Joe Lonsdale, who co-founded software company Palantir, plans to invest most of the $640m fund he closed in April in start-ups focusing on healthcare, claiming they could be more effective in improving the sector than major technology companies such as Amazon, Apple and Google. Speaking to CNBC, the venture capitalist said he was sceptical about big companies entering healthcare from outside. “Healthcare is a very difficult industry for any one person or small group of people to get involved in,” Lonsdale said.
Joe Lonsdale, who co-founded software company Palantir, plans to invest most of the $640m fund he closed in April in start-ups focusing on healthcare, claiming they could be more effective in improving the sector than major technology companies such as Amazon, Apple and Google. Speaking to CNBC, the venture capitalist said he was sceptical about big companies entering healthcare from outside. The Silicon Valley entrepreneur has already invested in biotech start-up Synthego and health insurer Oscar Health, and is hoping to capitalise on the move towards value-based care and away from the payment for treatment model.