San Francisco
The San Francisco Group will join the Oakland Group on November 17. See Discussion Topic and Presenter Information to the right.
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UPCOMING San Francisco MEETING DATES:
Nov 17* w/Oakland Group……Dec 15
Oakland
Opening Discussion Topic for November 17:
Lessons Learned Investing in the Future of Healthcare
According to Silicon Valley Bank, 2021 was the largest healthcare venture fundraising year ever, with over $86.3 billion raised – more than 2.5 times than that raised in 2019. Of that, $36.3B went into Biopharma; HealthTech captured nearly $28.2B; over $13B funded Diagnostic Tools, and nearly $8.8B went into Medical Devices. And it’s estimated that only 0.05% of startups raise any Venture Capital at all!
It takes even more conviction to be an Angel Investor, although according to the Center for Venture Research at University of New Hampshire, Angels annually fund 63,000+ startups with over $23 billion!
Fortunately for our Group Discussion on lessons learned from funding and investing in the Future of Healthcare, several Round Table Members have raised expansion capital for their healthcare ventures from Angels, VCs, LBOs, the public market, and even from retained earnings. Our Featured Member Presenter, George Carpenter, has done all of the above! And now, as President of CGI Biomed Investments, he’s providing ongoing consulting, board membership and an investment platform for med-tech initiatives for organizations, including Sanofi Aventis, Ambry Genetics, Johnson & Johnson, Elan Pharmaceuticals, and Tech Coast Angels. You’ll definitely want to hear his story – even if you run a nonprofit, as the marketplace, it is a changin’.
George Carpenter is ABL’s only CEO Member to have won our ABBY Award twice. First for WorkWell Systems, in 2004, for their occupational health programs for the Fortune 500. And again, in 2016, for MYnd Analytics, a breakthrough, predictive biomarker platform for reducing trial and error prescribing of psychotropic drugs. As the Founder/CEO of multiple biomed startups, their aggregated exit value has been over $1 billion.
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UPCOMING Oakland MEETING DATES:
Nov 17……Dec 15
Our Bay Area Healthcare Round Table meets on the 3rd Thursday of each month – either via Zoom or sometimes with an In-Person option (*unless a holiday or special event alters the date).
Past Round Table Topics
"Dynamic attendees, energetic discussions and lots of varied and unique perspectives. Really provides thought-provoking dialogue - challenging insights."
“I am not alone! The connections made across Round Tables are invaluable. I learn something new that's relevant to my field at every meeting. It's my think tank family.”
“Interesting AND entertaining!”
" ABL's CEO Groups provide regular and valuable insight into the many different sectors that compromise the healthcare delivery system."
"I really appreciated all the time for discussion. Light bulbs always go off for me in these meetings! Thank you for bringing such innovative thinkers together to take on really the key healthcare issues of the day."
"ABL is like being in an Executive MBA class at Wharton, except it’s a little bit better, because it’s really just all the professors talking about the problem."
"Every meeting fills in another blind spot in my knowledge about the healthcare industry. There is no forum that brings together the broad spectrum of perspectives on health policy so well."
"ABL Members have such a broad range of backgrounds and areas of expertise. Very stimulating perspectives and open, intimate conversations."
"ABL provides an excellent opportunity to share knowledge and expertise on the most current issues in the healthcare industry."
"Through ABL, I've been able to keep informed across a diverse subset of healthcare delivery systems providers on the trends, challenges, and opportunities that are important now. "