Listen "007 - Health is Wealth with Marcus Whitney"
Episode Synopsis
What we covered:01:40 – Kurt welcomes to the show, Marcus Whitney, who speaks to his background as a venture capitalist at Jumpstart Health Investors, and what inspired him to start Jumpstart Nova10:57 – From Brooklyn and dropping out of school to Atlanta and getting into coding16:43 – Marcus’ framework for screening founders23:21 – Measure twice, cut once: Our broken healthcare system27:56 – Comparing healthcare and higher education business models29:19 – Marcus reveals which city is the hub for healthcare corporations in the United States37:57 – Marcus gets vulnerable and opens up about three major challenges he’s had to overcome throughout his life44:04 – How Marcus stays grounded and balanced45:05 – The one band Marcus would go see play live if he could46:13 – Kurt thanks Marcus for joining the show and lets listeners know where they can connect with him and how they can be of service to Marcus Episode Sponsor: Hunt Club Tweetable Quotes: “The healthcare system that we have today is really a result of Lyndon Johnson – which we all know was a transitional presidency – enhancing the Social Security Act with Medicare and adding onto the New Deal and setting up a business model that was cost-plus, meaning whatever the service cost, the government’s going to pay that cost plus twenty percent. That’s still the system we have today.”“I’m not trying to have twenty companies where all the founders are carbon copies of each other. I’m looking for authenticity and people who certainly will have the grit, tenacity, and resilience, but also will listen. I want people who are uniquely qualified to solve the problem they’re going after.”“There’s a reason why healthcare and higher education are the two fastest rising costs from a service perspective in the country. Those are the two things where the inflation has been out of control.”“I set the expectation with [founders] regularly that I’m going to bring it to you and I’m gonna lean into conflict with you regularly because that’s where the progress is.”“I started a new fund around this time last year called Jumpstart Nova. And it is a Series A Fund investing in innovative healthcare companies led by Black founders.”“I can tell you, having been through those heavy things, I’ve never been better in my entire life than right now. I’ve never been better in those three areas. I’ve never been better in business, I’ve never been better in relationships and being sober is awesome.” Links Mentioned: Kurt’s TwitterKurt’s Instagram Kurt’s LinkedIn Marcus’s TwitterMarcus’ InstagramMarcus’ WebsiteMarcus’ LinkedIn Link to Marcus’ Book: Create and OrchestrateJumpstart Health Website
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