Searching for Overlooked Opportunities? Try Healthcare, Says VC
Al Waxman has an agenda. The founder of Psilos Group -- an 11-year-old healthcare-focused venture capital firm with offices in San Francisco, Santa Fe, and New York -- wants more VCs to forget about backing Web startups and electric cars and start focusing instead on finding startups that can meaningfully improve the nation’s disastrous healthcare system. Waxman isn’t interested in drug discovery. As he says, “that’s not our thing.” Instead, he says there are plenty of opportunities to create efficiencies around retiree health benefits, medical records and the like, and that it’s only American to start chasing them down -- now. For what it’s worth, Psilos’s biggest hit to date has been Active Health Management, a company that advised businesses and public health organizations on how to improve healthcare based on the
