We are leveraging a powerful community of investors, entrepreneurs, advisors, payers, and providers to help build and facilitate advancement of your behavioral health business.
We outline the program and cover some high level themes around business model validation, pitch deck, finance, and a few others. We walk through an example of what a great pitch to investors looks like and we spend time coaching you on how to get the most out of the program while preparing you for your first pitch practice sessions.
We teach a crash course in entrepreneurial finance covering topics such as how much capital to raise, what valuation is fair, how VCs think and how they evaluate you, cap table math, financial forecasting etc. At the end of this week, we host an example modeling session where we build a current cohort company’s model live, from scratch, on a screen shared with everyone so you can learn how VCs think about forecasts and projections at startups. We provide templates for forecasting, cap tables, and more.
This week we will focus on understanding the different business models within the behavioral healthcare space, and the different go-to-market strategies in the space. This is a chance for you to dig into what your model is, what it should be, and how you can make it better as you refine your pitch.
We have a startup lawyer who conducts a seminar on the basics of “startup law.” We talk about the different structures (SAFE, Convert, Equity, etc) and the considerations between them as well as entity creation, fundraising dynamics and more. We host a second instructional session, with another lawyer, where we dig into legal structuring of healthcare companies and how that works across jurisdictions as well as how you should plan for the future when creating your new entity.
We will share our market sizing research, how we pitch it to our investors, and other resources to help you clearly define your market opportunity (TAM) for investors. This will include access to research for defending your market size answers with investors. During this phase we will also work with you to build a plan to conduct customer discovery and idea validation.
Intensive focus on putting together what you've learned in prior weeks to deliver the ideal pitch deck, unique to your business. There will be group work, 1-on-1 coaching and iterative reviews and more coaching. This week will also include a "practice pitch" where you will share your 3-minute "elevator pitch" in front of your peers for feedback from your peers, from us and from a select group of our investors.
This week is all about getting you ready for demo day, refining your pitch deck, and answering your questions as all the components of the program come together from forecasting, to business plan, customer discovery and valuation. We will rehearse your 3-minute pitch and ensure you have properly incorporated all the feedback you received to date.
On demo day, you will get to pitch to 300+ mental health focused investors including angels, VCs, some of our own investors, and many others who are supportive members of the mental health care community. Some of you will seek funding, some of you will be looking for partnerships, and some will be looking for other connections. Demo day is the perfect place to deliver the perfect pitch and find help from our community for taking your business to the next level.
Former Director of the NIMH and Co-Founder of Mindstrong
You have identified a problem worth solving, you know what you want to build, and you want to leverage our community, experience, and passion to accelerate your progress toward sales, partnerships and fundraising.
You want to help people with mental health, but you don’t know exactly what you want to build yet. You could be a clinician wanting to help more people, or a founder contemplating numerous ideas. We have a special discounted program just for you where you get to leverage our network even though you may not be ready to raise venture capital.
Our goal is the same for both people. We want to help you bring your passion to life in a business that can help save lives. You're interested in this space for a reason. This problem is personal to you, just as it is to us.
Monday Topic Sessions
Lecture sessions where we present a new topic each week (as outlined above higher on this page) that will help founders refine their business, and their pitch.
Friday Working Groups
This is a chance to gather as a group and ask questions of the What If Ventures team, tactical, or strategic, and collaborate with your peers.
Founders learn from those who have built billion dollar businesses in this space, and those who are clinical experts in the mental health field. Our founders gain unique insights, and access to the leading minds in the mental health space.
Weekly practice pitch sessions, in front of investors who have funded mental health startups, in order to get direct feedback and learn from the feedback your peers get as well.
“My favorite part of the fellowship was hearing industry experts like Dr. Tom Insel talk about their perspective on the trajectory of the mental healthcare industry."
"I learned more about the mental health space in the first 3 weeks at What If Ventures Fellowship, as an Explorer, than I have researching it on my own the last 6 months."