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The a16z Show

Devoting Your Life to Reinventing a Broken System

The a16z Show

a16z

Disruption, Culture, Technology, Software Eating The World, Innovation, Science, Entrepreneurship, Business

4.21.2K Ratings

🗓️ 25 March 2024

⏱️ 25 minutes

🧾️ Download transcript

Summary

At the a16z LP Summit, we brought hundreds of our limited partners and portfolio founders together in Las Vegas. The event was truly overflowing with stories of how founders are challenging the status quo and harnessing technology to make the world a better place. Amidst these stories, it became clear that in the realms of public safety and healthcare, the stakes couldn't be higher—these sectors not only hold lives in balance but also stand as fertile ground for technological breakthroughs. In this episode, a16z General Partner Vijay Pande chats with Ed and Todd Park, the visionary siblings behind Devoted Health. Their mission? To overhaul a healthcare system they describe as critically essential yet deeply flawed. The Park brothers delve into the genesis of their ambition to construct a healthcare system from scratch, underscoring the sector's urgent need for technological innovation and the game-changing role of AI. Kicking off with an American dream story, this episode is a must-listen for anyone interested in how technology can reshape healthcare for the better.

Transcript

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0:00.0

I don't care how smart you are, okay? You cannot navigate yourself through American

0:05.1

health care. My dad had saved $50,000 which was all the money he had in the world

0:09.2

to send us to grad school and we're, we have this idea to start the company and we need about

0:16.0

$50,000. So could we have it? And he's like, heck no. And frankly, when you think about

0:21.2

health care, I don't think we have a minute to waste.

0:23.0

So part of this is that if you actually produce a net better service,

0:29.0

it doesn't mean that you're going to get paid for it.

0:31.0

That was actually the really sort of incredibly painful lesson we

0:34.1

weren't from the first time that we built Athena. They were really built to

0:38.6

react to catastrophe. So they're great at acute care when the fit hits the sham, right?

0:43.2

They're massively under-invested in, under-supported in preventing catastrophe.

0:47.8

So why is that a tech problem? Like where does tech fit into this? At A16Z's recent LP Summit,

0:55.0

we brought together hundreds of our limited partners

0:58.0

and portfolio founders back together again in Las Vegas.

1:02.0

The event was truly overflowing with stories of how

1:05.0

founders are challenging the status quo and harnessing technology to make the

1:09.2

world a better place. However, there are two industries where there is no question that

1:15.5

lives are literally on the line, public safety and health care. Yet these are also

1:21.5

two arenas for technological innovation that despite being so critical

1:26.4

are also often equally misunderstood.

1:29.8

And that is why we've chosen to open up two of the summit sessions to the public to really show what a better version of the future can look like.

1:38.0

Even in industries where technology is not always celebrated.

...

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