The Life and Death of Internet Healthcare: A Minimalist Logic Perspective
From 2014 to 2016, internet healthcare was both hyped and hailed, as well as criticized and mocked. Any innovative sector must undergo such ups and downs before truly reaching maturity. How venture capitalists view the industry is one matter; how entrepreneurs continue to survive and develop is another; and what feedback the market ultimately provides is yet another.
Let us clarify the industry’s inherent characteristics and return to first principles: we recognize that the healthcare sector has always possessed a dual nature, encompassing both social responsibility and commercial value. After traversing the path of a highly market-driven and commercialized model, the United States is now exploring universal health coverage and affordable care; meanwhile, the UK government, with its stronger emphasis on social pooling, has mobilized greater collaboration across industrial innovation organizations. Regardless of which attribute dominates, the annual healthcare expenditure of RMB 3 trillion must be spent. Both attributes present opportunities for innovation and venture capital investment, but they must be approached differently. Confusing the fundamental nature of the market in which one operates could lead to disastrous consequences.
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The author of this article is the Dean of VCBeat and co-founder of VCBeat.
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