May 25, 2022

UVC: Joseph Mocanu from Verge HealthTech Fund on interesting innovations in healthcare tech, 3 strategies that startups can use to ace fundraising and why it’s important for startups to do competitor analysis well

UVC: Joseph Mocanu from Verge HealthTech Fund on interesting innovations in healthcare tech, 3 strategies that startups can use to ace fundraising and why it’s important for startups to do competitor analysis well

Understanding VC is a deep dive on how Venture Capitalists work. In this episode, I speak with Joseph Mocanu, founding partner of the Verge HealthTech Fund, a VC fund focusing on seed stage healthcare tech companies relevant to emerging markets. This conversation kicks off with Joseph talking about his reasons for building a VC fund specializing in healthcare. He then talks about the three areas of focus of the healthcare tech industry namely: prevention, diagnosis, and curing, and the interesting innovations happening in these respective areas. The conversation then navigates towards the three important strategies that founders should implement before they approach VCs for raising capital, namely: doing a thorough background check on the VC, being a little pessimistic or cautious rather than your normal state of optimism as an entrepreneur, and the art of telling great stories. Joseph then talks about the importance of ‘competitor analysis’ which eventually leads to him talking about the challenges that he faced while raising funds. Last but not the least, he talks about his interest in investing in healthcare startups which are focused on solving respiratory health problems. The podcast episode ends with us talking about the covid pandemic and the ways in which we can handle a pandemic better in the future.


In this episode you will learn:

  • Why Joseph started a VC fund specializing in healthcare?
  • What are some of the interesting innovations happening in the three areas of focus for the healthcare tech industry namely prevention, diagnosis,and absolute cure?
  • 3 strategies that startups can use to ace fundraising
  • Why it’s important for startups to do a competitor analysis before approaching VCs and how startups can do it well?
  • If a VC withdraws a term sheet, who looks bad? The VC or the startup?
  • What were the challenges that Joseph faced while raising capital for his VC fund and the lessons he learned?
  • Why is Joseph interested in investing in healthcare startups focusing on respiratory health?
  • Can we ensure that this is the last pandemic? If not, how can we do things better in the future?

About

Joseph Mocanu is an angel investor and the founding partner of the Verge Healthtech fund focusing on seed-stage healthcare technology companies relevant to emerging markets based in Singapore. He was born in Romania, and he was a scientist researching new cancer therapies, a medical device entrepreneur, and a management consultant for Oliver Wyman where he led life sciences and digital health across Asia before he started his journey as an investor.

Joseph Mocanu Profile Photo

Joseph Mocanu

Managing Partner at Verge HealthTech Fund

Joseph Mocanu is an angel investor and the founding partner of the Verge Healthtech fund focusing on seed-stage healthcare technology companies relevant to emerging markets based in Singapore. He was born in Romania, and he was a scientist researching new cancer therapies, a medical device entrepreneur, and a management consultant for Oliver Wyman where he led life sciences and digital health across Asia before he started his journey as an investor.