Dispensed: Tim Ferriss is backing psychedelic research, how to change your business model as told by pitch decks, and how much money healthcare CEOs make

Tim Ferriss just helped launch the world's first research center dedicated to turning psychedelics into medicines

It's called the Imperial Center for Psychedelic Research, and it was funded with nearly $4 million from donors. Researchers at Rock Health, a Silicon Valley-based venture-capital firm dedicated to the hottest area of healthcare — digital health — say interest in mental-health startups is starting to pick up.

Emma meanwhile took a look at the pitch decks the startup HealthJoy used before and after its changed its business model. But when that market started to sour, cofounders Doug Morse-Schindler and Justin Holland realized they needed to pivot. The buzzy biotech Perlara got into Y Combinator and raised $10 million from investors like Mark Cuban before things went south. Its founder shares the key lesson he learned from the failure.

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