Venkat Mocherla
๐ค SpeakerAppearances Over Time
Podcast Appearances
And then left that to start a company, like you said, called Midstream, which is all about how do you advance financial sustainability in health care using AI? So that that's sort of my my my career trajectory. It's been it's been really fortunate to work with some amazing people. And I've tried many different purchase, if you will.
And then left that to start a company, like you said, called Midstream, which is all about how do you advance financial sustainability in health care using AI? So that that's sort of my my my career trajectory. It's been it's been really fortunate to work with some amazing people. And I've tried many different purchase, if you will.
I think, look, I've been now. I've been fortunate enough to be part of startups in the last 15 years of all shapes and sizes. And I think about whether it's angel investing, starting my own company or, or helping an entrepreneur. And I've been fortunate enough to do that over and over again, which is that I think I think a lot, of course you start with a thesis and you know, your thesis,
I think, look, I've been now. I've been fortunate enough to be part of startups in the last 15 years of all shapes and sizes. And I think about whether it's angel investing, starting my own company or, or helping an entrepreneur. And I've been fortunate enough to do that over and over again, which is that I think I think a lot, of course you start with a thesis and you know, your thesis,
You know, I've got one in sort of thinking about autonomy in health care, and I'm happy to get to that. But, you know, it doesn't take a genius to understand the challenge in health care. We have a massive workforce shortage. You know, we will be a couple hundred thousand physicians and six million nurses short by 2034.
You know, I've got one in sort of thinking about autonomy in health care, and I'm happy to get to that. But, you know, it doesn't take a genius to understand the challenge in health care. We have a massive workforce shortage. You know, we will be a couple hundred thousand physicians and six million nurses short by 2034.
If you ask any of your friends who are leading health systems, finding, you know, whether it's a phlebotomist or a back office function person is increasingly challenging. Second, we are way too expensive in this country. And, you know, how do we allow as the top economy in the world for a cancer patient to be five times more likely to be bankrupt as an average citizen?
If you ask any of your friends who are leading health systems, finding, you know, whether it's a phlebotomist or a back office function person is increasingly challenging. Second, we are way too expensive in this country. And, you know, how do we allow as the top economy in the world for a cancer patient to be five times more likely to be bankrupt as an average citizen?
You know, how are you spending more money than the Italian GDP, you know, in American health care? I mean, like Ferrari's pasta, the whole thing. And American health care outstrips all of that. Obviously, a big burden of that is the administrative function we built on the system. How are outcomes, frankly, not acceptable? How are we 55th in maternal outcomes in this country?
You know, how are you spending more money than the Italian GDP, you know, in American health care? I mean, like Ferrari's pasta, the whole thing. And American health care outstrips all of that. Obviously, a big burden of that is the administrative function we built on the system. How are outcomes, frankly, not acceptable? How are we 55th in maternal outcomes in this country?
And then I don't have to talk about access and experience, ask anybody the number of people who probably ping you and me to say, hey, do you know someone? And then when unfortunately, when we ourselves have been through the system or a loved one, we don't have to talk about the experience. And so it doesn't take a genius got to sort of understand the problem set.
And then I don't have to talk about access and experience, ask anybody the number of people who probably ping you and me to say, hey, do you know someone? And then when unfortunately, when we ourselves have been through the system or a loved one, we don't have to talk about the experience. And so it doesn't take a genius got to sort of understand the problem set.
The question, I think it takes a special kind of entrepreneur, which is beyond the thesis. And I'm happy to talk about autonomy and health care. is the team. And I think in the early stage side, that's what we think a lot about, whether you're an angel investor or a seed stage investor.
The question, I think it takes a special kind of entrepreneur, which is beyond the thesis. And I'm happy to talk about autonomy and health care. is the team. And I think in the early stage side, that's what we think a lot about, whether you're an angel investor or a seed stage investor.
It is that more than the product market fit, that founder market fit of a special kind of person who's willing to understand the payment flows, understand all the sort of regulatory policy stakeholders. Is it a payer, provider, life sciences? government sort of stakeholder play. If you're in pharmacy, there's so many stakeholders involved, like the PBM or any other middleman.
It is that more than the product market fit, that founder market fit of a special kind of person who's willing to understand the payment flows, understand all the sort of regulatory policy stakeholders. Is it a payer, provider, life sciences? government sort of stakeholder play. If you're in pharmacy, there's so many stakeholders involved, like the PBM or any other middleman.
And then, you know, the timing of these things, the average sales cycle, which to me is just a way of how often does it take to take an idea and really start to play around with it? you know, you can say that it's a sales cycle, but that's 18 to 24 months. So by the way, you raise money for 18 to 24 months. So by the time you can get an idea to see it in place, you're running out of money.
And then, you know, the timing of these things, the average sales cycle, which to me is just a way of how often does it take to take an idea and really start to play around with it? you know, you can say that it's a sales cycle, but that's 18 to 24 months. So by the way, you raise money for 18 to 24 months. So by the time you can get an idea to see it in place, you're running out of money.
And so it's a special kind of entrepreneur, Scott. And so when I think about, you know, my co-founder at Midstream, you know, Samit Kadakia, yes, he's built and scaled infrastructure, you know, a healthcare infrastructure company and a pharmacy from zero to 2,500 people. And he's been an entrepreneur, but
And so it's a special kind of entrepreneur, Scott. And so when I think about, you know, my co-founder at Midstream, you know, Samit Kadakia, yes, he's built and scaled infrastructure, you know, a healthcare infrastructure company and a pharmacy from zero to 2,500 people. And he's been an entrepreneur, but