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And that really, for tech, is going to determine what matters," he told Business Insider. "That was a clear effort to court business and tech," Tusk said. "That was really eye-opening, because that is not usually thought of as a business issue, it's thought of as a social issue," Snyder told Business Insider. But business and tech leaders will be looking at more than just policy on Tuesday night. AdvertisementLarsen believes that Harris may be able to provide the country with the reset that he and other business leaders are looking for.
Persons: , Kamala Harris, Donald Trump, Harris, Joe Biden, Chris Larsen, Biden, Larsen, Bradley Tusk, Gary Gensler, Jordan Nof, Tusk, Gary Gensler's, Kieran Snyder, Snyder, Lina Khan, she's, Nof, Trump, Mark Cuban, Aaron Levie, Roe, it's Organizations: Service, Democratic National Convention, Business, Industry, Venture Partners, Democratic, Securities and Exchange Commission, Tusk Venture, SEC, Silicon, Federal Trade Commission, FTC, Wall Street Journal Locations: California, Silicon, U.S, China
Read previewWith the Ozempic craze in full swing, investors are getting picky about the weight-loss startups they want to back. Kaganoff predicted that in the new year some startups prescribing GLP-1s would invest more money in studies using real-world evidence to show their programs work. And despite the Ozempic frenzy, weight-loss startups captured a tiny fraction of the money invested this year. Investors had put about $211 million toward weight-loss startups through mid-November, representing about 3% of digital-health funding over that period, according to PitchBook. Alfie HealthSome unlikely sectors of the healthcare industry stand to benefit from the growth of the weight-loss market.
Persons: , Sari Kaganoff, Crystal Cox, Kaganoff, Ro, VCs, Michael Greeley, Alyssa Jaffee, 7wireVentures, she's, she'd, Mounjaro, Mercer, Michael Siluk, PitchBook, Alfie Health, it's, Alfie's cofounders, Aaron DeGagne, Jordan, he'd, DeGagne, There's Organizations: Service, Business, Rock Health, Flare Capital Partners, Getty, Employers, Health, Investors, Phenomix Sciences, Mayo Clinic, PitchBook, Tusk Venture Partners, Sword Health Locations: GLP
Afeyan is the CEO and founder of Flagship Pioneering, the venture firm behind Moderna. Flagship has in its portfolio multiple companies using AI in areas like drug discovery and testing. The Flagship method for company building starts with a vague "what if" question, and if the idea survives testing, it's unveiled to the public, Afeyan told Insider in 2021. Afeyan isn't alone in predicting that generative AI is gearing up to play a bigger role in healthcare. Morgan Cheatham, a vice president at Bessemer Venture Partners, told Insider he predicted generative AI would result in more than $1 trillion in value for the healthcare industry by 2040.
Funding raised: $27 millionNumber of employees: 20Why it's set to take off next year: Provider burnout is getting worse, and it's exacerbating healthcare's staffing crisis. Nof said he expected Abridge's technology to be in demand next year as hospitals worked to reduce the administrative burdens on doctors. "They've reached a tipping point where people are desperate to gain efficiencies in their workday with all the physician burnout," he said. Abridge's technology takes the audio from doctor-patient interactions and automatically turns it into documentation for billing purposes or a summary of the visit for the patient. That means doctors are relieved of the "hours of pajama time in the evening that they previously spent doing clinical documentation," Cheatham said.
Investors told Insider that they welcome regulation and more guidance at the federal level. In Lizárraga's view, many crypto companies have not only replicated the flaws of the traditional finance industry, but they've made them worse by operating in a regulatory gray area. Instead, crypto companies can protect both themselves and their customers by embracing regulation rather than seeking to sidestep it, he said. She decided to partner with the fintech company Apex for Zingeroo's crypto offering rather than a pure-play crypto exchange because she felt more confident that Apex would follow proper compliance. But others, including some venture capitalists, have suggested that federal regulators have not provided enough clarity to crypto companies.
Digital-health startups are slicing their workforces after two years of record industry growth. Many startups that announced layoffs this year raised mega-rounds of $100 million or more in 2021. Last year, the digital-health industry was flying high. Digital-health startups in the US banked a record $29.1 billion in 2021, almost double 2020's record of $14.9 billion. Here are the digital-health startups that have announced layoffs this year, as of October 25:Have a tip about digital health layoffs that you want to share?
Founders fear the worst is yet to comeNaturally, proptech founders are worried. But proptech founders say they have additional concerns. Warburg Peters and other VCs who spoke with Insider encouraged founders to find partners beyond the investor offering the biggest check. Clelia Warburg Peters. Clelia Warburg Peters"In a funny way in 2021, they would just take the best check," Warburg Peters said of founders.
Digital-health startups are slicing their workforces after two years of record industry growth. Many startups that announced layoffs this year raised mega-rounds of $100 million or more in 2021. Last year, the digital-health industry was flying high. Digital-health startups in the US banked a record $29.1 billion in 2021, almost double 2020's record of $14.9 billion. Here are the digital-health startups that have announced layoffs this year, as of September 28:Have a tip about digital health layoffs that you want to share?
Token management platform, Magna, announced a $15.2 million seed round on Thursday. Tiger Global, Galaxy Digital, Tusk Venture Partners, and Solana Ventures are all Magna backers. Check out this 7-page investing memo that landed the project fundingMagna, a token management platform, announced a $15.2 million seed round on Thursday, notching a $70 million valuation. Backed by industry giants Tiger Global and Tusk Venture Partners, the fresh capital will go towards product development, staff expansion, and forthcoming partnerships. "We started Magna to solve a problem we hear from crypto companies and institutions about managing token distributions.
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