Response from: Darren Fast

My understanding of angel investors is that while they are typical high net worth individuals who make most of their investments in more traditional sectors (ie low risk), what makes them angels is that they will step in and invest in very early stage, high risk investments that more traditional investors would avoid. They can do this because the amount they typically invest in these early stage ventures is relatively small given the overall size of their portfolio.

Response from: ruth

I wrote a more recent entry on angels, which totally agrees with your point: http://www.biotech-weblog.com/50226711/how_to_find_angels_investors_in
_life_sciences.php
this reminds me, i still owe you an email!

Response from: Allergies

Hurrah for the Royal Children's Hospital in Melbourne. They just received a million dollars to set up a new allergy research center. The benefactor, "Crazy" John Ilhan, also established the Ilhan Food Allergy Foundation which does resear...