Cowboy Ventures Partner Prescribes Ozempic Diet For Startups: 'Do More With Less'
Portfolio Pulse from Benzinga Newsbot
Aileen Lee, partner at Cowboy Ventures, likened the current fiscal tightening in Silicon Valley to the effects of the weight loss drug Ozempic, suggesting startups will need to 'do more with less and become healthier'. This comes in response to the capital challenges startups have faced since early 2022. Novo Nordisk (NASDAQ:NVO), the manufacturer of Ozempic, has seen a surge in demand for the drug due to its effectiveness in weight loss.
June 28, 2023 | 1:13 am
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Novo Nordisk, the manufacturer of Ozempic, has seen a surge in demand for the drug due to its effectiveness in weight loss. However, the drug has also faced scrutiny for potential long-term effects.
The increased demand for Ozempic due to its effectiveness in weight loss is positive for Novo Nordisk. However, the scrutiny for potential long-term effects could potentially impact the company negatively in the future.
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