Title: "From Humble Beginnings to Impactful Acquisition: My Journey with Artemis Health
As CEO of Artemis Health, Grant Gordon shares his entrepreneurial journey from identifying product-market fit to building a data platform that helps employers optimize healthcare benefits.
- 1. Grant Gordon is the co-founder and CEO of Artemis Health.
- 2. Artemis Health has a software platform that helps employers understand and optimize their health care activities.
- 3. The company has raised $60 million and works with around 600 employers, representing around 12 million lives on their platform.
- 4. Artemis Health was acquired by Nomi Health to join forces and have a bigger impact.
- 5. The idea for Artemis Health came when Grant saw the poor quality of health care software while his father was receiving treatment for cancer.
- 6. In 2013, Grant and his co-founders participated in Blueprint Health's accelerator program in New York City.
- 7. They received early commitments from employers in the form of Letters of Intent, which helped them raise $1.2 million.
- 8. Artemis Health focused on making health care benefits data easy to understand and use for employers.
- 9. Building analytics software with health care data is challenging because it's difficult to obtain the data without already having a customer.
- 10. Artemis Health built their MVP by cold calling potential customers for feedback and building genuine relationships with them.
- 11. Grant warns against mistaking early success or commitment for true product-market fit.
- 12. It took Artemis Health two and a half years to sign their first two customers, Intuit and Nielsen.
- 13. The company's competitors had not improved their products in 15-20 years, leaving room for innovation and growth.
- 14. Artemis Health's software is self-serviceable, unlike its competitors, and provides answers to questions much faster.
- 15. Grant advises founders to focus on improving company culture as the company grows.
- 16. Artemis Health's values include empathy, collaboration, and a focus on building a positive environment.
- 17. The company was approached by several companies for acquisition in 2020.
- 18. Grant views the acquisition by Nomi Health as an opportunity to grow faster, build more products, and access more customers.
- 19. Artemis Health remains a wholly owned subsidiary of Nomi Health, and no one lost their job in the acquisition.
- 20. Grant plans to leverage Nomi Health's government customers to open up new opportunities for Artemis Health.
- 21. As a founder, Grant values building things that matter and making a big impact in the world.
- 22. He measures success by the people he meets and works with, as well as the positive impact of the company on employers and their employees.
- 23. Grant emphasizes the importance of creating a strong culture within a growing company.
- 24. Artemis Health's success is due to its focus on making health care benefits data accessible and easy to use for employers.
Source: EO via YouTube
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