MedCity INVEST Ask the Investor Highlight: Rachel Kern of First Belief Capital Companions

On the MedCity INVEST convention, scheduled for Might 22-24 on the Ritz Carlton in Chicago, healthcare and life science startups have the chance to community and interact in salon-style discussions with buyers. These Ask the Investor classes will likely be held in the course of the breakfast segments of INVEST on the mornings of Tuesday, Might 23 and Wednesday, Might 24. Startups must register to take part.

Click on right here to register.

We’re spotlighting a number of the buyers collaborating in these classes. Rachel Kern is a Vice President with First Belief Capital Companions. Since she joined in 2016, she has led investments in a wide range of well being tech corporations, together with Predict Well being, Vycta, Third Eye Well being, and Script Well being.

What’s your agency’s funding technique?

First Belief Capital Companions, LLC (FTCP) invests in early and development stage corporations throughout a number of industries however with a give attention to monetary providers and healthcare expertise. FTCP is predicated in Wheaton, Illinois. FTCP has made greater than 90 non-public investments over the 15 years since its inception.

Rachel Kern

FTCP invests steadiness sheet capital which affords us the power to help the expansion of compelling companies with disciplined persistence. We make investments as much as $5 million in preliminary funding whether or not by means of lead or co-investment technique. We give attention to long-term capital appreciation by means of significant engagement with our portfolio.

What are 1-3 issues you desire to entrepreneurs pitching you to maintain entrance of thoughts? 

  1. Do your homework on the particular person you might be speaking to, as it’ll information the route and story of the pitch. Do they spend money on your sector? Do they spend money on the stage you might be elevating? Would they be a very good companion?
  2. Be enthusiastic about what you might be pitching! We need to again entrepreneurs which might be obsessed with what they’re doing. Smile and sound excited even in the event you made the pitch 1,000 occasions with no success.
  3. Make your corporation mannequin and differentiation very clear. We need to know what you might be in search of and what makes you and your organization completely different.

What are a number of the simple fixes healthcare/life science startups could make to enhance their pitch? 

  1. Grasp your elevator pitch. Buyers ought to know what you do and the issue you might be fixing throughout the first minute of your pitch.
  2. Verify for spelling and grammar errors! You’ll be stunned what number of errors we see in pitches.
  3. Keep away from acronyms with out defining them.

What was the final firm you invested in?

Karoo Well being, which gives end-to-end, tech-enabled, value-based cardiac care.

What subsector of well being tech or life science are you excited by in the meanwhile?

The expertise that helps and permits new care fashions, particularly value-based care and in addition, dwelling / post-acute well being expertise.

Photograph: drogatnev, Getty Photos

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