205: Finding a Mission and Making the World a Healthier Place, With Munjal Shah of Health IQ

The Foundr Podcast with Nathan Chan

Nathan Chan

Marketing, Business, Entrepreneurship

4.8 • 662 Ratings

🗓️ 28 June 2018

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

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Summary

A health crisis that landed Munjal Shah in the ER turned out to be the catalyst for his next mission: making the world a healthier place. On the day Munjal Shah started running a 10K race back in 2010, he was on top of the world. Just the day before, he had sold his company to Google, marking his second successful exit. Then the chest pains started. Shah wound up in the ER, and while it didn’t end up being a heart attack, the incident was a sobering reminder that his own father had had one while in his 40s. It was a wake-up call for Shah, who was 37 at the time. He started focusing on his health, lost 40 pounds, and decided his next entrepreneurial endeavor would make the world a healthier place. “People always say, ‘Go find your mission,’” Shah says. He’s now the founder of a new and growing insurance startup called Health IQ, which encourages healthy behavior by taking a data-driven approach to its coverage. “I would say my mission found me.” Key Takeaways The journey that led to two successful exits (one was with Google) The unconventional, non-scalable hiring methods that led Shah to build A-player teams How Shah discovered his mission and how this fuels his startup’s success Shah’s top advice for founders looking to raise a round of financing When and how to pivot: the key to Shah’s successful track record Shah’s top tips for busy entrepreneurs (it has nothing to do with meetings, investors, or customers)

Transcript

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0:00.0	This is episode number 205 with Mungjaal Shah of the Founder Podcast.
0:06.8	What you need is thirst. You need to be a thirsty human. Who is intent on learning. It's a really
0:13.4	fascinating exploration of human potential. Now, the founder podcast. Even the greatest entrepreneurs had help
0:24.0	If you want to learn from the most successful founders on the planet
0:27.6	You are in the right place
0:29.4	Branson, Mark Cuban, Tony Robbins, Tim Ferriss
0:32.2	Arianna Huffington, Steve Case, Gary V, Sophia Amoroso, Barbara Corcoran,
0:36.0	Damon John
0:36.7	Learn from the greatest minds in business today with interviews hosted by Nathan Chan.
0:41.6	This is not your average entrepreneur podcast. The Founder Podcast.
0:52.4	Hey guys, thank you so much for tuning in. Before we start today's episode, I just want to let
0:58.5	you know that our goal at founder is to help entrepreneurs succeed however we can by giving
1:04.1	away high quality content in the form of interviews, blog posts, podcasts, YouTube videos,
1:10.3	you name it. We put out so much content to help you.
1:13.4	And another interesting project that we're working on right now is partnering with world-class
1:18.3	founders like Damon John, Alexa von Tobel, Greta Van Riel, and so many more to teach crucial skills
1:24.8	like negotiation, finance, e-commerce, and so much more.
1:30.5	So if you'd like to get access to these free trainings with founders like this, which is 100% free,
1:37.5	just go to founder.com forward slash free.
1:40.7	Okay, so now let's talk about today's episode.
1:46.7	Hello and welcome to another episode of the founder podcast. My name is Nathan Chan and I'm your host coming to you live from hometown,
1:53.1	homegrown Melbourne, Australia. I'm also the CEO of Founder magazine. So, guys, what's been happening?
	...

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