Neal Mody is the co-founder of two hard science companies collectively worth over $300M that have a real chance to be Unicorns, and the managing director of Zoic Capital, a venture capital firm, focused on commercializing companies that solve big health-related problems with cutting edge enabling technologies.
"I loved building stuff. So I asked myself, how do I build stuff with technology that has a chance to scale and truly affect the world? And the obvious answer to me was healthcare. I put together a thesis about healthcare and its sections where I thought they were low risk, potentially truly affecting all of humanity.
Go to podcast: Spotify iHeart Radio Amazon Apple Podcasts YouTube
I decided to start my first business at 21 by opening a chain of retail stores. I sold them all at 24 and became a real estate investor because all of my best customers seemed like they're having the most fun in real estate. This was the time I got an opportunity to start a material science company in high-temperature superconductors. This was my introduction to the world of healthcare.
I later learned literally how to scale a company. Now having around 50 employees, 30 contractors, and around 2,700 unique patent claims, all of which were approved worldwide. We took the company to a hundred quarter million in value along with a new CEO who came in and is running it to a fair amount of success today.
I think my company in the future will enable Desktop MRIs at some point where if you feel a little injured after playing sports, we'll have an MRI guy come check you out, and you can order them via Uber and get the image almost instantly. After which, the telehealth consultation that follows will be easy and convenient.
There weren't enough investment dollars going to the med-tech field or even just beyond the med-tech fields at the early stage of interesting medical platform technologies. Such as the microbiome. Why wasn't there more money going into companies like that ten years ago? After realizing this, I spent several years studying venture capital and decided to build a deal flow before investing."
Neal Mody, Managing Director
602 - 799 - 5575
Zoic invests in medtech and healthcare platforms with easy regulatory approval pathways and unique IP that will become standards of care.
Welcome to PrimeAlpha's interview series where we will share insights from industry practitioners discussing their journey and their discoveries.
Check us out on these platforms