Vinod Khosla, Founder of Khosla Ventures was the keynote speaker at the July meeting of Health 2.0 Silicon Valley.
It was standing room only at the July Health 2.0 Silicon Valley Meet-up at the Plug and Play Center in Sunnyvale, California. The word was out. Highly regarded Venture Capitalist Vinod Kholsa is keynoting.
Instead of giving a formal presentation, he treated us by taking questions from the audience for almost an hour. He teed up the Q&A with the following opening remarks:
“Digital health is a radical opportunity. There are two classes of things that I see: 1) Administrative support and IT and 2) Companies that are developing new science and new medicine. Traditional doctors won’t recognize what it is about. Both are important. Both offer plenty of startup opportunities. And, in all of these, we will see great companies being built.”
He went on to say,
“If my view is right, most of what doctors do today will be eliminated. Most means diagnosis, most means of prescribing care, and it includes monitoring which basically doesn’t happen today. And, it will happen at a fraction of the cost — essentially free — all over the world, and pretty close to equal access to everyone. If I am right the single biggest change will be to make the consumer (the patient), the CEO of his own health…Today’s health care is more sick care than health care, and I hope we will go from sick care to well care or at least predictive care.”
He concluded his opening remarks by saying,
“Most of what I speculate will be wrong—but wrong in the specifics and directionally right I believe… just because you can’t predict the future doesn’t mean the present is going to continue—it just means you can’t predict the future. I believe it is easy to predict directionality but it is hard to predict specifics, and on the specifics I will usually be wrong. But that doesn’t prevent me from speculating how that may happen.”
Watch it to the end—informative and more than that, highly entertaining.
For more information on the video, check out the blog post here!
This video is under BY-ND creative commons.