PayPal Co-Founder Luke Nosek Joins Halcyon Molecular

Luke Nosek is a co-founder at PayPal and is a Managing Partner at Founders Fund. Nosek wants to move from the Internet and new media sector and get into science. Nosek is joining Halcyon Molecular, a human genome sequencing firm as a founding president.

Halcyon plans to sequence complete human genomes in less than 10 minutes at a cost of $100. This is a much smaller price and smaller amount of time than currently existing genome sequencing labs. Nosek will continue to lead The Founders Fund’s genomics investing division. Peter Thiel will be joining the board of directors at Halcyon Molecular too.

Halcyon will be competing with 23andme, a genomics company founded by Anne Wojcicki, the wife of Google co-founder Sergey Brin. Halcyon even received a $2 million aberration corrected STEM electron microscope on loan from the U.S. DoE.

Related posts:

1. Peter Thiel, PayPal Co-Founder & Early Facebook Investor Now Worth $1.2 Billion
2. Atari and Chuck E. Cheese Founder Nolan Bushnell Joins GameWager Board
3. Jobster Co-Founder/Former CTO, Phil Bogle Joins iLike As An Engineer
4. Powerset Inc. Valuation Now at $42.5 Mill Provided By Investors Including Google Founder’s Brother and Facebook Founder
5. Washington Post CEO Don Graham Joins Facebook Board of Directors