Emerging managers are also founders.
I talked to one this week that took zero pay for 2 years, a second mortgage on their home, and zero vacations.
I'm not saying we should break out the tiny violin. But we venerate one group, and willfully make fun of the other.
There’s also a weird unspoken dynamic where VC has all these hungry, junior people working around the clock for very little equity & little hope of ascending. All the equity is packed at the top, where the already super rich GPs with track record from 2 decades ago won’t leave.
I was once pitching in a board room at a top 3 VC firm for a $15M Series A.
12 people in the meeting. One of the GPs fully fell asleep. Out cold for 30+ minutes. Nobody acknowledged it. Everyone just kept going.
I kept presenting my Series A slides to an unconscious man in a Herman Miller chair and somehow that was considered normal. That's venture capital.
You might fly across the country to perform for people who may or may not be conscious.
It's a dance.
And sometimes you lead and sometimes you follow and sometimes your partner is unconscious.
If you're raising right now, just know: every founder has a story like this. The process is weird. The power dynamic is weird. You're not crazy for thinking it's weird.
No one talks about it because they want to continue raising. But I'm happy to stick my neck out there.
It is weird.
You can't be a Lifer if you burn out first. Chrissy Farr's 3 health non-negotiables: sleep, nutrition & perimenopause prep. What's the ONE thing you refuse to compromise on?
The US has two health systems: one for the rich, one for everyone else.
But AI is about to change that.
And technology to close the gap? It might already exist.
WATCH/LISTEN TO LIFERS with @caltchek:
Spotify:
https://t.co/3cZs3dzhxx
Apple:
https://t.co/BbsPsWSTWf
Youtube:
https://t.co/hMnAgJqdkP
Funding announcements in tech blogs are being replaced by video that emphasizes the human story. It’s essentially a trailer… but for a startup, not a movie.
I’m into it. Owned budgets are about to explode.
Today, we're introducing Lassie and $47M in funding led by a16z.
We're building AI that runs small businesses, starting with doctors' offices.
Lassie is already trusted by 700+ practices across the country, working autonomously to provide them with 30 hours of labor per month.
To get here, we first had to leave Robinhood and Superhuman to work in offices ourselves.
Here's how that went.
New study of 111,646 women: GLP-1 use was linked to about 30% lower breast cancer incidence.
For scale, tamoxifen (the drug we prescribe to prevent it) runs about 38%, minus the endometrial cancer and clot risk.
Not proof yet, but looks very promising.
This is inspiring as a mom of three kids and a founder. I have my non negotiables. I rarely get on a plane on the w/e, I see the most nights, and treasure our mornings.
We need more of this! Kudos @immad.
Also I'm a user. Props.
https://t.co/v4ePQQ1lBl
You can work 5 days a week and succeed as a startup.
Mercury has done that from day 0 and we are valued @ $5.2bn 7 years after launch.
I have been an entrepreneur for 20 years and raised 3 kids while doing it.
The point of success is to have a great life not just a startup 😊
Animal welfare often gets talked about as if it's wishy washy, but saying about how I think pigs shouldn't be tortured always feels like I'm the one with my feet on the ground and it's other people building these mental castles in the sky about the imagined natural order
Would you rather get a free news digest & analysis -- "This Week in Health-Tech" -- from Second Opinion to your email on:
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@RuthReader
I liked this argument that a pig farmer made: Why are we even measuring the minor cost difference of crated vs. non-crated pork when it's obvious crates were a mistake to begin with? "You're measuring yourself against a mistake."
Americans get an insane amount of protein. What seems to be consistently lacking is dietary fiber (fruits and vegetables). @ZekeEmanuel has been speaking up on this for a while now.
https://t.co/dG99Fm23es
AI isn't SaaS. It isn't services. It's something else entirely.
This week on Lifers, I sat down with @Artera_io CEO Guillaume de Zwirek & Dan Goldsmith to break down what that means for healthcare.
TIMESTAMPS:
(00:00) Lead in
(00:42) Intro
(01:48) What is AI today
(03:37) Valuing AI hybrids
(07:27) Durability and moats
(11:16) AI-first operating model
(12:45) Reorg around builders
(14:58) Healthcare trust and risk
(20:08) From implementation to instant
(24:31) Who thrives in AI era
(26:46) Org memory at scale
(27:37) Tiny data big insights
(29:00) Solutions not software
(30:48) Healthcare adoption roadblocks
(32:48) Making customization fast
(34:39) Scheduling rules from data
(36:36) Self-improving agent harnesses
(39:23) EHRs and data ownership
(41:18) Rethinking structured data
(44:24) Human connection wins
(46:44) Winners and losers
(49:18) Leadership and the murky middle
(51:42) Wrap
I was seeing ads from VC-backed startups to recruit ABA providers that boasted about a minimum of 40 hours of PowerPoint training required. To take care of children with autism? What?
Plus massive retention challenges.
Horrific. So much abuse here.
https://t.co/lyrJyw0SAZ