The Healthtech Podcast #393 Ali Parsa: The Fall of Babylon Health and Rise of Quadrivia AI
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Apr 2, 2025 Ali Parsa, the founder and CEO of Quadrivia AI and former leader of Babylon Health, shares his remarkable journey from investment banking to healthtech entrepreneurship. He candidly discusses the rise and fall of Babylon, offering valuable lessons learned and regrets that shape his new venture. Parsa explores the intricate dynamics of building patient-focused businesses in healthcare, reflecting on challenges and failures while emphasizing the transformative potential of AI in addressing systemic issues. His story interweaves resilience, ambition, and innovation in the digital health landscape.
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Refugee Journey Shapes Resilience
- Ali Parsa fled Iran at 16 as a refugee, landing in the UK with no English and no money.
- He taught himself physics and math, passing A-levels in 7-8 months showing resilience crucial for entrepreneurs.
Starting V&G Business Under Pressure
- Ali started V&G, a media promotion business with his wife to support their studies.
- They faced major setbacks like event cancellations and overbooked accommodations but persevered and earned praise for customer care.
Seek Purpose-Driven People
- Look for people who want to give everything for the purpose, not just money.
- Building something valuable requires motivation beyond personal gain to succeed under adversity.