Archive for category Personal

Withings: The Future of Healthcare (Part I)

For those of you who know me well, you know I once considered developing a product very similar to Withings–the wi-fi connected body weight and body mass scale. My idea was identical in the basic concepts of a consumer friendly wi-fi scale with an associated web and mobile tracking component. But I’ll get into the similarities and dissimilarities more in a separate, second post. First though I want to identify why I think this product could be representative of a larger trend that I very much believe in.

A lot of exciting things have happened on the web and with technology over the past 20 years. Yet, there have been precious few advancements from either the web or gadgets (or their intersection) which are health related that I regularly use. Consumer health on the web began and ended with WebMD and its clones. That is until Nike Plus. Nike Plus represented a new way to interact with health data combining the physical with the virtual. And Nike Plus is damned good (Need proof? It sold 1mm units in the first 4 months). It demonstrates how you can take something patently boring and horrible like a pedometer and turn it into a mass market hit that is genuinely useful for millions of people by informing and motivating their training and health. But why stop there?

And I am not talking about your $400 Garmin GPS watches for triathletes. Yawwwn. I am talking about a much more interesting and much larger market: preventive consumer healthcare in the home. Reset your expectations to the tens of billions of dollars. That’s where this market could and should go in the next decade.

What am I talking about? I want internet connected scales, blood pressure monitors, sleep monitors, glucose monitors and more–aimed at everywhere from the mass market to granular niches. Some people will read this list and get it instantly. Some will think WTF? But remind yourself it’s all about the execution: think pedometer vs. Nike Plus. The distinction is subtle but critical. The products need to be 1) simple to use and 2) the results need to be made meaningful to your target customer–and it can’t just be a bunch of data puked into Excel or a web page (which is how it’s currently done on today’s most advanced USB/Bluetooth products.) These need to be consumer devices at the end of the day even if the data is synced to a healthcare provider at some point.

If you design and market these devices the “healthcare way”, this whole idea is destination Titanic from the get-go. The vision might be obvious enough as evidenced by the Continua Health Alliance, but good execution will be very, very hard to find. (Most Continua members demonstrate the precise opposite.) I think Withings represents the cutting edge of this non-fitness, consumer -healthcare market that combines the web and smart devices. And when I bring up Nike Plus as the role model, I don’t mean it should be done with the Nike Plus target market or marketing in mind–this is not about getting in shape and is not targeted for fitness freaks. These devices are for a decidedly different target and would require decidedly different marketing and branding, but that doesn’t equal marketing it like you would a goddam enema.

Is it even possible to make some of these products sexy? Wrong question.

You don’t need to make them sexy. To reiterate, you just need to make them 1) user friendly enough that the target audience will be able to frequently use them and 2) have results that are easily understood. Here’s a slide on brand positioning from the original business plan I put together in late 2006 / early 2007. The blue arrows indicates where I think these sorts of devices could be placed on a spectrum from “Full Metal Jacket” to “Mister Rogers.”

So who would these devices be for? Oh, any one of the tens of millions of Americans who deals with obesity, hypertension, diabetes, heart attack, stroke, insomnia, etc. Is it a big market? You betcha. Is this the beginning of all this? I hope so. I hope we start seeing more and more entrepreneurs in this space because the big healthcare players get the concepts of “user-friendly” “marketing” and “web” about as well as Attila the Hun understood the concept of diplomacy.

The upcoming Withings: Part II will include a review of the Withings scale and a comparison to my original business plan. Stay tuned.

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Backlog of Posts

School life at Kellogg has kept me away from my blog the past few weeks. However, I’ve got a large backlog of ideas I’d like to write about.

Some of the topics that have been occupying my mind include:

  • The importance of explicitly defining what you’re not going to do / customers you are not attempting to reach in business strategy. This is partly inspired by a conversation with my buddy Evan Doll, the former Apple iPhone programmer who is now co-founding a startup. It’s also inspired by a brilliant article by Michael Porter titled “What is Strategy?”
  • The divide (at least in the media) between entrepreneurs and venture capitalists. Does this divide exist? Or is it the press looking for a story? If it does exist, why does it exist? What does it mean for the industry?
  • Why I really like “medium-sized” business plans–these are business plans that don’t say “We are going to dominate the world’s operating system world” but likewise don’t say “We are going to be a tool for an existing service.”

Finally, on a personal note…everything here at Kellogg is going well. I am looking to join the Private Equity Venture Capital (PEVC) Club and make any contributions I can. I am also getting active with both the High-Tech Club and Investment Management Club.

In the next couple of months I will be considering my options for summer internships.

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My New Ringtone: a 56k Modem

fax-on-iphoneIt always nice to have some fun early on, so let us indulge for a moment.

While watching this YouTube clip of a 300 baud modem hooked up to a phone, it occurred to me how far the world has come since I first really stepped into the online world with my first Hayes modem. All those old pinging and clanging noises, boops and beeps that used to connect me to CompuServe and AOL (even before the web). How quaint! Well why not bring back those sounds in the form of a ringtone? What fun! Imagine the possibilities:

Scenario 1
[iPhone ringing with loud modem chirps]
Person: Huh?
Me: Oh, excuse me. I just need to connect to the net to download some email.

Scenario 2
[iPhone ringing with loud modem chirps]
Person: Huh?
Me: Oh, that’s a fax. It’s urgent. I gotta take this.

I give you the ultimate new dork accouterment, the modem/fax ringtone (Creative Commons Licensing 1.0 this is a reformat of the original):

These are the sounds of a 56kbps modem according to my friend @chrismarcellino who can tell by just listening. My ideal ringtone though would really be the sounds of a 14.4kbps modem, which I know when I hear it. Thoughts?

File hosting for ringtones thanks to Dropio.com!

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