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Medstars Partners with DC to VC: HIT Startup Showcase
Morgenthaler Ventures, a leading venture capital firm, announced today a nationwide contest called "DC to VC: HIT Startup Showcase" to find the best startup ideas in health information technology (HIT).

The competition is open to any US entrepreneur seeking seed or Series-A funding for startups that are applying cutting-edge technology to improve the quality and delivery of healthcare. Applications are being accepted today through August 9, 2011 at www.dctovc.com. Ten finalists will be selected and offered the chance to present in front of 200 venture capitalists, angel investors and entrepreneurs on September 22, 2011.

Held at Microsoft's auditorium in Mountain View, the HIT Startup Showcase will include presentations by Washington, DC policymakers as well as leading VCs and angel investors. Last year's DC to VC summit featured keynotes from Aneesh Chopra, chief technology officer of the United States and Todd Park, chief technology officer of the Department of Health and Human Services.

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Anne DeGheest | 27 May 2011

Angels with green wings: Investors support innovative health-care ventures

On April 12, 2011, Mary Beth Hislop from the Los Altos Crier wrote an article about Anne DeGheest's efforts with her new angel group HealthTech Capital:  Health care was a $2.5 trillion industry in 2009 - in 2007, $2.2 trillion. It's a safe bet that amount was higher last year, and will be again in 2011.  So when seasoned angel investor and Los Altos Hills resident Anne DeGheest realized that 80 percent of that money is spent on health-care delivery systems, she saw an opportunity for investors to support innovations designed to reduce the costs of delivering health care. With a master's degree in engineering from the University of Belgium, a master's degree in business administration from Harvard University and 25 years' investing experience with MedStars Ventures Partners, De Gheest launched Los Altos Hills-based HealthTech Capital in June 2010. Unlike other health-care investor groups that focus on funding startup companies for therapeutic drugs or medical devices, HealthTech's goal is to support technological innovations that improve health-care delivery and reduce costs.  "Our sweet spot has minimal or no government regulation oversight by the Food and Drug Administration or centers for Medicare and Medicaid services," DeGheest said.  What makes HealthTech's business model special is that startup support involves more than monetary funding. "(This) is a new private-equity investment model that leverages professional investment management oversight with the collegiality and shared expertise found in organized angel-investor groups," she said.

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Anne DeGheest | 18 April 2011

Angels, startups looking to blend health care, IT

On March 18, 2011, Lisa Sibley wrote an article in Silicon Valley / San Jose Business Journal:  Silicon Valley is at the forefront of an emerging industry that blends the health care sector with the computer and consumer electronic worlds. The goal is to improve the way personalized health care is delivered and lower the cost by tapping into information technologies.
Investors and companies in the space say the field is on the cusp of explosive growth as the health care field seeks ways to save time and money through innovation. They are focused on combining therapeutic efficacy (drugs/devices) and process efficiencies (delivery) in a market that totaled $2.5 trillion in revenue in 2009.


Focused on this space is a new Los Altos-based investor group, HealthTech Capital, and fresh offerings from Silicon Valleystartups such as Doximity Inc., Epocrates Inc., and Castlight Health Inc.
HealthTech Capital came out of stealth in Marchcommitted to funding and mentoring startups in the healthtech space. It hasattracted more than 40 members, from accredited angel investors and doctors to venture capitalists including Advanced Technology Ventures and Canaan Partners, the California HealthCare Foundation, and major corporations Adidas AG and Unilever Nigeria Plc.
HealthTech co-founder Anne DeGheest said she envisions HealthTech Capital being a catalyst to bring technologies like these to market.


Read the full article in Silicon Valley / San Jose Business Journal

Anne DeGheest | 07 April 2011



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