SpringTide Ventures

Congratulations to the Biotia team on receiving the first-ever NY State regulatory approval for a urine infectious disease test powered by genomics and AI. Full press release linked in comments. #aiforgood

We are proud to announce that Prolucent has raised a strategic investment by Northwell Holdings, the for-profit investment arm of Northwell Health. This funding will accelerate the development and expansion of Prolucent’s AI-driven workforce management solutions for healthcare organizations nationwide. See full announcement in comments. #aiforgood

Private equity consolidation within healthcare can lead to efficiency and quality benefits, but has instead too often led to poor outcomes and underinvestment in fundamental innovation. I wrote the linked article in HIT Consultant Media suggesting a few ways for private capital investors to improve how we fund healthcare. Accel-KKR Cerberus Capital Management Warburg Pincus LLC Blackstone Apollo Global Management, Inc. Bain Capital THL Partners Hg American Securities TA Associates Thoma Bravo TPG Clayton Dubilier & Rice Trilantic North America Summit Partners Oak Hill Capital Patient Square Capital Francisco Partners Vista Equity Partners Ampersand Capital Partners General Atlantic Berkshire Partners Lee Equity Partners, LLC Silversmith Capital Partners HGGC DW Healthcare Partners Charlesbank Capital Partners HealthQuest Capital

We loved spending time with our investors and many of the top leaders in healthcare at our Annual Meeting and Wave 2024 event last week! We can't wait for next year's gathering with you all. Thanks to our friends at the Snowpine Lodge for the excellent venue, and our especial thanks to our speakers Daniel Lambert, Dallen Allred, Rebekah E. Gee MD MPH (2x!), Jon Lensing, Nizan Friedman, Ph.d, Kyle Rolfing, Zach Taft, MBA, John Carreyrou, Darius Shahida, Nirav Shah, MD, MPH, Aneesh Chopra, Kapil Parakh, MD, MPH, PhD, Michael McCabe, Justin R. Brueck, Nick Barcellona, Zain Kazmi and Peter McCaffrey, MD, MS, FCAP, and Chris Altchek.

We're thrilled to share that Wolters Kluwer Health is integrating its popular clinical decision support solution,?UpToDate,?into doctors' workflows through?Wellsheet—our company offering "smart" AI-powered user interfaces that aim to simplify electronic health records (EHRs). Full article in comments. #aiforgood #digitalhealth

We're happy to announce Raydiant Oximetry, Inc. has received an $1 million grant from the Bill & Melinda Gates Foundation to advance fetal monitoring technology. To learn more visit https://lnkd.in/gbfsuRHp

We are thrilled to host the Wave 2024 summit this October in Alta, Utah. Wave convenes the Top 100 leaders in healthcare every year to discuss the most impactful emerging technologies, policies, and models of care and payment. We’re especially excited to welcome our keynote speakers: Darius Shahida: As the Chief Strategy Officer and Chief Business Development Officer at Butterfly Network, Darius has been at the forefront of digital ultrasound innovation. He’s overseen major initiatives, including a $250 million medical imaging raise in 2018 and a $1.5 billion merger in 2020 that took Butterfly Network public on the NYSE. His strategic vision and leadership have been pivotal in transforming healthcare technology. John Carreyrou: A renowned investigative reporter and author, John is best known for his groundbreaking work in exposing the Theranos scandal. His relentless pursuit of the truth, chronicled in his bestselling book Bad Blood, earned him two Pulitzer Prizes and shook the healthcare industry to its core. His insights into the importance of ethics and transparency in healthcare are more relevant than ever. We’re incredibly excited about the insights and discussions that will emerge from Wave 2024. Here’s to shaping the future of healthcare alongside some of the industry's most forward-thinking leaders! #HealthcareInnovation #Wave2024 #SpringTideVentures #FutureOfHealthcare

Congratulations to the entire team at Vytalize Health on ranking No. 1 on the prestigious Inc. 5000 across all industries after achieving $1.5 Billion in revenue for 2023 and a remarkable three-year revenue growth rate of 90,778%! We couldn't be more proud. #valuebasedcare

Raising venture capital is historically difficult, and Steve Jobs' experience raising money for fledgling Apple Computer outlined below is a case in point. Some key takeaways for entrepreneurs are: 1. Lead with product; 2. Persevere and build proof; no does not mean no forever; and 3. Conviction among investors is often built as a network function. Apple's seed financing timeline: 1. Tom Perkins and Eugene Kleiner (Kleiner Perkins) refused to meet Jobs. 2. Bill Draper dismissed Jobs and Wozniak as "arrogant" after an associate's visit. 3. Pitch Johnson doubted home computers, asking, "Are you going to put recipes on it?" 4. Stan Veit rejected Jobs' $10,000 offer for 10% of Apple, mistrusting Jobs' appearance. 5. Nolan Bushnell declined to buy one-third of Apple for $50,000 but introduced Jobs to Don Valentine, founder of Sequoia. 6. Regis McKenna refused to design Apple's commercials for a 20% stake, saying, "20% of nothing is worth approximately nothing," but also introduced Jobs to Valentine. 7. Don Valentine was skeptical but guided Jobs on management and marketing. Valentine introduced Jobs to three contacts; Mike Markkula, the third, saw potential in Wozniak's design and invested $91,000 for 26% of Apple, becoming its first angel investor. Markkula convinced McKenna to help Apple with publicity, leading to the creation of Apple's iconic logo. Markkula persuaded Venrock's Hank Smith to invest $300,000 for 10% of Apple. Eventually, Don Valentine invested a small portion, believing his presence on Apple's board would be beneficial. H/t to Angelos Georgakis for the graphic and storyline.

IgniteData is driving remarkable advancements in EHR to Electronic Data Capture (EDC) interoperability. This piece delves into how Ignite Data is revolutionizing clinical trials with innovative technology that enhances efficiency and data integrity. Check out the full article to hear from CEO Zach Taft, MBA and learn more about their cutting-edge solutions!