Nashville’s venture capital firms are looking for their next investments, especially in AI, while minding the challenges of exiting companies in recent years.
During the Nashville Health Care Council’s second annual Healthcare Sessions conference at the Country Music Hall of Fame this week, representatives from local firms Frist Cressey Ventures and Martin Ventures shared their takes.
kAmkDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qmq6=@H 2C6 E2<62H2JD 7C@> E96 A2?6=D E96J A2CE:4:A2E65 :?] k^DA2?mk^Am
k9bmkDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm!C:G2E6 6BF:EJ 2?5 G6?EFC6 42A:E2= 82AD k^DA2?mk^9bm
kAmkDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm}2G:5 u2CK25[ >2?28:?8 A2CE?6C 2Ek^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6QmuC:DEk^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6QmrC6DD6Jk^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm'6?EFC6D[k^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm2C8F65 E92E G6?EFC6 42A:E2= :D ?@E 5625[ 4@>A2C65 E@ 2 A6C92AD D>@@E96C 2?5 >@C6 =F4C2E:G6k^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6QmC@FE6 @7 AC:G2E6 6BF:EJk^DA2?mkDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm]k^DA2?mkDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm k^DA2?mk^Am
kAmkDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qmx? E96 A2DE 76H J62CD[ :?G6DE@CD H6C6 C64<=6DD[ 96 D2:5]k^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm%96J @G6CDA6?E H9:=6 E96 AC6DDFC6 H2D @? 7@C A@CE7@=:@ 4@>A2?:6D E@ 8C@H[ H9:49 42? 6C@56 E92E 4@>A2?J’D 564:D:@?\>2<:?8k^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm2D H6==k^DA2?mkDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm]k^DA2?mkDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm k^DA2?mk^Am
kAmkDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm“x? @FCk^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6QmH@C=5 @7 G6?EFC6[ A6@A=6 H6C6k^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6QmC62==Jk^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm4@>A6E:?8 @?k^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm4@DEk^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm@7 42A:E2=[ G2=F2E:@?k^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm2?5k^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6QmDA665] …”k^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qmu2CK25 D2:5] “$@ E96J’C6 8:G:?8 FA E96 D2>6 @H?6CD9:A 2?5 86EE:?8 EH:46 E96 42A:E2=]”k^DA2?mk^Am
kAmkDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qmp 492==6?86 4@>A2?:6D 7246 E@52J :Dk^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6QmE96C6 2C6 D@>6 E92E 5@?’Ek^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6QmBF:E6 7:E :?E@k^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm62C=J DE286k^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6QmG6?EFC6k^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm42A:E2=[k^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm3FE 5@?’E 7:E :?E@ AC:G2E6 6BF:EJ[ 6:E96C]k^DA2?mkDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm k^DA2?mk^Am
kAmkDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm“%96C6’D E9:D 82A H96C6 4@>A2?:6Dk^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm92G6 2k^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm?665 7@Ck^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm42A:E2= E92E’D 9:89k^DA2?mkDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm[” u2CK25 D2:5]k^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm“$>2==6C 7:C>D ;FDE 42?’E >66E E92E[ J6E E96J 5@?’E 92G6 E96 42D9 7=@H E@ DFDE2:? =6G6C286]”k^DA2?mk^Am
k9bmkDA2? 52E2\AC6D6CG6C\DA246DlQECF6QmtI:ED 92G6 366? D=@H6C :? C646?Ek^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6QmJ62CDk^DA2?mkDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm k^DA2?mk^9bm
kAmkDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qms6G:? r2CEJ :D E96 rt~ @7 }2D9G:==6\32D65 7:C> |2CE:? '6?EFC6D[ 2?5 9:D 4@>A2?JVD @H?k^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm52E2 2=:8?D H:E9 E96 C646?E D=@H 6I:E EC6?5] %96 7:C> 6I:E65 7:G6 4@>A2?:6D 6249 J62C :? a_`h[ a_a_ 2?5 a_a`] %96J 5:5?’E 6I:E 2?J :? a_aa[ ;FDE @?6 :? a_abk^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm2?5k^DA2?m ?@?6kDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm E9:D J62C] k^DA2?mk^Am
kAmkDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm“p== @7 E96 4@?G6CD2E:@?D E92E @FC 4@>A2?:6D 92G6 366? 92G:?8 :? E96 DA246 — H96E96C :E’D H:E9 ?6IE\DE286 G6?EFC6 @C H96E96C :E’D AC:G2E6 6BF:EJ — 92G6 366? D=@H[ E@ D2J E96 =62DE[ 2?5 G2=F2E:@?D 92G6 4@>6 5@H?k^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm5C2>2E:42==J[k^DA2?mkDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm” r2CEJ D2:5] k^DA2?mk^Am
k9bmkDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm%96J’C6 A2J:?8 2EE6?E:@? E@ E96k^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm6=64E:@?k^DA2?mk^9bm
kAmkDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qmr2CEJ 2?5 @E96C G6?EFC6k^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm42A:E2=:DED[ k^DA2?mkDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm2D H6== 2Dk^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6QmAC:G2E6 6BF:EJk^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm7:C>D[k^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm2C6 6J6:?8 E96 }@G6>36C 6=64E:@?]k^DA2?mkDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm k^DA2?mk^Am
kAmkDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm“(6 2C6 @AE:>:DE:4 E92E 27E6C E96 6=64E:@?[ ?@ >2EE6C H9:49 H2J :E 8@6D[ H6 H:== D66 E96 =@8;2> @A6? FA[k^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm2?5 k^DA2?mkDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm9@A67F==Jk^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6QmH6’== D66 >@C6 4@>A2?:6D 6I:E[” 96 D2:5]k^DA2?mkDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm k^DA2?mk^Am
kAmkDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm|2?J @7 E96:C A@CE7@=:@ 4@>A2?:6D H:== 36 27764E65 3J 9@Hk^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6QmE96 ?6IE 25>:?:DEC2E:@? 92?5=6D |65:42:5 2?5 |65:42C6 C6:>3FCD6>6?E C2E6D]k^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qmx? 255:E:@?[ u2CK25 :D H2E49:?8 9@H px H:== 36 C68F=2E65] k^DA2?mk^Am
kAmkDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm“x >6?E:@?65 F?AC64656?E65 @AA@CEF?:EJ[ x 36=:6G6[ :? px[ 3FE E96C6’D 2=D@ F?AC64656?E65 F?46CE2:?EJ H:E9 px[” u2CK25 D2:5] “*@F 4@F=5 DE2CE H:E9 C68F=2E@CJjk^DA2?mkDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm :E’D k^DA2?mkDA2? 52E2\AC6D6CG6C\DA246DlQECF6QmC62==Jk^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6QmF?46CE2:? E96C6] p?5 E96? E96 F?AC64656?E65 A246 @7 492?86 :D 72DE6C E92? 2?JE9:?8 H6’G6 D66?]” k^DA2?mk^Am
k9bmkDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm%96J’C6 :?G6DE:?8 :? px[ G2=F6\32D65k^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm42C6k^DA2?mk^9bm
kAmkDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qmr2CEJ 2E |2CE:? >6?E:@?65 2 3C@25 7@4FD @? G2=F6\32D65 42C6 2?5 3692G:@C2= 962=E9 42C6k^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6QmH96? :E 4@>6D E@k^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6QmA@CE7@=:@ 4@>A2?:6D] %96J 2C6 2=D@ =@@<:?8 E@ :?G6DE :? E9@D6 >2?28:?8 |65:42:5 2?5 |65:42C6 C:D< 2?5 D6CG:?8 E96 28:?8 A@AF=2E:@? 2?5 E9@D6 H:E9 49C@?:4 4@?5:E:@?D]k^DA2?mk^Am
kAmkDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qmx? 255:E:@?[ 6249 @7 |2CE:? '6?EFC6D’ bd 4@>A2?:6D 92G6 px 6>365565 :? D@>6 7@C>] k^DA2?mk^Am
kAmkDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm“xE C6A=246D 9F>2?D E92E 2C6 5@:?8 C6A6E:E:G6 E2D<D[” r2CEJ D2:5] “(6’C6 ?@E 2E E96 A92D6 J6E H96C6 H6’C6 >2<:?8 :?G6DE>6?ED E92E 2C6 C6A=24:?8 @C AC@G:5:?8 4=:?:42= 42C6]”k^DA2?mk^Am
kAmkDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qmu2CK25 2Ek^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6QmuC:DEk^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6QmrC6DD6J[ H9:49 7@4FD6D @?k^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm62C=J DE286k^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm:?G6DE>6?ED :? E96 A2J6C\ 2?5 AC@G:56C\46?EC:4 4@>A2?:6D C2E96C E92? 3:@E649 @C >65:42= E649?@=@8J[ 2=D@ ?2>65 pxk^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm2Dk^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm2? 2C62 @7 7@4FD[ H:E9 2 76H 42G62ED]k^DA2?mk^Am
kAmkDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm“x E9:?< 23@FE E96 G2=F6 492:? 2C@F?5 px[” u2CK25 D2:5] “(6 92G6 E@ 5@ >@C6 H:E9 =6DD :? @FC :?5FDECJ]k^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm%9:Dk^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm:D 8@:?8 E@ 36 2? 2>2K:?8 E@@=k^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6QmE@ k^DA2?mkDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm5@k^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6QmE92E] k^DA2?mkDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm(6 92G6 E@k^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6QmC62==Jk^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6QmD2J H96C6k^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm:D E96 52Ek^DA2?mkDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm2k^DA2?mkDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qmn k^DA2?mkDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm(96C6 5@6D :E 4@>6 7C@>n (92E 2C6 E96 @FE4@>6D[k^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm2?5k^DA2?m kDA2? 52E2\AC6D6CG6C\DA246DlQECF6Qm:D :E D276n” k^DA2?mk^Am
