E144: Surviving the Valley of Death in Healthtech - Harry Lykostratis (Founder and CEO - Open Medical + Orthopaedic surgeon)
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Show Notes
In this week’s episode Harry shares how he merged his background in healthcare within the NHS together with his passion for software engineering to ultimately founding Open Medical.
🤔 Designing and developing software since age of 14
🛠️ Natural inclination towards engineering and design
🏥 Deciding to pursue a career in orthopaedics
🩺 Exercising + suppressing engineering tendencies during surgical training
⚕️ Deciding to re-engage into engineering during surgical training
👩⚕️ Advantages of understanding the clinical user experience + pathways
👩⚕️ Working one day a week as a surgeon
👨⚕️ Building a patient-centric product
🚑 Building flexibility into clinical products for unpredictable environments
🏥 The trauma board story behind Open Medical
0️⃣ to 1️⃣ for Open Medical
📈 How to scale a healthtech startup like Open Medical
📊 How to survive the valley death in Healthtech
👨⚕️ Being a clinician gives you advantages of access for bottom-up companies
👩⚕️ How to get adoption as an early stage company compared to a growth stage company
💰 Why VC funding is distracting
💰 Why Open Medical uses revenue to drive growth instead of external funding
📈 Experiences leading a healthtech company
❌ The costly and expensive mistakes made as a CEO
❓ What is the end-goal for Open Medical
Harry Lykostratis is the Founder, CEO and Lead Software Engineer at Open Medical. He is also a practising orthopaedic surgeon at London North West Healthcare NHS Trust.
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