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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

Apr 20 · twitter

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.

Apr 14 · twitter

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

May 5 · TechCrunch
Hustle CEO Sam Parr & SmartNews co-founder Rich Jaroslavsky on the future of media - TechCrunch
Nov 21 · TechCrunch
Define and manage growth on your own terms - TechCrunch

Related Questions

What are some notable companies in Necessary Ventures' portfolio?
How did Neil Devani's background in healthcare policy influence his investment strategy?
What makes deep technologies a focus for Necessary Ventures?
How has Upsolve impacted individuals with medical debt under Neil Devani's guidance?
What are the key sectors Neil Devani targets for investment?
Neil Devani
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Experience

Founder and Managing Partner at Necessary Ventures, March 2020 - Present
Upsolve, January 2019 - Present; Comar LLP, November 2016 - Present; Media Mobilize, August 2016 - Present; Maidbot, September 2016 - Present; Tissue Analytics, Inc., September 2016 - May 2020; Penny App, September 2015 - March 2018, Singularity Holdings VC, September 2016 - Present; Chameleon, June 2015 - Present; Rothenberg Ventures, September 2014 - August 2016, Alchemist Accelerator, May 2017 - Present; StartingBloc, 2010 - 2012, Venture Partner at HOF Capital, November 2016 - July 2021; Board Director, Board Observer at Vicarious Surgical Inc., December 2015 - January 2021; Director of Business Operations and Strategy, Legal Counsel at Clinkle, July 2013 - December 2014

Location

Los Angeles, California, United States