Sramana Mitra: Is there anything else from your strategic thought process that you want to share that has helped you achieve what you’ve achieved so far? Terry Ryan: I would just like to touch for a moment on VCs, private equity, and growth capital, I’ve done all the above. When people talk to me about that
Sramana Mitra: You’ve been in the market for five years. You have not raised any other funding after that $10 million seed round. Where are you now? Terry Ryan: We have definitely turned down funding. It’s a very interesting world in healthcare IT right now. Sramana Mitra: Yes, it’s a very interesting world. Terry Ryan:
Sramana Mitra: That was what I was trying to extract. One of the things that is always very compelling is if you can solve a serious enterprise problem for people who have a lot of money and for whom you can end up saving a lot of money. That’s the reason why I took you
Sramana Mitra: Healthcare IT has been a very active field in terms of startups and innovation in the last 10 years, maybe. What was the next level? As you double-clicked down on healthcare, what are the other sets of choices? What was the next level of process to determine where in healthcare you were going
Sramana Mitra: So about 2008, you were done with HP? Terry Ryan: That’s when I started the current business I’m running. I had successful exits in the 90s with companies in which I was an early employee but I wasn’t a founder of those companies. I had some nice exits in three or four cases before I
Sramana Mitra: They were very heavy. I’m a very small woman having to carry this heavy laptop. It was no fun at all. What was the first company? Terry Ryan: It was called Knightsbridge. It was a company that was focused on Big Data architectures. This was in the early 90s before it was cool
At the cusp of three major trends, Big Data, Cloud Computing, and Healthcare IT, Terry Ryan is building a very interesting company from Chicago. The company is profitable, already of substantial scale, and at a very exciting juncture. Sramana Mitra: Let’s start at the very beginning of your journeys. Where are you from? Where were