StartUp Health–New Network for Start Ups, Entrepreneurs, Venture Capitalists and Angels to Communicate, Deal and Watch The
Posted Oct 19 2012 1:44am
I am not sure I understand “all” of what the site intends to do but you can immediately see where the communication and research is there to look up and find sources. If no more than that, it will serve a good purpose and you can look up and see how much funding start ups have gained, etc. I did an interview with a similar network called e-Zassi back in 2009 to where their network allowed for medical device companies to search and find software complimentary to their devices,etc. but the funding was not there but exchanges in a secure area to even include communicating with IP information is there. They have added resources and capabilities since that initial interview. Here’s a couple back articles on what they do.
Lately if you have seen some of my recent posts I have focused a bit on educating all that the “short order code kitchen burned down” a couple years ago which means the complexities we work with today with so much more code doesn’t allow for a quick code fix and integration like it used to, just not that way anymore. Today in the news we had a Kickstarter project, a game that called it quits, as all the programmers quit and it was fully funded too. On the Kickstarter game project the announced the single player version was scrapped in September.
Sounds like the programmers got tired and needed to go where they could earn some income. All will get their money back of course but salaries took up the major expense here so that didn’t leave much for anything else so they went looking for outside help. This sounds a little bit like Allscripts going back to get help from Microsoft as it’s there technology that the Allscripts and Eclipsys programmers used:)
Coming back around to the point here, there’s a lot of code and time involved today and maybe sometimes it’s not as easy as it looks. Tech people though years ago are maybe at fault a bit as we designed it to look easy and back in the early days we could do that, but not any more, it’s complex as ever.
So perhaps this new network will give all ends the connections and exposure they need in one place. At least this way funders can see where a company is in development and the investors are more visible to the start ups. Anyway too as we all hear all the time, all start ups are not successful and a very small portion of them do really make it. Also too with being in this network startups can look at each other and maybe there could be some combining of efforts there too as many projects do resemble others or may have the same goals.
Back on the Kickstarter issue, do we really need another game? In healthcare let’s ask the same do we really need another BMI calculator? In other words get things going that “do more than one thing” as I myself try to keep up and review what’s out there and it’s maize and frankly with all the fragmentation out there, it’s getting a bit old and cumbersome as unless it is something really earth shattering it’s just a new bunch of algorithms, so please combine efforts and collaborate, as that’s the big problem today, innovation without collaboration and that’s been said around this blog for a few years too:)
In the medical records side of the business I try to see both sides, doctor and patient and sometimes the consumer apps are just over whelming and there are just too many of them that people don’t use and on the other hand be patient with your doctor too as he/she fights through getting your insurance claims paid, working on the new pay for performance program they get automatically enrolled in, getting their paperwork and billing done right and at the same time learning a new system and taking care of you at the same time:) BD
If you don’t know about Startup Health and you’re a healthtech investor or entrepreneur (or at all interested in the space,) you need to rectify that. After all, as evidenced by the launch of another solid, differentiated health-focused startup accelerator last week, there is a lot of public, private and entrepreneurial attention shifting to the industry.
Compared to the majority of business incubators, Startup Health has an unusual model , as it doesn’t offer seed investments and its startups stay enrolled in its program for three years. Rather focusing on demo days or seed rounds, Startup Health wants to help founders build a sustainable, growth business by providing a support structure, classes, courses (and a structured curriculum), a collaborative peer network and access to potential partners, customers and mentors.
The accelerator also works with sponsors, like AT&T and the California Healthcare Foundation, to provide scholarships that help cover the costs of the program. These sponsors and partners also provide potential funding channels for startups, as many of them operate in the space and can help provide beta testers and capital that allow teams to test products and models
Said in a sexier (and perhaps more telling way), the Startup Health Network is basically an AngelList for healthtech. With a splash of CrunchBase. At beta launch, the network features more than 1,200 healthtech startups, 700 entrepreneurs, 400 VC firms, 180 angel investors and a litany of customers, partner organizations, payers, providers, pharma companies, foundations, etc.