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Fantastic podcast on building a healthcare startup by @a16z (one of the best VCs) podcasts.apple.com/ca/podcast/a16… Thanks @pnehrer. Might b interesting @willfalk, @liamkaufman, @joshuapliu, @ZaynaKhayat, @IlanShahin
@a16z @pnehrer @willfalk @liamkaufman @joshuapliu @ZaynaKhayat @IlanShahin Not adopting cloud in the past was all due to risk aversion 2/5
@a16z @pnehrer @willfalk @liamkaufman @joshuapliu @ZaynaKhayat @IlanShahin Software is shifting on a different axis, data is becoming more and more valuable. If you have ways to ingest data, clean it and make it meaningful it is valuable 3/5
@a16z @pnehrer @willfalk @liamkaufman @joshuapliu @ZaynaKhayat @IlanShahin Having a tech enabled service is a valuable thing, and scalable business especially when it reduces friction (not linearly) then all of a sudden tech enabled business can grow and scale it 4/5
@a16z @pnehrer @willfalk @liamkaufman @joshuapliu @ZaynaKhayat @IlanShahin It was better our engineering team came outside of healthcare so they can think out of the box and not married to the way things are done today 5/5
@a16z @pnehrer @willfalk @liamkaufman @joshuapliu @ZaynaKhayat @IlanShahin The data sets are so complex, such as volume, regulatory requirements, so building the pipes in the most modern way possible is vital
@a16z @pnehrer @willfalk @liamkaufman @joshuapliu @ZaynaKhayat @IlanShahin The leader of the organization should have deep expertise in the market, such as cultural nuances to set strategy
@a16z @pnehrer @willfalk @liamkaufman @joshuapliu @ZaynaKhayat @IlanShahin Timelines are especially warped in healthcare, it just takes longer to get introduced into healthcare. Mass market in healthcare was 17 years in healthcare. E.g. we still have fax machines.
@a16z @pnehrer @willfalk @liamkaufman @joshuapliu @ZaynaKhayat @IlanShahin Once you do make it, the longevity of the market is incredibly promising given the LTV. You should have enough runway to have the model playout given the sale cycle. Nothing meaningful in healthcare happen <3 years. MVP does not exist in healthcare. You have to create a category
@a16z @pnehrer @willfalk @liamkaufman @joshuapliu @ZaynaKhayat @IlanShahin In other industries you can get start with 1 feature, but if you are ripping something out in healthcare ...it has to be fully baked. Need a full solution, very hard to have a point solution. In healthcare people are looking for complete solutions
@a16z @pnehrer @willfalk @liamkaufman @joshuapliu @ZaynaKhayat @IlanShahin Build an interdisciplinary team early on, understand who will pay for your solution as there is many misalignment in incentives. There is anything to do to make healthcare better it is extraordinary satisfying <3
