With over 75 scientific ventures to its name, Flagship’s startup network has now generated 16 IPOs and $19 billion in aggregate value over 17 years.
Things were going well, but Flagship Pioneering (formerly Flagship Ventures) still felt the need for a name change in December of last year.
“The word pioneering for us is not an adjective, it’s not a compliment, it’s basically a verb,” said Noubar Afeyan, Flagship’s CEO and senior managing partner. “It is a process, it is kind of consciously looking for value in unexplored places, without regard to the adjacencies, to what is already known to work, which is where everybody else is innovating.”
