Is health an industry?

THE MISSION

The Mission Newsletter, 5/7/18

HEALTH MACHINE

“Learning is always rebellion… Every bit of new truth discovered is revolutionary to what was believed before.” -Margaret Lee Runbeck

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News That Matters

Health

“Is curing patients a sustainable business model?”

That’s the question Goldman Sachs analysts posed in a recent research report after reviewing the biotech industry’s advancements in gene therapy.

“While this proposition carries tremendous value for patients and society, it could represent a challenge for genome medicine developers looking for sustained cash flow.” -Salveen Richter, Goldman Sachs Analyst

While even entertaining such a question may seem heartless, the GS analysts do make a point worth considering: Without patients to care for, how does a healthcare company stay in business? ?

Wealth

Ever wonder what the difference is between Box and Dropbox?

Chamath Palihapitiya, a venture capitalist and the CEO of Social Capital, breaks it down and shares why he’s chosen to invest in Box. (Full Disclosure: We’re longtime Box users!)

Watch the video here.

Wisdom

Is our current education model working?

It would seem not. In a recent analysis of test scores across the country, the US Department of Education found that:

“Sixty-five percent of the eighth graders in American public schools in 2017 were not proficient in reading and sixty-seven percent were not proficient in mathematics.”

Here are their findings broken down by district:

URBAN RANKING NAEP TEST
URBAN RANKING MATH

Tech Trends

Put It On Ice:

This is the story of two brothers who reinvented an entire industry by revolutionizing a common piece of tech.

“We all have ideas. But how many of us will spend years going to trade shows learning everything about an industry? How many of us will invest all of our savings into a business, and then sell that business and bet the money on a new idea? What about fly around the world… repeatedly… until we find just the right manufacturer? You get the idea.

These two brothers had put in countless hours studying their customers, they found a better way to serve them, and reaped the rewards…”

Listen to the episode.

Speaking of revolutionary technology, who is really going to win in the race for self-driving cars?

Read: Pentagon to Beat Uber, Tesla in Race Over Self-Driving Vehicles

Marketing Trends

Putting users first pays off:

In an effort to refocus full attention back onto their users, Vimeo has developed more tools to help creators.

“Vimeo expects to exceed $100 million in revenue this year and CEO Anjali Sud says their success and growth comes from a rededication to building tools that help creators make great content.” –Cheddar

Learn more about Vimeo’s newest tools and plans for growth.

Tip of the day

The Best of What We Are Watching

Riva-Melissa Tez, co-founder of Permutation Ventures and an investor in AI, spoke at the ‘Women in Tech’ conference in Berlin last year.

“I spent a lot of time thinking about the term ‘ROI’ (return of investment) and I started thinking about what does it mean in terms of ‘return of impact.’ It’s actually really hard to define the word impact, and it’s even harder to measure it. I think that’s a problem especially when we’re thinking about social impact or global impact or even gender issues. How do you measure the impact you have in a space? How do you measure inspiring someone or inspiring groups, or even doing something where we have an indirect reward?… every investment fund should be an impact investment fund.” — Riva-Melissa Tez

Watch “Find your passion!” with Riva-Melissa Tez.

Writer Spotlights

8 Ways to Develop Mental Toughness​ by Tim Ferriss

Stressed at Work? How to Get to the Root of the Problem by Patricia Thompson, PhD

Why You Should Practice Going First in Life by Tré Wee

You Are Not Broken Nor Do You Need Fixing, Just More Self Love And Acceptance by Tony Fahkry

26 Of The Most Valuable Life Lessons I Learned In A Startup. by Stephen Moore

How Highly Successful People Handle Self-Doubt by Melody Wilding

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The Business of Health was originally published in The Mission on Medium, where people are continuing the conversation by highlighting and responding to this story.

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