IndieBio founder is joining Mayfield to co-lead healthcare investing - Business Insider

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Mayfield's newest partner wants to help the 50-year-old venture capital firm seize growing opportunities in healthcare and sustainability amid the coronavirus pandemic

Although Gupta was used to being one of the major early-stage investors in health tech startups, he's been seeing the sector catch the eye of major VC firms since the pandemic began. He wanted to keep pushing the teams he had worked with to build better businesses, a concept that wasn't always intuitive to the cohort of scientists and academics working in the lab.

Although Gupta's move had been in the works for a while, joining a firm in the middle of a pandemic still had its challenges. For instance, many firms opt to spend ample time in person with new partners during the recruiting process over dinners, family get-togethers, and other networking events that have been the cornerstone of the venture industry. Instead, Gupta has spentand hours going through Mayfield's extensive online onboarding materials on his own.

"From a business perspective, our children are the future consumers, so we have to understand their needs for problems they are going to be facing," Gupta said. "For me, this idea of 'conscious capital' is where I would like to place my time and energy for the next three decades of my working life I have left because I can measure my success through my children."

 

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That's American healthcare in a nutshell - finding a way to profit from a pandemic.

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