Fate Therapeutics Chooses CEO—Will Be Based in San Diego

After a months-long hunt, Fate Therapeutics, the superstar-laden, bi-coastal stem cell startup backed chiefly by Waltham, MA-based Polaris Venture Partners and Arch Venture Partners of Seattle, has named its CEO, the Seattle Times reported and company sources confirmed today. The CEO choice is Paul Grayson, previously of the San Diego arm of California-based Sanderling Ventures, which focuses on biomedical startups.

Grayson’s appointment means Fate will be based in San Diego. Fates’s five scientific co-founders are based in the Boston, Seattle, and San Diego areas, so it’s not a big surprise that one of those cities would be chosen as the firm’s headquarters. We recently chronicled the story of Fate’s formation here.

Author: Robert Buderi

Bob is Xconomy's founder and chairman. He is one of the country's foremost journalists covering business and technology. As a noted author and magazine editor, he is a sought-after commentator on innovation and global competitiveness. Before taking his most recent position as a research fellow in MIT's Center for International Studies, Bob served as Editor in Chief of MIT's Technology Review, then a 10-times-a-year publication with a circulation of 315,000. Bob led the magazine to numerous editorial and design awards and oversaw its expansion into three foreign editions, electronic newsletters, and highly successful conferences. As BusinessWeek's technology editor, he shared in the 1992 National Magazine Award for The Quality Imperative. Bob is the author of four books about technology and innovation. Naval Innovation for the 21st Century (2013) is a post-Cold War account of the Office of Naval Research. Guanxi (2006) focuses on Microsoft's Beijing research lab as a metaphor for global competitiveness. Engines of Tomorrow (2000) describes the evolution of corporate research. The Invention That Changed the World (1996) covered a secret lab at MIT during WWII. Bob served on the Council on Competitiveness-sponsored National Innovation Initiative and is an advisor to the Draper Prize Nominating Committee. He has been a regular guest of CNBC's Strategy Session and has spoken about innovation at many venues, including the Business Council, Amazon, eBay, Google, IBM, and Microsoft.