By Lee Shapiro
Earlier this week, USA Today published an Op Ed by Aaron Levie, the CEO of Box (a company where my partner, Glen, is a special advisor). I was in complete agreement with Aaron’s observation that with “mobile and cloud technologies, health care can become more efficient and personalized” as opposed to the inefficient morass it is today.
At 7wire Ventures, our investment philosophy is rooted in the thesis that the informed health consumer will drive the next value shift. Consumers are already experiencing a higher degree of convenience and service in other aspects of their lives – and will expect healthcare to meet them where they are – examples are evident in mobile banking, automobile insurance claims and, of course, shopping. One of our more exciting investments is in Livongo Health, who are leveraging the new technologies that Aaron highlights in order to deliver better services to individuals with chronic disease. We fully expect that other new solutions will emerge that leapfrog incumbents to take advantage of technologies and current market dynamics.