On this episode of Investor Connect, Hall welcomes Jay Joshi of MD Angels. Jay, a physician by training, went through undergrad and medical school at the same time in an accelerated medical program. It was there he discovered that he looks at medicine a little differently than the traditional physician. He felt his perspective was different and he thought that would translate into hospital administration. Between medical school and his residency, he learned that he liked to take risks and was a little bit more entrepreneurial and venture-oriented, as opposed to the more risk-averse nature that you’ll typically see in health care. This led him to his first startup, a medical device company. Though that, he learned that many investors in the Midwest considered pre-revenue medical device companies too risky. So, he gravitated towards physicians.
Jay found that in the investment community, physicians are often a disparate group of investors that don’t always have the cohesion necessary to make the right decisions. And so, along with some of the physician investors who came in on his medical device company Output Medical, he ended up creating what is now the largest physician-based angel investment group in the Midwest, MD Angels.
In this episode, Jay speaks about MD Angels’ focus within the healthcare space. He gives some insight into the key startup criteria that lead to successful funding. In addition, Hall and Jay discuss where the healthcare industry is heading, regulatory considerations, and much more.
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Hall T Martin is the director of Investor Connect, which is a 501(c)(3) nonprofit dedicated to the education of investors for early-stage funding. All opinions expressed by Hall and podcast guests are solely their own opinions and do not reflect the opinion of Investor Connect. This podcast is for informational purposes only and should not be relied upon for the basis of investment decisions.