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Annually, Rock Well being brings collectively greater than 100 digital well being CEOs for candid, closed-door conversations about methods to construct a profitable firm in digital well being. For the 2021 Digital Well being CEO Summit, co-hosted with Enterprise Lab on the College of Pennsylvania, we had been joined by a various group of CEOs whose organizations’ progress phases ranged from pre-seed all through profitable exits. Discussions centered on matters like crafting pitches, going to market, inclusive hiring practices, and navigating instances of uncertainty. On this intimate setting, CEOs shared trustworthy and priceless insights about their experiences in remodeling healthcare.
Beneath are a couple of of the standout takeaways from the time collectively:
1. Relationships drive outcomes
Surrounding your self with the correct folks—together with your staff, buyers, mentors, and champions—is integral to long-term success. A key theme emerged from a number of anecdotes round relationship constructing, and much more importantly, relationship administration. By no means miss a possibility to satisfy folks in any setting, since you by no means know the place (or whom) your subsequent investor or accomplice is perhaps.
“Fundraising continues to be very a lot a relationship-driven sport. Ensure that to construct these relationships lengthy earlier than it’s time to truly pursue buyers.”
Founders beneficial enjoying the lengthy sport in relation to networking—and accomplish that with out agenda and out of doors of raises—with a purpose to guarantee that you’ve got established belief with real interactions lengthy earlier than you will have a selected request. And be sure you use that point to seek out the correct companions who’ve capabilities that may propel your specific group—with all its distinctive wants and aspirations—ahead. Past exterior relationships, founders additionally shared that constructing and nurturing an amazing staff that embraces your mission is the one approach to achieve success. In any case, you possibly can’t do it alone—and also you’re solely nearly as good because the folks round you. Lastly, when it’s all stated and accomplished, pay it ahead: spend time connecting new founders along with your connections who could discover curiosity of their enterprise concept.
2. Run towards the hearth
It’s human nature to keep away from ache, loss, and battle, so it’s most likely honest to say that almost all of individuals don’t begin with nor search out probably the most difficult ingredient of a undertaking. However lo and behold, that’s precisely what the founders who spoke this 12 months emphasised all of us ought to be doing:
“Enable your self to spend probably the most time on the toughest and hardest downside. Begin there first.”
Their classes had been succinct: don’t be afraid of failure, don’t be afraid to have the troublesome conversations, and don’t be afraid to be flawed. And within the meantime, don’t overlook to look at these challenges from completely different angles and views, which is of specific significance within the digital well being house. Studying to face the issue permits us to not draw back from it, and to higher put together to forge forward by way of the entire trials and tribulations that include startup life.
3. Be trustworthy with your self
Lots of our attendees expressed how lonely the job of founder or CEO is—and the way onerous it’s to discover a house to actually try from the fixed pitching, main, planning, and strategizing. It was gratifying to listen to that this 12 months’s CEO Summit offered that outlet by way of open, trustworthy conversations and shared experiences. Lots of the individuals acknowledged the worth of peer-to-peer connections, trustworthy conversations and shared studying.
“I haven’t acquired enterprise funding but, which may be actually lonely. Occasions like this actually assist folks like me—I really feel like I’ve a neighborhood I can go to once I’m struggling.”
We’re so grateful to the entire digital well being CEOs who joined for this 12 months’s occasion and are already wanting ahead to subsequent 12 months’s CEO Summit on March 16, 2022 in San Francisco. For extra details about attending or sponsoring, attain out to us.
Lastly, a particular thanks to all of our fantastic sponsors: Fenwick, Johnson & Johnson Innovation, Ogilvy, and JP Morgan; and our co-host, Enterprise Lab on the College of Pennsylvania, powered by the Wharton College! We deeply recognize your dedication to the digital well being neighborhood.