‘We Should’ve Done More’: Bill Gates Says U.S. Was Too Slow on COVID-19, Shutdown Now Unavoidable

Karina Mazhukhina, GeekWire
Karina Mazhukhina is a business and technology reporter, covering startups, health tech, scientific research and breaking news. Before joining GeekWire, she worked for KOMO TV and was a science and news reporter for the UW Daily. Karina holds a BA in journalism and english from the University of Washington. Follow her @karina9m
‘We Should’ve Done More’: Bill Gates Says U.S. Was Too Slow on COVID-19, Shutdown Now Unavoidable

Microsoft co-founder Bill Gates said Tuesday morning that the U.S. acted too slowly and missed its chance to avoid mandatory stay-at-home orders to deal with the COVID-19 crisis, saying that "everybody should have taken notice back in January" when the first case was detected in Washington state.

"There's the period between where we realized it was transmitting and now where we should've done more," Gates said during a video discussion with Chris Anderson of TED, a non-profit organization that hosts talks and online communities.


"It's very tough to say to people, 'Hey keep going to restaurants, go buy new houses, ignore that pile of bodies over in the corner, we want you to keep spending because there's some politician that thinks GDP growth is what counts,'" Gates said. "It's hard to tell people during an epidemic … that they should go about things knowing their activity is spreading this disease."

"It's disastrous for the economy, but the sooner you do it in a tough way, the sooner you can undo it and go back to normal," Gates added.

President Trump has said over the past day that he wants to quickly reassess shutdowns across the country to lessen the economic impact.

In his talk Tuesday morning, Gates acknowledged that the economy would suffer but said that "there really is no middle ground." He suggested that we maintain a mandated shutdown of six to 10 weeks across the country.

A leading philanthropist on global public health, Gates over the past decade has foreshadowed something like the novel coronavirus, which has now infected 408,892 people worldwide and killed 18,259. His TED Talk from 2015 titled "The next outbreak? We're not ready" has been viewed more than 16 million times on YouTube.

The clear message is that we have no choice to maintain this isolation, and that's going to keep going for a period of time

The Bill and Melinda Gates Foundation has pledged up to $100 million to combat COVID-19 worldwide. The foundation is also giving an additional $5 million to help Washington state officials deal with the crisis.

Gates said on Tuesday that the U.S. needs to accelerate and better navigate COVID-19 testing.

"We can figure out which antiviral drugs work within two or three weeks and get those scaled up and we can make the vaccine if we're really ready probably in six months," Gates said.

Continue reading for highlights from Gates' responses on TED.

How will the U.S fare amid the coronavirus outbreak?

Gates: The clear message is that we have no choice to maintain this isolation, and that's going to keep going for a period of time. So this is not going to be easy. We need a clear message about that. It is really tragic that the economic effects of this are very dramatic. I mean, nothing like this has ever happened to the economy in our lifetimes. But money, you know, bringing the economy back, that's more of a reversible thing than bringing people back to life. So we're willing to take the pain in the economic dimension, huge pain in order to minimize the pain and disease in the death dimension.

What are you thoughts on the idea of reopening the economy?

Gates: It is very irresponsible for somebody to suggest we can have the best of both worlds. What we need is an extreme shutdown. If things go well then you can start opening back up.

How should countries who don't have the luxury of social distancing or great health systems in place be handling this virus?

Gates: But in the developing countries, particularly in the Southern hemisphere, the seasonality is large. The ability to isolate — when you have to go out to get your food every day and earn your wage, when you live in a slum where you're very nearby each other — it gets very hard to do. I think it's way more difficult as you move down the income ladder than it is in a country like the United States…and so we should all accelerate the vaccine, which eventually will come.

What can people do from their own homes right now to try and help?

Gates: "Well, there's a lot of creativity. Can you mentor kids who are being forced into an online format where school systems weren't really ready for that? Can you organize some giving activity that gets the food banks to step up where there's problems there? The U.S. has this tradition of philanthropy, traditional civil society coming together. There's a few things the government needs to do, but most of the things that will moderate the pain, the isolation, the damage here…everyone can think how they jump into that. These are such unprecedented times, and it really should draw out that sense of creativity, while complying with the isolation mandates.

This story originally appeared on GeekWire.

🤠Musk Picks Texas and 🔥Tinder AI Picks Your Profile Pictures
Image Source: Tinder

🔦 Spotlight

Tinder is altering dating profile creation with its new AI-powered Photo Selector feature, designed to help users choose their most appealing dating profile pictures. This innovative tool employs facial recognition technology to curate a set of up to 10 photos from the user's device, streamlining the often time-consuming process of profile setup. To use the feature, users simply take a selfie within the Tinder app and grant access to their camera roll. The AI then analyzes the photos based on factors like lighting and composition, drawing from Tinder's research on what makes an effective profile picture.

The selection process occurs entirely on the user's device, ensuring privacy and data security. Tinder doesn't collect or store any biometric data or photos beyond those chosen for the profile, and the facial recognition data is deleted once the user exits the feature. This new tool addresses a common pain point for users, as Tinder's research shows that young singles typically spend about 25 to 33 minutes selecting a profile picture. By automating this process, Tinder aims to reduce profile creation time and allow users to focus more on making meaningful connections.

In wholly unrelated news, Elon Musk has announced plans to relocate the headquarters of X (formerly Twitter) and SpaceX from California to Texas. SpaceX will move from Hawthorne to Starbase, while X will shift from San Francisco to Austin. Musk cited concerns about aggressive drug users near X's current headquarters and a new California law regarding gender identity notification in schools as reasons for the move. This decision follows Musk's previous relocation of Tesla's headquarters to Texas in 2021.

🤝 Venture Deals

LA Companies

LA Venture Funds

LA Exits

  • Penguin Random House agreed to acquire comic book publisher Boom! Studios from backers like Walt Disney Co. - learn more

Download the dot.LA App

Top LA Accelerators that Entrepreneurs Should Know About

Los Angeles, has a thriving startup ecosystem with numerous accelerators, incubators, and programs designed to support and nurture new businesses. These programs provide a range of services, including funding, mentorship, workspace, networking opportunities, and strategic guidance to help entrepreneurs develop their ideas and scale their companies.


Techstars Los Angeles

Techstars is a global outfit with a chapter in Los Angeles that opened in 2017. It prioritizes local companies but will fund some firms based outside of LA.

Location: Culver City

Type of Funding: Pre-seed, early stage

Focus: Industry Agnostic

Notable Past Companies: StokedPlastic, Zeno Power


Grid110

Grid110 offers no-cost, no-equity programs for entrepreneurs in Los Angeles, including a 12-week Residency accelerator for early-stage startups, an Idea to Launch Bootcamp for pre-launch entrepreneurs, and specialized programs like the PledgeLA Founders Fund and Friends & Family program, all aimed at providing essential skills, resources, and support to help founders develop and grow their businesses.

Location: DTLA

Type of Funding: Seed, early stage

Focus: Industry Agnostic

Notable Past Companies: Casetify, Flavors From Afar


Idealab

Idealab is a renowned startup studio and incubator based in Pasadena, California. Founded in 1996 by entrepreneur Bill Gross, Idealab has a long history of nurturing innovative technology companies, with over 150 startups launched and 45 successful IPOs and acquisitions, including notable successes like Coinbase and Tenor.

Location: Pasadena

Type of Funding: Stage agnostic

Focus: Industry Agnostic, AI/Robotics, Consumer, Clean Energy

Notable Past Companies: Lumin, Coinbase, Tenor


Plug In South LA

Plug In South LA is a tech accelerator program focused on supporting and empowering Black and Latinx entrepreneurs in the Los Angeles area. The 12-week intensive program provides early-stage founders with mentorship, workshops, strategic guidance, potential pilot partnerships, grant funding, and networking opportunities to help them scale their businesses and secure investment.

Location: Los Angeles

Type of Funding: Pre-seed, seed

Focus: Industry Agnostic, Connection to South LA and related communities

Notable Past Companies: ChargerHelp, Peadbo


Cedars-Sinai Accelerator

The Cedars-Sinai Accelerator is a three-month program based in Los Angeles that provides healthcare startups with $100,000 in funding, mentorship from over 300 leading clinicians and executives, and access to Cedars-Sinai's clinical expertise and resources. The program aims to transform healthcare quality, efficiency, and care delivery by helping entrepreneurs bring their innovative technology products to market, offering participants dedicated office space, exposure to a broad network of healthcare entrepreneurs and investors, and the opportunity to pitch their companies at a Demo Day.

Location: West Hollywood

Type of Funding: Seed, early stage, convertible note

Focus: Healthcare, Device, Life Sciences

Notable Past Companies: Regard, Hawthorne Effect


MedTech Innovator

MedTech Innovator is the world's largest accelerator for medical technology companies, based in Los Angeles, offering a four-month program that provides selected startups with unparalleled access to industry leaders, investors, and resources without taking equity. The accelerator culminates in showcase events and competitions where participating companies can win substantial non-dilutive funding, with the program having a strong track record of helping startups secure FDA approvals and significant follow-on funding.

Location: Westwood

Type of Funding: Seed, early stage

Focus: Health Care, Health Diagnostics, Medical Device

Notable Past Companies: Zeto, Genetesis


KidsX

The KidsX Accelerator in Los Angeles is a 10-week program that supports early-stage digital health companies focused on pediatric care, providing mentorship, resources, and access to a network of children's hospitals to help startups validate product-market fit and scale their solutions. The accelerator uses a reverse pitch model, where participating hospitals identify focus areas and work closely with selected startups to develop and pilot digital health solutions that address specific pediatric needs.

Location: East Hollywood

Type of Funding: Pre-seed, seed, early stage

Focus: Pediatric Health Care Innovation

Notable Past Companies: Smileyscope, Zocalo Health


Disney Accelerator

Disney Accelerator is a startup accelerator that provides early-stage companies in the consumer media, entertainment and technology sectors with mentorship, guidance, and investment from Disney executives. The program, now in its 10th year, aims to foster collaborations and partnerships between innovative technology companies and The Walt Disney Company to help them accelerate their growth and bring new experiences to Disney audiences.

Location: Burbank

Type of Funding: Growth stage

Focus: Technology and entertainment

Notable Past Companies: Epic Games, BRIT + CO, CAMP


Techstars Space Accelerator

Techstars Space Accelerator is a startup accelerator program focused on advancing the next generation of space technology companies. The three-month mentorship-driven program brings together founders from across the globe to work on big ideas in aerospace, including rapid launch services, precision-based imaging, operating systems for complex robotics, in-space servicing, and thermal protection.

Location: Los Angeles

Type of Funding: Growth stage

Focus: Aerospace

Notable Past Companies: Pixxel, Morpheus Space



Download the dot.LA App

🚁 One Step Closer to Air Taxis in LA
Image Source: Joby Aviation

🔦 Spotlight

Joby Aviation, a pioneering electric air taxi company, has achieved a significant milestone by successfully flying a hydrogen-electric aircraft demonstrator for 523 miles with only water as a byproduct. This groundbreaking flight showcases the potential for emissions-free regional travel using vertical take-off and landing (eVTOL) aircraft, eliminating the need for traditional runways. The company's innovative approach combines its existing battery-electric air taxi technology with hydrogen fuel cells, paving the way for longer-range, environmentally friendly air travel.

For LA residents, this development holds exciting implications for future transportation options. Joby's technology could potentially enable direct flights from LA to destinations like San Francisco or San Diego without the need to visit conventional airports, offering a cleaner and more convenient alternative to current travel methods. The company's progress in both battery-electric and hydrogen-electric aircraft positions it at the forefront of next-generation aviation, promising to revolutionize urban and regional mobility.

Notably, Joby Aviation has already made strides in Southern California by securing an agreement with John Wayne Airport earlier this year to install the region's first electric air taxi charger. This strategic move sets the stage for LA to be among the initial markets where Joby will launch its electric air taxi service. With plans to commence commercial operations as early as 2025 using its battery-electric air taxi, LA residents may soon have access to a fast, quiet, and environmentally friendly mode of transportation that could significantly reduce travel times and traffic congestion in the region. In the not too distant future, LA might find itself in an identity crisis without traffic and excess smog 🤞🤞.


🤝 Venture Deals

LA Companies

LA Venture Funds


Download the dot.LA App

RELATEDEDITOR'S PICKS
Trending