In this episode, Steve and Trevor chat with Tom Lee, CEO of Galileo, a man of mystery with an impressive background. They discuss building a tech-enabled brick and mortar business, the challenges of securing funding, and the unique aspects of their primary care model. They also explore the trend of dual class shares in company governance and the importance of choosing the right venture capitalists. The podcast concludes with a discussion on reimagining healthcare delivery to achieve high-quality care at a lower cost.
Having a tasteful and modern song for the podcast's intro is crucial for engaging the audience.
Tom Lee emphasizes the importance of building substantial and durable businesses in the healthcare industry, focusing on long-term success instead of short-term hype.
Deep dives
Introduction and Song Selection
The podcast kicks off a new season with a new theme song, asking the audience to vote for their favorite intro music on Twitter. The importance of having a tasteful and modern song is emphasized.
Interview with Tom Lee
The hosts interview Tom Lee, an influential figure in the healthcare industry. They discuss his impressive career as an entrepreneur and his experiences in building successful companies like One Medical. They touch on topics such as the importance of long-term models, innovative mindset, and the challenges of building a brick-and-mortar primary care business.
Tom Lee's Entrepreneurial Mindset
Tom Lee shares his mindset as an entrepreneur, highlighting his focus on building substantial, durable businesses rather than hyping up short-term success. He values playing the long game, pitching on reality, and being a pragmatist rather than a 'big pitch person'.
Lessons from One Medical
Tom Lee reflects on the founding and growth of One Medical, explaining their mission to improve primary care. He discusses the initiatives they implemented to differentiate themselves, such as innovative office layouts, music selection, technology integration, and a subscription-based business model. The focus on delivering value, re-engineering the practice model, and addressing cost issues is emphasized.