1Mby1M Virtual Accelerator Investor Forum: With Julien Pham, 3CC Third Culture Capital (Part 5)

Sramana Mitra: So in that context, what companies have you invested in and what’s going on?

Julien Pham: Yeah. So for Fund One, we’ve invested in 15 companies so far. We’re probably going to invest in another two or three before we kind of wrap up the investment period for Fund One and start investing out of Fund Two. But out of the 15 companies we’ve invested in since 2021, 11 of them are squarely into digital health across different sectors or conditions like mental health and maternal health.

1Mby1M Virtual Accelerator Investor Forum: With Julien Pham, 3CC Third Culture Capital (Part 4)

Sramana Mitra: Exactly, and the other thing on your empathy question, the fundamental issue around AI is that why is it even necessary for us to replace all healthcare with AI? It’s really powerful. Where AI is really capable and powerful is in diagnostics and non-siloed diagnostics.

1Mby1M Virtual Accelerator Investor Forum: With Julien Pham, 3CC Third Culture Capital (Part 3)

Sramana Mitra: So let me comment on that. I would like to double click down on some of your companies, but on the broad level, I’m very bullish about education as well. I’m extremely bullish about healthcare, no question and AI in healthcare. But the trouble in education is that in the short to medium term, I think there is tremendous potential in education. Especially personalized tutoring is something I’m very, very excited and bullish about. Salman Khan is giving lots of talks about what he is doing with Khanmigo. I think personalized tutoring is an incredible opportunity.

1Mby1M Virtual Accelerator Investor Forum: With Julien Pham, 3CC Third Culture Capital (Part 2)

Sramana Mitra: So, now let’s talk about healthcare, specifically in the US. What kinds of opportunities are you zeroing in on with these investments? I would like to actually brainstorm a bit about the healthcare market in general, because as I’m sure you believe, I also believe that healthcare is one of the biggest opportunities of this next wave of technology – all the AI and everything. Every time you think about it, healthcare is one of the great unsolved problem that AI can really revolutionize.

1Mby1M Virtual Accelerator Investor Forum: With Julien Pham, 3CC Third Culture Capital (Part 1)

Julien Pham, Founder GP at 3CC | Third Culture Capital, talks about the firm’s focus on HealthTech. Julien is a physician by training. Excellent discussion!

Sramana Mitra: It’s my pleasure to welcome back Julien Pham from 3CC, Third Culture Capital for a catch up conversation. Juliane, welcome back.

The Startup Velocity Question: Venture Funding Bootstrapped Startups

As you know, I categorically support bootstrapped entrepreneurs.

There are numerous startups now that have achieved $4M-$5M in revenue without any external funding.

However, it has taken time. Sometimes, it has taken 5-7 years to get there.

VCs, however, are looking for velocity.

The Startup Velocity Question: VC Portfolios

As discussed, the Venture Capital model looks for hyper growth startups that grow at an exponential pace. Companies that can go from 0 to $100M in revenue in 5-7 years.

Hyper Growth is not a natural state of business. Most businesses grow at a linear pace at best.

The Startup Velocity Question: Accelerator Portfolios

There are over 7000 Incubators and 3000 Accelerators around the world by now. On average, they take 25-30 companies per cohort, give each $15k-$150k in pre-seed funding, and off the bat, drive them to seek exponential growth funded by Venture Capital.