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6park.com Chan Zuckerberg Initiative 6park.com 6park.com
6park.com Left to right: Priscilla Chan, Biohub co-presidents Stephen Quake and Joe DeRisi, and Mark Zuckerberg 6park.com 6park.com 6park.com
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6park.com 6park.com 6park.com Mark Zuckerberg is selling up to $13 billion of Facebook shares to fund the Chan Zuckerberg Initiative, which has the audacious goal of curing, preventing, or managing all diseases "in our children's lifetime." 6park.com 6park.com 6park.com Among the initiative's projects are investments in the Human Cell Atlas, which aims to map out every single cell in the human body, and the Biohub, which joins researchers from the three major academic research institutions in the San Francisco Bay Area. 6park.com 6park.com 6park.com Zuckerberg shows up regularly, particularly for scientific briefings, but Chan runs it day to day. 6park.com 6park.com 6park.com 6park.com 6park.com 6park.com
6park.com Christina Farr | @chrissyfarr 6park.com 6park.com Published 15 Hours Ago Updated 5 Hours Ago CNBC.com 6park.com 6park.com
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Board meetings at the Chan Zuckerberg Biohub, a research center backed by Facebook CEO and founder Mark Zuckerberg, his wife Priscilla Chan and LinkedIn cofounder Reid Hoffman, always kick off in the same way. 6park.com 6park.com6park.com
Each quarter, a promising young scientist funded by the Biohub is invited to a conference room at the Palo Alto offices of the Chan Zuckerberg Initiative, the family's philanthropic investment group. That's where Zuckerberg takes a hiatus from email to spend a little time learning about science. 6park.com 6park.com6park.com
Last April, that scientist was Markita Landry, a chemical engineer who runs a lab at UC Berkeley. Landry was among the first researchers to get funding from the Biohub for a multi-year effort to develop tools to measure the chemistry of the brain. Landry shared some of her progress so far. Then Zuckerberg chimed in with a series of questions about the time it would take for her technology to be implemented, and the kind of influence it would have on human lives. 6park.com 6park.com6park.com
Landry told the board that her eventual goal was to test the effectiveness of drugs prescribed for mental health conditions, like depression, which is much-needed in the medical community. 6park.com 6park.com6park.com
"As scientists, we tend to think about moving in increments of weeks or months, but Mark prompted me to talk about the potential impact in years or even decades," Landry explained. 6park.com 6park.com6park.com
Few scientists get such dedicated time with the world's most famous entrepreneur. But the meetings also give Zuckerberg a brief break from the daily battles of running a public company to nerd out for a while. It also means some face-time with Chan, who stopped practicing medicine last year to head up CZI full-time, as well as Hoffman, a longtime Facebook investor and friend, and CZI science chief Cori Bargmann. Academic representatives from Stanford, Berkeley and UC San Francisco also attend, including the Biohub's co-leaders Joe DeRisi and Steve Quake. 6park.com 6park.com 6park.com 6park.com6park.com
Zuckerberg could use the breathing room. Facebook has taken hit after hit to its reputation in the past 18 months, most notably with the claims that Russian operatives and a shadowy political consultancy called Cambridge Analytica used Facebook to manipulate voter behavior, and that Facebook didn't do enough to stop it. That prompted many of the company's critics to wonder whether Zuckerberg failed to appreciate the impact of the tools he created, and whether he lacks the moral leadership to right the ship. 6park.com 6park.com6park.com
In the meantime, Zuckerberg has begun to use the fortune he earned from creating one of the world's most valuable companies to invest in CZI. In October, he revealed that he plans to sell up to 75 million shares, worth more than $12 billion at the time, by March 2019 to fund the project. He's able to do that because of Facebook's dual-class share structure, which allows him to retain voting control over the company's big decisions even as he sells a huge portion of his stake. 6park.com 6park.com6park.com
He's holding true to his word: This year alone, Zuckerberg has already sold nearly 29 million shares, garnering more than $5.3 billion for CZI. 6park.com 6park.com