Claim OwnershipThe Physician Syndicate: Angel Investing | Venture Capital | Startups | Personal Finance
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© Gregory Hanson, MD, MPH & Ronak Parekh, MBA
Description
The Physician Syndicate Podcast, hosted by Dr. Greg Hanson, creates a space for physicians to learn the angel investing world from the ground up. We transport you to the world of startup building, capital raising, value creation, and exits. Learn from top physician angels, venture capitalists, and founders on everything from portfolio construction to picking winners. We are dedicated to educating physicians, medical students, resident doctors, dentists, and others about Silicon Valley. Learn more at http://physicians.vc/
63 Episodes
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Joe Eibl, the CEO and co-founder of Flosonics joins the podcast to discuss building a medical device for measuring blood flow non-invasively.
The first prototype
Raising that initial friends/family round
Raising $20m
Creating devices that actually benefit patients
Publishing peer-reviewed literature
Flosonics Medical -- https://flosonicsmedical.com/
Joe Eibl -- https://www.linkedin.com/in/joe-eibl-570909158/
Ronak and Greg discuss where they've been the past week or so and what they've been up to. Throw in a couple references to Bezos, Jobs, Buffett. And hear us discuss thinking through a new startup idea and whether we will do anything about it.
Join the newsletter -- thephysicianjobboard.substack.com
Ronak interviews Greg on all the tools and resources he uses to get an Airbnb up and running smoothly!
Using your brokerage account to your advantage -- Schwab
Negotiate offers in this down market
Find new ways to finance the home outside of traditional banks -- Better.com, Ally
Tools to buy, store, and build furniture -- Minoan, Arnoff
Price adjustments on Airbnb listing to maximize profit -- Pricelabs
And much more!
Join the newsletter -- https://gregoryhansonmdmph.substack.com/
Greg and Ronak discuss a couple recent cases of overt fraud from startups trying to pitch us for an angel investing.
How to perform due diligence on cold outreach
How to test a founder to make sure what they are building is real
Don't forgot to trust your gut -- if it sounds too good to be true, it probably is
Join the newsletter -- https://gregoryhansonmdmph.substack.com/
On today's episode, Greg and Ronak chat about the cryptocurrency industry with specific topics including:
-What is value proposition of cryptocurrencies
-Securities vs. Commodities
-What makes Bitcoin different
-How valuable is this space
-Only invest in what you really know well
Greg and Ronak discuss the a16z and General Catalyst backed startup -- Hippocratic AI -- after a new Forbes article details the founder, Munjal Shah's past with HealthIQ and the numerous lawsuits that have emerged from vendors.
Forbes Article -- https://www.forbes.com/sites/katiejennings/2023/06/12/lawsuits-allege-this-startup-ripped-off-millions-from-vendors-andreessen-horowitz-backed-the-former-ceos-new-company-anyway/?sh=308821e73268
Join the newsletter -- https://gregoryhansonmdmph.substack.com/
Jeff Bezos ( Amazon.com ) - Amazon Link
Elon Musk ( Tesla and SpaceX ) - Amazon Link
Steve Jobs ( Apple ) - Amazon Link
Kobe Bryant ( Basketball ) - Amazon Link
Michael Jordan ( Basketball ) - Amazon Link
Phil Knight ( Nike ) - Amazon Link
Dr. Jennifer Schneider joins the podcast to discuss going from hospitalist to Director at Castlight and working her way up to Chief Medical Officer.
Taking Livongo public PLUS the merger with Teladoc
Joining General Catalyst as an entrepreneur in residence (EIR) and joining forces to create Homeward
Homeward's approach to rural healthcare -- click n' mortar
What is Jenny's goal with Homeward?
Raising $70m from General Catalyst, ARCH, and Human Capital
Her thoughts on physician entrepreneurs
Homeward -- https://homewardhealth.com/homepage
Dr. Schneider -- https://www.linkedin.com/in/jenniferjaneschneider/
Join the newsletter --> https://gregoryhansonmdmph.substack.com
Greg and Ronak discuss M&A and how to position your startup for acquisition.
Developing relationships with corp dev
Using a new raise to create FOMO
Are Investment Bankers worth their price?
How to get the highest valuation possible
Differences between acqui-hires, strategic acquisition, and revenue capture (Private Equity)
Should you take cash or equity
Greg: https://www.linkedin.com/in/gregory-hanson-md-mph-95671a5a/
Ronak: https://www.linkedin.com/in/ronakp1/
Join the newsletter --> https://gregoryhansonmdmph.substack.com/
Greg interviews Shiv Rao, MD the co-founder and CEO of Abridge, an AI clinical documentation company that is focused on making physician's more efficient and reducing burnout/moral injury.
Shiv's clinical training in internal medicine and cardiology
Jumping into venture capital with UPMC
Origins of Abridge and why he wanted to solve this specific problem
Raising capital from amazing investors at Union Square Ventures, Bessemer and more
How does Shiv think about building a product that is really meant for him and other practicing physicians, nurses, clinicians
Thinking through burnout and moral injury given the impact on physician time and efficiency while using the Abridge product
Check out Abridge -- https://www.abridge.com/
Connect with Shiv -- https://www.linkedin.com/in/shivdevrao/
Fred Wilson Blog -- https://avc.com/
Join the newsletter --- https://gregoryhansonmdmph.substack.com/
Greg discusses Apple's newly announced product -- Vision Pro -- which is an augmented reality headset.
Watch the Apple announcement and marketing video here -- https://www.youtube.com/watch?v=TX9qSaGXFyg
Apple Vision Pro -- https://www.apple.com/apple-vision-pro/
Join the newsletter -- https://gregoryhansonmdmph.substack.com/
Greg and Ronak discuss a subject that probably should be talked about more often -- cold outreach to potential clients. It's not always fun to do it but it needs to be done to grow that startup from idea to revenue.
LinkedIn Sales Navigator
Octopus -- automate LinkedIn connecting and messaging
SeamlessAI -- find any contact, anywhere, anytime
YesWare -- easy to create email campaigns within your gmail account
How to write cold outreach messaging
Octopus -- https://octopuscrm.io/
YesWare -- https://www.yesware.com/
SeamlessAI -- https://seamless.ai/
Join The Physician Job Board newsletter -- https://gregoryhansonmdmph.substack.com/
Greg interviews the CEO and founder of Chartnote
Bootstrapping Chartnote from 0 to 7000 users
Why not raise venture capital?
How ChatGPT/LLMs have changed Chartnote's product
AI scribe plus a demo with a quick case of a 78F presenting with fever and cough
Where does Dr. Bonilla want his startup to go?
What is on the product roadmap
Chartnote: https://chartnote.com/
Chartnote AI scribe: https://referral.chartnote.com/ai-scribe
Gerardo Bonilla, MD -- https://www.linkedin.com/in/gerardo-gb/
Demo: https://youtu.be/1diM-KxJBOE
Ronak and Greg dive into another fundamental aspect of building a startup - how to actually pitch investors.
Resources to find active venture capitalists and angel investors -- TechCrunch, Crunchbase, LinkedIn, Google, Twitter/other social media
How to research a venture partner/associate/principal to find the right person at a firm
How do you get their email address?
How to approach the cold email - hint: make it personal and show that you have actually done a bit of work to understand their investing thesis and interests
Booking that first pitch meeting
Run through slides or free form pitch?
Follow-up with the partner or slow play it?
How to read an investor
Join the newsletter -- https://gregoryhansonmdmph.substack.com/?utm_source=substack&utm_medium=email&utm_content=share&action=share
Ronak and Greg go deeper into one of the fundamental components of building a startup -- the pitch deck.
Go slide by slide to understand what needs to be in an early-stage pitch deck.
Team slide -- who goes on it and what vital information do you need?
Introduction -- what are you building
Problem statement -- how well do you know the problem you are looking to solve?
Solution slide -- concise yet complete understanding of how your product/business will solve these challenges within your target customer group
Features you are going to build -- show VCs what your product roadmap looks like
Competition slide -- who is already in the startup scene doing something similar to you and why are you different?
Raise slide -- how much are you looking to raise, what are the deal terms, what are funds going to be used for?
Join our newsletter --> https://gregoryhansonmdmph.substack.com/?utm_source=substack&utm_medium=email&utm_content=share&action=share
Slide Bean Pitch Deck Videos -- https://www.youtube.com/watch?v=iu8d2Kd8e4o
Airbnb Pitch Deck -- Raising $600k -- https://slidebean.com/blog/airbnb-pitch-deck
Ronak and Greg discuss some of the more practical and tactical advice on how to actually validate a startup idea and take it from nothing to MVP and beyond.
Validating your idea -- how to test if someone actually wants it
Building out landing pages or sending out messaging for the product before it's built
How to get some initial revenue traction
Forming a Delaware C. Corp
Building out your MVP on the cheap
Find your co-founders
Splitting equity with co-founders
Raising capital
And so much more!
Join the newsletter --> https://gregoryhansonmdmph.substack.com/?utm_source=substack&utm_medium=email&utm_content=share&action=share
https://www.physicians.vc/
Ronak and Greg discuss the variety of ways in which physicians can get involved with startups from pre-seed all the way through pre-IPO companies.
Full-time employment
Part-time/consulting
Medical advisory board
Board of Directors
Chief Medical Officer
Investing
On today's episodes Ronak chats with the leaders, Muthu and Veeresh, from Kencor Health. They discuss entrepreneurship, technology, and how remote healthcare management can be game-changing in the way hospitals operate.
Kencor Health: https://www.kencorhealth.com/
Muthu Krishnan: https://www.linkedin.com/in/muthu-krishnan-34968012/
Veeresh Nama: https://www.linkedin.com/in/veeresh-nama-chcio-049a842/
Ronak and Greg discuss who Ronak believes to be the most powerful/influential person in the world -- Larry Fink.
BlackRock -- history, what they do, what investments have they made?
ETFs -- who controls those voting shares?
Buffet & Berkshire vs. Fink & BlackRock -- market cap discussion
Larry Fink and his estimated net worth
Why Fink only owns 0.7% of BlackRock as the founder and CEO
Public vs. Private companies
Financial Review Article -- https://www.afr.com/wealth/investing/wall-streets-us6-trillion-man-larry-fink-is-now-personally-worth-us1-billion-20180417-h0yuvk
In today's episode, Ronak interviews the CEO of ShinyDocs, Jason Cassidy.
ShinyDocs recently raised a Series A investment with First Ascent Ventures as their lead investor. This interview touches on the following questions:
-Why can software companies iterate very quickly?
-What is the primary product ShinyDocs offers?
-How does ShinyDocs think about privacy concerns?
-What is the value proposition to customers?
-What makes a good investor?
ShinyDocs: https://shinydocs.com/
ShinyDocs raises $16.25m in a Series A: https://www.finsmes.com/2023/03/shinydocs-raises-16-25m-in-funding.html
Jason Cassidy: https://www.linkedin.com/in/jcassidy/
Ronak: https://www.linkedin.com/in/ronakp1/
https://www.physicians.vc/
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