Sramana Mitra: Healthcare is big, but it’s cumbersome. It’s one of the biggest exit barrier systems, right? You’ve all these legacy systems that refuse to exit, that refuse to budge, and entrepreneurs have a really hard time getting their toehold – not even foothold – toehold into those homes. Where did you find the entry
Sramana Mitra: How long did you stay there? Ganesh Padmanabhan: About two and a half years. During that time, we went from about $3 million to about $30 million ARR. It was very fast growth. It was early days of AI and we learned a lot.
Sramana Mitra: Okay. So, now I have a picture of your timeline to double click down on. So, tell me about the startup that you did – where you got acqui-hired. How long was that journey?
Ganesh has executed on a textbook case study of building a vertical AI company in Healthcare with a clear human-in-the-loop strategy that VCs are salivating over. Read on, much to learn.
Sramana Mitra: What is going on in the thought process of the venture capital community vis-a-vis healthcare drug discovery and general AI in the healthcare and life sciences area? When the lean startup movement came about, SaaS was the dominant field in which VCs were investing for maybe even 15 years, the venture capital industry
Sramana Mitra: So now, let’s switch a little bit to surgery. Now comes the domain of robotic surgery, which is again, a very, very important and very promising area of AI application. It could really change human’s level of access to healthcare in a very big way. However, from a startup point of view, building
Sramana Mitra: Some of you here would remember, Gus would definitely remember that many years ago, I came up with a formula for the future of the web. It was called Web 3.0 = (4C + P + VS).
Sramana Mitra: So, Gus, could you also discuss Joanna Strober’s company that you have invested in and have been tracking for a while? I think it’s a good case study to discuss in this context. Gus Tai: Absolutely. The company is called Midi Health, and I was a seed investor with Midi. That company is