Don Brown details the post-bubble crash experienced by Interactive Intelligence in the early 2000s.
Insight
Brown: Self-funding frees founders from answering to investors and short-term revenue
“I, you know, when it's your own capital at risk, you can do whatever the hell you want, and you don't have to answer to anybody. You don't have to be overly concerned about generating revenue.”
Prediction Not checkable as stated
Brown: Precision medicine will filter down into corporate wellness programs
“We really think this whole notion of precision medicine, precision health will filter down into corporate wellness programs.”
Disclosure
Don Brown: Interactive Intelligence prioritized acquiring distributors over tech tuck-ins
“We didn't exactly do a roll-up. We did a few tuck-in acquisitions along the way. I'm an engineer by you know, by training, and so I always think I can build something better than anybody else, and that makes it kind of hard to do acquisitions, at least for tec…”
Disclosure
Brown: LifeOmic Has Not Yet Determined Its Revenue Model
“I, well, we're still trying to figure out the revenue model. We're more concerned right now about building a cloud-based platform for precision medicine.”
Assertion Supported
Brown: LifeOmic and IU Medicine Are Modeling Cancer Patient Treatment Responses
“We're working with large academic medical centers like at all my alma mater, the Indiana University School of Medicine. They're loading up information about thousands of cancer patients to try to use our machine learning and other techniques to figure out who'…”
Insight
Brown: Most genes are shaped by environmental exposure, not pure determinism
“There are a few genes where if you've been dealt a bad hand, you know that's just the luck of the draw, but most genes really are affected by the environment, and so it's that combination of your whole genome sequence and your environmental exposure.”