The Covid-19 pandemic not only forced people to work from their homes but also to avail themselves of health services online. That could very well become a norm in the future.
Alexis Ohanian, the cofounder of Reddit and a venture capitalist, said the pandemic forced people to transition to online tools such as Zoom. “Tools like these are still in the bronze age. No one had been obsessing over things like these for the last 10 to 15 years. However, they are, as of last year,” said Ohanian at the virtual Forbes Under 30 Summit on May 26.
His venture fund Seven Seven Six has invested in companies reimagining the future of work. It led a $2.4 million pre-seed funding for the Grand, a startup which provides group career coaching for employees. The company’s certified facilitators provide classes on topics such as “Returning to Work After Becoming a Parent” and “Making a Career Transition”.
The pandemic hit in full force a month after the Grand launched in February 2020. “That was a blessing in disguise. Everyone around the world was going through a transition,” Rei Wang, cofounder of the Grand Wang also participated in the summit. While the company’s initial clients were from the U.S and Canada, the online sessions allowed people from Nigeria, New Zealand and Singapore to join in. “Everyone was feeling that it is so hard to make a career transition right now, especially when they don’t see their coworkers in real life.” What attracted Ohanian to invest in the Grand was its services that support every member of the team and not “just the executive team.”
Also speaking at the summit was Zachariah Reitano, cofounder and CEO of New York-based digital health startup Ro, a 3.5-year-old company valued at $5 billion. “We were always building for a world in which people start their healthcare journeys online,” said Reitano, an alumnus of the 2020 Forbes 30 Under 30 Healthcare list.
Although this company started out with helping men to treat conditions such as erectile dysfunction and hair loss through its subsidiary Roman, the startup has now transitioned to women-centric health services. Ro recently announced it would acquire Modern Fertility, a company which provides at-home fertility tests for women. The company also provides services for smoking cessation, weight loss and generic medicines. (Disclosure: Forbes Media has a small investment in Ro.)
The company partnered with the New York State Department of Health to make vaccinations available to elderly New Yorkers who couldn’t make it to the vaccination sites. “Necessities are the mother of invention and we have seen that in healthcare in particular during the pandemic,” Reitano added.
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May 28, 2021 at 04:01AM
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All Of Work Is Getting Reimagined, Says Reddit Cofounder Alexis Ohanian - Forbes
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