7/26/2023 0 Comments Venture capitalist healthcare![]() She sees rich opportunity in telehealth and remote patient monitoring, noting “We believe that winning solutions will increasingly rely on technologies squarely within PVP’s sweet spot: novel sensors, microfluidics, and integrated systems with miniaturized electronics and photonics. PVP SF builds upon the success of three prior early-stage funds and invests in teams that make people healthier, healthcare costs lower, and our planet more sustainable through products and technologies using advanced materials, sensors, optics, bioprocesses, and other, primarily hardware-enabled tools. Jenkins co-leads the Life Science practice of Phoenix Venture Partners Seed Fund, writing $250,000-$500,000 first checks for deep-tech platform companies that transform the way we diagnose, monitor, or treat health conditions. ![]() I believe that ultimately the change to back more underrepresented founders should be supported and accelerated from both the VC and the LP community.” Christina Jenkins MD, Venture Partner at Phoenix Venture Partners Seed Fundĭr. I am convinced that this is going to change with more and more women entering the venture capital space hand in hand with a greater consciousness for the benefit of diversity. Too often VCs subconsciously use biased signals for their decision-making that reiterates the status quo of white male successful founders. We as VCs should see it as our responsibility to encourage more high-profile under-represented individuals to become founders in the first place. “I often see male founders building advisor networks with people who are willing to open doors for them. Van Cong is convinced that the best way to break through these barriers is to look for allies and experienced operators and investors who are happy and willing to share this knowledge. I’m convinced that some of the next generations, ground-breaking tech companies are created during this crisis.”įor women entering both the tech and the VC space, the two worlds may seem opaque from the outside. Some of the big tech companies (such as Shopify) were created and, or became incredibly successful during the last global financial crisis. More and more VC funding is going into tech. We see this reflected in the valuations of public tech companies as they are rallying from high to higher. “The importance of tech for billions of consumers and numerous enterprises has significantly increased. Van Cong firmly believes that some of the key themes arising from the global pandemic are here to stay: an increase in remote and new work models (freelancing, micro-businesses), a surge in e-commerce penetration, and entire sectors such as food and groceries shifting to online. The Target Global portfolio includes some of the global tech champions such as Auto1, Delivery Hero, Rapyd, Omio, Reef, TravelPerk, WeFox, and Zego. The higher profile partners primarily identify areas or specific businesses to invest in, approve deals (whether they be investments or exits), occasionally sit on the board of portfolio companies, and generally represent their VC firms.Bao-Y Van Cong, Investment Director for Target Globalīased out of London, Van Cong invests in European and Israeli early growth scale-ups, with more than $1.5 billion in assets under management. Principals are on a “partner track” that depends on the returns they can generate from the deals they make. Principals are also in charge of identifying investment opportunities for VC firms and negotiating terms for both acquisition and exit. They usually serve on the boards of portfolio companies and ensure that they operate without major hiccups. Although they do not make key decisions, associates may introduce promising companies to the firm's upper management. They also work with the companies in a firm’s portfolio. They tend to do more analytical work, analyzing business models, industry trends, and sectors. These individuals usually come to VC firms with experience in either business consulting or finance, and sometimes, degrees in business.
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