Mario Schlosser: Replacing 40-year-old COBOL healthcare software is a massive opportunity
Mario Schlosser · Mario Schlosser: "How to Deal with a 94% Decline in Market Cap" | E1136 · 20VC with Harry Stebbings · Apr 5, 2024 · at 8:22
Mario Schlosser, co-founder and CTO of Oscar Health, explains why pragmatic startups replacing legacy healthcare software represent better opportunities than high-concept deep tech.
0:00 / 0:18exact quote · 18.6s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“There's an incredible amount of very pedestrian, simple workflows and ideas where some amount of companies make a ton of money in U.S. Healthcare and replacing their forty-year-old COBOL codebase With what you just said just a good startup that makes money early on, I think is a huge opportunity.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Mario Schlosser
Mario Schlosser: Becoming a billionaire requires an entitlement mindset bordering on defect
“I've seen the people who make the real amounts of money, the people who become the moguls, they have an incredibly strong sense of what they are owed by society and by the system or by other people that I don't have. And I think it's almost a brain defect. If …”
Mario Schlosser: Very few tech startups actually understand how healthcare works
“If you want to draw a Venn diagram of companies or startups in healthcare, you've got the circle of startups with good technology, and you've got a different circle of startups that understand how healthcare actually works, and the overlap is very small.”
Mario Schlosser: Everyone could have an LLM-based doctor by next year
“There's definitely the possibility that we will all have an LLM-based doctor next year.”
Mario Schlosser: Sell-side analyst price targets provide virtually no predictive value
“At Bridgewater, we always saw that analysts' price targets lag stock market changes. So the market moves first, and then analysts move afterwards, and move prices up and down. You just see this throughout history, ok? There is no, almost no information in anal…”
Mario Schlosser: Oscar Health would not exist today without its IPO
“And frankly also Oscar wouldn't be around having not gone public.”
Mario Schlosser: Antidepressants can block deep intuitive insights needed by founders
“That insights, being on the drug might not come to you, and you might end up actually doing the wrong thing because the drug sort of cuts out some of these deeper insights that you should, that should flood into your consciousness.”