Sramana Mitra: I want to close this segment of our discussion with a question. What, in your mind, are some of the open problems that you would like startups to go solve?
Aneesh Chopra: Let’s go through the healthcare discussion we’ve had and identify a few examples along the way. In my dream world, there should be a series of entrepreneurs competing on the development of a digital health advisor or what I call a health information fiduciary.
>>>I’m publishing this series on LinkedIn called Colors to explore a topic that I care deeply about: the Renaissance Mind. I am just as passionate about entrepreneurship, technology, and business, as I am about art and culture. In this series, I will typically publish a piece of art – one of my paintings – and I request you to spend a minute or two deeply meditating on it. I urge you to watch your feelings, thoughts, reactions to the piece, and write what comes to you, what thoughts it triggers, in the dialog area. Let us see what stimulation this interaction yields. For today – Sunrise, Himalayas
Sunrise, Himalayas | Sramana Mitra, 2021 | Watercolor, Pastel, Brush Pen | 8 x 8, On Paper
Sramana Mitra: What is your analysis of their potential to weave them into society?
Aneesh Chopra: We are going to continue down the curve on the cost side. Early in the Obama administration, it cost roughly $2,000 to sequence a genome. We set a goal to get that profitably delivered for under $100 and we’re well on the way to democratizing gene sequencing.
>>>If you haven’t already, please study our free Bootstrapping course and the Investor Introductions page.
Itai Sadan is the Co-founder and CEO of Duda, a company that turns desktop websites into mobile sites. When we spoke in 2013, Itai had over 10 years of experience in business development, partner management, program management, and development. Prior to founding Duda (formerly DudaMobile), Itai was a director at SAP, where he managed the SAP Discovery System program and was in charge of relationships with IBM, HP, and Fujitsu.
Sramana: Itai, let’s start with the beginning of your personal journey. What is the story that paved the way for your entrepreneurial journey?
Itai Sadan: I was born and raised in Tel Aviv, Israel. I did have a six-year stint in South Africa, where our family lived for a while. I went to high school in Tel Aviv and met the person who is the co-founder and CTO of DudaMobile during my high school years. After high school I went to the army and served in the anti-terrorist school. After I completed my three-year army service, I traveled the world a little bit.
In the recent weeks, most technology companies have announced big cost containment measures. Microsoft (Nasdaq: MSFT) was no outlier, as it announced plans to lay off 10,000 workers. The recent second quarter results were not impressive either, as the company missed expectations and reported significant reduction in profits.
>>>Sramana Mitra: The innovation engine of the country also applies to the middle layer, right?
Aneesh Chopra: Now it will be. Earlier in the Obama administration, we launched an initiative called Startup America. You could imagine that you’re building Startup Global is to drive more entrepreneurs into the economy.
As we know, startups have been the engine of net new job creation. When we explore what makes the entrepreneur story work in America, a researcher at Stanford provided the much needed clarity that when the rules of the road of a particular industry change, it’s the entrepreneur who can get there faster because there’s an economic return on a new way.
>>>If you haven’t already, please study our free Bootstrapping course and the Investor Introductions page.
Sangeeta (San) Banerjee is the Co-founder and CEO of ADDA, formerly ApartmentADDA.com, an Indian web application company. She talks about her entrepreneurial journey as a bootstrapped entrepreneur tackling heavily funded competitors. She holds a degree in electrical engineering from Guindy and earned her master’s from Louisiana State University. Prior to founding ApartmentADDA, she worked for Tata Consultancy Services from 1999 to 2003 and then went on to postgraduate education. After graduating from Louisiana State University she worked for Capgemini in Chicago for a year before returning to India to work for SAP India.
Sramana Mitra: Sangeeta, let’s start at the beginning of your story. Where are you from, and what were the circumstances of your childhood?
San Banerjee: I am from Kolkata. I grew up in a very conservative environment. Where I was from, girls were not supposed to ride a bicycle. I went to school on the other end of the city, and I commuted to school by myself. I would ride a bicycle to a ferry, then once on the other side of the river I would take a bus to school. Many people felt that my parents were careless with their daughter’s safety, but my parents really wanted me to be self-sufficient. They wanted me to know how to take care of myself. My belief that I can do anything I want to stems from my parents. I used to face a lot of ridicule for riding a bicycle. They would tell me to stay off the road and tell me to keep my cycle on the playground.
Aneesh offers a thoughtful and comprehensive analysis and vision of the innovation and entrepreneurship opportunities throughout the healthcare system. Fascinating conversation.
Sramana Mitra: Let’s do a little intro and get some background. I know you have a very colorful background.
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