The Heart of Healthcare | A Digital Health Podcast The VC Playbook | Venrock's Bryan Roberts
Oct 14, 2024
A seasoned investor shares the keys to success in healthcare venture capital, including the importance of non-consensus decisions. Discover the transformative role of AI in enhancing efficiency and navigating value-based care. Reflect on game-changing investments like Illumina while also examining regrets over missed biotech opportunities. Explore the implications of market shifts and upcoming leadership challenges that could reshape the industry. Tune in for insights on how to thrive amidst the complexities of healthcare investing.
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Non-Consensus Decisions
- Many venture capitalists and entrepreneurs lack experience navigating down markets.
- Making non-consensus decisions is crucial, especially in risk-off environments, requiring practice and courage.
Conservative Planning
- Plan conservatively for the long term, anticipating market changes and downturns.
- Encourage portfolio companies to raise capital even if not immediately needed and advise them to conserve it.
Early Investments
- Bryan Roberts secured his first investment in Illumina through diligence and offering a term sheet during a low-activity month.
- His investment in Athenahealth stemmed from recognizing its potential despite others' disinterest.