Managing director Rachel Haot on how 1776 plans to crack highly regulated industries like education, health care, energy, and fintech.
Rachel Haot, managing director of global incubator and seed fund 1776, believes that health care is just one example of an industry in which innovation is slow-moving in New York City.
Although it's home to some of the best hospitals in the country—New York City lags far behind San Francisco when it comes to funding digital health startups and, when compared against another tech hub like Boston, has seen far fewer IPOs in the health care sector since 2012. This despite a survey of thousands of early-stage startups by investment research firm CB Insights that found entrepreneurial interest in apps, social, and email is waning in favor of startups working on virtual reality, artificial intelligence, and health care.
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