this is where i think maybe some morality a lot i think this is So you're right.
1:13:28And I think the patient voice, and again, this to me, again, it goes back to a lot of things that we think about is like more and more, I think healthcare will change when the consumer has a bigger voice. But right now, if you think about like even talking about clinical trials and talking about this, you have a regulatory body that makes decisions. How do you have almost a stronger collective voice of the community about what we want? So there are patient advocates and there are patient counsels, but I would say the average individual is not terribly involved. And so are there better ways for us to have that kind of advocacy about like, what is it that is important to us?
1:14:04And then I look at things like end of one studies, especially for cancer. How do you actually start to have more and more of that? Like, how can you actually, you know, pioneer if you already know that there's going to be a bad outcome in the area? how can you actually instead then have a n of one study to be able to push the boundaries of science and actually really better understand and like and also grant the patient wishes yeah great great thoughts all right listen and i gotta let you go you've been so generous with your time it's awesome to talk to you mind-blowing listen to you go watch this movie prometheus i want to talk to you they'll have what we'll have a post prometheus discussion but it really is i just love science fiction and it's just like this incredible mind-blowing that puts together our whole discussion and a lot of your career, frankly, of these engineers and why are they doing what they're doing?
1:14:51And it's a little dark and crazy, but you'll very much enjoy it. So that's interesting. I love it. Everybody go to 23andMe, sign up if you haven't done it, join one of the programs, take control of your healthcare, yada, yada, yada. And I know you're hiring all the time. So I guess you go to the 23andMe careers page, you want to work for somebody brilliant like Anne? Yeah, sounds like a good noble mission instead of trying to optimize, no offense to people making money off advertising, but some social network optimizing advertising to make people click 10 basis points more. The next big area definitely is being able to really train.
1:15:28Well, being able to transform health, like understanding the language. Like for me, it's about like, understand the language of life, just like big picture. Like to me, that is a computational issue. And it's so exciting and it impacts everything around you. So I just, it's so exciting to be alive at this very moment. And you know, it's like, we're such a lucky generation because we get to say it every 10 years or so, like, oh, wow, this mobile phone came out, can do everything. Wow. So great to be alive right now. Oh, electric cars. Oh, space travel. Oh, the internet itself. Like, it's just every like seven to 10 years, we have this great Christmas present under the tree.
1:16:02And it's like, we open it up and it's like, oh my God, the world is going to advance. And people are so negative. People are so caught up in nonsense. And if you just look at entrepreneurship, science, technology, research, you become so optimistic, right? I think it's one of the great things about living in the Bay Area is just so many optimistic people. Yeah, it's going to be super exciting. Okay, and can't wait to see you again. And we'll see you all next time. Great to see you. Thanks for doing it. See you next time, everybody. Bye-bye.
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Today’s show:
23andMe's Anne Wojcicki joins Jason for a deep dive on genome testing and healthcare. They cover the dramatic reduction in genome sequencing costs from billions to just $99 (3:15), the role of blood testing and sequencing in shaping 23andMe's health approach (27:02), the curious case of the venomous Gila monster (42:09), and much more!
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Timestamps:
(0:00) Anne Wojcicki of 23andMe joins Jason for an insightful discussion.
(1:28) Exploring the impact of 23andMe and the trend of genome sequencing for proactive health management.
(3:15) Tracing the dramatic reduction in genome sequencing costs from billions to just $99.
(10:58) CLA - Get started with CLA's CPAs, consultants, and wealth advisors now at https://www.claconnect.com/tech
(12:24) Discussing a pivotal moment in advancing our understanding of health and genetics.
(18:41) Strategies for integrating new health initiatives in the U.S. and international healthcare systems.
(22:26) House of Macadamias is the next big health trend! Get a free month's supply of Macadamia Milk with any order at https://www.houseofmacadamias.com/twist by using code TWIST20!
(23:54) Addressing the need for a paradigm shift in healthcare policies and incentive structures.
(27:02) The role of blood testing and exome sequencing in shaping 23andMe's comprehensive health approach.
(30:45) Embracing a holistic perspective in personal health and wellness.
(32:57) .Tech Domains has a new program called startups.tech, where you can get your startup featured on This Week in Startups. Go to http://www.startups.tech/jason to find out how!
(34:02) Emphasizing the significance of regular blood tests for health monitoring.
(41:55) A lesson in healthcare for everyone and the curious case of the venomous Gila monster.
(48:59) Connecting the dots between modern healthcare, science, and technology: A real-life 'choose-your-own-adventure'.
(52:39) Exploring the benefits of Lemonaid Health's acquisition by 23andMe.
(58:32) Anne Wojcicki reflects on her 17-year journey in the field and shares her vision for the future of health and genetics.
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Thanks to our partners:
(10:58) CLA - Get started with CLA's CPAs, consultants, and wealth advisors now at https://www.claconnect.com/tech
(22:26) House of Macadamias is the next big health trend! Get a free month's supply of Macadamia Milk with any order at https://www.houseofmacadamias.com/twist by using code TWIST20!
(32:57) .Tech Domains has a new program called startups.tech, where you can get your startup featured on This Week in Startups. Go to http://www.startups.tech/jason to find out how!
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Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland
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