Evaluating New Health Care Ventures: An Everyone Included Approach

Class Objective: With ever-growing innovation in healthcare, how do investors evaluate and fund new ventures in one of the most diverse, operationally complex and regulated industries? Health care investment is unique in its dynamic evolution across decades of scientific, business and regulatory development. How might patients, providers, technologists, and investors which we define as our Stanford Medicine X Everyone Included team model help identify the best opportunities for the health care investor? This course will provide the student a window into the venture world with some real world practical experience through a mock diligence and company evaluation. For those who are starting new companies, they will have a better understanding of what to expect from the VC world as they interact with it for funding and as they run their companies. How do VCs evaluate companies? What do they look for when they fund companies? How can you be best prepared to present your ideas? You will pitch your company to a panel of VCs at the end of the course. This participatory course will feature guest speakers including senior investment professionals, visionary business leaders and passionate new voices such as patient experts that have traditionally been absent from investment decisions. Students enrolling for 2 units prepare a final presentation. 1. Is there a value proposition? Understanding the unmet need, market 2. Is there enough of a market, go to market strategy and market dynamics including competition 3. The product- does it work? What is the roadmap to success? 4. Who will buy it and what are the revenue streams? 5. Is there a fit with our investment thesis: the investment thesis- how to develop one and how to assess against it 6. How does the business work, is it scalable? 7. Vision and roadmap to success 8. Financials and legal diligence 9. Recommendation proposals presentation I 10. Recommendation proposals presentation II. We do not advocate or advise on practices and suggest that you strictly adhere to your hospital's policies and procedures. Our goal is to provide the best data available at the time of publication.