Nikhil Bhojwani

Some key takeways on this podcast from Bob Sutton and Huggy Rao (Stanford) below: Key Takeaway 1: Friction in organizations increases as they grow larger and more complex, making it difficult to get things done efficiently. This is due to added processes, specialization, and hierarchy that are necessary but can hinder productivity if not managed well. Key Takeaway 2: Leaders should strive to be "elephants" who listen and ask helpful questions, rather than "hippopotamuses" who constantly talk and make statements. Encouraging open communication and collaboration while respecting others' time is crucial for reducing friction. Key Takeaway 3: Speed is important for startups, but it must be balanced with the ability to pivot when needed. Temporarily halting hiring or product development can allow for necessary adjustments and prevent friction from building up. >> This is the top reason startups fail, don't pivot/iterate fast enough. Key Takeaway 4: Founders should be mindful when allocating equity and hiring early on. Keeping some equity in reserve and staggering hiring can help maintain flexibility and prevent friction caused by misaligned incentives or onboarding challenges. Key Takeaway 5: Reducing organizational friction requires regularly "mowing the lawn" by removing unnecessary processes, meetings, and bureaucracy. This is an ongoing effort, not a one-time event, and is essential for maintaining efficiency as organizations grow. https://lnkd.in/e5SfQwCU

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Platforms are in, point solutions are out as the healthcare AI category leaders come into focus this year. In conversation with Shelby Livingston at Endpoints News, I shared: 1. Why AI-first companies have the greatest platform potential and heuristics for identifying these opportunities at the earliest stages, 2. How companies are differentiating through co-development and distribution partnerships with leading healthcare institutions, and 3. Strategies for navigating anemic budgets and constrained market sizes through business model innovation such as AI-enabled services and pay for performance models Read more here: https://lnkd.in/dJWqv_zC Bessemer Venture Partners Abridge #healthcare #lifesciences #AI #generativeAI

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Healthcare NIL: Setting, Tracking, and Capturing Its Fair Market Value (FMV) Over the past 18 months, we have pioneered efforts to quantify the value of doctors' and clinics' expertise, experience, reputation, and collective intelligence—what we call Healthcare NIL. Healthcare NIL represents the intrinsic value of the knowledge and reputation that doctors and clinics have built over time. This invaluable resource is leveraged extensively by healthcare companies, often with little to no compensation or recognition for the doctors and clinics that own it. We are confident that recognizing, protecting, and capturing the value of Healthcare NIL will be transformative for physicians and clinics moving forward. By understanding this value, and learning how to defend and monetize it, healthcare professionals can unlock new opportunities that have long been overlooked. I am always happy to discuss and share more as this is a very new phenomenon that we have been successful in executing.

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To my amazing network - I am thrilled to announce the launch of Pave Health Ventures, an early-stage venture fund dedicated to broadening access to healthcare and improving the overall well-being of our communities. I’ve been very fortunate in my healthcare career. As the Founder & CEO of MedPilot, we capped off a seven-year journey with a successful exit when we were acquired by Vytalize Health. For the last three years, serving as Chief Innovation Officer, I’ve had the honor to contribute to the remarkable growth at Vytalize, impacting the lives of hundreds of thousands of patients by enhancing the quality of care they receive. I am immensely grateful to Matt Buder Shapiro, not only for being the perfect partner and co-founder but also for being an incredible friend. Additionally, I extend my heartfelt appreciation to Faris Ghawi, Amer Alnajar, and Jordan Brown for their outstanding leadership and for broadening my perspective on the significance of value-based care. This journey has not only provided me with industry expertise but has allowed me to cultivate invaluable relationships and an incredible network. As I embark on this new chapter, I am profoundly grateful to be supported by top executives and thought leaders in the investment, wellness, and healthcare industries. Within the healthcare ecosystem, we are represented by key stakeholders from health systems, insurers, governmental organizations, retail health businesses, provider groups, and value-based care organizations. At Pave Health Ventures, we believe the timing couldn't be more opportune to help support health-focused startups. With the growing prevalence of illness and chronic health conditions impacting our communities, consumers and key Healthcare Stakeholders are increasingly prioritizing proactive and preventative care. This shift in focus is fueling demand for technology, products, and services aimed at improving health outcomes, unlocking trillions of dollars in growth potential within the healthcare landscape. Pave Health Ventures is all-in. We are actively seeking solutions that tackle the root causes of illness, manage chronic conditions, and optimize care and care teams. Please support us in our mission by opening your networks and introducing us to amazing founders and entrepreneurs. Together, let's help pave the way to a healthier tomorrow. Jacob Myers

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