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Doctors, Startups and Leadership🔑 ⠀⠀⠀⠀⠀⠀⠀⠀ I get lots of messages from folks who want to get involved in startups. How do you get started? How do you think about equity? How risky is it? Honestly, there isn’t a lot of accessible knowledge out there on the subject specifically for doctors. And there is so much more opportunity than you realize. ⠀⠀⠀⠀⠀⠀⠀⠀ Background: I’ve been involved in the healthcare startup world in Silicon Valley for 7 years as a Medical Director, Chief Medical Officer, Consultant, Advisor, Medical Founder and Angel Investor in several companies. For 4 years, I was a clinical physician also working with startups. Then slowly, startups took over my whole life and it’s been great. ⠀⠀⠀⠀⠀⠀⠀⠀ Opportunity: There are so many ways that physicians can get involved (very peripheral role all the way to full time). You can offer real expertise to non-medical founders and entrepreneurs. In fact, they are often looking for you. The easiest entry point is to become an Advisor (or a consultant). ⠀⠀⠀⠀⠀⠀⠀⠀ Advisor- You offer your medical expertise/experience and network to a startup in exchange for a very small equity stake in the company. Equity means ownership of shares in the company. Anytime you’re talking about Equity, you’ll hear the term ‘vesting’ which means that you’ll ‘earn’ these shares over some period of time. And you may also hear the word ‘cliff’ which means that you have to be involved with the company for a certain period of time before your shares are accessible to you. There are also many tax implications related to equity so it’s important to consult with an accountant. Also, having a good lawyer is helpful when you’re navigating contracts and relationships with startups. ⠀⠀⠀⠀⠀⠀⠀⠀ Consultant- you work on an hourly basis and get compensated hourly. ⠀⠀⠀⠀⠀⠀⠀⠀ Medical Director- often this is a part time or full time role where you oversee a medical team of doctors, nurses, other healthcare professionals and some sort of operations or clinic setup. ⠀⠀⠀⠀⠀⠀⠀⠀ The first question to ask yourself is— how much time you’d like to commit to startups? And then, what are you passionate about finding solutions for? #startups #womeninmedicine
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I’m spending more time outside these days and loving the sun!☀️ My sister and I randomly decided to have a fun little shoot at the nature preserve nearby. Honestly, I just needed an excuse to wear my new shoes 💁🏻‍♀️ • • • • • #silvatloves #dfwbloggers #dfwblogger #dallasblogger #dallasbloggers #beigeaesthetic #beige #summer #summervibes #fashion #fashionblogger #asseenonme #ootd #ootdinspo #summerinspo #gold #whatiwore #whatiworetoday #tan #pakistani #desi #browngirlbloggers #browngirlblogs #browngirlfashion #fashiondiaries #pakistanifashion #prettylittleiiinspo
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They gon think I won a Grammy.
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First hike of the season: Abby Grind. Gotta continue the healthy lifestyle💪🏼
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