Broad healthcare & life sciences experience. | Startups. | Occasionally other stuff... | https://xitter.cf/t.co/veqBXtF89V
Louisville, KY
Joined October 2009
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"Wealthy technology entrepreneurs have long put their cash and creative energy into medical research. And as their fortunes have grown, so has the scale of their investments, and the variety of ways in which their funds are doled out. nature.com/articles/d41586-0…" by @heidiledford.
Andrew Steen retweeted
Why 43% of hospitals are losing money
Roughly 43% of U.S. hospitals are operating at a loss, up from about 33% before the COVID-19 pandemic, according to Kaufman Hall’s August 2026 “National Hospital Flash Report published Oct. 13.
hubs.ly/Q04C6MLB0
Andrew Steen retweeted
Concentration grew through the latter-half of ZIRP, up until the ill-fated WeWork IPO — a high profile warning about the "growth at all costs" mentality.
From 2019 to 2022, VC concentration fell as investors squeezed down into Seed, searching for a clean slate. New frontiers, and a reset on price inflation; although capital supply meant prices remained high.
The market bifurcated in 2022, as smaller LPs suffered a liquidity crunch which larger LPs barely noticed. The market has quickly been dominated by scaled allocation, chasing easy narratives.
As a result, 2023 to 2026 has seen successive ATHs in market concentration, as LP capital has crowded into megafunds and obvious growth opportunities.
Credit to @harmonic_ai for the data.
For every $100 the seven megafunds invested between 2005 and 2023, only about $11–19 matched the market-wide distribution of capital.
So far in 2026, it's about $38.
This group has gone from a set of differentiated firms to something that looks more like a VC megacap index.
Data sourced from @harmonic_ai.
Andrew Steen retweeted
The Strebulaev-Jackson AI Venture Ranking of the top 50 VC firms is now live.
Andreessen Horowitz tops the AI ranking with 22,509 points, about 1.6 times the score of Lightspeed Venture Partners.
Andrew Steen retweeted
Day 2 of #ARDD2026: Novartis Biomedical Research President Fiona Marshall on aging as the common driver across all major therapeutic areas — not a niche, a framework. agingpharma.org/program2026
"For this study, researchers tracked the use of @OpenEvidence, an AI-enabled clinical information platform designed to be used by healthcare providers. cardiovascularbusiness.com/t…" via @CardioBusiness.
"The 2027 @LDBFest lineup is out, with the even scheduled for February 12th and 13th at the Mellwood Art Center in Louisville, KY. theprp.com/2026/10/16/news/h…" via @theprp.
Y'all. Advent.
Andrew Steen retweeted
We're attendinf Marcus Evans Healthcare CEO and Executive Strategy Summit.
📅 October 19 and 20, 2026
📍 Red Rock Casino Resort and Spa, Las Vegas
👤 Meet Jawad Popalzai, CEO and Founder, DataRovers
Attending? Let's connect.
👉 Book a 1:1 with Jawad: datarovers.com/
Andrew Steen retweeted
I'll love you 'til my lungs give out 🎶
Thank you for another special night at Kroger Field, BBN 💙
"Tulane Ventures has invested $250,000 in Biophoundry, a Tulane University spinout co-founded by Rani Brooks and Sahan Liyanagedera."
innovation.tulane.edu/tulane…
"Rice launches One Giant Leap Ventures to back promising startups across university ecosystem"
news.rice.edu/news/2026/rice…
Andrew Steen retweeted
Great leaders leave more than achievements behind. They leave a lasting impact on people.
🎥 In this video, 2026 Steven G. Avey Award recipient William Fleming shares a reminder that while our work involves strategy, innovation, and business decisions, it ultimately comes down to people.
"There's a business side of what we do, but it's about the people. It's always about the people." Each year, the AMCP Foundation's Steven G. Avey Award recognizes a health care professional for sustained, distinguished service to managed care pharmacy.
Who's the person whose influence has extended far beyond their job title?
The mentor who opened doors, the leader who inspired progress, or the colleague whose work continues to make a difference.
Nominate them for the Steven G. Avey Award by Oct. 31. 💛
hubs.li/Q04zjKmV0
#AMCPFdn #AveyAward #ManagedCarePharmacy
"With a focus on executives and athletes, [@HumanSyncHealth] is bringing Silicon Valley-style longevity services to Louisville. bizjournals.com/louisville/i…" by @bflousteve.
"Major nonprofit hospitals, including Northwestern, Weill Cornell, and Mayo Clinic have all launched cash-pay longevity clinics in recent years. statnews.com/2026/10/06/hosp…" by @SarahLizChar.
Andrew Steen retweeted
"It says here you are not subscribed to our #HealthDistilled newsletter. Explain, please."
