Mega trends are sweeping through the healthcare space driven by the impact of digital technology. In this conversation, we kick around value-based healthcare, digital therapeutics, etc. and how Medocity is adding value to those use cases.
Sramana Mitra: Let’s start by introducing yourself and Medocity.
Raj Agarwal: I’m the President and CEO of Medocity. We founded Medocity about six years ago. >>>
Ariba was the first B2B internet company in history. In this interview, we go back through one of the iconic ventures that shaped Silicon Valley, paving the way for much that came later.
Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of circumstances?
Keith Krach: I was raised in a small town in Ohio right outside of Cleveland. My father had a five-person machine shop in the good times. It was just me and him in the tough times. >>>
Tomer Shiran: Somewhere in the company, we have some data about our customers and business, but we don’t have that ability to ask questions and get an answer because the data is in so many places and it’s in various different structures. It really requires a lot of engineering effort to do anything with it.
The user that has the need to answer this question don’t have the necessary skills or the access to be able to do that. That was the premise. It was to see if we could solve that problem. It’s not, by any means, a new problem but one that companies have struggled with for a very long time. We thought that that provided an opportunity to do something very different from anything that had been done before in the world of analytics. >>>
Yes, concept financing still happens from time to time, especially for fat startups, but you need to have deep domain knowledge, and strong investor relationships, to pull one off.
Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born and what kind of background?
Tomer Shiran: I was actually born in Israel. At the age of one, I moved to the United States so that my dad could do his Ph.D. at Stanford. I spent the next 10 years living in the Bay Area. This was early 80’s. I was on Stanford campus most of the time. Then, we moved back to Israel when I was about 11. I then went through middle school and high school there. I did my military service and undergraduate at the Technion. >>>
Entrepreneurs are invited to the 428th FREE online 1Mby1M mentoring roundtable on Wednesday, January 16, 2019, at 8 a.m. PST/11 a.m. EST/5 p.m. CET/9:30 p.m. India IST.
If you are a serious entrepreneur, register to “pitch” and sell your business idea. You’ll receive straightforward feedback, advice on next steps, and answers to any of your questions. Others can register to “attend” to watch, learn, and interact through the online chat.
During this week’s roundtable, we had as our guest Daniel Keiper-Knorr, Founder and General Partner at SpeedInvest, a venture firm based in Vienna. It’s great to see exciting energy and activity in Vienna, one of my favorite cities.
As for entrepreneur pitches, first up, we had Nedra Fabito from Encinitas, California, pitch Luvvul, an app that allows stylists to shop effectively from across the Internet for fashion.
Sramana Mitra: In a nutshell, you are still looking at unicorn exits as the preferred investment thesis.
Spencer Crawley: Correct.
Sramana Mitra: It is the conventional wisdom of venture capital.
Spencer Crawley: We debated it at length. It’s not something that we took as gospel from day one. It’s a more organic process of building a business and scaling. In a way, it’s a very VC question in terms of when you’re meeting a seed-stage company to have a meaningful internal debate if this is a billion dollar exit or not. It’s a little bit academic. The amount of unknowns are so significant. >>>