AI Investor Forum: Gus Tai on AI in Healthcare (Part 8)

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 kind of settled into this model that you bootstrapped to some level of validation and then start raising money.

AI Investor Forum: Gus Tai on AI in Healthcare (Part 6)

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).

AI Investor Forum: Gus Tai on AI in Healthcare (Part 5)

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 a good illustration of how entrepreneurs, regardless of how they want to think about raising money, can approach industries. There was a latent need and a discontinuity in being able to serve that latent need.

AI Investor Forum: Gus Tai on AI in Healthcare (Part 4)

Sramana Mitra: Yes. On the process side, we’ve had a company become quite successful in the program. It is bootstrapped. We looked at raising money, but eventually, it was going fine as a bootstrapped company. I think it continues to bootstrap. It’s called CliniOps.

AI Investor Forum: Gus Tai on AI in Healthcare (Part 3)

Sramana Mitra: Now, let’s shift to medical imaging, which is another area where AI is having lots of impact. There are lots of companies working in this field, and lots of entrepreneurial efforts going on in this field. The question that I’m of thinking about is that, are these going to be unicorn style opportunities?

AI Investor Forum: Gus Tai on AI in Healthcare (Part 1)

Gus Tai, Investor, Board Member and Retired General Partner at Trinity Ventures, discusses AI in Healthcare startups. Fascinating, comprehensive discussion with concrete pointers.

AI Investor Forum: Gus Tai on AI in Education (Part 6)

Sramana Mitra: We just discussed very thoroughly the K through 12, but in higher education, where we are dealing with much more complex topics and material, having the framework of a college or a university framework of teachers and professors, having a grading system or a degree system etc. and being part of that construct is actually helpful.

AI Investor Forum: Gus Tai on AI in Education (Part 5)

Sramana Mitra: This is interesting. It’s a little bit of a diversion, but I recently had an experience with a very close friend of mine who very readily condemned Joe Biden for pardoning his son. I don’t feel so strongly about that pardon because this is a father who has lost two children and a wife, and this is his only surviving son. Given that power, he is bound to make that choice. In my opinion, I don’t know any parent who would not make that choice. If I do the theory of mind experiment, I don’t see any father or any parent making any other choice given that power. The real question is, should a president have that kind of pardoning power?