Billionaires Investing in mHealth

The 3G Doctor has a great list up on his blog that I’d never seen until today despite it being posted in March of this year (I certainly should read his blog more often). It’s a list of billionaires that are investing in mHealth. Here’s who’s on the list:

John Dorrance Source of Wealth: Campbell Soups
Judy Faulkner Source of Wealth: Health IT
Doug Fregin Source of Wealth: RIM
Bill Gates Source of Wealth: Microsoft
Paul E Jacobs Source of Wealth: Qualcomm
Mohamed Ibrahim Source of Wealth: African MNO Celtel
Philippe Kahn Source of Wealth: Technology
Li Ka-shing Source of Wealth: Telecoms, Utilities & Property
Vinod Khosla Source of Wealth: Sun Microsystems
Lee Kun-Hee Source of Wealth: Samsung
Mike Lazaridis Source of Wealth: RIM
Hans Rausing Source of Wealth: Packaging
Leonard Schlemm Source of Wealth: 24 Hour Fitness
Carlos Slim Source of Wealth: América Móvil
Patrick Soon-Shiong Source of Wealth: American Pharmaceutical Partners & Abraxis BioScience
Ted Turner Source of Wealth: Cable TV
Gary & Mary West Source of Wealth: West Corp
Steve Wozniak Source of Wealth: Apple Computers
Steve Case Source of Wealth: AOL
Mark Cuban Source of Wealth: Sale of Broadcast.com

This list is interesting. I’m sure there are some missing like the Google Founders. Although, we’ll see how much mHealth is involved in . I’ve long said that many of these billionaires became interested in healthcare once they realized that their health was fragile. Once you’ve bought everything else you could imagine buying in this life, you go out and try and buy an improvement in your health. So far even billionaires have had few successes extending their lives. It’s great to see so many trying.

November 18, 2013 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 15 blogs containing almost 6000 articles with John having written over 3000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 14 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John launched two new companies: InfluentialNetworks.com and Physia.com, and is an advisor to docBeat. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: and and .

FitBit Raises $43 Million

This is great news for FitBit the company. That should be enough cash to really aggressively go after the mobile health market. Of course, with $43 million of funding and their previous $12 million third round of funding, they have no choice but to hit it out of the park now.

One advantage that FitBit has over a lot of the mobile health industry is that the FitBit is now sold in 15,000 retail locations across the US. Getting that type of distribution takes time and is a very strong asset for the company.

I’ll be interested to see where they take the technology next. One problem with being a hardware company is that your next model has to be better than your previous model. I’ll be interested to see how well they can execute their next FitBit models. Will they continue to make huge step forwards in mobile health devices or will they be just an evolution of their current product? The answer to that will determine whether FitBit is a great investment or not.

My question for you is: Does this amount of funding help to legitimize the mobile health space?

August 15, 2013 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 15 blogs containing almost 6000 articles with John having written over 3000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 14 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John launched two new companies: InfluentialNetworks.com and Physia.com, and is an advisor to docBeat. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: and and .