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Chase Adam at Startup School NY 2014

Chase Adam at Startup School NY 2014

17 segments available

Chase Adam speaks at at Startup School NY 2014

Segments Timeline

1
0:00 - 0:34
0:34 duration92 words

Introducing Chase Adam and Watsi

Chase Adam, founder of Watsi, introduces his crowdfunding platform for healthcare, allowing donations as small as $5 to fund medical care for those in need. He shares his diverse background, including experiences in over 20 countries and his work with non-profits, setting the stage for his insights on healthcare and innovation.

"- Chase Adams, the founder of Watsi. Watsi is the crowdfunding platform for healthcare that lets anyone donate as little as $5 to fund medical care for people in need. So before starting Wasti, Chase..."

2
0:34 - 1:12
0:37 duration113 words

A New York Moment

Chase shares a humorous encounter he witnessed in New York, contrasting it with his experiences in San Francisco. This moment serves as a backdrop for his reflections on his time in the Peace Corps and the unexpected realizations he had upon returning home.

"Welcome Chase. - Thanks for having me. I love New York. I was just walking here and there was this really old construction worker crossing 42nd, and he was walking really slowly, and there was this yo..."

3
1:12 - 2:38
1:26 duration315 words

The Jaded Peace Corps Experience

Chase recounts a pivotal moment during his Peace Corps service in Central America, feeling jaded despite being in a beautiful place. He reflects on the stark contrast between his expectations of life back home and the reality of people pursuing meaningful work in San Francisco.

"in San Francisco. So about three and a half years ago, I was serving in the Peace Corps in Central America, and I was sitting in the back of a bus and I remember that at that point in my life, that bu..."

4
2:38 - 3:51
1:12 duration255 words

The Importance of Non-Profits

Chase emphasizes the critical role of non-profits in addressing issues that markets and governments cannot solve. He illustrates this with a poignant example of a girl in Somalia needing surgery, highlighting the necessity of non-profit intervention in healthcare.

"scale and speed with which things were happening in San Francisco. And so, I remember saying to everyone I saw, and this is a direct quote, I said, "Fuck, non-profits." I said, "I'm done with this." A..."

5
3:51 - 5:09
1:17 duration303 words

The Birth of Watsi

Inspired by a woman asking for donations on a bus, Chase envisions a global crowdfunding platform for healthcare. He shares the story of how he and his friends began working on Watsi, motivated by the desire to create a more efficient way to fund medical care.

"So there I am sitting in the back of this bus, in the most beautiful place on Earth, during the most exciting time of my life, and I'm somehow jaded beyond belief, and a woman gets on the bus, and she..."

6
5:09 - 6:44
1:35 duration368 words

Building the Watsi Team

Chase describes the early days of Watsi, recruiting friends and working part-time while balancing other jobs. He shares the challenges of finding a developer and the serendipitous connections that helped bring Watsi to life.

"To go back to my house, this is where I lived in the Peace Corps. Recruited my two best friends, Mark and Howard, to join the organization. We spent our last six months working on the business plan fo..."

7
6:44 - 8:12
1:27 duration328 words

The Launch of Watsi

Chase recounts the excitement and challenges of launching Watsi, including the initial struggles to gain traction. He shares the pivotal moment when a post on Hacker News led to overwhelming support and funding for their medical treatments.

"etc. , and we would jump on a hangout every single Tuesday and talk about our progress. At one point, we were 8 volunteers, across 4 continents, and 6 time zones, all working on Watsi. And in retrospe..."

8
8:12 - 9:22
1:10 duration261 words

The TechCrunch Moment

After a successful launch, Watsi gains attention from TechCrunch, marking a significant milestone for the organization. Chase reflects on the emotional impact of this recognition and the realization that many startups face similar struggles behind the scenes.

"mom donated, Grace's mom donated, Jesse's friends and family donated, and then it just died. A few hours nothing was happening. And so I decided to posted on Hacker News, had never posted on Hacker Ne..."

9
9:22 - 10:31
1:08 duration250 words

Facing Operational Challenges

Chase discusses the operational hurdles Watsi faced after their initial success, including the need for more patients and the chaotic processes that ensued. He highlights the importance of having a full-time team to manage these challenges.

"Watsi, so I remember reading the post a few minutes later after the kind of like the emotion died down, I remember turning to my girlfriend at the time and asking, you know, "Do you think that all the..."

10
10:31 - 12:05
1:34 duration393 words

The Decision to Go Full-Time

Recognizing the need for dedicated leadership, Chase decides to quit his job and work on Watsi full-time. He shares the challenges of fundraising for a non-profit and the lessons learned from initial failures.

"But at Watsi that house of cards was really about to come tumbling down, I mean, to give you an idea of how broken our operations were, we had never in a million years expected that we would fund all ..."

11
12:05 - 14:39
2:33 duration565 words

Winning the Huffington Post Competition

Chase recounts the intense experience of entering the Huffington Post competition, the stress of online voting, and the creative strategies employed by the team to secure votes. Winning the competition provided crucial funding for Watsi.

"salary then hopefully the salary of a few other people. So I read a bunch of, a bunch of books on non-profit fund raising, um, I go out, have a million meetings, I have no connections in the Valley at..."

12
14:39 - 16:05
1:26 duration369 words

The Y Combinator Experience

After winning the competition, Chase receives an invitation from Paul Graham to join Y Combinator. He shares the transformative experience of working with YC, focusing on key lessons learned about prioritization and collaboration.

"celebrate it, um, so we won the Huff Po competition, um... Immediately after, I'm flying down to Palm Springs to spend Thanksgiving with my dad, I'm in the plane, the plane lands and I start getting a..."

13
16:05 - 17:45
1:39 duration406 words

Lessons from Y Combinator

Chase reflects on the invaluable lessons learned during Y Combinator, including the importance of focusing on one key metric and recognizing that all startups face similar challenges. He emphasizes the value of perseverance and creativity.

"during YC think the biggest things for us, um... The first one was to just to focus on One Metric, that it was so easy for us to, like, get distracted by the million things that we had to do, and when..."

14
17:45 - 19:05
1:20 duration297 words

Building for the Long Term

Chase discusses Watsi's approach to growth and sustainability, emphasizing the importance of building a lasting organization. He shares insights on team dynamics, efficiency, and the challenges of scaling a non-profit.

"that we picked an arbitrary date, three months in the future, and we said, "The rounds closing on this date," and everyone said, "We're stupid." Like, "Why would you stop raising donations?", um, but ..."

15
19:05 - 20:33
1:27 duration355 words

The Power of a Strong Team

Chase highlights the significance of hiring talented individuals and building a strong team culture at Watsi. He expresses gratitude for his team's dedication and the impact they have made in raising funds for patients.

"means is that founding that initial team is just so important, um, not just from a technical perspective, but from a culture, and from a mission perspective, because if we do get lucky and Watsi does ..."

16
20:33 - 22:21
1:48 duration410 words

Challenges of Rapid Growth

Chase addresses the challenges Watsi faces with rapid growth, including managing resources and maintaining quality. He discusses the complexities of operating in multiple countries and the unique dynamics of their healthcare marketplace.

"So as a result of the work the team did, we grew 1007% in our first calendar year, um, but the stat I'm actually the most proud of is the fact that every single team member at Watsi raised more than 1..."

17
22:21 - 24:36
2:14 duration392 words

The Vision for Watsi's Future

In closing, Chase articulates Watsi's mission and the belief that every person matters. He envisions a future where global connectivity transforms how we view healthcare and emphasizes the importance of their work in this evolving landscape.

"So in closing, one question people always ask us, they think were crazy, they ask us, "Why? Why are you doing this?" Um, you know it's obviously not for the money, if money was the single most importa..."