Bill Gates Money Quote saying even though investing early money in multiple competing coronavirus vaccines before knowing which will succeed risks wasting, it’s worth it to avoid wasting time. Bill Gates said:
“Our early money can accelerate things. Even though we’ll end up picking at most two of them, we’re going to fund factories for all seven, just so that we don’t waste time in serially saying which vaccine works and then building the factory” — Bill Gates
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In this quote, Bill Gates is talking about funding to develop coronavirus vaccines. He explains that although ultimately they will likely only need two successful vaccines, by funding factories for all seven vaccine candidates simultaneously they can accelerate the process.
This is because rather than waiting serially to test each vaccine and then build a factory if it’s successful, building the factories for all candidates in parallel will save time. So in summary, Gates is saying that providing early funding for multiple vaccine development efforts, even those that may ultimately fail, can help speed up the overall process of finding safe and effective vaccines.