Joe Biden’s son-in-law, Howard Krein, could pose conflict-of-interest concerns for a Biden administration
its intention to invest $1 million across 10 startups with coronavirus applications within 30 days.
Since the start of the coronavirus outbreak, the federal government has directed tens of billions of dollars in coronavirus medical spending in areas like testing and vaccine research to private firms. It is poised to spend billions more next year and possibly beyond. “I have little doubt that the relationship to Joe Biden, particularly if he becomes president, would attract the interest of some investors,” said Avik Roy, founder of Roy Healthcare Research, an investment research firm, and a former adviser to the presidential campaigns of Sens. Mitt Romney and Marco Rubio .
“Sometimes, the perception is all you need,” said Laura Huang, a professor at Harvard Business School who studies the early-stage investment process. “Signaling is very important for startups and investors alike, and one signal is high-profile individuals who can help provide access.”
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