5 Things Needed To Create A Highly Successful Healthcare Startup
Did you know that 50% of start-ups fail in the first four years?
This makes a company’s initial five-year business plan critical.
In a recent Authority Magazine interview, Pelu Tran our CEO, shared his thoughts on creating a successful healthcare startup. His advice is to start with a clear and simple vision for the company.
To find out more, read on…
Authority Magazine interview with Tyler Gallagher and Pelu Tran
Startups have such a glamorous reputation. Companies like Facebook, Instagram, Youtube, Uber, and Airbnb once started as scrappy startups with huge dreams and huge obstacles.
Yet we of course know that most startups don’t end up as success stories. What does a founder or a founding team need to know to create a highly successful startup?
In this series, called “Five Things You Need To Create A Highly Successful Startup” we are talking to experienced and successful founders and business leaders who can share stories from their experience about what it takes to create a highly successful startup.
I had the pleasure of interviewing Pelu Tran.
Pelu is a serial healthcare entrepreneur who studied both medicine and engineering at Stanford University and was four months away from receiving his MD when he dropped out to start his first company, Augmedix. Pelu led the product and commercial teams, growing the company to over 1,000 employees in five countries and $20M in annual revenue from over half of the largest health systems in the US.
After watching his uncle pass away from a preventable medical error in 2018, Pelu founded Ferrum Health, an enterprise AI deployment platform with the mission of improving patient outcomes by democratizing health systems’ access to the most innovative and impactful clinical AI technologies from around the world. Today, more than 500,000 unique patient records have been clearly analyzed via the Ferrum platform. At the age of 31, Pelu has started 2 extremely successful medical technology companies, been awarded Forbes 30 Under 30, is Technology Pioneer and expert contributor for the World Economic Forum, and more. His start-up success would be a valuable contribution to this series to inspire and inform others.