I had a chance to catch up with Anne DeGheest, Co-Founder of HealthTech Capital at the 2014 Digital Health Summer Summit. At this conference, we saw a presentation on how much money some “successful” start-ups had raised from investors. Anne raised her hand to say raising money from investors is NOT a metric of success for businesses that want to be around for the long haul. Rather, she points out, the true metrics for success are 1) revenue and 2) sustainability. We also had a chance to talk about the upcoming HealthTech Conference put on by HealthTech Capital. Anne says the focus of her upcoming HealthTech Conference is how to build a sustainable business. The first day will feature workshops for younger entrepreneurs. Sessions include how to build the right team, come up with financing strategies beyond traditional VCs, understanding board and investor dynamics and scaling up with partners. The second day is all about how to build a stable business. The speakers have all “been there and done that” and range from the CEO of Blue Shield of California, Paul Markovich, to successful startup entrepreneurs, including Jeff Tangney of Doximity, Sean Duffy of Omada Health, and Frank Williams of Evolent Health. If you are in the health tech field, particularly if you are an up and coming startup entrepreneur, this conference should be on you “must attend” list.
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