433. Founding VC Firms Apax, Greycroft, and Primetime, the Keys to Unlocking Investment Value in Healthcare, and Why the Aging Population is the Biggest Opportunity in Tech (Alan Patricof & Abby Miller Levy)
May 13, 2024
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Alan Patricof & Abby Miller Levy of Primetime Partners discuss investing in the aging population, healthcare innovation, AI's impact, preventative healthcare, marketing strategies, evolving healthcare information sources, and embracing diversity in venture capital.
Investing in businesses catering to aging population is a crucial strategy for unlocking investment value in healthcare.
Reducing healthcare costs through prevention, engagement, and innovation plays a key role in addressing the needs of the aging population in tech.
Deep dives
Venture Capital Industry Evolution
Alan Patrickoff shares his journey in the venture capital industry, highlighting the growth from private investments to a multi-continent private equity firm. He discusses his decision to focus on older adults' well-being, leading to the co-founding of Primetime Partners with Abby Miller-Levy.
Primetime Partners' Focus on Aging Innovation
Abby Miller-Levy explains the vision behind Primetime Partners, aiming to invest in products and services targeted at the aging population. They recognized the emerging trend of an aging demographic, leading to a strategic focus on investing in technologies for the well-being of older adults.
Horizontal Fund Strategy
Alan Patrickoff discusses Primetime Partners' unique approach as a 'horizontal fund,' emphasizing market focus over specific industries. The fund targets consumers over 60, aiming to invest in healthcare, fintech, and consumer sectors tailored to older adults, focusing on product services for this demographic.
Innovative Investment Strategies at Primetime Partners
Abby Miller-Levy highlights Primetime Partners' investment strategies, emphasizing the shift towards larger check sizes and focusing on preventative care. The fund identifies opportunities in reducing hospital visits, proactive diagnostics, and behavioral change to improve health outcomes for older adults.
Alan Patricof & Abby Miller Levy of Primetime Partners joins Nick to discuss Founding VC Firms Apax, Greycroft, and Primetime, the Keys to Unlocking Investment Value in Healthcare, and Why the Aging Population is the Biggest Opportunity in Tech. In this episode we cover:
Launching a Horizontal Fund Focused on Ageing Population
Investing in Businesses Catering to Aging Population
Healthcare Investment, Regulation, and AI's impact
Reducing Healthcare Costs Through Prevention and Engagement
Healthcare Innovation, Monitoring, and Diagnostics
Reaching Older Adults in Healthcare, Including Marketing Strategies and Challenges
The hosts of The Full Ratchet are Nick Moran and Nate Pierotti of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.