At the same time that Joe Biden’s son-in-law, Howard Krein, has been advising Biden’s campaign on its coronavirus response, Krein’s venture capital business has been running a special initiative to invest in health care startups that offer solutions to the pandemic.
In March, as Covid-19 began spreading in the United States, the investment firm, StartUp Health, unveiled a new coronavirus initiative soliciting pitches from entrepreneurs with products that addressed the outbreak.
The next month, reports in Bloomberg and the New York Times listed Krein among those participating in daily calls to brief Biden on health policy during the pandemic, while StartUp Health announced its intention to invest $1 million across 10 startups with coronavirus applications within 30 days.
“StartUp Health is putting the full support of its platform and network behind building a post-Covid world that uses technology and entrepreneurial ingenuity to improve health outcomes,” the firm said at the time.
Krein simultaneously advising the campaign and venturing into Covid investing could pose conflict-of-interest concerns for a Biden administration or simply create the awkward appearance of Krein profiting off his father-in-law’s policies. Since the start of the coronavirus outbreak, the federal government has directed