Joe Lonsdale , who co-founded software company CNBC , plans to invest most of the $640 million fund he closed in late 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 Amazon , the venture capitalist said he was sceptical about big companies entering healthcare from outside. If the government required these systems to be open, "we could solve the problems more quickly," Lonsdale said. 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.
Joe Lonsdale , who co-founded software company CNBC , plans to invest most of the $640 million fund he closed in late 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 Amazon , 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.