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Why are healthcare startups harder? Watch this video

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Startup Funding

“Domain specificity is important.” It is so refreshing to hear a tech entrepreneur like Steve Blank say this. Blank has been working with researchers and clinicians for almost three years to bring the lean startup philosophy to healthcare. This is one of his conclusions about the industry.

Many people trying to get healthcare into the 21st century – doctors, nurses, entrepreneurs, investors – have been frustrated by the obnoxious attitude that technology is the solution to everything. A few too many tech entrepreneurs have breezed into the health world with “the solution.”

If you know anyone who still thinks “fixing healthcare” is easy, send them this video. Steve Blank moderated this session that features four venture capitalists discussing revenue models in therapeutics, devices, diagnostics and digital health. The conversation was part of the lean launchpad course at University of California San Francisco for clinicians and researchers. He summarized the 17-minute video in his blog postabout the session. Here is how he summed up how each …

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