I have spent my career in the unique intersection between healthcare and sales. I am on a mission to adavance healthcare and future generation of sales ppl.
This may sound a bit crazy at first — but I wish a few more founders would go to jail.
What do I mean? Look when you invest, you take risk. That’s part of the game. Some work out, some don’t. It’s OK in and of itself. You have a loss ratio to accomodate that.
But what’s picked up the past few years is fraud from founders. That, combined with highly accelerated investing paces — hot deals are often now done just on a Saturday — gives investors almost no time to do proper diligence.
And that’s OK, as long as everyone is honest.
But making up ARR numbers? Claiming pilots are annual contracts? Accelerating contracts and ‘recognizing’ all the revenue in month one to raise capital? Claiming customers that disappear weeks after a round closed?
If founders though they might go to jail if they did this — everyone would slow down with the B.S. numbers and metrics just a little.
The best ones would all get funded, it doesn’t matter.
But maybe, folks would slow down before they just basically make things up.
That would benefit the entire ecosystem.
Every VC I know has a $20m-$100m+ loss coming in their portfolio from one of these deals. Often, several.
🏈 UNC Charlotte broke ground on its long-planned $70 million expansion of the football stadium, adding 3,000 seats for the growing fan base. https://t.co/0zIABZUUsA
Deion reacts to his son Shilo Sanders getting cut from the Buccaneers 🏈
"All of the Sanders' are gonna be straight, with or without football."
(via @CUBuffsFootball) https://t.co/ga2S7jFhqa
At long last. We can finally say it.
𝗚𝗔𝗠𝗘 𝗪𝗘𝗘𝗞! ⛏️
🆚 App State
🗓️ Friday, Aug. 29
🕖 7 p.m.
📺 ESPNU
🏟️ Bank of America Stadium
🎟️ https://t.co/1fHXu7ohQs
✅ WEAR GREEN 🟢
#BrickXBrick🧱
Health tech founders getting ready for VC pitch and talk to all the BigCo partner logos in their deck (they don’t actually have a deal with any, just email exchanges with innovation lead)
.@unccharlotte will be the only place in the Southeast offering this degree.
Only four other schools offer a sports analytics bachelor's degree nationwide, according to UNC Charlotte associate professor Abbey Thomas.
https://t.co/RqexQgOTfI
NEW: Plenful, an AI platform automating pharmacy workflows, raised a $50M Series B co-led by Danaher co-founder Mitchell Rales (now a board member) and Arena Holdings.
With $76M total raised, Plenful now has 60 healthcare orgs onboard and 4x YoY revenue growth.