Colossal Biosciences has made headlines as the de-extinction startup primed to bring back the woolly mammoth. Here’s how the business model actually works.
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00:00 Colossal Biosciences might seem like a real-life parallel to Jurassic Park,
00:04 but their business model is pretty different from the movie's dinosaur-themed part.
00:08 The company has already raised $225 million to date and is on track for mammoth calves in
00:13 2028 according to their CEO, Ben Lamb. Colossal's monetization model emphasizes educational content,
00:20 spinning off technology companies they create, and focusing on de-extinction and preservation.
00:26 The startup is currently working with the University of Alaska and University of Stockholm
00:31 on one of the largest-ever studies focused on radiocarbon-dating mammoths. Colossal also joined
00:37 the BioRescue group working to save the northern white rhino from extinction, and have made efforts
00:42 to rebuild the Victorian grassland earless dragon, which was thought to have gone extinct in 1969
00:48 but was recently rediscovered. Lamb realizes that this might still seem odd to some, but says,
00:54 It's not our job to persuade, it's our job to educate and be transparent.