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Speed is routinely acknowledged as a major advantage for startups. But startup speed is not sufficiently understood as an invaluable competency for society at large. Solv Health’s growth during the pandemic is a great example. Just 4 years old, the startup managed 5 million Covid tests in 2020, compared to 7 million tests by long-established CVS.
Today NFX General Partner Pete Flint is joined by Heather Fernandez, Co-Founder and CEO of Solv Health and previously a leader with him at Trulia. They analyze mental models and hard tactics for using speed to convert chaos to growth — and good.
Read the full NFX Essay here - https://www.nfx.com/post/startup-speed-as-a-public-good
(0:00) Introduction to the NFX Podcast and guest Heather Fernandez (1:11) Overview of Solve Health and its business model (9:18) Comparison of 2008 real estate crisis and COVID-19 impact on Solve Health (13:39) Strategic approach to navigating through the pandemic and changes to Solve Health's roadmap (19:12) Discussion on different risk profiles within health tech and the implications of COVID-19 for Solve Health (22:27) Analysis of American healthcare industry complexities and opportunities (28:29) Discussion on healthcare regulations and their impact on innovation (31:19) Building a healthcare startup and targeting high frequency, low fidelity healthcare services (35:36) Importance of understanding supply and demand in healthcare marketplaces (41:57) The evolution of Solv and advice for young entrepreneurs interested in healthcare (47:49) Wrap-up and conclusion of the episode.