Sensi.AI’s Post

Breaking Down the Hype: The Real Deal on Digital Health Startups Starting a digital health startup? Here’s a reality check that may be as refreshing as it is startling. It’s not all about billion-dollar valuations or using buzzwords like 'disruptive' to describe every initiative. In the mystifying world of startups, we seem to have veered off into a realm where the language around our ambitions has overshadowed the essence of innovation itself. In our quest for exponential growth, it's easy to get caught up in the allure of astronomical figures and forget the foundational aspects of building a sustainable business. Terms like 'billion' customers or dollars have become so common that they risk losing their impact, diluting the sincerity of our initiatives. Similarly, the emphasis on rapid week-on-week growth, while impressive, overshadows other crucial growth metrics that provide a more holistic view of a company's progress. Moreover, in this era where every startup claims to be 'disruptive', there's a growing need to revisit what innovation truly means. Is it merely about overturning existing markets, or is there room for startups that aim to quietly revolutionize sectors without the blaring fanfare? Perhaps it's time we champion those ventures focusing on concrete solutions rather than those fixated on how loudly they can announce their presence. Let's not forget the essence of entrepreneurship: solving real problems with practical solutions. While funding rounds and valuations are important milestones, they are not the sole indicators of success. Impact, sustainability, and genuine innovation should regain their standing as hallmarks of a successful digital health startup. In conclusion, while aiming for exponential growth and market disruption are worthy goals, let's ensure they don't come at the expense of true innovation and solving real-world problems. As we navigate the digital health landscape, it's crucial to remember that at the heart of every startup should be a desire not just to succeed financially but to make a tangible difference in people’s lives. #startup #entrepreneur #innovation #healthcare

Launching Two Apps in the next 100 Days! Careblue Health and Medroll_net 🚀 Day 01 of 100 Days of Startup series! 🌟 #startup #entrepreneurship #careblue #medroll #healthcare #healthtech

Discovering the secrets behind building successful businesses unveils a world of diverse approaches. There’s the time-tested "dhanda" method, the adrenaline-fueled VC-funded model but there’s a third one rapidly gaining prominence- the game-changing Venture Studio approach! Pankaj Jethwani, MD MBA, the brains behind 2070 Health, a health-focused venture studio presents this fascinating alternative. Unlike traditional VCs, venture studios like 2070 Health don't wait for pitches from founders. Instead, they have a clear investment thesis and actively seek out founders who can execute that vision. In the world of venture studios, startups are nurtured with resources, expertise, and a powerful network. It's like turbocharging growth while minimizing the risks of failure. This approach is revolutionizing the startup scene, paving the way for unprecedented success. In this episode, Pankaj offers a deep dive into the world of venture studios, sharing insights gleaned from his experience running both 2070 Health and W Health Ventures. Tune in to explore the intersection of entrepreneurship, health tech, and venture capital! ▶️ Watch the full episode at: https://lnkd.in/gHRxK-6Z 🎧 Listen at: podm.in/whealthventures #VentureStudio #Innovation #IndianStartups #FounderThesis #HealthTech Entrepreneur India, YourStory Media, Inc42 Media

What does it take to build a startup? As Paul Graham believes, "You need three things to create a successful startup: to start with good people, to make something customers actually want, and to spend as little money as possible. Most startups that fail do so because they fail at one of these. A startup that does all three will probably succeed." At a Venture Studio, where you are building multiple startups, you have to repeatedly identify something customers actually want while spending as little money as possible. In healthcare, it is exponentially harder. Doctors and physician leaders have little time to engage with a "new entrepreneur," patients are probably going through the toughest times in their lives to be "interviewed," and infrastructure is always playing "catch-up." This is where you really need good folks who have: 1] high agency to drive value with as few resources as possible, 2] high empathy to have tough conversations to identify and solve problems, 3] high creativity to always think of solutions. I'm proud to announce Saurav's promotion to Associate on my team at New Ventures. He embodies all of these qualities of high agency, empathy, and creativity and has repeatedly helped identify large promising spaces in healthcare where we can make a significant impact. Thank you, Saurav, for all the hard work over the last year. I'm excited for what’s to come! Ashish, Ruhika, Namit, Pankaj #healthcare #promotion

Discovering the secrets behind building successful businesses unveils a world of diverse approaches. There’s the time-tested "dhanda" method, the adrenaline-fueled VC-funded model but there’s a third one rapidly gaining prominence- the game-changing Venture Studio approach! Pankaj Jethwani, MD MBA, the brains behind 2070 Health, a health-focused venture studio presents this fascinating alternative. Unlike traditional VCs, venture studios like 2070 Health don't wait for pitches from founders. Instead, they have a clear investment thesis and actively seek out founders who can execute that vision. In the world of venture studios, startups are nurtured with resources, expertise, and a powerful network. It's like turbocharging growth while minimizing the risks of failure. This approach is revolutionizing the startup scene, paving the way for unprecedented success. In this episode, Pankaj offers a deep dive into the world of venture studios, sharing insights gleaned from his experience running both 2070 Health and W Health Ventures. Tune in to explore the intersection of entrepreneurship, health tech, and venture capital! ▶️ Watch the full episode at: https://lnkd.in/gHRxK-6Z 🎧 Listen at: podm.in/whealthventures #VentureStudio #Innovation #IndianStartups #FounderThesis #HealthTech Entrepreneur India, YourStory Media, Inc42 Media

Tune in to explore the intersection of entrepreneurship, health tech, and venture capital! ▶️ Watch the full episode at: https://lnkd.in/gHRxK-6Z 🎧 Listen at: podm.in/whealthventures

Thawing from the Arctic Freeze ❄️😅 and sipping hot chocolate ☕, I'll be reflecting over the weekend on how to serve #Startups better in the #VBC space. BTW, Thanks so much for reaching out over the past 24 hrs! 🙌 I appreciate the comments, questions and support for the resource I shared yesterday. Keep 'em coming! (If you missed the Checklist yesterday for Launching a Value-Based Payment Model, DM me your email. I'll email you a copy) Your questions help me shape more impactful content and resources. 👊 P.S: If you are a Startup founder with a burning #ValueBasedCare question, drop me a note 🚀 Cheering for you! 🌟 #HealthcareStartup #DigitalHealth #HealthTech #Innovation I share #ValueBasedCare insights for #Startups and stories from my entrepreneurial journey. Join me: Follow and hit 🔔 for notifications. Feel free to reshare if it can help your network. ♻️

👉 #Startups in #healthcare and #lifesciences: These 6 lessons are worthy of a quick read from MedCity News. It's mistakes like these that I too, see repeatedly, when approaching #customers and #funders. If you want to avoid these pitfalls and apply what Adam Grant calls "better practices," you may want to check out my new book (link in the first comment plus a discount code 😉 ). #startupsuccess #startupfunding #startuppitch #healthcareonLinkedIn

I created a Checklist for Launching a Value-Based Payment Model for #Startups. If we want Healthcare Innovation to thrive, we need Payment Models that can Support Growth + Impact Outcomes. Budget Constraints of healthcare organizations often cannot support upfront fee-based revenue models for #Startups. Can you relate? So, I went and talked with 15 Startup Founders to learn their challenges with Value-Based Payment Models. Overall Verdict? (unsurprisingly) Value-Based Payment Models are Complex and Overwhelming. Ergo: Healthcare innovation won't get the needed traction to make impact (UGH...) So I did what every (semi) obsessed #ProblemSolver does... 🤓 I created a checklist. LOL In tomorrow’s post, I’ll be sharing instructions on how to access this Free Resource. Be on the lookout! P.S: A Shout-Out to my Startup Founders! You are doing amazing work and more help is on the way if you need it! #HealthcareStartup #DigitalHealth #HealthTech #HealthcareInnovation ------ I talk about #valuebasedcare for #Startups and my #entrepreneurship journey. Join me: Follow and hit the 🔔 button so you get notified when I post. Will folks in your network benefit? Reshare this post. ♻️

I’ve spoken to 100+ health-tech entrepreneurs in the last 6 months. And they are ALL struggling to raise funds and scale. Unlike most industries, health-tech innovators usually don’t have a business background. They come from clinical backgrounds, including researchers and scientists. They all had innovative ideas for solving real problems, creating a societal impact. Some have obtained grant funding and are now seeking Pre-Seed investments, while others received Seed funding from VCs back in 2021 and are now aiming for Series A. While their expertise is clear, 99% of them lack awareness of the market complexities in the health-tech space. Here are some key factors holding them back: 1. Navigating a regulated market: Health tech is heavily regulated, with compliance varying by product class. You must understand which regulations apply (MDR, FDA, HIPAA, GDPR, etc.) depending on the market you're entering. 2. Understanding who’s paying for it: Knowing who will pay for your product is critical. Is it hospitals, clinics, or patients? Many assume insurance will cover their product automatically, but even with a reimbursement code, you’ll need a doctor’s prescription to get paid. 3. Selling to hospitals is complex: You have to convince multiple stakeholders with different value propositions, and each needs to be on board for the sale to happen. 4. Managing funding is a hassle: Building a regulated product while bootstrapped is nearly impossible. Most startups either have public grants or have raised money from friends and family. Now that the funds are running out, they are struggling to raise money from VCs. Every VC says the same thing — "Show me market traction." It’s a chicken and egg story. For VCs to invest, they need market traction. Without regulation (which often requires millions of dollars), the startup cannot commercialise the product. To help with all of these problems, I’ve developed a checklist to help early-stage health-tech startups succeed. So if you're looking to raise $3-5M in seed funding within 3-6 months, just: 1. Send me a connection request 2. Comment ‘Checklist’ below And I’ll share it directly in your DMs. #entrepreneurship #startup #funding