Published inWhat If Ventures·PinnedDisruptive Healthcare Valuation Multiples in Today’s Bear MarketWhat is a fair valuation for a healthcare startup today? That’s a great question. I’ve been trying to answer this for our 43 portfolio companies at What If Ventures as well as for our investors recently as the capital markets continue remain choppy. Let’s take a look at the public…Healthcare7 min readHealthcare7 min read
Published inWhat If Ventures·Jan 18, 2022Digital Health Valuation Trends in 2022What is occurring in the public markets, and how do these developments impact startups and VCs in the digital health and mental health markets? Let’s dig in. Rarely do we find a pure-play public comp that we can compare to a startup. This holds true within the mental health space…Digital Health5 min readDigital Health5 min read
Published inWhat If Ventures·Jan 13, 2022The Dark Ages of Mental HealthLeaning on one of the most overused finance analogies of all time, we are not even in the first inning of the mental health game. Rather, we haven’t even gotten on the bus to go to the stadium for warmups. After investing $40mm into 31 startups in the mental health…Mental Health8 min readMental Health8 min read
Published inWhat If Ventures·Jun 19, 2021Member-onlyATAI Life Sciences’ IPO Taught Me to Dream Big in Mental HealthLast week What If Ventures celebrated the IPO of portfolio company, atai Life Sciences which went public on the Nasdaq and quickly traded up to a nearly $3 billion valuation on its first day (CNBC article on IPO here). The Company, is biopharmaceutical drug development company that leverages a decentralized…Startup4 min readStartup4 min read
Mar 13, 2021Bipolar Disorder Still SucksIt’s ok to have bad days, weeks, or months while living in recovery from addiction or living with a mental illness. However, I feel like I usually write about the successes we’ve had at What If Ventures and I don’t write as much about the bad things. The last few…Mental Health3 min readMental Health3 min read
Published inWhat If Ventures·Jan 5, 2021Member-onlyMental Health Investor Sentiment Survey: Extreme Optimism Going Into 2021During the last week of December 2020, I surveyed 150 mental health startup investors. I asked for their opinions on various issues, such as the latest investment trends in the industry as well as valuation expectations. I’ve summarized the results below and presented the data as objectively as I can…Startups13 min readStartups13 min read
Published inWhat If Ventures·Nov 22, 2020Member-onlyHow to Pitch a Mental Health Startup: 10 Lessons Learned From 150 PitchesIn 2018, I almost lost my life to addiction and untreated bipolar disorder. In 2019, I tried to raise a seed fund to invest in mental health startups. Investors laughed at me and told me they would never give money to someone who, at that time, only had a few…Venture Capital7 min readVenture Capital7 min read
Published inWhat If Ventures·Oct 1, 2020Member-onlyMental Health Startup FellowshipAfter nearly two decades struggling with addiction and untreated bipolar disorder, I almost lost my life to these diseases in 2018. After going to rehab, I wanted to be a part of creating solutions for people like me. I launched What If Ventures as a syndicate, to fund mental health…Startup6 min readStartup6 min read
Published inWhat If Ventures·Aug 26, 2020Member-onlyTwitch Pitch #1 for Mental Health StartupsTonight we are hosting the first of what we plan to make into a series of digital “Open Mic” events featuring mental health startup founders. The goal is to give these founders exposure to potential partners, users, friends and allies while leveraging our platform and exposure (Stigma Podcast and What…Startup3 min readStartup3 min read
Published inWhat If Ventures·Aug 11, 2020Member-onlyRolling Fund FAQWhat If Ventures is a syndicate formed in January 2020 to invest in mental health and addiction related startups. In just 7 months, we have deployed $3,200,000 into 6 mental health startups. We share all of our deals with our syndicate members on a deal-by-deal basis. Would you like to…Venture Capital14 min readVenture Capital14 min read