Digital Health is Dead. Now the Work Begins.
Since 2014, about $16 billion in VC funding has gone into over 800 digital health companies. In an op-ed published by CNBC, Rob Coppedge, CEO of Echo Health Ventures, Cambia’s strategic investment company, states that many of these startups have quietly failed and others are - or soon will be - seeking strategic alternatives.
Rob notes that “when the aspirations of well-meaning digital health entrepreneurs and venture capitalists collided, it created an explosive environment where considerable capital was burned without building truly sustainable businesses.”
However, digital health solutions are needed more than ever. The macro-trends, industry challenges and consumer needs still exist – in fact most have gotten worse during the ramp up of digital health investment. Read the full article to learn about Rob’s advice on how entrepreneurs and investors can take a step back and focus on how to survive and thrive over the coming decade: “Digital health is dead, says this health-tech investor.”