PrIME Health Collaborative Monthly Meetup-April: Funding Digital Health Ventures

Are you investing enough time and energy to secure the type of financing needed to create a valuable business? The default option of bootstrapping is often a tortured existence/ slow death for many digital health startups. At this month's Meetup, you can meet with seasoned investors and entrepreneurs to explore better pathways to investment success.

PrIME's April Meetup will explore good investment strategies and resources for digital health ventures of all levels of maturity in Colorado, from bootstrap to crowdfunding and investment banking.

Background: Digital health incubator Rock Health reports an increase in funding for startups in the first quarter of 2013; with thirty-seven digital health deals valued at a total of $365 million (35 percent higher than the first quarter of 2012). The uptick in venture investment was matched by several acquisitions, including United Health Group’s buy-up of Humedica. Venture investors ranged from Merck Global Health Innovation, Kaiser Permanente Ventures, Norwest Venture Partners, and Sequoia Capital. Audax Health, led by a 23-year-old college dropout, raised $21 million from former Apple CEO John Sculley.

 

Agenda

7:00-7:33 Networking

 

7:30-7:40 Welcome // Call to Order

  • Pam Peccolo,Executive Director, PrIME Health Collaborative

 

7:40-8:50 Panel Discussion // The digital health funding landscape

  • David Gold,Managing Director, Access Venture Partners
  • Nicole Gravagna,Director of Operations, Rockies Venture Club
  • Scott Kozak,CEO, Kozak & Associates
  • Joni Kripal,Owner, galeforce advisor, and health care tech angel investor
  • Dave Milliken,Co-Founder and CEO, Grofolio

 

8:50-9:00 other business and announcements

Join or login to comment.

  • John B.

    Great panel, very focused with interesting insights from each.

    May 1, 2013

  • Bill Y.

    This was one of the best, most practical presentations I have ever attended! An excellent balance of view points and very helpful information. Keep up the good work. Thanks, I appreciate it!

    April 30, 2013

  • Rob C.

    Really enjoyed the useful panel, and liked meeting people in the collaborative.

    1 · April 30, 2013

  • Terrel R.

    See you tomorrow!

    April 29, 2013

  • Craig J.

    .

    April 24, 2013

  • Philip M.

    Mock sample question & anonymous company bio for PrIME's April Meetup. Use this format to submit your questions to the panel:

    A. Question: The pros/ cons of crowdfunding vs angel funding?

    B. Goal: Securing $300k seed funds for clinical trial.

    C. Bio:

    1. Corporate organization/ authorized preferred shares? Inc, YES
    2. Prior rounds, source? 1 ROUND, SELF-FUNDED
    3. Patent filed or IP strategy? PATENT FILED
    4. Beta or clinical tested? POST-PROTOTYPE, PRE-CLINICAL TRIAL.
    5. Revenue generation, adopters/ customers? PRE-REVENUE.
    6. Commercialization/ sales strategy in place? OUTLINE
    7. Management team in place? TEAM NO, ADVISERS YES
    8. Solution category? - HOSPITAL SOCIAL MEDIA APP
    9. Exploitation/ exit strategy: LICENSE TO HEALTH SYSTEMS


    Goal: to get investor panel/ group feedback on pros/ cons of different funding strategies. Opportunities to explore issues more deeply at the Meetup and discover investment sources in Colorado and beyond. Send info to: philm @ innovationeconomics.com

    April 20, 2013

  • Philip M.

    Some good questions ... keep them coming! Please, clarify the stage your company is at. How far along the pathway from seed-stage (raw startup) to early-stage company are you, with reference to evidence of business progress:

    1. Corporate organization with authorized preferred shares?
    2. Prior rounds from company founders, friends or family members?
    3. Patent applications filed or other IP strategy in place?
    4. Beta tested product or services, or launched a “beta” website?
    5. Evidence of revenue generation, first adopters or customers?
    6. Defined commercialization and sales strategy in place?
    7. Capable management team in presenting to investors?

    This will help our panel suggest strategies for companies at different stages of development: seed-stage, angel investor-ready and early-stage, scale-up ready. Send your question and outline to: philm @ innovationeconomics.com

    April 20, 2013

  • A former member
    A former member

    April 17, 2013

  • Philip M.

    Everything You Always Wanted to Know About Startup Funding; But Were Afraid to Ask

    Rather than the usual panel format, we're trying something different with the April meetup. To create a more relevant and in-depth dialogue between panelists and attendees, we are asking entrepreneurs to send us the "business funding questions that are keeping you up at night".

    Send your question and a short outline of you business model and goals to: philm @ innovationeconomics.com

    We will share a list of top questions (it will be anonymous - no individual or firm identified) with expert panelists (VC, angel, crowdfunding, commercial loans etc) ahead of the meeting. The goal is to empower a more informed exploration of investment pathways to success relevant to YOUR business.

    Make sure you invite along digital health entrepreneur friends to this dynamic Meetup!

    April 17, 2013

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Bill

I started the group because there wasn't any other type of group like this. I've met some great folks in the group who have become close friends and have also met some amazing business owners.

Bill, started New York City Gay Craft Beer Lovers

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