In this episode, Tommy talks with Navin Goyal, CEO at LOUD Capital.
Navin has always been driven to improve society. Prior to LOUD, Navin was a practicing anesthesiologist and then transitioned to co-founding a healthcare company in an effort to make healthcare more accessible. In addition to being an entrepreneur and investor, Navin is vocal about having a more valuable impact on the world through entrepreneurship, education, and investment.
Navin talks with Tommy about social impact investing, his journey to the venture capital space, and the benefits that surface when medicine and business come together.
“The overall learning point I really want to communicate to everyone is there are a lot of missing pieces of the pie when starting a journey. You could be a tech guy and know your product, but you don’t know how to run a business or how to manage people, or even the business development of your product. It really is just about acknowledging what you and your potential co-founders, or people in your company, have and what they don’t have, and then filling those gaps.” ~ Navin Goyal
Main takeaways
Turn intimidation into inspiration. Don’t get disheartened by your lack of knowledge or confidence. Instead, use those areas as opportunities to get motivated and improve.
The shift from medicine to entrepreneurship isn’t easy. While there’s a lot of potential for freedom and financial stability, you must be aware of the downsides, too.
All entrepreneurs need funding, and it can be challenging to raise capital. An easy place to start is to create a narrative around the value of your solution that’s enticing for your network.
If you truly want to make a social impact, it has to be about more than money. Before thinking of growth and high returns, ask yourself: does this venture help society? Does it offer solutions to society’s problems? Does it empower the minority population?
Links
Navin Goyal on LinkedIn
Physician Underdog by Navin Goyal
LOUD Capital
OFFOR Health (formerly SmileMD)
Ohio State University
University of Cincinnati
University of Chicago Medical Center
Riverside Methodist Hospital
Dublin Methodist Hospital
Wall Street Journal
Connect with our host
Mammoth
Tommy on LinkedIn
Subscribe and stay in touch
Apple Podcasts
Spotify
Google Podcasts
