Suggestions
Neil Devani
Founder and Managing Partner at Necessary Ventures
Neil Devani is the Founder and Managing Partner of Necessary Ventures, an early-stage venture fund that focuses on investing in companies that address critical societal needs. His investment interests primarily encompass sectors such as healthcare, financial services, education, and deep technologies that enhance people's lives.
Devani's background is extensive and diverse. He earned his Juris Doctor (JD) from Stanford Law School and has experience working on the Affordable Care Act in the U.S. Senate. Additionally, he attended medical school at Drexel University and completed his undergraduate studies at Pennsylvania State University.
In addition to his role at Necessary Ventures, Devani serves as an advisor to Upsolve, a nonprofit organization that has helped individuals eliminate significant medical debt, and previously advised Copia, a tech company focused on reducing food waste while providing meals to those in need. His professional journey also includes positions at various venture capital firms and startups, highlighting his commitment to impactful investing and social entrepreneurship.123
Highlights
I’ve been fascinated watching Mark Cuban speed run healthcare policy and economics. The shenanigans that providers pull against payers are hopefully up next.
The payer/provider arms race is 100 years old. The dynamic seems inescapable, just like with contractors, lawyers, mechanics, etc. Information and authority are asymmetric.
But as Mark notes, the asymmetry is less with self-insured employers in the loop. Done right, they can achieve massive savings with healthier populations, sophistication, and most importantly, financial alignment. However, they increasingly pay up for more and better care, which drives demand and thus price, for themselves and the system.
This is another area where AI can be deflationary, through a range of mechanisms, but it will most likely increase utilization and spending before that happens. Peak then trough.
You, on social media during the workday
Reading my post about me being on social media
Concerned about my parents being on social media... cuz they're retired?
You can't make this stuff up
