Healthcare start-up Oscar raised $80 million at a 10X multiple. Launched in October 2013, it offers an easy-to-use website with a Google Map-style doctor-finder and a search tool that lets you describe symptoms in plain English. Other features allow you to compare prices of commodity services like MRIs and make free phone calls to doctors any time of day. Despite the high valuation, Oscar’s founders acknowledged the company has a long way to go.
There is a common misconception in the technology industry that raising capital is correlated with success. Financing is not innovation, nor should it be celebrated. On the contrary, we have a tremendous amount of work to do.
Check out the full post, Disruptive Healthcare Start-up Oscar Raises $80 Million, posted on Forbes.