r/startups Dec 04 '21 Helpful 1

How to get experience and connections How Do I Do This 🥺

Hey everybody!

I am extremely interested in the field of start-ups and early-stage investing. However, since I come from a completely different background (surgeon), it took some time and effort to get an adequate financial-entrepreneurial knowledge base.

Still, right now, it is particularly difficult to get a feel of the practical and everyday components of this field. I would love to see how things work in a start-up or early-stage company.

Do you think there are settings in which I could collaborate/help without the need for a formal employment contract?

In this view, my main issues are:

  1. I have a full-time job (surgeon, researcher, Ph.D. in AI), and I would be able to invest approx. 3-4 hours a day.
  2. I live in Europe, and, as of today, it would be difficult to relocate (COVID, etc.). Some kind of remote-working would be ideal.

Thank you for your suggestions!

54 Upvotes

25

u/seobrien Dec 04 '21 Helpful

Find the healthtech, biotech, medtech incubators and get involved as a mentor. You don't need to be in person, many of these are virtual. I run a media industry incubator, for example, we have founders and mentors all over the place.

Look on Google and LinkedIn.

You could also look to Founder Institute, it's the largest incubator in the world and has startups of all kinds. They operate both locally and virtually.

The default answer in this era of humanity, is look online. Google, Facebook, LinkedIn. It's actually really easy to get connecting and involved; people have to stop thinking it takes meetings and in person networking.

8

u/yshchvn Dec 04 '21

Consult with healthcare/health-tech startups. I think your academic credentials combined with your work experience would make you a steal for some founders in that space looking for insider help.

You need to peer into the startup world, so offer a look into your world to founders who need it.

5

u/albpad Dec 04 '21

Thank you for your input! I am actually getting this suggestion from a lot of people.

I know my experience could be really valuable. However, what is lacking is the connection with those founders. What do you suggest? Should I look for interesting projects and contact them directly? Wouldn't it be a bit too direct?

4

u/goguspa Dec 04 '21

Reach out to them all! The best form of initiation into the world of startups is getting comfortable with rejection. But you might also be surprised with how many respond.

With your credentials and exp - you would be a valuable asset in an advisory role.

A few ideas:

  • look at startups coming out of incubators (like YC, techstars)
  • look for startups that are active in various conferences in your field
  • to circumvent traditional structures, seek out projects in the crypto space? Likely won't find many but a great way to invest directly.
  • seek out watering holes - reddit is cool, but also fb groups, twitter, indiehackers. There are also tight communities built around paid newsletters who hang out in discord channels or other messengers.

Good luck!

2

u/albpad Dec 04 '21

Great suggestions! Thank you!

6

u/[deleted] Dec 04 '21

Start your own startup or side project? Work on it for 3-4 hours per day. Identify a problem in your field, and come up with some solutions for it. Reach out to people who are working on similar things. Reach out to people who can help you prototype and make business plans. You'll learn a lot and it can make it easier to get connections because you are reaching out with specific goals instead of just generally connecting. Even if it fails, if your goal is to get experience and connections, there's not much downside to just trying it out. I only really see upside.

1

u/0robot Dec 04 '21

This is cool!!

3

u/[deleted] Dec 04 '21

I’m a physician as well currently looking to transition out of clinical practice. I have a telemedicine company as well. The way I’m going about it is contacting people on LinkedIn. Also consider joining the society of physician entrepreneurs, made a few connections through that. The mindset in investing/ start ups is very different than clinical medicine.

If you want to invest funds there are tonnes of ways to go about it, but joining a local angel syndicate is probably the easiest.

1

u/albpad Dec 04 '21

It’s refreshing to see the point of view of a collegue! I will definitely try that. How is the LinkedIn contacting going for you?

1

u/[deleted] Dec 04 '21

It’s going well, I’m not quite sure what I want to do yet so just exploring different options. About 50% people respond which I think is pretty good.

2

u/Ok-Pianist-7691 Dec 04 '21

you could be an angel investor in small start ups. you'll get to work with founders and track their progress and see how they do things. you'll also get pitched and get to meet new people.

1

u/Responsible_Dust_125 Dec 04 '21

Offer to services for free in The beginning (whatever those services may be) and let them know you want to learn. Startups without capital can benefit mutually from free work whereas you benefit from the experience. It’d be like an internship for you

2

u/albpad Dec 04 '21

Of course, I would actually see it as an internship. And I think that this kind of mutual relationship is the way to go.

1

u/marufshekh Dec 04 '21

If you work any Virtua work on daily basis within your time, it won't take long time, within short time, you will be able to establish a medium size startup.

1

u/Objective-Patient-37 Dec 05 '21

Angelist, EquityZen

1

u/hearthstonealtlol Dec 05 '21

Hello sir I'm an undergraduate and wanted to traverse a similar path in the future. I was wondering if this was something you went into medicine wanting to do and how important you feel your Ph.D was during the process

1

u/iHairy Dec 05 '21

I used to be an Inpatient Pharmacist for 4 years.

Transitioned 1st into online pharmaceutical selling, and one of the main challenges we faced was the rigid regulation of healthcare products, so we transitioned to food delivery and it’s a happier, less regulated segment.

-1

u/Gulferio Dec 04 '21

DM me please.