The Consumer VC: Venture Capital I B2C Startups I Commerce | Early-Stage Investing I Brands
Andrew Dudum (hims & hers) - The Future of Telehealth
Apr 20, 2021
Andrew Dudum, founder of hims & hers, discusses building a transformative healthcare startup, the impact of COVID-19 on telehealth, and the decision to go public via SPAC. They also emphasize the importance of authenticity, building a community, and transparency in venture capital fundraising.
38:16
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Quick takeaways
- Hims & Hers aimed to create a brand that encouraged people to be their best selves by offering personal care products and telehealth services.
- Hims & Hers strategically focused on a young demographic and aimed to become a platform that represented the future of healthcare by merging multiple categories and offering a diverse range of products and services.
Deep dives
Andrew's attraction to entrepreneurship and founding Hims & Hers
Andrew's attraction to entrepreneurship was deeply influenced by his family background, with parents and grandparents who were immigrants and entrepreneurs themselves. He gravitated towards the blend of quantitative business acumen and creative consumer orientation. The aha moment that led him to found Hims & Hers came from the desire to create a brand that encouraged people to be their best selves. The company's focus on personal care products and telehealth services emerged due to the unique blending of societal, technological, and regulatory factors in the healthcare industry.
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