Digital Health Heavyweights
This conversational podcast brings you exclusive interviews with all the Heavyweights in Digital Health. Hosted by Norm Volsky, a top industry headhunter, whose team helped scale companies including Livongo, Hinge Health, Lyra, Virta, Progyny and many more. This series will bring listeners insights into the latest trends, technologies, and strategies driving the digital health revolution.
In each episode, Norm sits down with some of the most influential and innovative leaders in healthcare technology today from legendary founders who have built successful companies, venture capitalists who have led funding rounds, HR/Benefits leaders at forward thinking companies, Consultants and Brokers at the top benefits consulting firms, and other impactful visionaries challenging the status quo in healthcare. Listeners can learn from the industry greats who have created what we now know as health benefits, and who are changing the face of healthcare as we know it.
Whether you're a healthcare professional, a tech enthusiast, a start-up founder, benefits aficionado, jobseeker in Digital Health, or simply curious about the future of healthcare, Digital Health Heavyweights has something for you.
Digital Health Heavyweights
Episode 30- Matt Hermann, Healthcare Investor
Welcome back to the Digital Health Heavyweights hosted by Norm Volsky!
In Episode 30, we are joined by Matt Herman, a seasoned executive in healthcare investing, who shares his insights and experiences. He discusses his inspiration for entering healthcare with a finance background and his role at Ascension Ventures. Matt highlights the success of the model and the factors that contribute to achieving outsized financial returns. He also talks about the impact of COVID-19 on the healthcare sector and how his team navigated the challenges during that time. Matt shares his advice for founders raising funds and discusses the future of venture firms in the healthcare space. He also shares his personal strategies for managing stress and maintaining a healthy lifestyle.
Takeaways:
💰 Combining a love for mission and business can be achieved through healthcare venture investing.
🤝Building a community and fostering relationships with health systems can provide strategic value beyond capital investment.
⤴ Early success is critical in building credibility and attracting investors.
💫Differentiated models and shared services can set venture firms apart and provide additional value to portfolio companies.
🏋️♂️Investing in founders with grit, resilience, and an openness to new ideas is key to success.
Chapters:
00:00
Introduction and Background
01:27
Inspiration to Enter Healthcare
05:04
Success of the Model
07:15
Navigating the Diverse Landscape of Startups
08:38
Achieving Outsized Financial Returns
09:50
Impact of COVID-19 on Healthcare Sector
11:26
Onboarding LPs
14:32
Delivering Strategic Value to Health Systems
15:59
Notable Investments and Success Stories
19:08
Identifying Red Flags in Founders
23:05
Bullish on Emerging Trends and Technologies
25:26
Differentiating Venture Firms in the Healthcare Space
28:38
Adding Value Post-Investment
32:17
Advice for Founders Raising Funds
35:30
Venture Firms of the Future
40:30
Managing Stress and De-Stressing
41:52
Healthy Recipes and Eating Habits
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