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

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Building a Capital Efficient Healthcare AI Venture to $20M: Deepak Gaddipati, Founder and CTO of VirtuSense (Part 3)

Sramana Mitra: When you raised angel financing, did you already have these nursing homes working with you on the pilot? Deepak Gaddipati: No. First, we developed the product. We looked for the biggest physical therapy conference. There was one conference in Vegas within three days. They had a booth open, so we bought it. We

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Building a Capital Efficient Healthcare AI Venture to $20M: Deepak Gaddipati, Founder and CTO of VirtuSense (Part 2)

Sramana Mitra: What year are we in now? Deepak Gaddipati: 2012. In 2013, we licensed some of the technologies we developed and started Virtusense. The single objective when I started was to prevent falls. I was very passionate about it. I really wanted to figure out a solution. We didn’t have a solution, but we

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Building a Capital Efficient Healthcare AI Venture to $20M: Deepak Gaddipati, Founder and CTO of VirtuSense (Part 1)

Deepak has built a capital-efficient fall-detection company from Peoria, Illinois with a backend engineering team in Rawalpindi, Pakistan. It’s an impressive entrepreneurial journey with a mission-driven company that is making real impact in the lives of seniors with fall risk. Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from?

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Building a European EdTech Unicorn from Vienna, Austria: Felix Ohswald, CEO of GoStudent (Part 5)

Sramana Mitra: Talk about financing. Before the pivot, you raised $3 million. What happens after the pivot? Felix Ohswald: We raised $600 million in all. Sramana Mitra: What was the next round immediately after the pivot? Felix Ohswald: We pivoted in 2019. We had 12 months where we tested out a couple of things. At

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From Developer to Solo Entrepreneur to $5M+ Revenue: Sporcle Founder and CTO Matt Ramme (Part 6)

Sramana Mitra: What is the financial engineering of an acquisition like this? You have not raised any money for this company, right? Matt Ramme: Correct. Sramana Mitra: Private companies acquiring private companies is very complicated to pull off. Talk a little bit about that.

Building a European EdTech Unicorn from Vienna, Austria: Felix Ohswald, CEO of GoStudent (Part 4)

Sramana Mitra: You said you talk to parents to map out a journey. Can you double-click down on that a bit? How much tutoring does a family require? Felix Ohswald: On average, a family consumes eight sessions per month. That’s two sessions per week. One session is about 50 minutes in our case. On average,

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From Developer to Solo Entrepreneur to $5M+ Revenue: Sporcle Founder and CTO Matt Ramme (Part 5)

Sramana Mitra: We have touched the big milestones in 2009. You have started monetizing enough to get yourself salaries. You have brought in the CEO who’s helping you monetize. What is the next inflection point? Matt Ramme: From the very beginning, I had a link to send feedback. People had a lot of ideas. We

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