Digital Health Heavyweights
This conversational podcast brings you exclusive interviews with all the Heavyweights in Digital Health. Hosted by Norm Volsky, a top industry headhunter, whose team helped scale companies including Livongo, Hinge Health, Lyra, Virta, Progyny and many more. This series will bring listeners insights into the latest trends, technologies, and strategies driving the digital health revolution.
In each episode, Norm sits down with some of the most influential and innovative leaders in healthcare technology today from legendary founders who have built successful companies, venture capitalists who have led funding rounds, HR/Benefits leaders at forward thinking companies, Consultants and Brokers at the top benefits consulting firms, and other impactful visionaries challenging the status quo in healthcare. Listeners can learn from the industry greats who have created what we now know as health benefits, and who are changing the face of healthcare as we know it.
Whether you're a healthcare professional, a tech enthusiast, a start-up founder, benefits aficionado, jobseeker in Digital Health, or simply curious about the future of healthcare, Digital Health Heavyweights has something for you.
Digital Health Heavyweights
Episode 28 - Cheryl Cheng, Founder & CEO of VIVE
🎙️ Welcome to this insightful episode featuring Cheryl Cheng, founder and CEO of Vive Collective, as she joins Norm Volsky to delve into the dynamic world of venture capital.
With a background steeped in finance and venture capital, Cheryl shares her invaluable experiences from her time at Blue Run Ventures, shedding light on the intricacies of the industry. Throughout the conversation, Cheryl underscores the importance of grasping the business side of venture capital and navigating the unique challenges within healthcare. She offers her perspective on investment strategies, emphasizing transparency and collaboration as essential components of the process. Cheryl explores the qualities she seeks in founders, stressing the significance of integrity, maturity, and practicality, particularly in the healthcare sector. Furthermore, she provides invaluable advice for entrepreneurs navigating fundraising in a competitive market, while also addressing the vital aspects of maintaining wellness amidst the demands of the job. As the discussion unfolds, Cheryl shares her takeaways and insights, touching upon crucial elements such as market timing, leadership, and the significance of emotional intelligence in the VC landscape. Additionally, she outlines her areas of interest for investments, including pharma tech, back-office, and oncology spaces. Join us for a deep dive into the world of venture capital, where Cheryl Cheng's wealth of knowledge offers invaluable guidance for both investors and entrepreneurs alike. Don't miss out on this enriching conversation!
Chapters:
Cheryl's Background and Venture Experience
03:18
Lessons from Blue Run Ventures
05:34
Lessons from Successful Investments
08:35
Lessons from Investments that Didn't Go Well
11:02
Starting Veev Collective
26:45
Building Veev Collective
33:44
Investments at Veev Collective
44:36
Transparency and Collaboration in Investing
45:05
Characteristics of Founders
46:31
Importance of Analysis, Decision-Making, and Strong Operators
47:29
The Need for Strong Operators in a Sluggish Market
48:25
Maturity and Stepping Aside for Strong Leadership
49:34
Integrity and Understanding the Business in Founders
50:01
Avoiding Scaling Too Quickly and Understanding Healthcare
51:28
Defining a Great Operator
52:29
Building a High-Performing Team and Cross-Functional Cooperation
53:54
Hiring, Firing, and Leveling Up the Team
55:03
The Importance of Emotional Intelligence in VC
56:08
Organizational Issues in Tech Companies
57:12
Advice for Founders Raising Money in a Difficult Market
58:40
Fundraising Process and Managing Existing Board and Investors
01:01:30
Areas of Interest for Investments
01:05:07
Balancing a Stressful Job with Wellness
01:09:55
Healthy Recipes and Community
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