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Joined 1 year ago
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Cake day: October 31st, 2023

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  • atcg0101@alien.topBtoStartupsBuilding for patients in the US
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    1 year ago
    1. Who do you envision paying for your product? The majority of costs for patients is paid for/expected to be paid for by insurance, not the consumer themselves.

    2. How does your offering differentiate from Apple Health? They allow you to aggregate your medical information with your digital health data at no additional cost to the user. They have arguably the best privacy features for users.

    3. How will you support the various healthcare providers across our fractured healthcare system? Are you working on integrations via an aggregator like HumanAPI? Or are you building bespoke integrations directly with providers?

    4. How will you get users? Who will encourage your users to download and use your app?

    5. The Healthcare Provider ecosystem has been going through a massive consolidation phase over the past few years. Each of them typically offer the ability to not only collect your records from other centers (combination of technology and Human Resources) but also typically leverage Epic or Cerner’s patient facing portals that aggregates all of their record information alongside appointment bookings and communications with physicians.

    6. Have you considered focusing on a singular healthcare system, within a specific geographic region, targeting a very specific demographic of patients that often need to aggregate their records across multiple providers?

    One thing I did ultimately realize is that since the US healthcare system is predominately for-profit it often causes the majority of systems to prioritize cost-savings or revenue generation over the ability to make patients healthier. You’ll need to be able to prove all three if you wanted to sell to providers.


  • atcg0101@alien.topBtoStartupsSelling your Startup
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    1 year ago

    You may want to consider

    1. Anchoring your investment terms with a standard SAFE. Design a party round - Determine how much you want to raise and what valuation, 3 tranches that rewards earlier investors with more equity (via a lower valuation cap or a higher discount) meaning you’ll have 3 seperate SAFEs, make sure your SAFEs in aggregate result in the dilution you’re aiming for.

    2. Getting some momentum going via friends be family. You need to show there’s already interest over a short period of time when you start conversations, and you need to signal that that interest is growing each time you have an additional meeting with a potential investor.

    3. Reach out to local angels, rotary clubs, and adjacent businesses. Family offices are also a decent target. At the end of every meeting with a new potential investor ask them if there’s anyone they can introduce you to that might be interested in participating in your raise.

    4. Be prepared to take 3-6 months to close your round and at a more conservative valuation due to existing market conditions and the fact that we’re already at the end of the year and most people are already in a “holiday mindset” work wise.


  • My 2 cents:

    Building a startup is something a family takes a risk on together, even if only one of the parents/spouses are actively working on it day to day.

    It sounds like you were ready to take this risk and jump into it, but your wife was not. Ultimately you need her buy in if you don’t want this experience to build contempt in your relationship. Contempt is poisonous to any relationship, and the fact that you’re fighting and now not even talking about it likely creates an environment that fosters contempt.

    A framework to address challenges together is vital to the success and well-being of any relationship (marriage, co-founders, siblings, teammates, etc). You all have a challenge in-front of you. It may be helpful to have a conversation that addresses not only what is important for each of you as individuals, but equally, if not more, important from the perspective of what is best for your relationship.

    OP, you may have to be ready to accept the reality that your wife is not ready to take this leap. There’s also a chance she is but she will need support in a different way than you will need it as the person day-to-day in it.

    Just remember, she’s your partner and you’re in this and everything together.