Hello, and welcome back to Equity, our venture capital-focused podcast, where we deconstruct the stats behind the headlines. It’s Saturday, so have a wonderful day!
We couldn’t resist taking the microphones when news leaked that meditation software Headspace and on-demand mental health service Ginger were combining. We were in the mood for hot takes, so Natasha and Alex held the discussion over Twitter Spaces, as you can see. The special guests we had on, who we’ll discuss below, did not disappoint.
It’s a brief presentation, but the TL;DR is that if you’re interested why a meditation software would get into therapy, how Lyra Health and Calm’s precedent may be applied to healthcare reform, and how consolidation looks for the industry as a whole.
Here are the people who aided us in understanding and contextualizing the news:
- Deena Shakir, a partner at Lux Capital and the host of “Crowdfunding Love,” will be joining us (who is also attending Disrupt 2018).
- Chrissy Farr, the co-founder and CEO of OMERS Ventures (who you may also remember as a former CNBC reporter in the healthech sector), recently said this.
- The firm is a top-down crypto fund that specializes on early-stage businesses.
Russell Glass, the CEO of Ginger, was unable to join us on stage owing to technical difficulties. Twitter Spaces are a lot of fun, but the platform is still relatively new, which means mistakes can cause live production trouble.
However, we were able to obtain some of his notes via email, so let’s have a look at them:
- According to Glass, who is on the board of Headspace Health, he agrees “with what Chrissy Farr and others said about there simply not being enough therapists in the market now to meet the enormous demand.” He also notes that “there’s real worldwide need for what Headspace Health has to offer – a scaled, comprehensive
- On his Google account, he also doubleclicked on the related topic of future “meaningful market concentration,” suggesting that he expects it to occur particularly in “areas that cater to higher acuity care for severe mental illness.”
Please subscribe to the podcast on Twitter so that you may witness us go live. These are intended to be spontaneous pop-up events, so your best chance is to enable notifications so you don’t miss out on our Spaces. That’s all there is to it. Thank you all very much!
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