Building Your Digital Health Startup: From Validation to Funding

Healthcare is one of the fastest-growing startup sectors.

First, a bit of my own bias on the automation versus human debate.

If you think about what a doctor needs to do to diagnose an illness, she needs to consider all the symptoms, take into account all the test results, consider all the treatment options, factor in all the side-effects of various medications and their interplay with other medications the patient is already taking. This is, effectively, a multi-variate optimization problem that a doctor has to do in her head. And, she needs to keep up with all the new research and advances in medical science, and factor those in as well. The field of medicine is full of incorrect diagnosis and mistreatment of illnesses. Now, if you replace this whole process with software, medical diagnosis becomes a truly scientific, deterministic process. I can tell you, if I have the option of being diagnosed by software versus a human doctor, I would always prefer software. It will be far more accurate.

If the medical profession can be automated to that extent, billions of people can have access to quality medical care. Today, this number is relatively low.

Entrepreneurs have a tremendous opportunity ahead.

So what do you need to do if you would like to start a Digital Health venture of your own?

First thing to remember: you need to learn the methodology of how to build a startup. In the following courses, I’ve offered you various building blocks of how to bootstrap a company, how to raise money, how investors think, etc. Please be sure to absorb all those pieces as foundational material.

They will help you to validate your concept, discover product-market fit, and learn about various forms of startup funding.

The first course covers startup success stories in the healthcare domain. The course consists of in-depth interviews with the startup founders who have successfully built healthcare ventures. It is very helpful to trace how they gained traction, created market entry strategies, positioned their products, and so on.

Click on each course below and an up to 85% off discount coupon will be applied.

1. How to Build Digital Health Startups with Sramana Mitra

Startup funding, of course, is a concern for all categories of entrepreneurs. We advocate beginning with bootstrapping. All courses in the following set teach proven bootstrapping techniques that have been employed by very successful entrepreneurs.

2. Bootstrap First, Raise Money Later with Sramana Mitra
3. Bootstrapping a Startup with a Paycheck with Sramana Mitra
4. Bootstrapping a Startup with Services with Sramana Mitra
5. How to Bootstrap Startups by Piggybacking with Sramana Mitra
6. How to Bootstrap a Startup to Exit with Sramana Mitra
7. How To Succeed As A Solo Entrepreneur with Sramana Mitra

Though we love bootstrapping, we never rule out funding. This set of courses addresses the realities of startup funding at different stages, from Pre-seed to Series A. Use these courses as your guides. Get to know how investors think, so you can speak their language and attain that elusive holy grail of investor-entrepreneur fit.

8. Alternatives to Unicorn Chasing Investors with Sramana Mitra
9. How Pre-Seed Investors Think About Startups with Sramana Mitra
10. How Seed Investors Think About Startups with Sramana Mitra
11. Post-Seed and Pre-Series A Investors on Startups with Sramana Mitra

We’re very excited about how aggressively the healthcare sector is now embracing new technology. Covid has added a lot of throttle to the adoption cycle.

If you have any specific questions, come and see me at a 1Mby1M free roundtable.

Photo by National Cancer Institute on Unsplash