"New Oil". Billion-dollar medical data, divorce from Apple and business on the law in the USA

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Это Осетинская!

Published on Oct 27, 2021
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Apply for a new Sberbank Credit Card at https://clck.ru/YKmM3 Buy a ticket to TECHWEEK: http://techweek.moscow/?utm_source=in... Moldovan physics student Slava (aka Steve) Yaskin flew from the USSR to New York right during the 1991 coup. After graduate school at Drexel University, his dream was to work with data at NASA, but his supervisor strongly advised him to go into business. And so, after working for 26 years in the field of data in pharmaceutical companies and on Wall Street, Steve decides to become an entrepreneur. He finds partners in Moscow in the form of the outsourcing company Auriga and creates a fast-growing business right during the dot-com bubble. At that time, Steve's wife, Dr. Inna Yaskin, already had a successful network of private clinics in Silicon Valley. But conservative American medicine still used fax machines to exchange test results and wasted tons of paper. Steve decided to help his wife and founded the largest company in the field of medical data, Health Gorilla. Now Health Gorilla aggregates data from more than 15% of the US population, operates in Mexico and Puerto Rico, and in three years promises to cover the entire population of America. In an interview with Elizaveta Osetinskaya, Steve explained why he refused to sell the company to Tim Cook, how he first came to the Valley after seeing an advertising brochure, how he managed to receive checks from investors right at a table in a cafe, and what medical data says about Covid-19. 00:00 The opportunity and reason to leave Chisinau for New York during the coup 04:57 Theoretical physics as a path for computers 06:01 The first Russians in Silicon Valley 07:18 "Paper and pencil": NASA's prospects, the Wallstreet vulture and a wise professor 12:33 "Hunger for data": side effects in pharmaceuticals and 26 years of experience 14:16 CRM: face to face with customers 16:14 "The Valley is like a hotel": the dot-com boom, the desert and the pandemic 21:28 An article in favor of entrepreneurship and business on the collapse of IT companies 26:11 A wife's business in private medicine and dissatisfaction with healthcare in the Valley 30:46 "What kind of monster is this?": the war with faxes and the first fake prototype 37:44 "Who knew healthcare was so hard": Stan Chudnovsky's foundation and investments in the marketplace 38:44 Mandatory insurance from $600 per month: why the US healthcare system is broken 49:04 70% of data: a startup pivot and disruption in the name 54:28 Government cheese: Obamacare, a $40,000 stimulus, and the market economy’s response 59:41 “Treatment for the 21st century”: 6,000 pages of legislation that Steve “productized” into business 1:01:53 “Blockchain will only make things worse” 1:03:27 Search for the network effect: the conflict between privacy, business, and data exchange 1:08:00 A joke about who really owns medical data 1:11:35 “We were two years ahead of the law”: 40% of unnecessary tests, risk, and “useful action” 1:16:19 “Contact sports” of Silicon Valley and receipts received directly from a cafe 1:21:26 Who will pay? "The first dollar" and the complexity of monetization in healthcare 1:24:11 How many patients are in Health Gorilla, and intelligent Latin Americans 1:25:33 How does monetization work, and the risk of monopolization 1:27:47 Why did Google Health close? 1:29:08 How to sell more iPhones: Apple Health and the refusal to sell the company to Tim Cook 1:34:42 Magazine on the plane, a meeting with Sergey Brin and a move to the valley 1:37:31 Company valuation, IPO plans and two or three more startups 1:39:39 A contract with Theranos in a frame and a cult of personality in the valley 1:44:03 "Succeed fast or fail faster": transformation into a venture investor from medicine 1:46:56 Who is more likely to get sick with Covid-19, and what else can be medical data? 1:49:56 Blitz Follow us on social media: Instagram: / thebell_io Twitter: / ru_thebell Facebook: / thebell.io VKontakte: https://vk.com/thebell_io Telegram: https://t.me/thebell_io Read the text version on The Bell website: https://thebell.io/ Subscribe to the channel to watch new releases first: https://www.youtube.com/c/RussiansAre... Track: Tim Whitelaw

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