Unlocking AI’s Potential in Healthcare and Early-Stage Investing with Venkat Mocherla 2-16-25

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Becker Private Equity & Business Podcast 35 min 2 speakers 7 chapters transcribed
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Who is Venkat Mocherla and what is Midstream Health?

Venkat Mocherla 1:10
Yeah, thank you, Scott. Gosh, it's such a, you know, I have to say, you know, long-time listener, first-time caller type of thing. You know, so great to be with you and the community you've built at Becker's. Yeah, just to introduce myself, as Scott said, I'm Venkat Macharla. I'm the co-founder of Midstream Health. I've been thinking about and working in the intersection of healthcare and technology for, boy, 15 years now. You know, I got to go start my career at a large care delivery provider called DaVita. And at the time, we were thinking a lot about not just, you know, kidney care, but actually how do we sort of build new businesses. And I got to be fortunate enough to be part of a team that was, you know, revolutionizing primary care using these direct primary care models and a company called Palladina at the time. It's now part of Marathon Health. Um, I got to, you know, work on some new value-based care models there.
Venkat Mocherla 2:08
And then, um, I worked globally, uh, in the middle East and Europe and Canada, um, for a consulting research and technology company called the advisory board, which many of your listeners might know of. And then about 10 years ago, got obsessed with the intersection of AI and healthcare delivery. Um, I got to see a company go launch off the ground and a company called Juventus, um, which is still and now is one of the leaders in applying AI for clinical operations. And 10 years ago, boy, you know, it's so interesting. Some of these trends take a while to catch up. And 10 years ago, nobody was really applying AI for some of these solutions. And now there's a whole host of entrepreneurs and interest and excitement in that area.
Venkat Mocherla 2:51
And then, as you said, got to be fortunate enough to be part of the incredible venture capital firm, Andreessen Horowitz, for about five years. And I got to partner with many entrepreneurs and helping them bring some of these ideas to scale. And then not too long ago, got to start my own company called Midstream Health, where we think about fundamentally how do we accelerate and advance financial sustainability using AI for some of the largest healthcare systems in the country. So that's a little bit about me, Scott.
Thank you very, very much. And we're going to really go down two big lines of thought today. We're going to talk some about investing, and then we're also going to talk about what you're currently doing and how you think about this is AI use cases, because all of us are getting bombarded with different thoughts on AI use cases. And many of us, small businesses, large businesses, trying to figure out where exactly it fits in and wanting to make sure we don't miss the boat on some of the opportunities with it. So let's start with the investment side of the house and talk about, you've been an investor both institutionally through Andreessen Horowitz, plus individually in several different companies.
Talk a little bit about how do you think about investing? Do you think about the individual leader of that effort? Do you think about the space they're in? How do you think about where to put money in, not to put money in? What drives those thought processes?

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