Skip to main content

TEXO Ventures - Building Innovative Healthcare Companies In Texas

Curious about health care's future? Get a glimpse by watching what venture capitalists are doing TODAY. The bets they're placing offer hints to the possible, the probable and the 'unlikely but can't rule it out' game-changers.

In recent VC news, Austin, TX-based TEXO Ventures announces the official launch of their investment approach, "...drawing on (partner) expertise in healthcare and business development to create a new model for building innovative healthcare companies."

TEXO Ventures describes itself as...
"(...investing in and building) innovative healthcare companies, but — more importantly — (investing) in passionate entrepreneurs dedicated to advancing the art, science, and business of healthcare. We work side-by-side with these company founders, providing both the capital investment and expert collaboration necessary to move young healthcare companies towards successful commercialization"
A late-2009 Venture View 2010 survey from the National Venture Capital Association found cautious optimism about improving conditions in the venture capital "ecosystem" but also a sense of realism about the industry's contraction.

Survey respondents nominated Clean Technology as the industry with the brightest VC growth prospects, followed by Internet, Media & Entertainment and Software.

Opinions were split about prospects in biotech and medical devices, with survey respondents equally divided as to whether investment levels will grow, decline or remain the same. However respondents did forecast a change in investment mix toward the growth equity stage and away from early and seed stage investments;
"According the survey, most VCs expect the Growth Equity stage of development to increase with 55 percent of all respondents predicting increased investment there in 2010. Fifty-three percent see growth in Later Stage investing; 49 percent in Expansion stage investing. Fewer VCs think the number of younger company investments will grow with 45 percent of respondents predicting growth in Early and Seed stage investments.

'“Of all the predictions put forth this year, a collective lack of enthusiasm for seed and early stage investing is the most concerning,” ... “The weak exit market combined with proposed tax policy which would discourage long term investment puts tremendous pressure on our industry to move towards later stage investing. Yet, seed and early stage companies represent a pipeline that must be supported if our country is to continue building new and innovative companies. We need the environment to improve for these early stage investors.”'



Comments

Popular posts from this blog

Being Disrupted Ain't Fun. Deal With It.

Articles about disrupting healthcare, particularly those analogizing, say, Tesla's example with healthcare's current state, are frequently met with a chorus of (paraphrasing here) "Irrelevant! Cars are easy, healthcare is hard." You know, patients and doctors as examples of "information asymmetry" and all that. Well, let me ask you this: assuming you drive a car with a traditional internal combustion engine, how much do you know about the metallurgy in your car's engine block? I'll bet the answer is: virtually nothing. In fact it's probably less than you know about your own body's GI tract. Yet somehow, every day, us (allegedly) ignorant people buy and drive cars without help from a cadre of experts. Most of us do so and live happily ever after (at least until the warranty expires. Warranties...another thing healthcare could learn from Tesla.) Now, us free range dummies - impatient with information asymmetry - are storming healthcar…

Becoming Consumer Friendly In Five Easy Steps...Or Not

An article at hhnmag.com offers hospitals 5 steps to becoming more consumer friendly.

If you still think there's a secret sauce to your hospital becoming more "consumer friendly," these 5 steps are as good a place to start as any.  Unfortunately, it's a little like that old Steve Martin comedy bit where he says he'll teach you how to be rich. The first step is to go find a million dollars.

Step 1 from the article is realizing that "...a Medicare beneficiary with chronic conditions is different from a young mom who brings her kids in for an annual check-up." This is market segmentation for beginners, and, yes, one size decidedly does not fit all. I'm sure your marketing team's been saying this for a while.

Steps 2-5: have a strategy, metrics, a champion and resources. OK. Hard to argue with any of those.

But those things, alone or together, won't overcome culture. They're important components to be sure, but insufficient without a …

Behind Every Resume Is A Potential Customer...and Karma.

I recently heard from an executive colleague who, thanks to a merger, found herself looking for her next opportunity. Her story, probably depressingly familiar to many of you, was all about the big black hole of rudeness and non-responsiveness that so often sums up employers' attitudes toward candidates.

This colleague, thinking she'd see the healthcare world from a new vantage point, pursued opportunities with consultants, IT vendors, architects and other suppliers who, far from appreciating her solid resume, were like the 3 Stooges of clueless.

So back to a senior health system role she went, WHERE SHE NOW INITIATES AND MANAGES RFPs FOR SOME OF THE VERY SAME COMPANIES who wouldn't talk to her as a candidate, but profess their LOVE for her now that she's got money to spend on their services.

Not gonna happen. Any guesses who's off the RFP list?

I smiled when I heard her story, imagining the BusDev people working hard to grow the revenue pipeline, all the while b…