AI Investor Forum: Gus Tai on AI in Healthcare (Part 5)

Sramana Mitra: So, Gus, could you also discuss Joanna Strober’s company that you have invested in and have been tracking for a while? I think it’s a good case study to discuss in this context.

Gus Tai: Absolutely. The company is called Midi Health, and I was a seed investor with Midi. That company is a good illustration of how entrepreneurs, regardless of how they want to think about raising money, can approach industries. There was a latent need and a discontinuity in being able to serve that latent need.

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Colors: Heavy Sky III

I’m publishing this series on LinkedIn called Colors to explore a topic that I care deeply about: the Renaissance Mind. I am just as passionate about entrepreneurship, technology, and business, as I am about art and culture. In this series, I will typically publish a piece of art – one of my paintings – and I request you to spend a minute or two deeply meditating on it. I urge you to watch your feelings, thoughts, reactions to the piece, and write what comes to you, what thoughts it triggers, in the dialog area. Let us see what stimulation this interaction yields. For today – Heavy Sky III

Heavy Sky III | Sramana Mitra, 2022 | Watercolor, Ink | 9  x 12, On Paper

Roundtable Recap: January 16 – Five Diverse Pitches

During this week’s roundtable, we worked with five startups.

Memo Bio

Up first Bashir Rumah from Nottingham, UK, pitched Memo Bio, a biodegradable plastic solution.

Arca Analisis Economico

Then Sandy Gomez from Caracas, Venezuela, pitched Arca Analisis Economico, a consulting venture.

Moon Finance

Shrey Baldev from Gujarat, India, pitched Moon Finance, an investment advisory app.

Rent Prompts

Then, Vishal Patidar from Indore, India, pitched Rent Prompts, an AI services marketplace.

Unwind Minds

Next, Maryana Stefuryn from Coimbra, Portugal, pitched Unwind Minds, a mental health solution.

You can listen to the recording of this roundtable here:

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Video FAQs

668th 1Mby1M Roundtable Recording

In case you missed it, you can listen to the recording here:

January 23 – 669th 1Mby1M Mentoring Roundtable for Entrepreneurs

Entrepreneurs are invited to the 669th FREE online 1Mby1M Mentoring Roundtable on Thursday, January 23, 2025, at 8 a.m. PST / 11 a.m. EST / 5 p.m. CET / 9:30 p.m. India IST.

If you are a serious entrepreneur, register to “pitch” and sell your business idea. You’ll receive straightforward feedback, advice on next steps, and answers to any of your questions. Others can register to “attend” to watch, learn, and interact through the online chat.

You can learn more here and REGISTER TO PITCH OR ATTEND HERE. Register and you will receive the recording by email, even if you are unable to attend. Please share with any entrepreneurs in your circle who may be interested.

AI Drug Discovery Startups: Analysis of Exscientia’s Acquisition by Recursion

A European player looking to make a difference in the high growth AI-drug discovery market is Exscientia. Like others in the industry, it too has had an interesting story. After a brief listing on the stock market, Exscientia was acquired by another AI-based biotech firm Recursion last year.

AI Investor Forum: Gus Tai on AI in Healthcare (Part 4)

Sramana Mitra: Yes. On the process side, we’ve had a company become quite successful in the program. It is bootstrapped. We looked at raising money, but eventually, it was going fine as a bootstrapped company. I think it continues to bootstrap. It’s called CliniOps.

2025 Resolution: Bootstrap a Startup with a Paycheck, Find a Good Mentor

These days, everyone seems to be a startup mentor.

Whether they have ever done a startup or not, whether they have ever raised money or not, they are ready to advise entrepreneurs.

I want to share some things we have learned in running the 1Mby1M program since 2010.

First, it is difficult to give negative feedback to entrepreneurs without triggering a defensive reaction. But it is necessary.

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