Latest / AI for Founders with Ryan Estes / Doctors aren’t the problem
Transcript
- 0:00News flash, healthcare doesn't have a diagnosis problem, it has
- 0:03a time problem. And that time problem is quietly
- 0:06ruining lives. Most patients get 13 minutes
- 0:09with a doctor. That's barely enough time to
- 0:12describe symptoms, let alone find the real cause.
- 0:15So you get pills, not answers. Not because doctors don't care,
- 0:19but because the system doesn't allow them to.
- 0:22Haresh Patel learned this the hard way.
- 0:25He spent 12 years building a company and burned millions, and
- 0:28still only one. After years of pivots, his take
- 0:31away is painful and useful. Building the tech is the easy
- 0:35part. The.
- 0:35Hard. Part is knowing who you serve,
- 0:38how you make money, and why your products should even exist.
- 0:41So this time he did something most founders won't.
- 0:44He stopped building and spent two years just listening to
- 0:47doctors, patients, and anyone living in the gaps of modern
- 0:50medicine. So steal this method before you
- 0:53build your MVP. Build your advantage.
- 0:56Create a system that turns messy records, wearable data, and life
- 1:00context into a clean story. A human expert can news fast.
- 1:04AI isn't here to replace doctors.
- 1:07It's here to give them their own brain back.
- 1:09Now here's a question. What problem in your life or
- 1:12business keeps coming back because you're treating symptoms
- 1:15instead of digging for the Pearl under the mattress?
- 1:18Welcome to AI for Founders. I'm Ryan Estes if you want the
- 1:22full breakdown on building in healthcare, validating before
- 1:24coding, and why rookie thinking beats resume thinking.
- 1:28This is for founders, operators, and anyone obsessed with solving
- 1:31real problems. 3 quick thing, go to AI for Founders and subscribe
- 1:36so your brain stays ahead of your calendar.
- 1:38Steal one idea per week and pretend it was your own.
- 1:41I won't tell if you're building something big, you're going to
- 1:44need a bigger mind. So start there.
- 1:46And if you like the show, please leave a review.
- 1:48Right. I came for the strategy, stayed
- 1:51for the uncomfortable truth. Now a quick commercial for
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- 2:24burst. Rush, welcome to the show.
- 2:41Thank you so much for joining me.
- 2:42Thank you, I appreciate you inviting me as a guest.
- 2:45I was looking forward to this. Absolutely.
- 2:47My pleasure. Now kind of we were talking
- 2:49about a little bit beforehand before we started rolling here
- 2:52about just how hot medical tech in AI is right now.
- 2:58There's so many opportunities in healthcare for AI to truly kind
- 3:03of revolutionize what we're doing.
- 3:04Also, it gets us into kind of fun tangents of what's possible
- 3:08over the next 12 months, the next two years, next five years.
- 3:12So I super excited for this conversation.
- 3:15Now I want to introduce early beyond, you're the CEO of
- 3:18Diagnostic MD, which is a healthcare service company
- 3:21focused on bringing diagnostic imagery or imaging rather
- 3:25directly to patients rather than forcing patients to navigate
- 3:28hospitals, clinics and long wait times.
- 3:30So that's kind of a brief description, but talk about
- 3:33where you are with the company right now.
- 3:35We're still very early, well, early stages, but late stages.
- 3:39I started the project almost two years ago.
- 3:43It was about mid 2023 and I put it on hold.
- 3:47I actually built the first platform and it was actually
- 3:50quite frankly quite advanced in some of the LLMS at that time.
- 3:54But I put it on hold because I found out that you know, nothing
- 3:57against the technologist and it's hard work, but building the
- 4:02technology is relatively easy. The harder part is to answer the
- 4:06basic questions of who's my target market, What's my target
- 4:10customer? How do I make money and how do I
- 4:13monetize and what's the business model?
- 4:15Stupid is really the mantra and, and the reason I, I, I, I have
- 4:20to kind of say in Tony and shake it because I was a stupid one
- 4:23when I built my last company. We built a platform took about
- 4:2712 year journey, went through about $30 million.
- 4:30We had a great exit state St. acquired the company.
- 4:33It was a fintech platform doing very similar things that this
- 4:35platform does, which is taking disparate records, structuring
- 4:38it, creating visuals so that doctors, doctors can see the
- 4:41whole patient. So the architecture is the same.
- 4:44But boy, we struggled for as as strong as my product market fit
- 4:47background is, it took us four or five more years longer
- 4:50because we should have thought those things through.
- 4:52And so each time required a slight adjustment or a major
- 4:56pivot. So I said, let me spend the last
- 4:57two next two years of listening. So I've been listening to
- 5:01anybody that's a doctor, anybody that's in the medical field,
- 5:04anybody that's a patient, you're a patient.
- 5:06I'm a patient and just learning from that and I think I'm in
- 5:09much better shape. So now we're relaunching the
- 5:11platform, rebuilding it with current standards with the
- 5:14knowledge that I built up on what I think it'll make make
- 5:18make it more successful than what the first, I wouldn't call
- 5:21it first one, not attempt. It was just like start, no stop,
- 5:24time out, answer these questions, have a better idea.
- 5:26Now at the end of the day, I'll still probably guess wrong.
- 5:29And as all of us know, we never end up where we think we're
- 5:31going to be versus where we where we intended to be.
- 5:33So we have a small group of Notre Dame students that are
- 5:38have joined the company and we're all working on SWAT
- 5:41equity. We have built the business plan.
- 5:44I'm in the initial stages of fundraising and we are in the
- 5:46initial stages of building out the platform.
- 5:48And one other interesting thing we're doing right now is while
- 5:51the platform is being built out, we're going to create an
- 5:53educational center. And this is really to help
- 5:56people find solutions that are out there.
- 6:00Where medicine just generally says we don't have a good
- 6:02answer, there actually is an answer.
- 6:04So we want to build that out first because that's what people
- 6:07are struggling with. My doctor doesn't have a good
- 6:09answer. I'm tired of taking pills.
- 6:11If you dig deep enough and are willing to be experimental,
- 6:15there are solutions out there that are worth a try.
- 6:17So we want to build that out first and then slip the
- 6:19technology platform, which is a core diagnostic methodology that
- 6:23is more comprehensive than at least your modern medicine
- 6:26offers today. Incredible, you know, and the,
- 6:30the validation process is one of my favorite things to talk
- 6:33about, largely because there's that quote, it might have been
- 6:36Abraham Lincoln or something. He said, if I have 10 hours to
- 6:38fell a tree, I'd spend 9 hours sharpening the blade.
- 6:42So I, I think there's a lot of like wisdom and saying like, OK,
- 6:45hold on, let's pump the brakes. Let's see what the market is,
- 6:49what the what the product can be.
- 6:52So as you're kind of spending this time, how do you go about
- 6:54kind of like, you know, determining what is the problem
- 6:58you're trying to solve and then ultimately who are your first
- 7:01customers? Well, the customer I'm really
- 7:03passionate about is you and I. It's the patient.
- 7:06It's the 100 million of us over the 350 million that are
- 7:10suffering with some sort of ailment where medicine is kind
- 7:13of front of its arms and said, you know what, we don't have a
- 7:15good solution. We got a lot of pills for you or
- 7:18suck it up. But, and it's not because they
- 7:21don't care. It's just these are complex.
- 7:23They're, I call it the Pearl below 20 mattresses.
- 7:26You've got to take each mattress off to figure out what is that
- 7:29Pearl that is causing it. And ultimately there is an
- 7:31answer if you dig deep enough. And it will need to be curious
- 7:34and willing to be open minded. And so we want to make that that
- 7:38job easier on peeling the onion or peeling the mattresses off so
- 7:42we can find that Pearl and take it out and hopefully solve the
- 7:45problem. So it's, it's, it's addressing
- 7:47the consumer. Now I, I'm also consumer focused
- 7:51because I also feel us and the primary doctor are the victims
- 7:56of a system that nobody created maliciously.
- 8:00It just is the way it is. But between pharma and insurance
- 8:04and the hospital network, it just leaves very little time for
- 8:07the patient and doctor to have a real meaningful collaboration.
- 8:10The average time to get in front of a doctor's 13.2 minutes.
- 8:15Kind of let me understand your symptoms, let me give a few more
- 8:18tests. Let's look at that, come back,
- 8:20look at that snapshot and I'll give you a recommendation.
- 8:22It's just not deep enough to understand the whole person and
- 8:26what that Pearl bill in a 20 mattress is.
- 8:29So I'm very consumer focused, but I really feel like we are
- 8:32the ones suffering from misdiagnosis, under diagnosis,
- 8:36long diagnosis and the doctor's suffering too because they they
- 8:39joined for compassion, the nurse joined for compassion, but the
- 8:42time the economic pressures just don't allow for the compassion
- 8:46to come out. So I'm really focused on a
- 8:49patient portal centric, which in itself makes it very
- 8:52differentiated from other platforms that may do the exact
- 8:54same thing, but they're serving the institution side of the
- 8:59business. You bet, you know, I, I was
- 9:03speaking with a a brilliant guy the other day and he said, you
- 9:06know, before I really consider launching a product, I want to
- 9:09have distribution built in on the cap table.
- 9:12Which is to say he wants to have either design partners that are
- 9:15keyed up ready to be, you know, customers on day one or they, he
- 9:20has a very fast delivery for go to market.
- 9:25So you know, you're validating, you're talking to patients,
- 9:29you're talking to doctors, you have your own personal
- 9:31experiences, of course. How are you starting to think
- 9:33about gathering design partners to help build the product?
- 9:37And then where are you going for kind of the first few customers
- 9:40as you're kind of getting ready for launch?
- 9:41First one is that in terms of design partners is very
- 9:44confusing. And it's confusing because AI is
- 9:48moving so rapidly. Yeah, the team that I built with
- 9:54Mercados, I love the was of people.
- 9:57They're brilliant, but I'm not sure they're the right team.
- 10:02And so I've been spending a lot of time thinking through what is
- 10:05the right skill set in today's world.
- 10:07Is it the 1015 year, you know, experienced front end engineer,
- 10:12right, a solid architect? Or is it somebody that doesn't
- 10:16know software at all like me? And should I be writing it
- 10:19because of the tools and the ability to transfer exactly
- 10:21what's in my head onto software, make it actually work?
- 10:26So it's, it's, it's actually been more challenging than I
- 10:28thought in selecting the right technology.
- 10:31And so I, I think that the skill set actually needs to be, and I
- 10:34may be wrong and I'd love comments from your audience, but
- 10:38I think it's somebody that has four or five years of good front
- 10:41end engineering that can because AI is not perfect, right?
- 10:46So they have to be smart enough to say, wait a minute, that code
- 10:48is BS. Do it again.
- 10:50Because I know when I use AII find my eyeball, it like, OK, I
- 10:56know because if it's on the business side, marketing side,
- 10:59business plan, that's way off, right?
- 11:02So you need the experience to say, OK, this code is flawed or
- 11:06it's not going to work or it's not going to support a
- 11:07particular architecture. But you also need fresh thinking
- 11:10around, I'm not going to code 1 Polygon at a time, right?
- 11:16One code at a time or one line of code.
- 11:19You need to use more current tools.
- 11:21So I look at people that are what I call rookies.
- 11:25And rookies doesn't mean young, it just means people that want
- 11:28to reinvent themselves. Somebody who said, you know
- 11:30what, I got 20 years of engineering software engineering
- 11:33experience, but I'm going to throw that out of the out the
- 11:36window and I'm going to relearn what's modern today.
- 11:38And that's a rookie. And I think that's the right
- 11:41skill set of looking for that engineering team that are
- 11:42rookies that have experience but are have reinvented themselves
- 11:46leveraging today's technology. Yeah, rookies, I'm a rookie.
- 11:51You know, it's one thing that I always felt like a a warm
- 11:54embrace from Zen. There's that great book from
- 11:57Suzuki, you know, Zen mind, beginner's mind and a bit of a,
- 12:01a sidetrack here, but like, you know, Zen and the kind of the
- 12:05Zen abbot's really found a, an interesting audience in, in
- 12:09America because we have kind of like that enthusiasm, like, I
- 12:12don't know, let's begin again, let's start again and that
- 12:16rookie kind of attitude. Now I'm very fortunate that I
- 12:19have like dozens of these rookies around me that are doing
- 12:22the most incredible things. And I'm really inspired by that
- 12:26because in the past, you know, development, it's like, OK, what
- 12:28am I going to do? I'm going to go find a junior
- 12:30and I'm going to do some hiring or I'm going to go find like a,
- 12:34an agency to help me design. And I've had success, but mostly
- 12:38I've had a lot of challenges and failure with outsourcing
- 12:41development. It can't move at the speed that
- 12:43I'm used to. Now where you and I have
- 12:45connected is that, you know, entrepreneurs, sure, leadership,
- 12:49sure, But at the core we're sales dogs.
- 12:52You know, it's like, I know what the customers want.
- 12:54I want to get it to market really quickly.
- 12:56And now, and I mean like right now in the last couple of weeks,
- 12:59we really have this capability. So one thing that I've been
- 13:02playing around with is kind of the AI software augmented or AI
- 13:06augmented software engineering and a couple of tools.
- 13:10You know, clawed code right now is unbelievable.
- 13:13I mean, it is developing like very, very quickly.
- 13:16So, you know, rookies like us can really get in there and do
- 13:19damage. But there was a bit of a chasm
- 13:23to to build a bridge across, which is, you know, as a rookie,
- 13:26I don't know what I don't know. You know, a lot about software
- 13:29development is like creating the proper guardrails and different
- 13:32kind of compliance issues that I just don't know exist.
- 13:35So shout out to one of the guests on this podcast, Tyler
- 13:38Wells. He's got a, a company called
- 13:40Brain Grid that actually does that.
- 13:42So you talk to it casually about what you want to do and then it
- 13:45creates the PRD and all the requirements and tasks that you
- 13:49can then chip off one at a time going into clod code.
- 13:52And then, you know, using Clod to help you kind of navigate
- 13:55Clod allows you to build like this very, very, very
- 13:59sophisticated software very quickly, you know, which is
- 14:03really exciting, you know, so when you're kind of approaching
- 14:07it, you know how to begin development.
- 14:10I understand that unease so, so much because, you know, 1
- 14:14characteristic of kind of more senior developers is it's, it's
- 14:17harder to teach old dogs new tricks.
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- 16:54Yeah, if you're talking about books, Rookie Smarts is the one
- 16:57that I kind of crystallize this idea and it's a really good book
- 17:01and it talks about rookies and rookies, again, doesn't mean
- 17:05it's the 22 year old hockey player that, you know, wins that
- 17:08award rookie of the year. It can be an 80 year old.
- 17:11And and it really talks about how you pair rookies with senior
- 17:15mentors and the combination is powerful.
- 17:18And I like the story that I like the most is actually they they
- 17:20talk about that movie that Tom Hanks is in where he's the
- 17:23captain of the ship and the Somali, you know, hijack his
- 17:27ship and hold him hostage and call the crew hostage.
- 17:30And it's interesting because Tom Hanks is probably the most what,
- 17:34you know, actor on and, you know, he's the he's not the
- 17:37rookie, He's the, he's the experienced guy.
- 17:39And what the director does for the effect of when they first
- 17:42meet is he takes an actor that's never acted before who acts as
- 17:46the new captain. And they're shouting each other,
- 17:48I'm the captain. No, no, no, I'm the captain.
- 17:51Now I've got the gun. And you've got the perfect
- 17:53pairing between the rookie and the experienced guy.
- 17:57You know, no acting experience, decades of acting experience.
- 18:00It's a really good book teaching you how to be a rookie in your
- 18:03whole life. And then to talk a little bit
- 18:06about the, the comment about development.
- 18:07I just met somebody, I'm exploring the front end of our
- 18:10platform of how to get information of how to build
- 18:12somebody's personal story. And so one of the things that he
- 18:16can do is build a digital twin of doctors or any, any
- 18:20profession. So you can scale.
- 18:21Right now he's working well on university professors and his
- 18:25whole experience has been the same thing, which is, gosh, I
- 18:28hired team A that didn't work. Very experienced.
- 18:30I hired Team B and finally I hired TMC, which is me, and he
- 18:35was able to build a product himself or at least get the idea
- 18:38there's an issue is sometimes not the developer, it's what's
- 18:40in our head and getting it in a way that the other person can
- 18:43understand it. So now you combine the 2 and
- 18:45that's what the power of AI is, at least to get that first MVP
- 18:48out. Of it and it's really important
- 18:52to have doctors on board and Co signing and you know, I, I've
- 18:57been critical of the medical industry.
- 18:59Not not that it's difficult, but I also want I've got a lot of
- 19:03friends. Somehow I got 3 or 4 like
- 19:04friends that are doctors and surgeons and they, they
- 19:07subscribe to the podcast shout out and they're like, dude, why
- 19:10are you always like smashing doctors so much?
- 19:13So I want to be sympathetic, you know, because there's some kind
- 19:16of stereotypical personality traits of doctors that we all
- 19:19kind of understand, but you have to worry about or you have to be
- 19:22considerate of like what they've gone through to do it.
- 19:25The rigor of getting your MD is unbelievable.
- 19:29The internships that you have to endure after that are
- 19:32incredible. The working hours that they do
- 19:35in the field is unbelievable. Plus everybody's got their own
- 19:38Google MD. So as you're kind of going into
- 19:41diagnostics and working with, you know, patients as a
- 19:45clinician, you're getting people that are cross checking you with
- 19:48Google and they have all the information and they read A blog
- 19:51post and this and that. So if doctors are a little bit
- 19:54chippy, there's probably good reason for it, you know, but
- 19:57also because of that, like if they you're starting to
- 20:00introduce diagnose diagnostic tools to to kind of like help
- 20:04doctors, they might feel threatened by that.
- 20:07So how, how do you kind of approach kind of the the
- 20:10clinicians as to say like, Hey, I am friend, I come.
- 20:13Well, it's kind of what I, what I said, right, is that the
- 20:15victims here is the doctor and the patient, the system that is
- 20:21built to serve us has created that time pressure, right?
- 20:27And So what AI can do. So some of it, I think you just
- 20:31have to be empathetic like everybody else.
- 20:32You can't just say, hey, listen, get your head out of the sand,
- 20:34right? Stop fighting.
- 20:36Is this going to replace your job?
- 20:37Well, first of all, doctors are never going to be replaced
- 20:39period. But you look at their workload,
- 20:43right? And the amount of time actually
- 20:45they, what they decided to get into medicine for, you know,
- 20:48that's like less than 10% of their job now.
- 20:51So how can we help them do more of that and lessen everything
- 20:55else? And diagnosis takes time.
- 20:57Research takes time, right? Once I know you've got symptom
- 21:00Ambien CI may not have an immediate answer, but I've got
- 21:03to go back to my journal and I've got to go back and talk to
- 21:05other doctors. I've got to go back and do some
- 21:06research and find out. Wow, at eleven, 4:00 AM in the
- 21:09morning, those doctors probably have those 4:00 AM that caught I
- 21:12met rash or I met Ryan and gosh, what's the answer?
- 21:16I don't have one. I got to go find out.
- 21:18Well, that's something that they can offload, right?
- 21:21AI can help. They can.
- 21:22The good news is that like you and I can read out some
- 21:25hallucination, they can read out hallucination boy, they can
- 21:28learn a lot, a lot quicker because AI was synthesized
- 21:31information. So if they view it as a
- 21:33productivity tool, as positioned, this will make you
- 21:35more productive or oh, by the way, the two hours that you
- 21:39really need with this patient to really understand them is
- 21:40already been built out as a patient had software from
- 21:43Diagnostic MD, right? The story's entirely built out
- 21:47in 3 pages that can give you a full, you know, medical, you
- 21:51know, A-Z chronologically built out in terms of how your blood
- 21:55is behaving over time. You have your wearable data,
- 21:58which is longitudinal. And now all of a sudden you
- 22:00overlay that with the life story they do is you, what trauma do
- 22:03they have? What good news do they have?
- 22:05What injuries do they have? All of a sudden they've got a
- 22:08more complete picture. So we've just taken those 13
- 22:11minutes you get with the doctor and made 5 minutes really
- 22:14productive because he's actually achieving what he needs another
- 22:17hour and 45 minutes to get to, to understand and call patient.
- 22:20So it's it's, it's productivity gains and it's also how to get
- 22:25knowledge quicker, faster for something that you've seen for
- 22:28the first time as as a new symptom.
- 22:31Yeah, 100%. You know, into your point, yeah,
- 22:35the, the, the more time you can get, the more productive time
- 22:38you can get with your, your doctor, the better.
- 22:40And also the more productive that they are in their position.
- 22:45You know, because again, like a lot of the, the, the kind of
- 22:48research takes kind of bandwidth and it takes willpower.
- 22:52And what we know is like our attention is a finite resource,
- 22:55which if you're lucky, it resets every night after you go to
- 22:58sleep. But if you don't sleep well for
- 22:59that night for whatever reason, you know, you're, you're, you're
- 23:02that deficit, you know, I mean, for example, yesterday I was at
- 23:07an insane attention deficit. You know, those days where you
- 23:10just like toggling through tabs and you're like, you can't
- 23:13figure out like, did I finish that or did I not?
- 23:15We all have that doctors experience that if they're up
- 23:18against something maybe that their expertise and experience
- 23:22doesn't readily prepare them for, they've got to go do that
- 23:25research component. If you can take 4 hours off that
- 23:28time and make it into 4 minutes, then they're reserving all of
- 23:31that willpower and, and basically decision making
- 23:34capability for what they can do on the bedside.
- 23:37You know, where I think, you know, for most doctors, that's
- 23:40what they got into it for, you know, so there's this great
- 23:43opportunity. And I love your, your Pearl
- 23:45analogy is like, you know, if, if the AI tools can even peel
- 23:49back one layer of a blanket, one layer of a mattress, like that's
- 23:53the time and energy that they could have spent on something
- 23:56that they're, they're more attracted to.
- 23:58I'll give you. Something I just recently
- 24:00experienced first hand. And so I developed tinnitus,
- 24:04right? Tinnitus is ringing in the year
- 24:06and it's really bothersome now. Is it life threatening?
- 24:10Dull. I don't need to go to the
- 24:11emergency room. But if you start searching
- 24:14online, there is no cure for tinnitus.
- 24:18Sorry. That's generally the answer if
- 24:20you spend about an hour doing research.
- 24:23If you continue to dig, you'll find podcasts.
- 24:27There's a doctor in Germany, right, who said, no, there
- 24:30actually is a cure. Now it's a thesis.
- 24:34But first of all, he does a great job educating tinnitus is
- 24:37not don't see your ENT specialist, which is your first
- 24:40thing you want to go do because the problem is in brain.
- 24:45And he describes 3 areas because the problem is doctors, not
- 24:48against the doctor, but doctors are not trained to ask these
- 24:50questions because he specializes.
- 24:52He did a lot of research on our behalf and he said if you had
- 24:55hearing loss, well, what happens is the part of the brain that
- 25:00use uses to process the noise is confusing.
- 25:04Wait, there's not enough noise coming in.
- 25:05It's not going to produce noise. That's the tinnitus, right?
- 25:08So first thing you want to do is take two hearing tests over
- 25:11time. If you did one few years ago,
- 25:13great, take it again. As you'll see, if there's major
- 25:16degradation, that'll be your cause of tinnitus, which means
- 25:18you're ready for hearing aids. For two reasons is once the
- 25:21brain starts getting noise, it stops producing that ringing,
- 25:24right? But in he said three, there are
- 25:28three things that can happen and you have to trace 12 months
- 25:31before you tonight has happened a serious fall or injury that
- 25:35could have displaced your jaw or your neck trauma, something
- 25:41shocking, right, or stress. Stress is a major, major factor.
- 25:46Again, this is the mind body connection that's missing and
- 25:49goes if you've had in the last than 12 months, your likelihood
- 25:51of getting tonight is really high.
- 25:53And so for me, it's like while the bingo like went off last
- 25:56December, in this room, this room, the ceiling water was
- 25:59pouring through. We had a bad moving job, and the
- 26:02entire house got destroyed. And I, in the middle of the
- 26:07night, I'm trying to turn the lights on to see where else the
- 26:10house is leaking. And the entire house is leaking
- 26:13every. Yeah, I was.
- 26:15It felt like the Titanic. And so on the way down, I
- 26:19slipped and fell. And I was lucky that I missed my
- 26:23spine by 1/4 of an inch and I didn't fall forward and hit the
- 26:27steel railing, stainless steel railing, but it was enough to
- 26:31displace. I said, well, bingo.
- 26:32One, maybe there's a misalignment somewhere that's
- 26:34causing this. Obviously it's traumatic to go
- 26:37through and see your House of 25 years disappear overnight.
- 26:40We were displaced for a whole year.
- 26:42And then obviously there was a stress of, you know, insurance
- 26:44wasn't going to pay for it for now until I sued them.
- 26:47So I had actually all three events.
- 26:49And so I was seeing a chiropractor for my back and I
- 26:52just mentioned this to him. He said, oh, we've been trained
- 26:54on tinnitus. And he started working 9
- 26:58different muscles here, readjusting the neck,
- 27:00readjusting the jaw. He put his fingers in exactly
- 27:03where inside the mouth where the dark.
- 27:06The dentist give you the novocaine shot.
- 27:09They're a man. It was painful.
- 27:10But I'm telling you, my tinnitus on the right ear is almost gone.
- 27:14And so this is something first level.
- 27:16There is no cure. It just requires research, it
- 27:20requires training. And so this is available now to
- 27:22doctors to be able to spend that time to find out if you can
- 27:25curate it for them to say which one of these three happened to
- 27:28you. You should ask me that question.
- 27:30So I thought that was a telling story around not lack of
- 27:33compassion, but it's, you know, it's a vast work out there.
- 27:36There's what, 5000 white papers a year just on breast cancer.
- 27:40There's no humanly possible way to be able to be on top of all
- 27:43of that. Yeah, yeah.
- 27:46So it really lends itself to greater specialization, which
- 27:50ultimately is where how you find greater excellence.
- 27:52So in this case, your doctor, you know, if it's using your
- 27:55tool, he could say like, you know what, I actually don't have
- 27:58experience with this. And in historically, we've
- 28:01thought that there was no known cure or treatments for that.
- 28:04However, you know, I, I can use diagnostic MD and they're going
- 28:08to say like there may be some chiropractic option, there may
- 28:11be some other things. There's other researches being
- 28:14done from other fields. Maybe you can go pursue that
- 28:18which is, which is huge. Man, that's a tough year.
- 28:22It was a tough, I always look at that was a lot tougher year for
- 28:2799.9% of all wants my problems. So that's kind of how I looked
- 28:30at it. I know a portion of the the
- 28:35platform also is kind of leaning towards a kind of a
- 28:38decentralized service model. Talk a little bit about that
- 28:40well. I'm trying to answer what you
- 28:43mean by decentralized meaning. If you could expand on that,
- 28:47that would help me. Yeah, you bet.
- 28:50And I'm not sure if, if maybe I read it wrong, but basically if
- 28:52the hospital isn't the center of care and the administration, a
- 28:56lot of times, you know, obviously like HIPAA compliance
- 29:00and, and the ability to share information has been locked up.
- 29:03So you kind of really are very kind of subject to your primary
- 29:07care physician and their recommendation that perhaps this
- 29:10is an opportunity that the patient actually retains their
- 29:13their information is able to like share outside of that.
- 29:16Good, really good question. So I think the core of the
- 29:20problem has been owning your own records.
- 29:23You should be the CEO of your own health.
- 29:24We shouldn't have farm it out right and you should be
- 29:27responsible giving the doctor as much information about you as a
- 29:31person. The problem has been is that up
- 29:35to now it's been really challenging to get your own
- 29:36data. Now recent changes by the
- 29:39current administration is making it a lot easier and the mandates
- 29:44that are required. So I can now grab a lot quicker
- 29:47than even two years ago, drag and drop and get everything in
- 29:50one place that's really, really good.
- 29:53Almost all the AI platforms that are out there around diagnostics
- 29:56and something similar to what we're doing, that's become table
- 29:59stakes very quickly. The problem is it's unstructured
- 30:03because I can, it's like, OK, I've organized everything, all
- 30:05the clutter and put in my garage.
- 30:07It still means I'm having a hard time finding what I want in the
- 30:10garage and stop painting a picture.
- 30:11So structuring it and creating a longitudinal, longitudinal
- 30:17vision of what is a trend is. So that's the information is
- 30:21gold, right? The data is garbage.
- 30:24So translating from data to information is an opportunity,
- 30:26right? But the challenge you have is
- 30:29that HIPAA is designed to protect you, but it's also
- 30:32protecting you from your own information.
- 30:35So the problem is if, and I'll pick on just one company and and
- 30:38it's obvious they're glitter bad.
- 30:39It's just everybody knows who they are.
- 30:41Epic. It's like the £800 gorilla and
- 30:43and electronic health records. But the problem is they serve
- 30:47different clinics and hospitals. So if I go to Stanford, which is
- 30:52close to my house, right, the Stanford Health tonight, they're
- 30:55an Epic customer. I can drag and drop that data
- 30:57down. But if I happened to go to Palo
- 30:59Alto Medical Foundation or Sutter Health or I went to UCSF,
- 31:03University of California, San Francisco, all of a sudden they
- 31:07have three different instances of Haresh.
- 31:10I can't ask Epic, can I have Haresh, all the records, I have
- 31:14to go individually each one. And then again, you got this
- 31:16problem with three different data rooms.
- 31:18So while it's gotten easier, it's just put all the data in
- 31:22one big corner. It still has to get organized
- 31:24and put into one place. The second issue is wearables
- 31:28has also become a lot easier to be able to put into that.
- 31:30But correlating the 2 is an opportunity.
- 31:33And I would say that 800 and 1000 LB gorilla is nobody
- 31:38examines the mind. Nobody examines and does a
- 31:41connection between mind and body.
- 31:43And that's where we specialize a plan to specialize in terms of
- 31:47there's a huge correlation around why doctors even asked
- 31:50you're stressed now anything going on in your life, we should
- 31:53be worried. Obvious stress is a is a Pearl.
- 31:56It's a big Pearl that hides is. Well, not only that, but they
- 32:01they test efficacy against placebo, which placebo even when
- 32:06people know they're to consuming placebo, it still works 51%.
- 32:10Of it has incredible potential to lock things up and unlock
- 32:13things. You just don't know a lot about
- 32:15it. Look at look at how it is
- 32:18covered in insurance in terms of get sick, you get covered.
- 32:22You have a heart attack, heart transplant, get covered.
- 32:24Ask for a little bit of mental therapy.
- 32:27Good luck. Right?
- 32:29It's outside the engine network. And for people that love solving
- 32:33problems, that's like why I think that the medical industry
- 32:36is, it's so tantalizing just because it's so fraught with,
- 32:41with issues. You know, the, the data 1 really
- 32:43is just like central and foremost.
- 32:45You know, every time I go see a new specialist, they want to ask
- 32:48you all the same questions, but you're also like writing it on a
- 32:51clipboard. I'm like, dude, what?
- 32:52This is just going to be hanging around the office.
- 32:55You know, you want to know how many alcoholic drinks I have in
- 32:57a week? It's going to be 0 because I
- 32:59don't know. I don't want people judging me
- 33:00in the office. What are we talking about here?
- 33:03So, yeah, and this idea of diagnosis as well and like being
- 33:07able to like democratize the results is is super powerful.
- 33:10Let's let's talk a little bit about the team and kind of where
- 33:13you're at right now. You mentioned you got your
- 33:15building team with some folks at Notre Dame.
- 33:17How are you introduced and kind of like begin work with these
- 33:20folks? Well, I'm I'm alumni from Notre
- 33:22Dame, so I usually speak to groups that come out here to
- 33:26visit Silicon Valley. One of the breaks of the NBA
- 33:28student service program called STEAM.
- 33:31And this year I happened to get invited by a professor from the
- 33:34Mendoza School of Business, which is the MBA school and as a
- 33:38guest speaker. And so I was a guest speaker.
- 33:42I was a instructor for his class, which is like a 2 hour
- 33:45class in the afternoon. And so the word got out through
- 33:49him and through others, you know that I'm there.
- 33:51So my whole calendar got filled up with speaking to different
- 33:53groups, either one-on-one lunch and learn dinner group and then
- 33:57the class. And so I was talking about the
- 34:00platform, how I got the aha moment to the platform, the
- 34:03journey and my hidden agenda was going to attract some really,
- 34:07really good talent through this process.
- 34:09And I was fortunate enough to three or four people that were
- 34:12really excited about what I was doing.
- 34:15And and so they're they're working hard, finishing their
- 34:19MBA program in May and fingers crossed that, you know, we raise
- 34:22some money so I can actually hire them by the time they
- 34:25graduate. So it's been a good symbiotic
- 34:27relationship. I said keep your options open.
- 34:28You never know, the world of investing can be funny, but you
- 34:33know, they're working really hard.
- 34:35They're one student is from and I, when I say student, these
- 34:39folks, you know, when you go to NBA school, you, you have years
- 34:42of experience in between. So they're not just fresh
- 34:44undergrads, but you have industry experience.
- 34:48One student's from Ghana and I asked them, I always ask the
- 34:52same question. Why do you want to buy my
- 34:53product? Why do you want to spend time
- 34:54with me? Right.
- 34:55And I said, well, why? What intrigued you about wanting
- 34:57to have breakfast with me? He said, well, you know what?
- 34:59He goes, I'm forgotten. We don't even have doctors in
- 35:02large parts of the country. You'll save millions of lives by
- 35:04just having access to, you know, something that is better than
- 35:07nothing, right? And that was his passion.
- 35:09Another student is from Columbia and I think Bogota, Maine city.
- 35:14And he had personal, you know, experience with mind body
- 35:17connection and was passionate around making sure other people
- 35:21that he knew that suffered didn't have the same issue. 3rd
- 35:24actually wants to start an engineering company.
- 35:26He's a little passionate product management and he actually has
- 35:28his own small development companies.
- 35:31So they kind of fit the various puzzles pieces of the puzzle.
- 35:36And we've got 3 or 4 doctors now that that I think are fantastic
- 35:40in terms of a business model where they have the time to give
- 35:45to perform deep diagnosis. So we're trying to make digital
- 35:47twins of them so we can scale their diagnostic methodology
- 35:51into the platform because this is all about get whole person
- 35:55built out medical records structured over time with
- 36:00patterns, wearable data and life story.
- 36:04You put those 3 prisons together and all of a sudden you know the
- 36:08doctrine on a three page PDF you say, wow, I know you are way
- 36:11better than I could have with just that form that you filled
- 36:13out in the lobby. And if that's eight, that's 80%
- 36:17of the game discovery of who that person is.
- 36:20Then it's a lot easier to say, well, that's where the Pearl is.
- 36:23It's not going to happen overnight, but it's certainly
- 36:25not going to take the 10 years it took me to find out what my
- 36:27root cause was. Yeah, when the the idea of like
- 36:33capturing that data over time, a digital twin is amazing because,
- 36:39you know, the impossible play like every time like a doctor
- 36:43retires, it's almost like, Oh my gosh, it's like losing a
- 36:46library. Because with all of that
- 36:49experience and talent, you know, you pull that away.
- 36:53But let let's say if a doctor has had 40 years in a career and
- 36:58he's been wearing a wearable or, you know, an Apple Watch or some
- 37:02kind of like Meadow Ray Ban's been documenting all of his
- 37:06conversations, all of his procedures, all of that, then
- 37:08you're starting to get at least like a piece of all the
- 37:12expertise, you know, that that was obtained over his entire
- 37:16career. And like right now we're
- 37:17basically at day 0 for that starting to happen.
- 37:21Incredible. It sounds like also with.
- 37:23Oh, go ahead. I was saying that the other
- 37:26challenges the way medicine is done today, like you said, it's
- 37:31specialists because and we're victims of it too, right?
- 37:34As soon as you have an ear problem, I want to go see an Mt
- 37:36person. Like if I have the knee pain, I
- 37:39want to go see somebody that's specialized in that, right?
- 37:42So we also contribute to it as we jump to conclusion, but the
- 37:45connection is probably somewhere else.
- 37:48So getting people that understand how to step back.
- 37:54So doctor that kind of finally gave me the aha that while I can
- 37:56solve this in AI, he was, I met with him, filled out the forms
- 38:03in the lobbying. His nurse came in and took all
- 38:04the vitals, you know, just while I was there, created a beautiful
- 38:07Manila folder with all of that ready for the doctor to take a
- 38:10look at. He comes in, it's on his desk
- 38:11and he sits down and he goes, I don't want to open that.
- 38:14It was like very unconventional. I don't even know what want to
- 38:18know what symptoms you have right now?
- 38:20I want to know you start from the beginning.
- 38:21Born C-section or natural. I didn't know.
- 38:25I mean, I did, but most people don't.
- 38:27One of the patients we put through the platform had to say,
- 38:30let me put you on hold. I really don't know.
- 38:31I have to ask mom. So if he wanted to start from
- 38:35the beginning, tell me from the beginning, tell me everything.
- 38:37And then he peppered questions in.
- 38:38And then it was only after two hours, which you don't get from
- 38:41the doctor. And then he went to the
- 38:44whiteboard and drew a quadrant. He goes, listen, I've been
- 38:46trying to fill in all of these quadrants.
- 38:50And the problem you've had is you've seen 12 specialists.
- 38:54Each one was right, but they were wrong because they each
- 38:56were reaching behind the curtain piece and feeling one part of
- 38:59the elephant. I'm going to play Charlotte
- 39:01Calls. You're going to take that
- 39:02curtain off and we're going to see the whole elephants.
- 39:04They're all interconnected. And bingo, I forgot about mine.
- 39:09The reason I was there. And all I could think about is,
- 39:11Oh my God, this is just systematic data collection.
- 39:15Yes, it's a machine like we were doing assets in real estate and
- 39:18energy and renewable energy. But obviously the body's more
- 39:22complex and it's got a mind component to it.
- 39:24But the methodology of scanning data and organizing it so you
- 39:27can see it, the light bulb went off.
- 39:31It's a, it's a, it's a diet. It's the bedside manners and the
- 39:35systematic way of collecting information from a person.
- 39:38And when you can feed that, even if today I challenge anybody, go
- 39:41type your symptom into any of the platforms, including Clawed
- 39:44Health, that's out, ChatGPT Health, that's out.
- 39:47It'll give you a quick answer and feel really good, right?
- 39:51But what it should be doing is let me ask you some more
- 39:53questions. Let me ask you some more
- 39:54questions because the more you can give it, the better.
- 39:57All you're actually going to get the right, you're going to find
- 40:01that fault sooner. Yeah, yeah.
- 40:05I, I love that. And I think that that's
- 40:06ultimately the promise is you get more of that kind of
- 40:09attention from your physician, you know, because I personally
- 40:13really like kind of the more shaman modality, you know, which
- 40:17is kind of leaning towards that, you know, and, and shamanism is
- 40:20usually rooted in some kind of like metaphysical kind of belief
- 40:24structure, which is also great. And I'm open to that.
- 40:28But really being from the West, it's like, well, I'm more
- 40:31scientific rigor as kind of the the language I speak.
- 40:34So doctors are the same way, you know, scientific rigor is kind
- 40:38of the language that they speak to reach the outcomes they have.
- 40:41But then also the, the, the, the shamanistic kind of tactic of
- 40:46like getting to know your psychology and who you are as a
- 40:49person works just as well in kind of a, a scientific
- 40:53modality. There might not be any like
- 40:55papers being able to validate some of it, but I think
- 40:58anecdotally, they all know the difference.
- 41:00When they're having a good day, they have better outcomes.
- 41:02I mean, there's just a, a certain amount of like truth to
- 41:05that. One thing that might be kind of
- 41:08of concern for additional data points was a, that's another
- 41:12guest on the show kind of brought this up that as AI is
- 41:16creating more opportunities, more data, more diagnostic
- 41:19opportunities, that it does increase liability, that if the
- 41:23doctor using the tools and somehow miss it, then they could
- 41:26be held liable, you know, malpractice and things like
- 41:29that. Have you heard anything about
- 41:32potential liability hang ups when you're talking to doctors
- 41:34and things like that? Yes, I mean, I think doctors in
- 41:37general are very risk averse. They already have huge like, oh,
- 41:40that's why I defer to their revenue goes towards liability.
- 41:43I mean malpractice insurance, right.
- 41:45So it's already there. And I think anything that's new
- 41:49creates more fear. But I, I look at it and saying,
- 41:54listen, if I can help somebody find a cure, not a treatment,
- 41:58make a difference in those two words faster.
- 42:01And we're going to say it's each one is a hypothesis machine
- 42:04we're going to try. But now they have more knowledge
- 42:07out there and they're smart enough to bleed out the stuff.
- 42:09That's what I call this hallucination that AI doesn't
- 42:11produce the right results. I think they're actually going
- 42:14to reduce their liability. But like anything new, people
- 42:17have to get past this initial fear.
- 42:20And unfortunately, our media loads to play on the fear as
- 42:23opposed to all the successes. You get the one example of, you
- 42:27know, one Tesla that you know, that happened to crash in
- 42:29Berlin. It's like, did we forget about
- 42:31the other 50,000 casualties that happened every year based on
- 42:34human mistakes driving the car? Yeah, well, in the myth that AI
- 42:39is taking everyone's jobs, you know, really was debunked
- 42:43because that was just because the big players, whether it's
- 42:47anthropic or open AI or Google, they just didn't want their
- 42:52their subscriptions to show up in like a marketing expense.
- 42:55Rather they can put it over into HR.
- 42:57So they're like, hey, it's not that you're spending $100,000,
- 43:01you're saving $1,000,000 because you didn't have to hire
- 43:04somebody. So it's, you know, the sales
- 43:08tactic. Faster.
- 43:09And I would say that every invention we've had, you know,
- 43:13if somebody's told you in 1900 that 98% of the farmers would be
- 43:17displaced, you'd pretty, you'd pretty freaked out.
- 43:20But it exactly played out that way.
- 43:21There's only 2% of our population that does all the
- 43:24farming that we need for our food because of automation.
- 43:27It just happened over 100 years. This is happening faster.
- 43:29So, yeah, jobs will get displaced, but it'll create new
- 43:33jobs. And remember listening to a
- 43:35podcast with that Jensen Wong of NVIDIA, and he said, well, just
- 43:39think of all the robots are out there.
- 43:40Well, yeah, it's going to be an industry.
- 43:42You're making clothes because you want your robots look
- 43:44prettier than the other one. They'll be holding this here on
- 43:47garments and so it'll create new job.
- 43:48Let's it's just constructive destruction, you know, on on
- 43:52warp speed. Yeah, it'll be fun.
- 43:56It's funny to think about like our great grandkids will
- 43:58probably be romantic about our era and be like, wow, you had to
- 44:01change the channel with like a remote control and not with your
- 44:04brain. Must have been awesome in the
- 44:06same way that I. What's the steering wheel of the
- 44:08car? Why are you having now this
- 44:09steering wheel? Yeah, you drove.
- 44:12Wow, that seems cool. He like now it's it was
- 44:15terrible, like we were stuck in traffic all the time.
- 44:17In the same way that I think about farming.
- 44:19If I could go back and see great, great grand pappy Estes
- 44:22and be like, hey, I want to be a farmer.
- 44:25He's like describe to me your life.
- 44:26I tell him he'd be like, dude, what are you insane?
- 44:29Like no, you like a hot shower eye.
- 44:30That sounds amazing. Tell me about.
- 44:35That no, there will be a job displacement.
- 44:37That doesn't mean that, but if you kind of sit there with your
- 44:40head stuck in the sand, you will not have a job.
- 44:42You're going to have to reinvent yourself.
- 44:44Go back to that rookie smart. You have to always be learning
- 44:47like something new. 100% love to hear your opinion on kind of the
- 44:53ground floor of fundraising. And right now, you know,
- 44:57fundraising is particularly frothy, which, you know, being a
- 45:00tech guy myself is very exciting because a couple years ago, man,
- 45:03it was really stalling out like everybody, you know, had, you
- 45:07know, iron locks around their wallets and they didn't know
- 45:10what to do. But now in particular, like
- 45:13people are looking for opportunities and really it's
- 45:15kind of a, a winner take all market.
- 45:18So things are moving fast. So you're, you're speaking with
- 45:21investors. What is kind of their concerns?
- 45:23What are they looking for right now as far as projects?
- 45:26I mean, clearly AI is front and center.
- 45:30I have a lot of friends that have done well over time and
- 45:33they've all seemed to have become VCs or either running
- 45:35their own fund or part of them, a larger fund is kind of their,
- 45:38their own twilight career. And you know, you talk to them,
- 45:42you know, all the business plans coming across are very AA
- 45:46centric. It's it's hard to separate the
- 45:48wheat from the chafe, right? In terms of what really AI
- 45:51means, right? Or is he just going to slapped
- 45:53on as a as a way to get attention?
- 45:56But I think most people, most people are worried about the
- 45:59bubble, right? Are we, is it getting too
- 46:01frothy? Is is it going to burst?
- 46:04And it will, I mean, there's nothing new, right?
- 46:07It happened when the auto industry came out and it
- 46:10happened when the radios came out and televisions.
- 46:12And, you know, there are hundreds and if not thousands of
- 46:15business lives and most will die.
- 46:18But I still think that most feel very, very bullish.
- 46:21And it's still early enemies. Oh yeah, in the sense bigger and
- 46:25longer laysand.com. So I, I personally feel that
- 46:28way. And maybe that's what I'm
- 46:29hearing because that's what I want to hear.
- 46:30But I, I hear both sides of the story.
- 46:32There seems to be more optimism that the application layer.
- 46:35So all the money that's going in today is I would call the
- 46:37infrastructure, right? The NVIDIA, you know, the data
- 46:41that companies, the the LLMS, that what you do with all that
- 46:45layer, what like a diagnose is going to be the productivity
- 46:48layer. That race is still wide open,
- 46:50right? And companies are still
- 46:51emerging. Yeah.
- 46:52Is there over investment? Probably overvaluation.
- 46:55Yes, I do think that investors, the whole process is very
- 47:00inefficient and you've raised money.
- 47:02I'm sure a lot of your guests on the show or listeners on the
- 47:05show have raised money and it's just inefficient.
- 47:07You just have to kiss too many frogs on both sides to find it.
- 47:11I mean, I remember when TPG invested us at Nakatis, we saw
- 47:16it with 3000 business plans. She invested in three companies
- 47:18that year. I said, now I said I've gotten
- 47:20to Stanford a lot easier that you invested in me, but it's
- 47:26not, it's because it's inefficient.
- 47:28I, I get really frustrated when investors just say they have a
- 47:31blank page and say, just send me your, your prospectus.
- 47:33I met only one investor so far. It was in Denver.
- 47:36He had 10 questions when he opened his slide and said, if
- 47:40you, it was like the immigration forum, if any of these are yes,
- 47:45you know, please come and see me.
- 47:46I mean, if all of them are yes, anyone's no, no new bother.
- 47:50And he said you have to be within 60 miles of me because
- 47:52I'm hands on. And I said Oh my God, if every
- 47:55VC would actually be really clear on what they're looking
- 47:57for. Yeah, save you a lot of time.
- 48:01Save a lot of time, but not too far walks of VCs.
- 48:04But that's my one magic wand, is it?
- 48:06Please tell us what you're looking for and what you're not
- 48:09looking. For total.
- 48:11Nice. All right, Haresh, we're about
- 48:13to enter the quantum round. Are you ready?
- 48:15OK, whatever it is, bring it on. It was the lightning round, but
- 48:20as we got to 2026, I'm like, no, this is so a couple of
- 48:26questions. You're obviously very bullish
- 48:29for AI and health tech. What's the bear case Where where
- 48:34should AI be not be implemented into healthcare I.
- 48:38Don't think at the end of the day it's the ultimate decision
- 48:40maker, right? It is a facilitator for good
- 48:46building, good hypothesis. At the end of the day, it should
- 48:49not replace the doctor. It shouldn't replace an expert.
- 48:53It should be a good second opinion or a third opinion.
- 48:55It should be a place to gather more information, but it should
- 48:58not be the final word. You're entering college today as
- 49:03a freshman. What would you study?
- 49:07Pumped engineering. This should be a whole degree in
- 49:10pumped engineering. How to use AI And I think
- 49:13college education needs to be completely revamped.
- 49:16I mean, I spent, I mean, every engineering course ended up
- 49:19being derivatives and integrations and I never used
- 49:22them a single day and didn't prepare me for day one the job.
- 49:24So I just shouldn't be using calculators.
- 49:27I shouldn't be using slide rules.
- 49:28We shouldn't be using Abacus. And similarly, you know, all the
- 49:31stuff that they teach isn't really preparing students for
- 49:34day one. So but yeah, I think prompt
- 49:37engineering to me is going to be, I've just seen my son.
- 49:39It's amazing how much more he can get done than I can.
- 49:43Is he's he's reinvented himself to be a prompt engineer.
- 49:45It's it's how you converse with AI.
- 49:49Yeah, nice. And I know you have some
- 49:52charitable organizations that are really near and dear to your
- 49:55heart and I'd love to give them shout out and just talk about
- 49:58some of the work that you're doing so or they're doing.
- 50:01Let's start with the American Indian Foundation.
- 50:04Why are these folks important to?
- 50:05You well they are a good friend of ours.
- 50:08We not each other since we moved to Silicon Valley in the early
- 50:1080s and they had a successful career.
- 50:14They started this foundation after they sold their company
- 50:16and it was really to bring technology and I would say hope
- 50:21to the poorest part of of India and Bill Clinton became the
- 50:27chairman of that honorary chairman of that foundation.
- 50:29He gave a talk. I happened to be there in a few
- 50:31minutes. The economy goes, India is one
- 50:32of those countries where the correlation between IQ and
- 50:35income don't Farley. So this particular organization
- 50:39raises $40 million buckets. And for that they can build a
- 50:41small school, a small clinic and and a library and and they
- 50:48educate people. And so they produce some
- 50:51brilliant, incredible people out of that.
- 50:54That's what they do. They get medical care, like you
- 50:56said, you can get educated and you can learn about the
- 50:58computers, the Internet. And I'm sure they have evolved
- 51:01this technology move learn more about AI and they put it in, in
- 51:05the, in the, in the deepest, largest loans that they can
- 51:09find. And there are a lot of them
- 51:10still, unfortunately in India. So that's their, that's their
- 51:13amazing. Yeah, I've met.
- 51:16So many dozens of just dynamic incredible founders that
- 51:20happened to be Indian. What?
- 51:21What is the thread about the Indian people that make them
- 51:24such great founders and operators?
- 51:26Yeah, I, I don't know if I have the answer to it.
- 51:28I can only recount the story that somebody wrote to the
- 51:32Silicon Valley executive and he just said that, you know, things
- 51:36are so fluid in the business world, you got to figure out,
- 51:40you know, how to navigate. And so if you look at traffic in
- 51:44India, there's a joke that that they sent an atheist India
- 51:47because he obviously didn't believe in God.
- 51:48And he goes, well, we want you to believe in God, but all we
- 51:50want you to do is send to this intersection and we'll talk to
- 51:54you the end of the day. And and he watched the chaos for
- 51:56the full 12 hours of daylight and he came back and was the
- 51:59only way this country functions. There's got to be a God with
- 52:03watching the traffic. And so I think tying that back
- 52:06to, you know, if you try to navigate Indian streets into
- 52:10chaos, you know, that's what software is.
- 52:12Your pricing is wrong. The minute you put it down, your
- 52:14business model is wrong. The minute you're right on the
- 52:16PowerPoint, you know, the world is fluid and it's changing.
- 52:18And I just need to learn how to navigate, you know, changing.
- 52:21That's that's that's not my theory.
- 52:24That's the best I can understand.
- 52:25Trying to say why are they more successful?
- 52:28That's probably 1 reasons. We, we grew up in chaos, right?
- 52:31So we know how to deal with chaos because the business world
- 52:33is nothing but chaos. And gracefully, I think too, you
- 52:37know, like the Indian people. Of course, I'm generalizing and
- 52:40stereotyping here, no disrespect, but like gracious
- 52:43and polite and courteous. And, you know, it's great in
- 52:47America. I think probably, you know, the,
- 52:50the, the President of the United States is an, A cartoonish
- 52:53example of what they think a businessman is like, you know,
- 52:57but maybe the truth, it couldn't be further than that.
- 53:00How about the Foundation for Excellence?
- 53:01FFE is also a good friend of ours.
- 53:03You want to be our very first client.
- 53:05Also Mcconness, and he has a similar vision but very tech
- 53:11focused. And so he likes to give full
- 53:14scholarships to kids in high school and in college, but they
- 53:17have to earn it every year by maintaining AGPA.
- 53:20And you get tied directly. So if I give let's say $3000, it
- 53:25ties me directly with the number of students directly and they
- 53:27can communicate with me right to me.
- 53:29So I know my money's being passed through.
- 53:32And so they have to have very high GPA, very high standardized
- 53:36testing scores. But the criteria is always a but
- 53:39in life, but is you have to have no money, meaning you are the
- 53:44poorest of the poor. And but they give direct
- 53:47scholarships and every year they bring but does know them that
- 53:50they've actually immigrated here and doing really well and now
- 53:53actually become dollars. So it's really gratifying as you
- 53:55get the first hand touch to to who you've given money to.
- 54:00And the foundation itself runs on on no money.
- 54:03So it's 100% pass through, which is kind of cool.
- 54:07And folks can check them out. They're ffe.org.
- 54:11And the other was aif.org. We'll put links to that in the
- 54:14show notes. And we're running out of time,
- 54:16but we didn't even have a chance to talk about your new book so
- 54:20people can go learn more about Haresh.
- 54:23Now. I know Haresh a little bit.
- 54:24We've been talking the last couple of weeks and he has an
- 54:27incredible story of how he solved his own 55 year medical
- 54:33mystery. The book is called the ghost in
- 54:36my body. And from his website, you can
- 54:38sign up to get alerts when that comes when that gets published.
- 54:41So that's Haresh Patel dot AI to learn a little bit about more
- 54:45about Haresh. But this has been awesome.
- 54:48I I love what you're working on. I'm a fan.
- 54:52Where can people connect with you online personally?
- 54:54LinkedIn is obviously a good place looking me up as Haresh
- 54:57Patel, my website as you mentioned Haresh Patel dot AI.
- 55:02Those are probably the two best ways to to reach me and Haresh
- 55:06at mydiagnosticmd.com for my e-mail.
- 55:12So any one of those reach me and I will definitely reply back.
- 55:15But I appreciate you bringing me on as a guest and expect to stay
- 55:19in touch. Absolutely.
- 55:22My pleasure. And, you know, how can I confirm
- 55:24that you're not actually the digital twin of Haresh?
- 55:29I don't know. You'll have to.
- 55:31Nowadays you have to look at videos over and over and over
- 55:33again. So you got to think you'll have
- 55:34to re listen to this. Podcast, it's right, it's right.
- 55:38If you know when you were talking about the the leak in
- 55:41your roof, if I would have seen drops starting to come down in
- 55:44the screen. I'm like, wait a minute.
- 55:45I don't know what's real anymore, but I really appreciate
- 55:49it. Great to talk to you again,
- 55:50Haresh, Appreciate you. Hey founders, let me ask you
- 55:54this. Are you building with AI or
- 55:57getting left behind by it? If you're serious about scaling
- 56:01smarter, faster and bolder, you need to check out AI for
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- 56:38Hit AI for founders.co To subscribe to the newsletter,
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- 56:47Build smarter, move faster, think bolder with AI for
- 56:51founders. Now back to the show.