Zūm CEO interview, Cisco’s M&A ethos, neoinsurance bad romance –

It was once common for doctors to visit sick patients in their homes: in 1930, 40% of all consultations were house calls. By 1980 this figure was less than 1%.

Today, urgent care centers occupy Main Street storefronts and 33% of all medical expenses are in hospitals. It’s clear that the added overhead is creating higher prices, but not necessarily better results, according to Sumi Das and Nina Gerson, who lead healthcare investments at Capital G.

“We can improve both outcomes and costs by starting care at home – rather than starting care from the hospital,” they write in a post that outlines five innovations enabling home care. Explores and identifies investment opportunities such as acute care and infrastructure development.

Today, in-home care comprises only 3% of overall health care spending, but Gerson and Das estimate this will increase to 10% over the next 10 years.

“To make these improvements, in-home healthcare strategies will need to leverage next-generation technology and value-based care strategies. Fortunately, the window of opportunity for change is still open.”

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image credit: Cowboy Ventures / Guild Education

Guests on tomorrow’s episode of Extra Crunch Live will include Cowboy Ventures VC Ellen Lee and Guild Education CEO and co-founder Rachel Carlson.

Among other topics, Lee will talk about how Guild Education met its criteria for investment before reacting to startup pitches submitted by audience members.

Register now to join the free chat on Hoppin’ on Wednesday, August 25 at 11:30 a.m. PDT/2:30 p.m. EDT.

Many thanks for reading Extra Crunch; have a great week!

Walter Thompson
Senior Editor,
@your hero

Zūm CEO Ritu Narayan explains why equity and accessibility work for mobility services

image credit: Bryce Durbin

Ritu Narayan founded Zūm with her two brothers in 2016 to disrupt student transport, a place that hasn’t seen much innovation since pupils began to find their way out of the tiny Lal Schoolhouse.

Since then, Zūm has partnered with school districts across the country to create more efficient routes and reduce vehicle emissions.

By 2025, Narayan says his company will have 10,000 electric school buses and plans to put the fleet into service to generate electricity and feed it back into the grid.

To learn more about the company’s growth, its immediate plans for the future and how the pandemic affected operations, read on.

Bird scooter shows improving economics, long march to profitability

image credit: Nigel Sussman (Opens in a new window)

For The Exchange, Alex Wilhelm looked at recent financial data from scooter sharing service Bird, which – such as Lyft, Uber, Airbnb and others – took a beating during the pandemic as potential riders stayed home.

Bird flipped its business model and improved its results, but it still has a way to go. “In the Bull case, Bird can get rid of its adjusted losses in a few years,” Alex writes.

“If a problem arises at the top of the company’s table — for example, the ride-per-scooter scale doesn’t as the company rolls out more hardware, or is just slower than expected — anticipated profitability results could evaporate or can be pushed. The future.”

India’s path clear for SaaS leadership, but challenges remain

image credit: Thithima Thongkham/Getty Images

According to the SaaSBOOMi/McKinsey report, by 2030, India’s SaaS industry is projected to comprise 4%-6% of the global market and generate between $50 billion and $70 billion in annual revenue.

“With the right approach, it will not take long for the Indian SaaS community to become a massive employer of talent, a significant contributor to India’s GDP and a creator of unmatched products,” says Manav Garg, CEO and Founder, Eka Software. Solution.

In a guest post, he points out several key growth drivers, including “the largest concentration of developers in the world” and the fact that “SaaS is not a winner-takes-all market.”

Nevertheless, the sector still faces challenges, as “growth requires a growth mindset.”

Why have the markets turned down public neoinsurance startups?

image credit: Nigel Sussman (Opens in a new window)

As Alex Wilhelm has repeatedly noted in The Exchange, neoinsurance companies have stunned the market, from healthcare to autos to homes and rentals.

But he didn’t realize it until he chatted with John Swigert, co-founder and CEO of Pai Insurance, who had an interesting hypothesis.

Summarizing their conversation in one sentence: “From the point of view of public markets, this is the result, stupidity.”

How Cisco keeps its startup acquisition engine humming

The Cisco Systems logo is displayed at the Mobile World Congress (MWC) in Barcelona on February 25, 2019. Phone makers will focus on foldable screens and launch 5G wireless networks at the world's largest mobile fair starting February 25 in Spain. Because they try to reverse the decline in smartphone sales. (Photo by Josep Lago/AFP) (Photo credit should read Joseph Lago/AFP via Getty Images)

image credit: Josep Lago / AFP / Getty Images

Ron Miller interviewed three Cisco executives to learn more about the company’s “rich history of buying its way to global success”:

  • CFO Scott Herren
  • Derek Idemoto, SVP for Corporate Development and Cisco Investments
  • Jitu Patel, EVP & GM, Security & Cooperation

Since its inception, Cisco has acquired 229 companies, bought over 30 startups over the past four years that focus on everything from edtech to event management.

“In fact, one of the big reasons for all these acquisitions may be about maintaining growth,” Ron writes.

The tech exits of the future have a lot to live for

image credit: Sam Salek/IEEM (Opens in a new window) / Getty Images (image has been modified)

“Inflation may or may not prove to be transient when it comes to consumer prices, but startup valuations have certainly been rising – and in particular – in recent quarters.”

This is Alex Wilhelm’s summary of a recent Pitchbook report that rounds up valuation data from US startup funding events.

He dug into the report and analyzed what the numbers mean for startup valuations and potential exits.

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