Healthcare spending accounts for nearly 18% of U.S. GDP, so it’s no shock that digital well being is attracting document ranges of funding. This yr, VCs have flowed $14.7 billion to well being tech startups, in comparison with $14.6 billion in all of 2020.
Given the excessive price of care in the USA in comparison with different nations, pairing fintech with well being tech is simply good enterprise.
Simon Wu, an funding director with Cathay Innovation, says he’s paying notably shut consideration to those areas of convergence:
Information and the transition to value-based care.
Gamifying shopper wellness to stave off power diseases.
Fintech for affordability and lowering friction.
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For the reason that U.S. Congress handed a $1.9 trillion COVID-19 stimulus package deal this yr that elevated funding for reasonably priced healthcare, Wu says alternatives are increasing for startups on this house.
“We’re solely within the early innings of a digital-first revolution in healthcare, however the convergence of well being and fintech will likely be an necessary catalyst to deal with a few of the most urgent points going through healthcare right now,” in accordance with Wu.
“A contemporary monetary shopper expertise will help construct relationships and belief between sufferers, suppliers and payers.”
Thanks very a lot for studying,
Senior Editor, FiratNews+
From the American heartland, a startup growth
The rising tide of enterprise capital that has lifted startups world wide additionally splashed over America’s Midwest this yr.
Areas like Denver and Chicago “are crushing their 2020 enterprise capital tallies, outcomes that had been at instances already at or close to document highs,” report Anna Heim and Alex Wilhelm in right now’s version of The Alternate.
Zillow could also be pulling up the welcome mat, however rival OpenDoor is increasing into new markets
Quickly after the pandemic hit, the U.S. residential housing market turned feverish as properly.
Overbidding and speedy closings turned the norm, usually facilitated by the pace and comfort supplied by proptech corporations that helped sellers money out shortly so they may get into their subsequent properties.
However shares in Zillow fell 10% final week after the corporate stated it could pause shopping for homes for the remainder of the yr. Not lengthy after, one in all its chief rivals clapped again by asserting that “OpenDoor is open for enterprise and continues to scale and develop,” reviews Ryan Lawler.
He interviewed OpenDoor CTO Ian Wong and Chief Buyer Officer Megan Meyer Toolson to study extra about their plans to develop in a market that’s going through acute labor and provide constraints.
“The final 18 months have been a really dynamic time for the housing market, to say the very least. So we’ve needed to be very aggressive since issues are so dynamic and value appreciation has been very sturdy,” Wong stated.
Bridging the hole: What CISOs should do to get the C-suite on their aspect
On an excellent day, most individuals neglect the chief info safety officer even exists. But when one thing ought to go improper, everybody will demand solutions.
Preserving an organization’s safety measures up to speed whereas getting all stakeholders to implement secure safety practices is a tall order, difficult by the truth that many CISOs aren’t inside the chief decision-making loop.
In keeping with Sean McDermott, founder and CEO of RedMonocle, CISOs ought to meet executives the place they’re.
“You already know why cybersecurity funding is crucial to your function. Now step into your management’s footwear to clarify why it’s essential to theirs,” he writes.
How Lunchclub landed a preemptive time period sheet from Lightspeed
When Lunchclub, a social platform that helps individuals discover new connections in particular industries, launched its fireplace chats service final yr, it instantly discovered itself the topic of loads of curiosity.
A lot so, Lightspeed Ventures handed the startup a time period sheet although its founders weren’t seeking to elevate.
Within the newest FiratNews Reside episode, Lunchclub co-founder Vlad Novakovski and Lightspeed’s Nicole Quinn broke down its Collection A deck, Lightspeed’s funding thesis and the way having a robust investor community makes the distinction between a profitable elevate and a dud.
“Shopper suggestions is every thing to us,” stated Quinn. “It’s the primary most necessary factor that I’m on the lookout for in a slide deck and a dialog. I wish to know, do clients love this?”
Fb’s subsequent chapter simply would possibly make sense
Snap Inc.’s Q3 outcomes final week despatched its inventory tumbling, but it surely wasn’t alone: Apple’s iOS 15 privateness implementation disrupted advert monitoring and measurement for social media and promoting platforms throughout the board.
This potential volatility in advert income may need one thing to do with Fb’s metaverse focus, notes Alex Wilhelm. Is Zuckerberg planning to shore up losses with a leap into VR?
“One thing else should fill the void,” writes Alex. “The corporate’s rebrand matches neatly into that type of push.”
Braze set to place factors on the board for New York’s startup scene in impending IPO
Whereas it was not a unicorn when it final raised capital, NYC-based buyer engagement software program startup Braze could crash by way of the $1 billion valuation mark when it lastly goes public.
As per Alex Wilhelm’s preliminary learn of the startup’s contemporary, new S-1 submitting, Braze appears to have an honest enterprise with rising income (albeit with prices rising quicker than earnings), good retention with a deal with bigger shoppers and a robust subscription enterprise.
“To sum up: Braze is rising properly at scale with modest web losses and no smokescreen-y, pretend revenue numbers on show,” Alex writes.