Resetting expectations for VC investing in health tech

Here’s something I probably shouldn’t say out loud as an investor at a venture firm, let alone write about. But here goes.

Not everything and everyone should be backed by venture capital.

There are plenty of alternatives to this type of capital source and we don’t talk about them nearly enough. Because we are obsessed as an ecosystem with the venture model and the potential for startups to become unicorns. The vast, vast majority in health care will not be. And that’s okay. What worries me is when we try to force it - which I see far too much of and I’ll elaborate on this theme throughout this post.