Beyond the Pitch: The ?6 Crore Lesson for Investors
Dr. Kumaresh Krishnamoorthy
Transforming Healthcare Through Innovation | Bridging Medicine, Technology, and Entrepreneurship | National Innovation Mentor | ENT Specialist | Catalyst for Change | Advisory Board Member | Top 25 HealthTech Innovator
Imagine saving ?6 crores with a single decision.
That's exactly what happened when I helped a VC firm evaluate a promising healthcare start-up.
Start-up ecosystems are filled with exciting ideas, polished pitches, and grand visions. One such start-up had already won multiple awards, secured seed funding, and boasted an impressive board.
Yet, behind the slick presentation was a concept defying scientific principles—far from becoming a viable Proof of Concept (PoC).
Digging Beneath the Surface
On the day of the pitch, I asked key questions to probe their claims. It became evident that their "trials" were merely showcases of what they hoped to achieve, not actual progress.
Even reaching the PoC stage would take at least 3-4 years, followed by pre-clinical and trial phases, with uncertain long-term implications. They had exhausted grant funding and were now turning to investors to stay afloat.
I shared the cautionary tale of a similar international start-up. After close to five years and receiving millions of dollars in funding, they wound up operations. As the founder admitted, "We realized we cannot defy science."
Why Docpreneurs are Essential in the Start-Up Ecosystem
Start-ups thrive on ambition, but success requires more than just vision—it demands a strong foundation in science and execution. This is where docpreneurs play a pivotal role.
How I Add Value:
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This holistic approach not only saves money for investors but also grounds start-ups in practical, scalable solutions.
Go Beyond the Pitch: A Word to Investors
Awards, big names, and polished pitches are not guarantees of success. An informed decision comes from digging into the core problem and solution.
A Note for Start-Ups
Having a strategic guide who understands science and business can be the difference between success and costly setbacks.
Final Thought
In a dynamic ecosystem, investors and start-ups alike benefit from having docpreneurs on board—people who can navigate complexities, connect the dots, and create lasting impact.
Call to Action
If you're an investor seeking expert evaluation or a start-up founder looking for strategic guidance, let's connect to explore how we can build success stories together.