E144: Surviving the Valley of Death in Healthtech - Harry Lykostratis (Founder and CEO - Open Medical + Orthopaedic surgeon)

In this week’s episode Harry shares how he merged his background in healthcare within the NHS together with his passion for software engineering to ultimately founding Open Medical. 

🤔 Designing and developing software since age of 14

🛠️ Natural inclination towards engineering and design

🏥 Deciding to pursue a career in orthopaedics

🩺 Exercising + suppressing engineering tendencies during surgical training

⚕️ Deciding to re-engage into engineering during surgical training

👩‍⚕️ Advantages of understanding the clinical user experience + pathways

👩‍‍⚕️ Working one day a week as a surgeon

👨‍⚕️ Building a patient-centric product

🚑 Building flexibility into clinical products for unpredictable environments

🏥 The trauma board story behind Open Medical

0️⃣ to 1️⃣ for Open Medical

📈 How to scale a healthtech startup like Open Medical

📊 How to survive the valley death in Healthtech

👨‍⚕️ Being a clinician gives you advantages of access for bottom-up companies

👩‍⚕️ How to get adoption as an early stage company compared to a growth stage company

💰 Why VC funding is distracting

💰 Why Open Medical uses revenue to drive growth instead of external funding

📈 Experiences leading a healthtech company

❌ The costly and expensive mistakes made as a CEO

❓ What is the end-goal for Open Medical

 

Harry Lykostratis is the Founder, CEO and Lead Software Engineer at Open Medical. He is also a practising orthopaedic surgeon at London North West Healthcare NHS Trust. 

 

Learn more about Open Medical

Articles by Open Medical

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