In this episode of #TheShot of #DigitalHealth Therapy, Jim Joyce and I sit down with Carl Bradford Byers 🚑 . Carl is a Partner at F-Prime who was previously CFO of athenahealth and helped scale the company from a basement startup to an IPO. He’s one of the few venture capitalists who actually knows how to build the pipes, not just pitch the vision.

What we get into:

-The 4 AI Agents of Your Health: How Carl sees the future of agentic AI in health care

-The Investment Thesis: Why "smart money" is actually about finding the partner who will sleep in your office to vet the code

-The IPO Scars: The reality of scaling to a publicly traded company and the growth mindset (aka survival instinct) required to stay alive.

Links to watch / listen below in comments 👇

Fun mentions as always: Daniel Kendall, Marina Borukhovich, Jonathan Bush, Todd Park, Ed Park, Paul Markovich, Chris Dixon, Owen McCarthy, Eric Paley, Brian Roberts, Glen Tullman, John Hallock, Matthew Holt, Indu Subaiya, MD, MBA, MFA

[00:02:45] The "Log Cabin" Intro: Carl’s roots and meeting the Athena founding team at Wesleyan.
[00:05:30] The War Room: Driving Bill Clinton's van and the intensity of political "advance" work.
[00:12:30] The Athena Basement: Why Carl chose a "basement startup" over a prestigious Chicago MBA.
[00:16:45] The 4 Pillar Thesis: Breaking down the Clinical, Technical, Financial, and Operational requirements for health-tech.
[00:18:45] The Investment Thesis: How Brian Roberts and Venrock vetted the early tech by sleeping in the office.
[00:21:00] The President on the Phone: Securing an early $50k from George H.W. Bush.
[00:24:00] Scars of the IPO: The transition from a "silly toy" to competing with giants like GE and McKesson.
[00:57:00] The Madrid Ad: Why the "Who" is the only thing that survives a 20-year career.