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38. Becoming a Zen Master
Episode 3816th August 2022 • META Woman • Holodeck Media
00:00:00 01:02:18

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Swatee Surve, Founder and CEO of Litesprite, joins the show this week. Litesprite is a new way for employers and employees to experience mental health benefits through an interactive environment that teaches people how to master their own zen. Swatee and I discuss mental health, what it's like working in the healthcare space, fundraising, revenue models, and plenty of stories about life and learning.

Episode Resources:

https://venturebeat.com/2022/05/14/how-game-leaders-can-change-systems-to-improve-employee-mental-health/

https://venturebeat.com/2022/03/19/swatee-surve-interview-showing-gratitude-to-your-friends-in-a-game/

https://venturebeat.com/2019/11/10/litesprites-game-for-treating-depression-gets-an-endorsement-from-bayers-startup-accelerator/

Transcripts

Unknown:

Welcome to the meadow woman podcast. We address the

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issues, opportunities and challenges facing women in the

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development of the metaverse the biggest revolution since the

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internet itself. Every week we bring you conversations with top

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female talent and business executives operating in the

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gaming and crypto industries. Here's your host Lindsey, the

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boss POS, the metal woman podcast starts now.

Lindsay Poss:

Hello, and welcome to the metal woman podcast part

Lindsay Poss:

of the holodeck media Podcast Network. I'm your host, Lindsey,

Lindsay Poss:

the Boss Boss and from struggle to success. We're covering it

Lindsay Poss:

all. It's all returning listeners. Thank you for

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listening to my voice week after week. Thank you for sending me

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messages. Keep

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doing that.

Lindsay Poss:

And for all the new listeners welcome. I hope

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you enjoy it. I hope you'll go back and listen to more

Lindsay Poss:

episodes. I hope you'll listen to future episodes. I hope

Lindsay Poss:

you'll join me. As many of you know, one of the many things I

Lindsay Poss:

like to cover on the show is how to improve mental health, and

Lindsay Poss:

just how to deal with bad days and struggles. That's why it's

Lindsay Poss:

from struggle to success and everything in between. But for

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that reason, I'm excited for today's guest swatches survey.

Lindsay Poss:

SWATI is founder and CEO of light Sprite, which is a new way

Lindsay Poss:

for employers and employees to experience mental health

Lindsay Poss:

benefits. SWATI Welcome to the show. I would love for you to

Lindsay Poss:

introduce yourself and give I can't do the perfect

Lindsay Poss:

introduction here. Right. So it's up to you tell me who you

Lindsay Poss:

are, and let everyone know what you do and, and what lights it's

Lindsay Poss:

all about. Sure. Um,

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so I'm the founder and CEO of lights bright. And I'm an

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engineer by training. So I have a bachelor's in Biomedical

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Engineering, and I have a master's in mechanical

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engineering. So I'm I like to build things and I like to

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create. I'm a bit of a tinkerer. although probably not as good as

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I would like to be like, because I have a tendency to take things

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apart. But I can never put them back together again and get them

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working again. I tried to do that with time. I'm gonna really

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I'm gonna really date myself because I'm really old. But I

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was trying to I got really curious about an answering

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machine one time, and I thought it'd be fun to to disassemble

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it. I couldn't put it back together.

Lindsay Poss:

Yeah, that's a new one. Yeah. Old school. No, no, I

Lindsay Poss:

just mean, I would I never looked at an answering machine.

Lindsay Poss:

My parents take you apart. It's one of those things.

Unknown:

So um, and for me, what I've really been what's really

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driven my personal interest is that intersection between health

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and technology, and how do you create technology that people

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can use for themselves to to take them take care of their

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health and improve it. And that's really been my passion,

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hence, the biomedical engineering and even when I was

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doing mechanical engineering, it was around biomechanics. So

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studying how people walked, for example, so and my roles I

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before launching lights bright, I worked in a variety of

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corporate roles, but these were a little different. I was

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working in a large company. So I started my career at Nike,

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excuse me at Kodak. And I was recruited by Nike. And and then

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I also worked at Microsoft and it T Mobile, or some some some

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of the global brands that I've worked at, I've worked with a

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lot of I've also worked in nonprofit and radio. Yes, so

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I've done that. I was doing business development, or Public

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Radio International. And I've done a smattering of things

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before launching into LightScribe. But the core core

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focus that I had, was really about are the roles I was

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playing was around incubating and creating new ideas or

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business opportunities for all of these organizations. They

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were at inflection points where they knew disruptive technology

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was coming down the pipeline, and they want to position well

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to take advantage of those revenue for the company. So So

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these were generally incubation groups, research in research

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labs. That's where I came but I was an entrepreneur in

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residence. So not just in I was focused on that intersection of

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outside of the radio, one that can't really do help keep focus,

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but most of the other ones were all focused at the intersection

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of healthcare and technology. And and how do you create

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products? How do you create businesses? How do you

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commercialize these emerging innovations? Also, from a

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business strategy perspective? What if, if Nike, for example, I

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was recruited to work on wearables? So what's the

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company's position in that in that space? Now, mind you? This

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was in 2001. There was no quick technology.

Lindsay Poss:

That's true. Yeah, it was a little bit before then.

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Yes, we wouldn't be another full 10 years before

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with with proliferation of mobile and adoption of mobile,

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that you would see that opportunity come up. Right. But

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but those were the kinds of questions I was talking about,

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those were the kind of the strategic trade offs and, and

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proposals we have to make, generally, to senior leadership.

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So it positioned and I even worked in an insurance Health

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insurance company, right before I launched lights, right. So and

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that was also to help them with the ACA, I was in corporate

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strategy and helping them figure out how to respond to the ACA.

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So it was a lot of that, you know, in what that all of those

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things taught me was a couple of things, it taught me how to

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evaluate an idea identify, like, an opportunity for the future, I

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apparently was good at it, which is why it kept getting these

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rolls.

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That's always good. Yeah. And so

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um, and, and I also gained really, depreciation of the wall

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technology hasn't doesn't have if you're especially trying to

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address health issues and health concerns. Because those roles,

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it wasn't just consumers, I would talk to talk to doctors, I

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would talk to health care system, I would talk to

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insurance company, executives write in, in a variety of, in a

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variety of ways release different roles. And, and I

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really began and I talked to patients, right. And so I really

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began to get a deep understanding of not just the

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business challenges in healthcare, and that's hard.

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But, and those are complex, but also, what does a patient

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ultimately, which is always been my thing, so I just to help help

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the end user help the patient case. And so and, and what I

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found, is that it's individual motivation, not the technology

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that really matters. So the technology that enables

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inspiration empowers, it makes things easier for patient, then

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you're gonna start to see that behavior change, and they're

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gonna feel like, and they have the tools at their disposal to

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make the changes. So seeing that, and then, when I was doing

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and it was, like, all along, I was always tinkering on the side

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trying to figure out, well, maybe I should do my own thing.

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And there were a couple of ideas which, which are, frankly, are

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billion dollar business ideas now. Which is fine. But I

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didn't, I didn't feel like I was the right person. For those. So

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like, in 2001 2002, I was thinking, well, wouldn't it be

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great if you could

Lindsay Poss:

rent clothes? Yeah. And I'm like, I'm funny.

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And I'm like, you know, I really don't. And at that

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time, you know, you really kind of had to go to centers where

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things were in my vision of it was, you know, I just don't want

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to live in New York. I like it. I was in upstate. So, like, I'm

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not, I'm not a Sex in the City kind of girls. So it's cool.

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It's cool to visit. I love it, but it's me and I grew up in

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Chicago, right? Like, I'm a Midwestern er, so was it like a

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big city was out of out of out of something I wasn't familiar

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with, you know, and I guess I went out and lived in upstate, I

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go up a lot. I go down to the city quite a bit, so I knew it,

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but I don't really know when I'm not feeling it. So. But yeah,

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that's, that's I think,

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I mean, for that to

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happen. I just couldn't figure out like, for me, like, I just

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didn't feel like I was the right person for that idea. And I was

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like, um, I don't, I couldn't figure out the logistics. From

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logistics behind that, I'm like, Wow, this would be really,

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really hard. It's gonna take a lot of money. I don't have money

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and time you think it's hard fundraising now, back then they

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weren't, you couldn't even get a meeting with like an investor,

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right? Like, if you're a person of color level, like they

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weren't, they weren't, they would. If I talked to investors

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back in the day, I would have to wear a wedding ring just to make

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sure that they would behave properly and even then they

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wouldn't necessarily Oh, yeah, I'd have to, like fake a wedding

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ring. Um, some of the questions I would get asked. Were pretty I

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mean, you know, we've all heard the horror stories, right? And

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then that that's the way it was just like I like I don't do

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house. Those are one of the ideas that I had. But back to

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lights bright. I had seen some of the early indicators. In in

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2000, there were some peer reviewed journals talking about

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gaming improving. In that case, it was in this is a very, very

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well known, published study in the community. It was a video

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game called Snow World, and it helped burn victims do their

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physical exercises without without any morphine. And it

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was, right. So I'm like, how someone's going to make this

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happen. It's going to come right. And you know, that was

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2010 years later, still haven't seen anything. And we comes out,

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X box with Kinect comes out. And I'm like, hasn't this taken off

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yet? Right? And the nicey? Or, like, Okay, well, consumers

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certainly want it. Right. They're buying units and all

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that. So like, okay, and, and then when I started doing more

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research and reading the papers, I saw that gaming could in fact,

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improve health outcomes, but they weren't focused on that.

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Those were all physical games. Very few were focused. And those

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are mainly like for health reasons, like healthy games,

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extra gaming, as they call it, but very few, if you look now,

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from the business side of healthcare, where the cost is,

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and where the problem is, is people have a lot of chronic

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issues and are really sick. They're the high cost dividuals.

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So no, looking at that. So I said, Well, what if we created a

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platform, that could be games that could actually help with

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help people with chronic conditions? And, and then

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looking at that, and now this is 2013. So no one's really

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thinking about mental health at this point in time. And, in

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fact, a lot of people like Why Why are you doing mental health,

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like, cares about that?

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That was the reaction, right. But it was an underserved

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year in industry, from many perspectives from a technology

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perspective. It but it also made it harder to create a business

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because the backing was there, even the healthcare community

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wasn't. But I said, you know, I think there's an opportunity

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here. And so we started working in mental health as the first

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start. Now, the other component highlights, right, that's also

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equally important is that the games themselves collect

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valuable data that we can give back to the provider, or the

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insurance company, or even the employer in an anonymized secure

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fashion to ensure privacy. And then that data is used for

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remote patient monitoring, it can be used to help with member

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experience, it can help employers address burnout with

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employees, especially in hybrid environments. So so there's a

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whole data channel and what can happen is over time, with the

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high the unique data that we collect, we can actually start

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to build models that can be used and in for predictive risk for

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predicting risk. And in the case of mental health, predicting an

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individual who may be have may be at risk for suicide.

Lindsay Poss:

So that's how I got started.

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A little meandering here and there. But a common

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thread and and so I've been doing this since what 2013 Now,

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I'm bringing it to the forefront. And

Lindsay Poss:

so tell everyone a little bit about what lights

Lindsay Poss:

brick does and how it works. I know you mentioned some of the

Lindsay Poss:

things that I can address, but I want to get into like how you

Lindsay Poss:

actually are able to then service people Sure.

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So with mental health, we built a clinically validated

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mental health video game called Sprite. And what that does is

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it's a, we call it it, the format of the game is called,

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it's a player driven world exploration game, or choose your

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own adventure, more commonly known. And we have a little

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protagonist sauce, sacrifice success with me today. I'm

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keeping the company. But socks wants to be a Zen master. And so

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what happens in the game is that players learn a range of skills

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as they help stocks as investors. So and that's the

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unique piece of this is that we actually are teaching skills,

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but we're not focused just on one. But we are presenting a

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range and we teach by doing, we don't teach by, by lecturing, we

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teach by doing. As when one player who said to me, I have

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had anxiety all my life, and struggled with it, I've used all

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the apps out there, all the meditation apps, they don't

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work. But in yours is the first one that doesn't even talk about

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stress, you just get in there and do things.

Lindsay Poss:

Oh, I see. Okay. So don't talk

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about it, which is not strictly and it actually doesn't

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stress me out using this app. Okay, so So that's the player

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experience. Right. And so, and these techniques that we teach,

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we teach a range, as I mentioned, and those are

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journaling, there's diaphragmatic breathing, there's

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meditation, there's a multiplayer experience with

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gratitude. So it's a range of skills that we teach. And these

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are all evidence based, and, and mindfulness strategies that are

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proven to improve stress, and reduce stress and improve

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anxiety and depression symptoms. And then, the other way the game

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works is that the framework that all of these experiences, we

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have mini games, so we teach these in the form of mini games,

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the mini games themselves, sit on a framework, which is called

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Bandura, social cognitive theory. And that's designed to

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improve a player self awareness and their self efficacy. So what

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ends up happening is, as I said, we teach by doing. And the other

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other piece of it is that it becomes an experience and a

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place for

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people to go.

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And so people say it's a place for me to go, it's a place for

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me to explore, it's a place for me to process my emotions in a

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way that, that I can't anywhere else in a non judgmental way.

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It's at my pace, I direct it. So that's how Cinna sprite works.

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And it's easy. It's meant to be done in less than five minutes a

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day. Whenever you know, and that's what we've seen. Speaking

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of New York, I have a lot of friends in New York, I love

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them. And I've heard some reports where people have been

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able to do some meditation while on the train or the bus. So some

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high high, high traffic high noise area, but it's, it's

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pretty easy to implement. And that's the point of the

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experience

Lindsay Poss:

itself. And can you go over how you actually get

Lindsay Poss:

it to people, because I think this is one of the unique parts

Lindsay Poss:

of how sim sprite works. I know that you go through employers

Lindsay Poss:

quite a bit. So how did that didn't first move on by model?

Lindsay Poss:

And then second, can you talk about why you chose this method?

Lindsay Poss:

Or how that came about?

Unknown:

Sure. Um, yeah, that's an interesting one, because

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everyone always asked us, they think we're a consumer company,

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consumer facing company, but most healthcare startups for

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their real monetization model, they're generally enterprise. So

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they're gonna sell to one to three customers, we're gonna

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sell to an insurance company, they'll sell to a health system,

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or they will sell to an employee. And so, um, and, and

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prior to the pandemic, where we were seeing interests were from

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health systems, or providers and surance company. So that's what

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we're focusing on. And frankly, a lot of the work that we were

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doing. We were, you know, our clinical validation, our the

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work that we were doing around, even getting paid and the

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reimbursement pathways. That was all to address those, the needs

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of that customer base. But then when COVID hit me ended up we

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start getting inbound requests.

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And they were saying,

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and I'm sure everybody has experienced this themselves,

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where they saw a lot of people were really struggling in 2020.

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And in for good reason. It was not a great year. And a lot of

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ways, so. And so we said, Okay, well, maybe there's an untapped

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business opportunity here. And and we continue to get inbound

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requests. And so, so we're now offering, we have a free version

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that anybody can download on the App Store or send a sprite. And

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maybe you can include those in the links or something. Yes,

Lindsay Poss:

absolutely.

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But, uh, but we have a free version. So that part of

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our mission to make sure everybody has access to some

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tools is there. And then we have an enterprise version for

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employers that they can then roll out to all of their

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employees.

Lindsay Poss:

Okay, and can you tell me about how you decided to

Lindsay Poss:

go with that model? We're, well, I guess a better way of saying

Lindsay Poss:

it is, what are some of the benefits and drawbacks of being

Lindsay Poss:

an organization that works on the employer to employee side

Lindsay Poss:

rather than kind of more direct? Like, and I know you have

Lindsay Poss:

personally Absolutely. Now, which is awesome. And what are

Lindsay Poss:

kind of the benefits of doing the health insurance way? versus

Lindsay Poss:

going straight to the App Store? Yeah, um,

Unknown:

I honestly, it's very difficult to so I'm, I'm a I'm a

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cuz Believe it or not, I'm a really conservative when it

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comes to like, commercializing a business. I am much to the

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probably irritation of some of my investors. I believe I want

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to build a sustainable business that will generate revenue, and

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will I build, I want to have a legacy, I want to build

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something that will last that will have some some longevity,

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right? I'm not here to pump up a company, you know, get the

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valuation pumped up, and then you know, exit, and then there's

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no product again, that's because I'm an engineer. I want to build

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If I build it, a lot people use it. And it should work. And it

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should, it should be a quality, right? So if you look at this,

Unknown:

I'm really conservative when it comes to also like launching a

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business. I've never frankly, understood the unit economics of

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how app based in even traditional Gaelic, I know how

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traditional games work, like traditional games, that's a

Unknown:

different story, right? Like, I totally get what it like when

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you talk about mental health resilience, or these health apps

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and stuff. First of all, in healthcare, nobody pays for it.

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Believe it, it's ironic. No one will pay for anything,

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especially in the US. Because the assumption are they did well

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my case, I paid my insurance for this. Right. So that's one

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thing. So it's very hard in health and well being to

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monetize. And now if you talk about an app, what are you

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monetize it? Right? Okay, like what's, what are you actually

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what's the consumer paying for? And so, a lot of these

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companies, they end up in this content model, where it's, Hey,

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we've got this new thing for you to listen to, we've got load,

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right and it's content. II teach by doing we don't teach by

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telling, we teach by doing. And so in I just couldn't I just

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honestly couldn't get the unit economics. Like in my head. I'm

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like, I don't understand the amount of marketing you have to

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spend. Now granted, interestingly enough, our

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marketing when we did we did some trialing on Facebook,

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right, just just the general responses and, and one of the

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things about Healthcare's, you have to run dual paths, because

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your buyer is ticked generally, like even an employer, they're

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less conservative than an insurance company or health

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system. Right? And understandably so, right.

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because there's risk associated, especially when talking about

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mental health, like there's good reason for the Conservatives not

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saying that, but when the buyer is that conservative, you have

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to de risk. And the way that you have to de risk is to show that

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look, people will use this, right? So you have to run a

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parallel path. And it's kind of funny, because it wasn't until

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even two or three years ago, not even, probably in the last year

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or two, have people even appreciated that you additional,

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like a nursery point for healthcare startups, because

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they were always like, pick one or the other. And the reality of

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it is, is to healthcare shops have to run both. Because they

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have to show the buyer here, here's what the end users thinks

Unknown:

and b2b etc. Right? Yeah. Right. But but there's no, it's a

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leader to show adoption. So when we ran Facebook ads, for

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example, at one point, it was pretty interesting, because our,

Unknown:

our user acquisition costs were a third of the industry average,

Unknown:

a quarter to a third. And there were so much word of mouth. It

Unknown:

was it was pretty, it was pretty, pretty cool. Um, the

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question, and we even got a couple of conversions. Right?

Unknown:

But how much we we didn't get a chance to complete the

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experiment to figure out how much would we need to, you know,

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convert for subscription. But, but the reality of it is, is,

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you know, like, you're hiring someone, you're running the ads,

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you know, our price point. Commercially, it's like, it's

Unknown:

$120 a year subscription. That's, that's more than a

Unknown:

Kindle. Less than a therapy session, but more than a Kindle.

Lindsay Poss:

You know, the buyers,

Unknown:

I don't know at all you might get we always get

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subscriptions are lasted maybe two or three months, which is

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fine. Right, which is fine, too, we have a monthly and that's

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okay, we want to be available for folks. But but as a

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business, that's not going to give you sustainable revenue.

Unknown:

And again, the amount of marketing that you need to put

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into it. It's substantial, unless, you know, we can get and

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generate buzz and word of mouth. But But what's the conversion,

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and a lot of these other companies, typically in the

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consumer space, especially when it's app based or digital have

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some source important digital service, their assumption and

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just like games, their assumption is you got a bunch of

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people who, like active users who don't pay. And so your trick

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is to keep these guys on platform and active, and then a

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couple of them will pop up. Right? That will be your super

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fans, and those are the ones that are going to spend tons of

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money but like, what tons of money are they going to spend? I

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don't really want to start upselling people, like maybe

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it's different expansion packs, right? Breathing exercises, or

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other things to do and learn, right? You know, you can imagine

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those kinds of things. But it's, that's a that's a whole

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different undertaking. Whereas if you go enterprise. Now,

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again, you have to answer things differently, you have to have

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different protocols in place, you know, in consumer privacy is

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is absolutely a concern. But if you're working with a health

Unknown:

system or insurance, right, then you definitely need to think

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about HIPAA, employers definitely do not contrary to

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popular belief, they do not want to seek personal information of

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their employees, right? They what they want to do is, excuse

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me, what they want to do is get information so they can be

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responsive to them. Right. So but you know, we need to talk

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about that, and how are we offering that? And then there's

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different questions, but how do you deploy? How do you scale?

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How easy is it to implement? So those are the things that that

Unknown:

you have to answer on the enterprise side, but it gets it

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helps in a mind you. A lot of digital health companies,

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especially in the mental health care space now are targeting

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employers so so it's a very, very competitive and crowded

Unknown:

space. And that being said, we hear time and time again that

Unknown:

this solution is like nothing that people have seen before.

Unknown:

Even in the crowded space, and when they look at our numbers

Unknown:

and metrics, and how we're able to perform against industry

Unknown:

standards. It's it I had a I was on a customer call just

Unknown:

yesterday and they're like they're against that made you

Unknown:

the benchmarks? It's not that not that high of a hurdle to

Unknown:

overcome, right. But the benchmarks but this one employer

Unknown:

was saying, you know, we have tried a lot of things, employees

Unknown:

don't use use it, but we know they're struggling, you know,

Unknown:

center concern, their concern is that if they offer something, we

Unknown:

want people to use it, right? It's like, why am I going to

Unknown:

like, right? Like, if you buy something for yourself, you

Unknown:

know, whether it's an app, or a peloton bike, or you know, that

Unknown:

new, new new gadget for your kitchen? I think most people

Unknown:

most most will be like, well, am I going to use it? Is it worth

Unknown:

the investment? Right, and the employer is going to ask the

Unknown:

same thing. So they want to make sure people are using it. And

Unknown:

they're saying, you know, we've tried a lot of different

Unknown:

solutions in no one's adopting it. And then when I showed them

Unknown:

the results of what we were able to do for another client, they

Unknown:

were like, Oh, wow, that's pretty impressive.

Lindsay Poss:

Um, so I want to just make sure that this this

Lindsay Poss:

point is kind of clear. But what I'm hearing the difference

Lindsay Poss:

between kind of building something from the enterprise

Lindsay Poss:

from that side versus going straight from business to

Lindsay Poss:

consumer on that side, is you might not have as faster

Lindsay Poss:

explosive growth on the enterprise side, but we've have

Lindsay Poss:

as a more sustainable and consistent revenue model that

Lindsay Poss:

depends a little bit less on user acquisition and marketing.

Unknown:

Yep. Right. And here's the other important point.

Unknown:

Your

Unknown:

lifetime value of your consumer has to be higher than your

Unknown:

customer acquisition. So like, for example, when they call them

Unknown:

whales in games, right? They'll spend 1000s. Right? I was on a,

Unknown:

I was talking to somebody and he's like, Yeah, I he knew

Unknown:

someone who spent $30,000 on a

Unknown:

game. Okay.

Unknown:

I'm on another note, I was on Twitter. Don't ask me why this

Unknown:

showed up in my feed. But there was the Kim Kardashian mobile

Unknown:

game, that's how she actually got started was Yeah, right.

Unknown:

I remember that one.

Unknown:

While still going. And, and literally just this was a very

Unknown:

recently, like, within the last week of Twitter was like, I

Unknown:

spent hundreds of dollars on it.

Unknown:

Right. So what are you benchmarking against? Like? And

Unknown:

what's, what's the average lifetime revenue of user? So,

Unknown:

and and in consumer, like, for most apps, it's just really hard

Unknown:

to recoup those costs, like the willingness to pay doesn't cover

Unknown:

the cost to get the user.

Lindsay Poss:

Gotcha. Jarick sense. Okay. Right. Yeah, that

Lindsay Poss:

massive question.

Unknown:

Right. It just, it's, I haven't been able to see it add

Unknown:

up, you know, and I've got some friends who are really smart.

Unknown:

You know, and actually, I had one friend, who is a partner in

Unknown:

McKinsey, fairly smart guy, went to business school with him. I

Unknown:

also did my MBA at the University of Chicago. And so,

Unknown:

I, I know, he's gay, what do you do? Oh, I'm doing my app and you

Unknown:

know, hanging out doing what's right, and, you know, just

Unknown:

grinding it out. And you know, and he starts asking all these

Unknown:

kinds of questions and stuff and then at that point, and I didn't

Unknown:

know this, right, um, but I guess he was just kind of

Unknown:

interviewing me and doing his due diligence to see if maybe he

Unknown:

wants to invest doesn't tell me this. Right. But okay, that's

Unknown:

fine. And you know, I'm, I don't want to say I'm naive, but I'm

Unknown:

not one of these people who like I just don't have time and I

Unknown:

don't mind mind does not hardwired to be like what's

Unknown:

their angle and try to figure out what they're doing. I'm

Unknown:

like, Oh, he wants to talk and he wants to talk about okay,

Unknown:

fine, right, like and at one point, you know, I remember this

Unknown:

I was getting pushed by a lot of people several years ago to go

Unknown:

direct. I was getting pushed by a lot of people, even some of my

Unknown:

strategics strategic investors so we in life, right we have now

Unknown:

we have five at the time we had four but I'm So our strategics

Unknown:

include ARP, they include Bayer pharmaceuticals and includes

Unknown:

next Q jumpstart foundry tabula rasa. So and, and you know, now

Unknown:

mind you none of these people where I was getting these this

Unknown:

direction from super smart, highly qualified, worked in

Unknown:

great companies with great positions, none of them ever

Unknown:

built anything or launched anything. And everything of

Unknown:

their advice was what they were reading and seeing it was very

Unknown:

academic. Right? Because I just went through this math in my

Unknown:

head about how the hell you're going to make money. Right?

Unknown:

Because, again, I want a sustainable business. So, and

Unknown:

especially in the reason another reason I have to do that, as a

Unknown:

woman of color, raising money is always a challenge. So I have to

Unknown:

be

Lindsay Poss:

willing to ask you about that. Yeah.

Unknown:

So I have to do that on my own. Okay, and then you know,

Unknown:

and then I always get the oh, well, you're not selling it easy

Unknown:

enough, or you're just not a good salesperson or whatever.

Unknown:

And I'm like, Yeah, that might be the case. And if that is the

Unknown:

case, then there's even more reason that I need to make it

Unknown:

more sustainable on my own. Right? If I'm a shitty salesman,

Unknown:

okay, fine, then that's even more reason why, if I have that

Unknown:

weakness, then let's solve the weakness and other way rather

Unknown:

than you know, upping my my showmanship skills or whatever

Unknown:

presentation skills or whatever it is, right. I'm generally

Unknown:

think is the case, frankly, but so, so, um, so he, so I'm

Unknown:

getting a lot of this advice, especially around this time, it

Unknown:

was very, very frustrating for me, because, you know, I'd ask

Unknown:

these people, and then it gets these weird questions to like,

Unknown:

what can you scale? And you know, I'm a technologist, and

Unknown:

I'm like, it's on the App Store. So when someone tells me and

Unknown:

asked me that question about scale, I think can you reach can

Unknown:

your technology support? Will the infrastructure crumble or

Unknown:

break down? Do you have a break points, right, or response time

Unknown:

gaps, right, like, that kind of stuff? Does the app crash,

Unknown:

right? Is there UI UX issues that make it hard on board? Like

Unknown:

very product centric stuff? back end stuff? And like, what are

Unknown:

they talking about scale? I'm like, like, we're global. And we

Unknown:

have global users like, so. So then, some of this is gonna come

Unknown:

together in a second. Um, it wasn't until so this was like

Unknown:

three or two, right before the pandemic 20 2019 or so. Right?

Unknown:

2019. Right. And it wasn't until this past few months ago. Did I

Unknown:

realize what some of these people were asking about?

Unknown:

Because I think I asked about it, or somehow it came up. When

Unknown:

they talk about ability to scale they were talking about the fact

Unknown:

that you didn't raise I haven't raised in their minds mind. We

Unknown:

didn't raise enough money. Stability to scale means Have

Unknown:

you raised enough money

Unknown:

to grow your team.

Unknown:

As far as they were concerned, yeah. And so when you hear a

Unknown:

question, and you don't understand what the hell they're

Unknown:

talking about, ask them. Because I have never heard up until this

Unknown:

point. Now, mind you, right. This was just this. I've been

Unknown:

doing this for nine years. I've never heard an investor. Talk

Unknown:

about ability to scale, translating into how much money

Unknown:

have you already raised? So can you grow?

Lindsay Poss:

Up? Yeah, that's an interesting metric to use. I

Lindsay Poss:

was going this actually leads in quite nicely, but I was going to

Lindsay Poss:

ask you, and this is obviously, I mean, this, this follows along

Lindsay Poss:

the same lines. But you have been working on Whitesburg and

Lindsay Poss:

working in kind of startups for a bit now, how has how have

Lindsay Poss:

investor relations change as a woman of color and even just

Lindsay Poss:

even just in the environment in general, because we had

Lindsay Poss:

obviously an explosion in tech growth in the early 2010. And

Lindsay Poss:

you're right, it was totally all about growth. It was how fast

Lindsay Poss:

you grow. How fast you grow, was not about sustainable revenue

Lindsay Poss:

model at all. Oh,

Unknown:

I call it the stuffing the goose theory.

Lindsay Poss:

But how has How have things like changed over

Lindsay Poss:

time and what has been better or worse different than you've seen

Lindsay Poss:

and especially for people who are looking for funding Right

Lindsay Poss:

now, what are some of the good things? And some of the

Lindsay Poss:

challenges?

Unknown:

Yeah, yeah. I'll get to that in a second. Can I finish

Unknown:

the other story too? Absolutely circular. But yeah, but but the

Unknown:

other thing, so I was getting this from friends, right? I'm

Unknown:

getting this from friends I'm getting like go to direct

Unknown:

consumer. In my one friend then finally tells me and this will

Unknown:

also segue into this next question. He's like, well, then

Unknown:

he finally real reveals his cards. Well, I was thinking I

Unknown:

was going to invest in you, but I don't think you have a

Unknown:

business model. And I think I think you're gonna fail. Oh, and

Unknown:

about two months later, we got our strategic investor from

Unknown:

investment from bear. Wow. And it had I followed the guidance

Unknown:

and advice from all these Well, meaning, but frankly, people who

Unknown:

just really didn't understand the space we're in and what

Unknown:

we're trying to do. I wouldn't have been positioned to get that

Unknown:

strategic investment. Because we did a lot of clinical

Unknown:

validation. We had done a lot of work on how does it get paid?

Unknown:

The back end and the data, right? I mean, as a result, now,

Unknown:

we'd won at that point, like 25 Global Health Innovation Awards.

Unknown:

Now we're over 30, including the first video games when a Surgeon

Unknown:

General, right. And mind you, you know that he was one of the

Unknown:

first, right, but I continued to get these kinds of comments from

Unknown:

people. Right, and it was a constant diversion, frankly, and

Unknown:

it was attacks because it was diverting my attention from what

Unknown:

I really needed to do. Which was broke business. So how have I

Unknown:

seen things change? Well, I mean, some of this is really

Unknown:

personal, right? Like, some of this is going to be so dependent

Unknown:

on the individual. where you're coming from how, you know, just,

Unknown:

frankly, your style and how people react to the style.

Unknown:

Right. So I'm, I'm pretty good Garius as you can kind of pick

Unknown:

up

Unknown:

I have an idea of what you might

Unknown:

be reserved person to begin with. Um, it's because I become

Unknown:

less reserved, you know, when I was in corporate, I could, you

Unknown:

know, button it up, and I can still snap into it, right. But

Unknown:

the time constant on that has gotten much less. To button it

Unknown:

up, so to speak. Um, no, but you know, I, I'm pretty good. Arius

Unknown:

really approachable. I don't take myself too seriously. You

Unknown:

can if you're doing what we're doing, right, and I'm fairly

Unknown:

empathetic, right. And I think, for a lot of people that for a

Unknown:

lot of people in the business context, there's an I got this

Unknown:

more in corporate that oh, she's superficial, she's frivolous,

Unknown:

she's not serious. And that was far from the truth, right? Like,

Unknown:

if you look at my background, the organizations I've worked

Unknown:

at, you look at the schools, I've gone to the performances, I

Unknown:

formance. I've driven for those organizations, the best

Unknown:

practices, I've set up the recognition I've gotten, that's

Unknown:

far from the case, I just don't need to wear it on my sleeve as

Unknown:

a badge of honor, saying, hey, here I am, I'm more interested

Unknown:

in learning from people and I'm more interested in contributing,

Unknown:

rather than talking about stuff accomplished. So, um, so I think

Unknown:

so some of these, so this is just context to state, what I'm

Unknown:

going to share is probably, it may or may not apply to others,

Unknown:

right? Because I have a very different personality. I grew up

Unknown:

in engineering, right? So I was always surrounded by guys. Some

Unknown:

of them were asshats. But a lot of people are really nice. And

Unknown:

and for the most part, you know, I had some challenges, like the

Unknown:

traditional challenges that a woman engineer would have. And

Unknown:

you know, I started my career in manufacturing at Kodak, for

Unknown:

example, working on like, I was really fascinated again, by

Unknown:

manufacturing, and this really cool automated robotic wide

Unknown:

stuff like cameras, the little disposable cameras, which I

Unknown:

guess are retro now. So, but But you know, and I just thought

Unknown:

that was like the bee's knees at that time. And, and that was a

Unknown:

tough environment. Um, so So you know, I got some You know, a

Unknown:

thicker skin? Potentially? I would say I'm very objective in

Unknown:

my, again, very processed and sort of analytical, some very

Unknown:

systems, very objective in my decision making process my

Unknown:

judgment, right, so I'm going to bring that to the table. Um, so

Unknown:

So um, so when I started, I did not have any delusions, like I

Unknown:

just assumed I wasn't going to no one was going to give me

Unknown:

like, that was my blanket assumption when I launched.

Unknown:

There weren't that many women of color watching companies. Right,

Unknown:

let alone in health care. I mean, it started happening,

Unknown:

right, which is great. Great. And I'm glad I'm at least part

Unknown:

of that cohort, and not even earlier on because it would have

Unknown:

been, Oh, I think I think but even then, you know, I was

Unknown:

trying to network, I'm in Seattle, so it was trying to

Unknown:

network in the community there. It's a community that

Unknown:

understands business enterprise software really well. Health

Unknown:

care was something which to my mind, I didn't really understand

Unknown:

why they would shy away from it. It made no sense to me

Unknown:

personally, but it was just something they were very

Unknown:

hesitant to delve into. At the time, if there was healthcare

Unknown:

investments, it was med devices, digital health was still new.

Unknown:

And frankly, it was dismissed. It was rather late, even even

Unknown:

the healthcare investors, you're all that's not a real like it

Unknown:

even today, frankly, I am still, it's still frustrating to see

Unknown:

how it's still not considered at least in this region. A separate

Unknown:

it's, it's acknowledged as a separate vertical within

Unknown:

healthcare. Even though the rest of the country in the rest of

Unknown:

the world kind of has figured that out. That seems to be a

Unknown:

challenge here for this reason, region.

Lindsay Poss:

And so when I was

Unknown:

launching, I would go around, um, I had not in my

Unknown:

career, I had leadership roles, I had just started to get into

Unknown:

some of the management roles as well, right. Early on in my

Unknown:

career, I was actually I had a, I was on a fast track, and then

Unknown:

the recession hit two recessions hit right, or No, I was the one.

Unknown:

And that just kind of derailed everything. Right. And so then I

Unknown:

had to, like rebuild from that point. And incorporate that was

Unknown:

also one of my frustrations is that I wasn't being saved. My

Unknown:

accomplishments, my capability, I wasn't. I was also in very

Unknown:

hyper competitive environments, and I just didn't do well. I

Unknown:

don't like I didn't like it. I don't like hyper competitive,

Unknown:

I've been in enough of them. And that's not the way I want to

Unknown:

spend my life. Again, I'm a builder. Right, and you don't

Unknown:

build things by competing against. So it wasn't an

Unknown:

environment that and that's, and I think that was one thing. So I

Unknown:

think when I launched my journey, there was elements of

Unknown:

myself that frankly, I needed to also address, you know, and heal

Unknown:

some extent, and, and as a CEO, here's the thing, as a CEO,

Unknown:

whether you like it or not, you are the face of the company. And

Unknown:

if you cannot present in a way that gives people that sense of

Unknown:

confidence, the sense that you are, you have the ability to

Unknown:

handle complexity.

Unknown:

You know, they're not

Unknown:

in a team, you have to deal with a woman of color, you have to

Unknown:

even over wrap. But keep in mind, at that time, I had this

Unknown:

crazy idea to I want to put games in healthcare, and I'm

Unknown:

gonna do like this thing around mental health, like what the

Unknown:

fuck is that? Like? Everybody was like, I would literally get

Unknown:

this is never gonna work. So there's a function of the idea

Unknown:

and where I'm at, right? So you're gonna get skepticism and

Unknown:

dismissiveness. And there always be some reason Oh, well, it's a

Unknown:

crowded space. So they're gonna dismiss you. Oh, well, it's been

Unknown:

done before and it failed. So they'll dismiss you. I've never

Unknown:

heard this and they'll notice you.

Lindsay Poss:

They're gonna give you some reason.

Unknown:

And it wasn't until I consistently started performing.

Unknown:

people's reactions started changing but also I realized

Unknown:

that for myself, um there were a lot of there were even some

Unknown:

friends of mine. They would they didn't treat like they would the

Unknown:

way they would react. Me, I will you know, then I actually had to

Unknown:

ask myself these questions were, and I had actually internalize

Unknown:

this. And this is really interesting story. But I want

Unknown:

you to start asking myself if if they were they were die. If I

Unknown:

was a guy, would they talk to me this way? Would they ask these

Unknown:

kinds of questions? And if the question was, if I didn't, if I

Unknown:

couldn't say definitively, no, then I'm like, wait a minute,

Unknown:

there's something going on. Right? Because I'm also I've

Unknown:

worked with men all my life been around, that's not in some

Unknown:

intense environment. So like, that wasn't the case, right? But

Unknown:

there was this I call it the concept of presumption of

Unknown:

competence. And that's wasn't happening. It was very rare.

Unknown:

And, and, and I had one, and I had internalized it so much that

Unknown:

I was interviewing a marketing candidate one time. And I was

Unknown:

telling him about, you know, at this point, we'd want about

Unknown:

maybe five or five, four or five reports. And I'll tell you, them

Unknown:

and you know, we got some great patient stories and stuff, we

Unknown:

had launched our beta. And I'm like, Yeah, I'm really lucky

Unknown:

that I, you know, gotten this far. And you say, you're not

Unknown:

lucky your skill. I had I had it took a white guy. Yep. And then

Unknown:

I realized, okay, I'm not even owning it myself. And so, um,

Unknown:

and, and I also stopped associating with people who

Unknown:

weren't going to give me the time of day, I'm like, Okay,

Unknown:

fine.

Unknown:

I'll see you later. I'm gonna talk for you.

Unknown:

But I got I got done. Like, some people will talk about that

Unknown:

tenacity, right. And I talked about this in a Kaufman video,

Unknown:

I, that I'm like, No, I am of that ilk. Find your tribe. Don't

Unknown:

try to convince people who don't want to be convinced, find your

Unknown:

tribe. And work on it be tenacious, in the problem you're

Unknown:

solving. Don't be tenacious and trying to convince me. And so,

Unknown:

so I just literally have no patience, I suffer fools even

Unknown:

less. What I've seen, I've seen women and even in myself now I'm

Unknown:

much more comfortable talking about the challenges I've had

Unknown:

I've no issue. Like, if I were to bring up in 2013 They've

Unknown:

looked like you're making excuses.

Unknown:

Not to understand Yeah. Right. And getting to understand it.

Unknown:

You know, and, and, and it also took, you know, and look in

Unknown:

fairness. i It's a brand new concept. It was a brand new idea

Unknown:

I needed to out right, and and to do that I had to find my

Unknown:

tribe. But that meant I went global to find my tribe. Because

Unknown:

I wasn't here where I live.

Lindsay Poss:

Yeah, one. And I think we at least, the world

Lindsay Poss:

seems more receptive to that lately. I want to kind of, um, I

Lindsay Poss:

want to summarize what we've talked about so far. So we can

Lindsay Poss:

and I think you've given so many pieces of wisdom. But there's a

Lindsay Poss:

specific question I like to ask at the end of every episode that

Lindsay Poss:

that is a chance for you to just kind of summarize everything

Lindsay Poss:

that you've said so far up. So let me start by talking about we

Lindsay Poss:

we began with a discussion on lights right in the development

Lindsay Poss:

of CES, right. So this right is a way to become a Zen master by

Lindsay Poss:

leading Sachs third adventure, Fox, the fox is the main

Lindsay Poss:

character to love, great, great name, great character. And the

Lindsay Poss:

whole goal of citizens right is to teach skills by actually

Lindsay Poss:

doing so you're able to learn journaling, breathing,

Lindsay Poss:

meditation, gratitude, practice, some other things that can help

Lindsay Poss:

you actually deal with stress and difficult mental health

Lindsay Poss:

environments without specifically talking about those

Lindsay Poss:

environments, rather, by doing things that actually help

Lindsay Poss:

alleviate some of the issues that we talked a lot about

Lindsay Poss:

healthcare startups and how you are one that is started at the

Lindsay Poss:

enterprise level. So since right works with employers to get the

Lindsay Poss:

product to employee, which is one way you can be healthcare

Lindsay Poss:

startup, you also mentioned that you do have a direct b2c model

Lindsay Poss:

as in you have an app on the App Store that's available for

Lindsay Poss:

purchase. But that when it comes to those models, user

Lindsay Poss:

acquisition can be really tough. And often you're spending more

Lindsay Poss:

on actually getting users on the platform, then their willingness

Lindsay Poss:

to pay. So it can be helpful to have a really solid kind of

Lindsay Poss:

revenue stream through enterprise development. That

Lindsay Poss:

gives you good footing that gives you the chance to develop

Lindsay Poss:

and to do r&d without having the pressure of growth, growth,

Lindsay Poss:

growth needing to get users needing to figure out that

Lindsay Poss:

monetization strategy. We also talked about how it can be

Lindsay Poss:

definitely challenging to get investments in healthcare and

Lindsay Poss:

being a woman of color compounds that issue for you. It took a

Lindsay Poss:

lot of a of reaching all I needed. It also took a lot of

Lindsay Poss:

you not knowing when you're being interviewed for

Lindsay Poss:

investments, but it took it took knowing the market, knowing your

Lindsay Poss:

vision for what the market needed. And sticking by that and

Lindsay Poss:

finding the right strategic investors to actually go for

Lindsay Poss:

that, which meant may be different than in a straight up

Lindsay Poss:

VC type of investor, it meant going further strategic in the

Lindsay Poss:

in the corporate investors instead. But that was a way for

Lindsay Poss:

you to stay true to your vision and permission. And we also

Lindsay Poss:

talked about how staying true to your vision, your mission met

Lindsay Poss:

networking with people who will presume competence networking,

Lindsay Poss:

leaving you saying goodbye to all of that and moving forward

Lindsay Poss:

to find the people who actually did. So with all that on the

Lindsay Poss:

table, the thing that I like to end with is a moment of

Lindsay Poss:

reflection. So what is one thing you would like to tell your

Lindsay Poss:

younger self about getting into the gaming industry, but also

Lindsay Poss:

the health and technology sector and being successful? Um, I

Lindsay Poss:

think I think the biggest thing,

Unknown:

in terms of success for anybody is giving, especially in

Unknown:

the world we're in today. It's very tumultuous, highly

Unknown:

uncertain. There's something new happening every day, more so

Unknown:

than before, right? And, and, you know, you and I were

Unknown:

talking, as we were prepping on this call is just how much the

Unknown:

pandemic has really significantly impacted our

Unknown:

lives. Right. And just, and just to be aware of the environment

Unknown:

that you're working in it,

Unknown:

it's really not, we're not back to where it

Unknown:

was, and I don't think we're ever going to go back. So from

Unknown:

that perspective, if you're looking at embarking on

Unknown:

something new, get make sure you're giving yourself the time

Unknown:

to pause. But also, what's really, really important and

Unknown:

what has helped me in the past is, have somebody that you can,

Unknown:

and have someone that is on the journey, a similar pathway as

Unknown:

yourself, because of being a founder, if you don't have a co

Unknown:

founder, which I don't, a lot of people have co founders which

Unknown:

can play that role. But if you don't, it's very isolating, and

Unknown:

it's very, it's a struggle, there's under a lot of pressure,

Unknown:

you're, you're stretched in about 10 different ways. So it's

Unknown:

important to have a network or somebody that you can say, hey,

Unknown:

this is where I'm, you know, a safe place, if you will, where

Unknown:

you can just really be vulnerable, like, that's going

Unknown:

to be really important. I didn't realize how isolating it was,

Unknown:

and a lot of founders talked about that. And so, that gets

Unknown:

your network set up that way, or at least start building it. Get

Unknown:

your finances in order, make sure you can handle this

Unknown:

journey. Be prepared to make those lifestyle changes. Start

Unknown:

living an entrepreneurial lifestyle six months before you

Unknown:

get out if you're thinking about it and see if you're okay with

Unknown:

that, like that means not eating out. That means eating at home.

Unknown:

avocado toast is actually very cheap to make at home and very

Unknown:

nutritious. It's not a shishi thing. It's very healthy and

Unknown:

very cheap. You know, you know, say goodbye to, you know,

Unknown:

splurging on, you know, if you're buying, you know, shoes,

Unknown:

if you're a shoe girl or a bag, um, you have one or two things,

Unknown:

luxury items, right? But, you know, be prepared, are you

Unknown:

willing to give up your credit score, so you can't buy a new

Unknown:

house? I can't my credit shot. I can't buy a house. If I wanted

Unknown:

to buy a new house, I couldn't do that I have a shitty credit.

Unknown:

Because I don't have an income. Right? Like I haven't had an

Unknown:

appreciable income. That's the realities of a founder of color

Unknown:

at least. Even if you get funding, right? Like let's say

Unknown:

they give you you're not going to pay yourself market right.

Unknown:

You know, you might you might pay yourself 100k 120k Maybe,

Unknown:

but in this day and age, that's not a lot.

Unknown:

Right? If that right. So,

Unknown:

um, so you know, there's a lot of things that you need to think

Unknown:

about, because it's if you're going to do this or even in

Unknown:

games, you got to be

Unknown:

prepared. Mentally, you have

Unknown:

to be prepared financially. Right and Then just it'd be

Unknown:

comfortable with that lifestyle. If you go to shows and concerts

Unknown:

in our budget accordingly

Lindsay Poss:

Yeah, that's really salient. Yeah. It takes a

Lindsay Poss:

lot of gumption to start something. So having a good

Lindsay Poss:

support network and being prepared. It's really important.

Unknown:

For sure, yeah, it is. So um, thank you for the

Unknown:

opportunity to talk today.

Lindsay Poss:

Hey, I'm supposed to say that birds I was just

Lindsay Poss:

going to say that thank you so much for coming on. Where can

Lindsay Poss:

people find you follow you learned more about lights brake

Lindsay Poss:

light everything? Sure.

Unknown:

So we have a website like sprint.com Li T s pri

Unknown:

t.com. So you can learn more about us there. We have a

Unknown:

YouTube channel with some contents and webinars and other

Unknown:

stuff and pitches we've done. We also are on Twitter at at light

Unknown:

sprite games. You could follow me on Twitter, it's my first and

Unknown:

last name at Swathi survey. And well we have a LinkedIn page

Unknown:

like Sprite LinkedIn page and a Facebook page as well. So we're

Unknown:

not interested people just and also just given all the adverse

Unknown:

health things that Instagram does that really into I don't

Unknown:

think socks a little look good with the filter. So

Lindsay Poss:

I think socks lifted no matter what. Um, for

Lindsay Poss:

all the listeners out there, thank you so much for joining us

Lindsay Poss:

today. Be sure to leave those five star ratings and reviews

Lindsay Poss:

and helps other people find us. Check out other holodeck media

Lindsay Poss:

podcasts, including better business and business esports.

Lindsay Poss:

I'm on Twitter, Instagram and LinkedIn. You catch me Wednesday

Lindsay Poss:

afternoons on the business of esports live after show this

Lindsay Poss:

podcast and your feed every week. We'll see you next week.

Unknown:

Thanks for joining us here on meta woman. Make sure to

Unknown:

subscribe to this podcast everywhere you get your

Unknown:

podcasts, leave a five star review and tell your friends,

Unknown:

family and colleagues all about us. Also, make sure to follow

Unknown:

metta TV on all socials to get more of the best Metaverse

Unknown:

content anywhere. Tune in every week for another episode of

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