Business & Business Models HIC 2015 Harvard Medical School Anupendra Sharma Siemens Venture Capital...
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Transcript of Business & Business Models HIC 2015 Harvard Medical School Anupendra Sharma Siemens Venture Capital...
![Page 1: Business & Business Models HIC 2015 Harvard Medical School Anupendra Sharma Siemens Venture Capital SLP | Startup Leadership Program.](https://reader036.fdocuments.in/reader036/viewer/2022062423/5697bfbc1a28abf838ca1629/html5/thumbnails/1.jpg)
Business & Business Models
HIC 2015
Harvard Medical School
Anupendra SharmaSiemens Venture Capital
SLP | Startup Leadership Program
![Page 2: Business & Business Models HIC 2015 Harvard Medical School Anupendra Sharma Siemens Venture Capital SLP | Startup Leadership Program.](https://reader036.fdocuments.in/reader036/viewer/2022062423/5697bfbc1a28abf838ca1629/html5/thumbnails/2.jpg)
[Getting down to] Business
![Page 3: Business & Business Models HIC 2015 Harvard Medical School Anupendra Sharma Siemens Venture Capital SLP | Startup Leadership Program.](https://reader036.fdocuments.in/reader036/viewer/2022062423/5697bfbc1a28abf838ca1629/html5/thumbnails/3.jpg)
Business is about people selling things to
people.
![Page 4: Business & Business Models HIC 2015 Harvard Medical School Anupendra Sharma Siemens Venture Capital SLP | Startup Leadership Program.](https://reader036.fdocuments.in/reader036/viewer/2022062423/5697bfbc1a28abf838ca1629/html5/thumbnails/4.jpg)
“You either make sh*!, sell sh*!, or
you are sh*!.”
Larry Ellison, Founder and CEO Oracle
![Page 5: Business & Business Models HIC 2015 Harvard Medical School Anupendra Sharma Siemens Venture Capital SLP | Startup Leadership Program.](https://reader036.fdocuments.in/reader036/viewer/2022062423/5697bfbc1a28abf838ca1629/html5/thumbnails/5.jpg)
(Exercise)What’s important in business
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People [first]
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Exercise---
What do you need to do to make the most out of this
class ?
![Page 8: Business & Business Models HIC 2015 Harvard Medical School Anupendra Sharma Siemens Venture Capital SLP | Startup Leadership Program.](https://reader036.fdocuments.in/reader036/viewer/2022062423/5697bfbc1a28abf838ca1629/html5/thumbnails/8.jpg)
“Medicine is not a business...”
![Page 9: Business & Business Models HIC 2015 Harvard Medical School Anupendra Sharma Siemens Venture Capital SLP | Startup Leadership Program.](https://reader036.fdocuments.in/reader036/viewer/2022062423/5697bfbc1a28abf838ca1629/html5/thumbnails/9.jpg)
Yet its 17.6% of our economy
![Page 10: Business & Business Models HIC 2015 Harvard Medical School Anupendra Sharma Siemens Venture Capital SLP | Startup Leadership Program.](https://reader036.fdocuments.in/reader036/viewer/2022062423/5697bfbc1a28abf838ca1629/html5/thumbnails/10.jpg)
![Page 11: Business & Business Models HIC 2015 Harvard Medical School Anupendra Sharma Siemens Venture Capital SLP | Startup Leadership Program.](https://reader036.fdocuments.in/reader036/viewer/2022062423/5697bfbc1a28abf838ca1629/html5/thumbnails/11.jpg)
Money may or may not matter to you…
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…but it makes the system work (somewhat)
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Dr. Raymond F. Schinazi Frances Winship Walters Professor of Pediatrics & Director of the Laboratory of Biochemical Pharmacology Emory University
Founder Pharmasset (Sovaldi; Hepatitis C’ 90% cures after 12-weeks)acquired by Gilead for $11B
![Page 14: Business & Business Models HIC 2015 Harvard Medical School Anupendra Sharma Siemens Venture Capital SLP | Startup Leadership Program.](https://reader036.fdocuments.in/reader036/viewer/2022062423/5697bfbc1a28abf838ca1629/html5/thumbnails/14.jpg)
Business Models
![Page 15: Business & Business Models HIC 2015 Harvard Medical School Anupendra Sharma Siemens Venture Capital SLP | Startup Leadership Program.](https://reader036.fdocuments.in/reader036/viewer/2022062423/5697bfbc1a28abf838ca1629/html5/thumbnails/15.jpg)
A startup is…
![Page 16: Business & Business Models HIC 2015 Harvard Medical School Anupendra Sharma Siemens Venture Capital SLP | Startup Leadership Program.](https://reader036.fdocuments.in/reader036/viewer/2022062423/5697bfbc1a28abf838ca1629/html5/thumbnails/16.jpg)
“…an organization in search of a repeatable and scalable
BUSINESS MODEL”
Steve Blank
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What is a business model
“A business model describes how your company makes money” (Steve Blank)
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Exercise---
What do you need to do to make the most out of this
class ?
How do they make money?
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Business models of these segments ?
[Why are they changing]
Labcorp DX
MRI Mfrs
Hospitals
DX Mfr Insurance Biotech
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Exercise----
Can you think about business model
innovation in biotech ?
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Life cycle extension strategies…
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How do they generate revenues?
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IGNT: Image-guided navigation & therapy•Used to go into the extremities of the lung to biopsy cancers that are unreachable
Superdimension, acquired by Covidien $300M
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POC: Point-of-care blood-gas analyzers
Epocal, acquired by Alere $166M
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Transcatheter Aortic Valve 14% versus 19%
CoreValveacquired by Medtronic$1.1B
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SmartPill: The wireless pill
ProteusInvestment from NovartisFiled to go public
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Aravind Eye: 4M surgeriesProfitable not-for-profit. Huh?
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Can you think of an interesting business model in
healthcare
What is the product?What is the problem do you solve?What is the business model?
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Speaking of people…
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How to make the most out of this class ?
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HIC Alumni [Many started companies]
Sarah (McKinsey)* Angela (Roche)**Shyla (Flagship)**Paulina (Polaris/MIT)Ketki (Puretech Ventures)Carlos (Third Rock/Sage Therapeutics)*Chi (Sage Therapeutics)*Adriana (McKinsey)*Hubo Li (McKinsey)*Dave R (Started a biotech company)* HIC Leadership team ** Harvard Biotech Club
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How to make the best of this class
The speaker is your friend (you’re home; they’re away)Ask questionsKnow the peopleIt’s not schoolGet out of the hospital / labGet on Twitter!