The initial investment in Genentech, Herbert Boyere
Interviewee: Herbert Boyer.
Herb Boyer reflects on his initial investment in Genentech.
(DNAi Location: Manipulation > Production > Players > Herbert Boyer > The investment)
When we were going to incorporate we had to estimate what our investment was, so you know, we had put a lot of time thinking about it, writing proposals, so we had X-number of hours. But in terms of a cash investment Bob said well you know, maybe we'll put up ten, fifteen thousand dollars. I said you're crazy, you know, I don't have a, you know, I'm operating on a shoestring here as it is. And so he finally says well five hundred and a lot of blood, sweat and tears will get us through. So I had to borrow money on my American Express card for my initial investment in the company.
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