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Wisp CEO Monica Cepak discusses how the women's telehealth company has built a scalable business with limited venture funding while enabling individuals to access care under a cash-pay model.
"We only raised less than $2 million in primary capital, and that is certainly unique in an environment where you see companies raising tens of millions, if not hundreds of millions of dollars in VC funding," Cepak said.
"I don't want to say that it is not always warranted, but in many cases, I think it is worth looking at your reasons for raising your capital allocation strategy and really thinking hard and critically about what you need dollars for and why."
To learn more about Wisp's approach to sustainable growth and capital efficiency, listen to the full conversation between Cepak and Jessica Hagen, executive editor of MobiHealthNews.
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Talking points:
- Women's telehealth
- Growing digital health companies
- Venture capital pros and cons
- Capital allocation strategies
- Profitability through intentionality
More about this episode:
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Wisp, Origin partner to expand women's healthcare access
Wisp, Nourish partner for GLP-1s nutrition counseling for women
Executives discuss AI reshaping the healthcare workforce, Part 2
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