Todd Johnson

Look, healthcare makes up a sixth of our economy.

It is an insanely complex, convoluted, and unbelievable industry.

But at the core of it, everyone is a healthcare seeker, right?

Everyone needs the healthcare delivery system at some point in their life.

And also at the core of it, the healthcare delivery system has attracted people that really want to do good physicians, nurses.

And so you can find a lot of good opportunities to introduce change in the system that I think desperately needs it.

Yeah, so I think the simple example is it was a company that began to replace some of the really mundane sort of paper processes inside of hospitals at the point of service with tablet OS, if you can remember what that was, and then ultimately sort of iPad and iPhone-based solutions to capture information at the bedside between the physician and the patient and automate a bunch of business back-end processes that are necessary to keep a hospital and a physician group running.

And I guess the second part of your question, how do you exit?

You know, the race to digitize medicine is dominated by electronic medical record vendors and medical transcription vendors.

And we sold that company to the nation's second largest medical transcription firm in 2011.

Yeah, it was a $15 million exit.

That was a company that had no venture capital, so it was me and my partners and our employees.

It was actually a nice exit.

Yeah.

Yeah, depending if I can keep my spending and my wife's spending habits in check.

You know, we live in Silicon Valley.

Woo, rent, baby.

Yeah, it's a pretty astonishing market.

I wish I was in commercial real estate in Silicon Valley.

Well, I think there's a couple of things.