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0:00Okay, so who what when or why? I'm Carlos Rodriguez, Stanford research student. What do we do? I make medicine, so I'm working on creating new treatments for leukemia. I'm trying to get rid of chemotherapy and radiation to help treat people with blood cancer. >> Cool. >> The problem that I'm having is that we're having a hard time getting funding. Recent budget cuts, a lot of funding is going missing. It's unheard of for people to get funding. Um
0:27>> Sure. >> We just recently submitted one thing which I think has a pretty high probability of getting us 100K to 200K over the next year or two, which isn't really enough to cover >> Yeah. >> the three staff that we have. >> Okay. >> Um so I'm looking to you seeing if we can come up with more creative ways of getting this funding research funded because we have some really exciting results that we can do bone marrow transplant without chemotherapy or radiation in mice.
0:54>> But we >> Well, how much you need, dude? >> To accelerate this, we need money. >> How much you need? >> I'm thinking $2 million would get us to the finish line in monkey studies, you know, by the end of this year possibly at all next year. >> Got it. So how big's the average grants? Like how many do you just normally get one grant or multiple grants? >> We normally apply to, you know, three or four grants. On the high end they can be 10 million but you get that, you know, once every decade or you know, the more sustainable version is one grant every every year or two and that keeps the lab running and helps pay for the staff.
1:30>> Yeah, heard. So my thinking process is that this is I mean, believe it or not this works the exact same way as like closing a deal, you know what I mean? And so I think to me I would hear this and I don't know, lately you can jump in, but like insufficient volume of like, okay, we're applying to three or four, it's like how do we apply to like 300? Um like I try to solve that question. Like what would it take to guarantee that this doesn't fail? Um and I just I do that. >> Okay.
1:55>> I know that sounds incredibly violent but hopefully this launch was like a little a little example that I try to walk that talk like I just like I just said like how can we max maximize the likelihood of success? >> All right, and there's only so much that you can write or rewrite yourself there's all these AI detection tools so you have this body of work that you've written and you want to use AI to say hey take some of the points that I've already written and help adapt it to this thing but then you don't want to to get flagged by I don't know an AI checker on the side.
2:27>> Okay. But I mean you said you only played it three or four like could you do like 30 or 40? Cuz the alternative is that you lose the research right? >> What was that? >> Well the alternative you lose the research right? Is that it stops right? So to me it's like life or death. >> Right it's it's existential. >> Right so to me it's like all right well then like what if like again what would it take? Yeah like yeah we pull out all the stops if it's like this or die then it's this.
2:53>> Right well I guess we don't we have maybe a year of funding left maybe less so yeah it's do or die now. >> Right. >> Shifting shifting everybody's focus from the research that we do you know we have a body of >> Yeah. >> research and results. >> But it's going to go to waste unless you get the grant. It's going to go to waste unless you get the grant so like the constraint of the system is cash flow and the way to solve that is through volume of outreach in order to volume of applications literally to get grants.
3:20>> Are there other perhaps creative strategies I don't know crowdsourcing funding for research that we >> There totally is I would just say what's the like I I always operate from find the highest likelihood path and then make it unreasonable that we wouldn't succeed by doing so much volume on the highest likelihood path. And so if you already know how to do grants and you've done multiple of them in order to get grant money then I'd say well if we 10x the amount of volume the likelihood that we you know are successful so let me ask this differently if you were to do 30 grant applications what do you think the likelihood if all 30 were good, that you'd get the funding you need?
3:56>> Um, I'd say pretty good. >> All right. Well, to me it's like I don't even have another question. Like that's to me it's like >> It's just the time it would take to Yeah, the time it would take to figure out a different strategy. It's just the same as a business. It's like, all right, we want to figure out a new funnel right now. It's like, no, we want to just see ruthlessly pursue making the old one work. >> Okay. >> That's it, man. It's just ruthless point.
4:21Well, if if it's like if it's like, oh, the team, it's like, well, we we can't stop the research. It's like, well, this the research is going to stop, no matter what, unless this gets solved. >> Right. >> So, like, that's that. >> Mhm. >> But, all right, dude. I appreciate you. Thank you for grabbing a book. >> Yeah, and also just respect what you're doing. >> Yeah, respect what you're doing, man. Thanks for saving lives. All right, you too. Bye. All right. If you're a business owner and you are not growing as fast as you'd like, I'd like to give you a free gift.
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