Written by Jenny Wang & Tieshun Rocquerre, Venture Fellows at Rough Draft Ventures
1 in 7 patients discharged from a hospital is readmitted within 30 days, and health systems are struggling to manage this influx of patients. Patients forget 85% of at-home care instructions they are given by physicians and nurses before they are discharged, contributing to $100 billion in preventable readmissions costs. Hospitals and private practices have been hiring care and management discharge staff accordingly: care manager salaries now account for 15% of annual hospital budgets. …
The recent rise in Fashion x Tech funding reflects a current trend in the fashion industry. To understand the dynamics at work, we must trace back the retail clothing market to its root: the fashion houses and media conglomerates themselves. The major players in the industry always gather on the first Monday of May at the Metropolitan Museum of Art.
In his latest annual shareholders letter, Jamie Dimon of J.P.Morgan warned investors that “Silicon Valley is coming”. He’s not mistaken, as Accenture reports that FinTech investment has quadrupled in the past year to reach nearly 12.2 billion dollars today while the entire VC industry in comparison has increased investing by only 63%.
Below is a FinTech sector map featuring startups and companies that I’ve tracked in the past few months:
Many startups, such as Kensho (which can be found in between machine learning, trading and wealth management), fall at the intersection of the broader categories the companies were sorted in.