In this episode, Hall welcomes Dr. Orrin Ailloni-Charas of RedCrow, a healthcare-focused, early-stage startup investing network. Orrin's background in medicine led to consulting roles with various healthcare startups. He received his MBA from Columbia, and now has a career straddling both the business world and medial and clinical world.

Orrin explains how RedCrow incorporates crown-based evaluation and analysis to fully validate startups. Orrin talks about the environment of innovation in healthcare. He explains some of the advantages and challenges of investing in healthcare, and the importance of understanding the startup's competitive, regulatory, and capital risks. For healthcare startups, Orrin emphasizes the importance of good IP with strong protections. He also talks about the advantages of good partners, and how capital risk is a particular risk in the healthcare industry.

I’m often asked when you should raise funding.

There are funding requirements to consider. Calculate your cash burn and estimate the need for new cash.

There are also preparation and timing issues.

Start your preparation six months in front of the launch

Launch your fundraise six months before you need the funding.

Use the six month preparation time to introduce the deal to the investors and educate them on your current status.

There are seasonal issues to consider. I wouldn’t start in early June but rather wait till late August to kick off a campaign.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today!