Roundtable Recap: August 25 – Open Problems in Data and Design with Dheeraj Pandey

During this week’s roundtable, we had as our guest Dheeraj Pandey, founder of Nutanix and DevRev. The conversation spans a variety of topics and has some brilliant insights on the gaps in the tech industry.

HOP into Homecare

For our entrepreneur pitch, we had Monika Virk from Aldie, Virginia, pitching HOP into Homecare.

You can listen to the recording of this roundtable here:

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Featured Videos

Decacorns: Faire Brings Small Retailers Together to Compete with Big Players

According to reports, small businesses in Europe and North America are a $2 trillion market. The recent pandemic has seen even these businesses accelerate their digital transformation. It is mostly incomprehensible to see how these small retailers can compete with the might of retailers like Amazon and Walmart. But there are companies like Faire who are trying to make it a more level field for them.

1Mby1M Virtual Accelerator Investor Forum: With Pawel Maj, Investment Director at Warsaw Equity Group (Part 4)

Sramana Mitra: We are big fans of capital-efficient businesses that are not necessarily chasing unicorns. Partly, the problem I have with this unicorn chasing is flushing these companies with too much capital. Then the exit bar is so high that companies end up in this twilight zone where they’re burning too much cash, can’t raise more money, and can’t find an exit because the valuation requirements are too high to have a profitable exit.

I’m pleased to hear that you are acknowledging that there are other ways of building businesses. Now there is a question though. How much exit capacity exists in the region? If there are 5,000 to 10,000 startups, how do you think this is going to play out?

Video FAQs

Building a Capital Efficient Healthcare AI Venture to $20M: Deepak Gaddipati, Founder and CTO of VirtuSense (Part 5)

Deepak Gaddipati: If you’re over 65, that person is 33% likely to fall. Of the 33%, 20% will get a major injury, about 6% will have falls with major injuries. Once you have a fall with a major injury, your immediate cost is about $34,000 for treatment. If a person falls – not just falls with injury – the likelihood of dying within the next 12 months is over 70%. The stats are pretty much stacked against someone who falls.

When we look at hospitals, it was reacting. What we did in 2016 was we took a portion of the company and asked them to work on the LiDAR technology in-room. We had a sensor that goes on the wall. It reconstructs the whole room in 3D and figures out where everything is.

Decacorns: Devoted Health Focuses on Simplifying Medicare Insurance

According to a recent report, the global InsurTech market is estimated to grow at a whopping 46% annually to reach $114 billion by 2030 from $3.77 billion in 2021. Within the industry, the health care segment is expected to grow to $32 billion by 2030. Waltham, Massachusetts-based Devoted Health is a comparatively smaller player in the market. But it is expanding its geographic footprint one state at a time.

587th Roundtable for Entrepreneurs Starting NOW: Live Tweeting by @1Mby1M

Today’s 587th FREE online 1Mby1M Roundtable For Entrepreneurs is starting NOW, on Thursday, August 25, at 8 a.m. PDT/11 a.m. EDT/5 p.m. CEST/8:30 p.m. India IST. CLICK HERE to join. PASSWORD: startup  All are welcome!

1Mby1M Virtual Accelerator Investor Forum: With Pawel Maj, Investment Director at Warsaw Equity Group (Part 3)

Sramana Mitra: Sometimes when you’re in a fundraising cycle, you may not be quite ready for the investor to write the check, but you build the relationships and show traction. At some point, it will converge potentially if you know what your target is. Pawel is explaining that the target is $50,000 MRR.

If you start the relationship when you’re at the $10,000 point, you have to inch your way up to $50,000 MRR before the investment is going to happen. Investor relationship management is important. If the market is of interest and the team is of interest, sometimes investors just take a little bit of time to see how you’re performing. That is the notion of investor-entrepreneur fit.

Building a Capital Efficient Healthcare AI Venture to $20M: Deepak Gaddipati, Founder and CTO of VirtuSense (Part 4)

Sramana Mitra: How many nursing homes are using the product?

Deepak Gaddipati: We did a lot of trade shows. In 2018, we got connected with Ziegler, which is an investment banker that does underwriting for hospitals and nursing homes. Whenever you want to build a new nursing home or a new hospital, they put out bonds and they raise $50 million, $100 million, or whatever it is.