CEO of Virta Health Sami Inkinen is On a Mission to Reverse Type 2 Diabetes For 100 Million People by the Year 2025
Dec 30, 2022
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Sami Inkinen, CEO of Virta Health, talks about his personal journey with prediabetes and his determination to reverse type 2 diabetes. He discusses the unique approach of Virta Health, offering telemedicine and nutritional intervention to help patients. Inkinen also shares insights on being a second-time founder, the motivation behind the mission, and the importance of building a strong board.
Virta Health offers an app-based treatment to reverse type 2 diabetes through nutrition and behavior change.
Verda Health faces challenges in scaling their virtual care service and convincing buyers to prioritize diabetes reversal over medication management.
Deep dives
Verda Health: Reversing Type 2 Diabetes Without Medications
Verda Health offers a clinically proven treatment to safely and sustainably reverse type 2 diabetes without medications or surgery. Using nutrition and behavior change, Verda Health helps patients achieve better outcomes. The company provides virtual support through telemedicine, connecting patients with medical doctors and behavior change support. The approach focuses on nutritionally reversing type 2 diabetes and reducing or eliminating the need for medications. Verda Health has raised significant funding and has over 300 enterprise customers. The company's mission is to address the global problem of diabetes with a scalable solution.
Challenges in Scaling and Building the Verda Health Solution
As Verda Health scales, there are two main challenges the company faces. First, on the supply side, Verda Health must ensure that the complex virtual care service can be scaled while maintaining safety, satisfaction, and positive outcomes. This requires intensive support and careful management of the service. Second, on the demand side, Verda Health is working to convince conservative buyers that the future of diabetes care lies in reversal, rather than managing the disease with medications. The company is focused on making Verda a must-have solution and changing perceptions around type 2 diabetes treatment.
Lessons from the Truly and Zillow Experience
The CEO of Verda Health, Sami Inkinen, has significant experience as a founder and entrepreneur, having co-founded Trulia, which went public and later merged with Zillow. He highlights two important lessons from his previous experiences. First, having a strong co-founder partnership is foundational for success. It is crucial to find someone who shares the same mission and has an unexplainable attachment to the company's purpose. Second, timing and execution are key. Companies should focus on timing their entry into the market when waves and opportunities arise. Additionally, mastering key aspects of the business, such as search engine optimization, can provide a distribution advantage.
Managing Through Challenging Times and Building a Hybrid Work Culture
Sami Inkinen shares insights on managing through challenging times, such as the 2008 financial crisis and the current venture winter. He advises founders to prioritize survival, which may include making difficult decisions like cutting costs quickly and deeply. Clear and consistent communication with the team is crucial during uncertain times. Leaders should focus on key priorities, repeat them often, and maintain a cautious but grounded optimism. In the remote work context, Sami suggests creating in-person connections through off-sites and encouraging teams to use office spaces for collaboration. Tripling down on communication, both formal and informal, is also important to maintain alignment and trust in a hybrid work culture.
Spencer speaks with Sami Inkinen, the CEO and Founder of Virta Health. After winning the Ironman 70.3 World Championships in 2011, the triathlete found out that he was pre-diabetic that same year. Unsatisfied with the conventional wisdom of “exercise more and eat less,” Sami dug into the science of type 2 diabetes, by consulting experts on the science of carbohydrate restriction and metabolic health. Seeking to raise awareness about the dangers of sugar, Inkinen and his wife rowed across the Pacific Ocean for 45 days—completely unsupported—from California to Hawaii for 2,750 miles. While on that journey, the idea for Virta was born. His personal mantra on that trip was "Use Sisu, not Sugar"—with the Finnish concept of Stoicism, tenacity, and grit, as determination to help himself and others reverse their diagnoses.
Virta is an app-based, health technology start-up that offers treatment to reverse type 2 diabetes without surgery, allowing patients to work with medical providers and health coaches on a nearly real-time basis. Virta’s approach helps patients get off of all diabetes-specific medications while achieving sub-diabetic HbA1c (blood sugar)—in 60% of patients who complete one-year of the Virta Treatment. Of those patients prescribed insulin, 94% reduce or fully-eliminate usage.
Previously, Inkinen was the co-founder of real estate marketplace Trulia, serving as its COO and president and board member until its IPO and sale to Zillow Group. Sami is also an active angel investor in healthcare. Inkinen started his career as a radiochemist at a nuclear power plant. He holds a Master of Science in engineering physics from the Helsinki University of Technology, and a Master of Business Administration from Stanford University. (Disclosure: dot.LA co-founder Spencer Rascoff is an investor in Virta.)
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