Prediction Held up AI assessment confidence: 95% certainty 4/5 debate potential 1/5

Kyle Hill: The caregiver-to-senior ratio will drop by half

Kyle Hill · 20VC: Why Every Employee Should Re-Apply For Their Job Every Year & The Strategies To Prepare For A Successful Fundraise with Kyle Hill, Founder & CEO @ HomeHero · Jul 15, 2016 · at 21:16

Kyle Hill, co-founder and CEO of HomeHero, highlights an impending labor crisis in eldercare as demographic demand outpaces the availability of professional caregivers.

0:00 / 0:03exact quote · 3.6s
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“The number of caregivers we have in our relative number of seniors is going to cut in half”

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 Kyle Hill

Assertion Not checkable as stated
HomeHero forces every corporate employee to re-apply for their job every January
“Every January, everybody reapplies for their job, and we go through an interview process again.”
Kyle Hill Jul 15, 2016 ▶ 25:01 20VC: Why Every Employee Should Re-Apply For Their Job Every Year & The Strategies To Prepare For A Successful Fundraise with Kyle Hill, Founder & CEO @ HomeHero
Insight
Kyle Hill: Friction builds trust in high-touch marketplace models
“I think friction builds trust. A lot of tech companies want to take all the friction out of a Experience, but you know, the more time you spend with someone, the more they're going to trust you, and that's very important in this business.”
Kyle Hill Jul 15, 2016 ▶ 8:58 20VC: Why Every Employee Should Re-Apply For Their Job Every Year & The Strategies To Prepare For A Successful Fundraise with Kyle Hill, Founder & CEO @ HomeHero
Disclosure
HomeHero converted 100% of its caregivers from 1099 to W2 employees
“Recently, in order to work with hospitals we decided to convert a hundred percent of our caregivers, we call them heroes, from 10 99 contractors to w two employees, and in doing that it raised the, a lot of our costs, right?”
Kyle Hill Jul 15, 2016 ▶ 9:56 20VC: Why Every Employee Should Re-Apply For Their Job Every Year & The Strategies To Prepare For A Successful Fundraise with Kyle Hill, Founder & CEO @ HomeHero
Prediction Not checkable as stated
Kyle Hill: Homogeneous marketplace workers will eventually be replaced by robots
“I look at those and no offense to any of those companies, but you could probably replace those workers with robots.”
Kyle Hill Jul 15, 2016 ▶ 7:09 20VC: Why Every Employee Should Re-Apply For Their Job Every Year & The Strategies To Prepare For A Successful Fundraise with Kyle Hill, Founder & CEO @ HomeHero
Prediction Partly held up
Kyle Hill: CMS will create reimbursement codes for non-medical home care
“I see a reimbursement code for non-medical home care being created by Center for Medicare, Medicaid Services, CMS. I think that you are going to be able to reimburse for activities of daily living, which are considered, historically have been considered non-me…”
Kyle Hill Jul 15, 2016 ▶ 27:58 20VC: Why Every Employee Should Re-Apply For Their Job Every Year & The Strategies To Prepare For A Successful Fundraise with Kyle Hill, Founder & CEO @ HomeHero
Opinion
Kyle Hill: HomeHero is not the Uber for caregiving
“Hell no, we're not the Uber for caregiving, and I'll tell you why.”
Kyle Hill Jul 15, 2016 ▶ 6:39 20VC: Why Every Employee Should Re-Apply For Their Job Every Year & The Strategies To Prepare For A Successful Fundraise with Kyle Hill, Founder & CEO @ HomeHero
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