Deena ShakirLux Capital · Partner at Lux Capital

Lux Capital's Deena Shakir offers her health care playbook

Name: Lux Capital's Deena Shakir offers her health care playbook
Uploaded: 2023-03-08T22:12:33+00:00
Duration: 44 s
Channel: Deena Shakir
Description: In this interview segment, Deena Shakir of Lux Capital discusses the current state of the health technology sector amid a post‑COVID environment and a…

8 Mar 2023 · 1 min

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In this interview segment, Deena Shakir of Lux Capital discusses the current state of the health technology sector amid a post‑COVID environment and a tightening economy. She notes that the pandemic generated strong tailwinds that led to a surge of venture‑backed, point‑solution companies. Many of these firms now face funding challenges as capital becomes scarce, prompting a wave of consolidation and large‑scale acquisitions. Shakir emphasizes that while not every health venture will survive, strategic positioning—such as becoming an attractive acquisition target or aligning with larger players—will be crucial for companies seeking to thrive in a recession‑proof manner.

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recession-proof, but not every health venture is going to work. So in this economy, in the situation that we're in, what's strategically advantageous?
Great to see you, John. Thanks for having me. To your point, I think we're going to continue to see a lot more consolidation in this industry and many others. But in particular, health tech saw so many tailwinds with COVID There was a proliferation of venture-backed companies, a myriad of point solutions, as they're often called, many of which are struggling now to maintain the kinds of fundamentals that are critical in this economic environment and that will be looking for a home as they struggle to find venture dollars, as capital may or may not be drying out. At the same time, you're seeing these massive acquisitions