Thank you to Mark Osborn of DiaHealth for creating these notes. To contribute to the TWiST PodNotes archive email us.
Episode Date: March 3, 2015
https://www.youtube.com/watch?v=VhX_nvRowUg
Top Insights
- Changing the healthcare system, ranging from regulators to big pharma to consumers, is really really hard. It takes time and money but the long term benefits are potentially quite lucrative, both to the company and society. Change will need to occur from the outside.
"Once the consumers actually have a voice everything changes"
- Scale matters for a data company. They made a bet early on that success would be driven by getting a million customers on the platform at a lower price point.
"If I could get medical records and lab values on all eight hundred fifty thousand people in a scalable way versus ten thousand people really closely I'd go for the eight hundred fifty thousand"
- Yuri Milner invested a couple years earlier to help them get to 1 million people in the database, which enabled them to drop the price to $99
- It has enabled them to test their hypothesis that if you have enough data, you can break even on the core product but make money through other means