CrowdMed

CrowdMed harnesses the wisdom of the crowd to help patients find the right path to a cure.

Its community of expert "Medical Detectives" resolve challenging medical cases more quickly, accurately, and inexpensively than the traditional medical system.

Patients who come to CrowdMed have wasted years and thousands of dollars bouncing from specialist to specialist, yet are still seeking answers. CrowdMed allows them to access a community of thousands of medical experts all at once, online, for a fraction of the price.

As Patrick Chung, one of the company's venture capital investors has said: "As the partner in charge of the consumer and seed investing practices at NEA, I led the firm's investment in CrowdMed because I was struck by the company's enormous market and the effectiveness with which CrowdMed’s highly innovative approach solves one of the biggest problems in healthcare today. From the very start, it has been clear that Jared has the passion, entrepreneurial skill, and domain expertise to bring large-scale crowdsourced medical answers to those who need them most. I’m thrilled by the company’s progress over the years, its top-notch team, its tens of thousands of users, and its dramatic patient successes. CrowdMed has built a proven and highly scalable platform — and with the right resources, CrowdMed will continue to improve millions of patients' lives around the world."

KEY FACTS
- 1/3 of families have suffered from an unresolved medical issue after seeing 2 physicians
- 20,000 medical detectives have registered for CrowdMed
- 1500 medical cases have been resolved on CrowdMed
- 28% reduction in medical costs for CrowdMed patients
- 3 paid pilots with major U.S. health plans
- Backed by several top-tier venture capital firms

With its current community of 20,000 registered medical detectives, the company has reached a point where it's ready to scale its services with health plans and engage more of its medical detective community. Health plans will cover its services for their millions of patients in need.

Team Background

Jared Heyman - Founder & CEO

Jared has spent the past 15 years as an Internet technology entrepreneur.

He founded his first company in college, the online survey firm Infosurv (www.infosurv.com), which he bootstrapped from zero to over $20M in cumulative revenue.

He also founded the Infosurv spin-out Intengo (www.gointengo.com) a leading-edge prediction market technology for market research.

He has been featured on Bloomberg TV, Fox News, USA Today, CBS News, NBC News, the Wall Street Journal, The Economist, Forbes, CNN Online, the Chicago Tribune, Entrepreneur magazine, TechCrunch, BusinessWeek, VentureBeat, Wired, Fast Company, NPR, MedCrunch, New Scientist magazine, and hundreds more.

He was also featured on the cover of Inc. magazine in November 2011 and gave a TEDMED talk in September 2014. He has spoken at several major healthcare and technology events, including the Rock Health Innovation Summit, Personalized Medicine World Conference, Exponential Medicine, and CA World.

Heyman was formerly a consultant at Bain & Company and graduated Magna Cum Laude from the University of Texas at Austin with majors in Business Honors and Marketing.

He is the lead inventor on multiple US patents related to prediction market technology.

Axel Setyanto - Co-Founder & Lead Developer

Software engineer with experience in Node.js, Python/Django, HTML5/CSS3.

Also worked on natural language processing (NLP), machine learning using support-vector machines (SVM), optical character recognition (OCR), geocoding using PostGIS, ElasticSearch, database management, and data mining.

BS from The University of Texas at Austin.

Co-Investors

Andreessen Horowitz

Stage-agnostic venture investor in Groupon, Instagram, Skype, Coinbase and Oculus VR

Y Combinator

Seed-stage accelerator whose alumni include Scribd, Reddit, Airbnb, Dropbox and Stripe

SV Angel

Prominent Silicon Valley-based early-stage investor. Investments include Airbnb, Square, Twitter, and Warby Parker.

Greylock Partners

One of the oldest venture firms, with committed capital of more than $2 billion. Portfolio includes Airbnb, Facebook and LinkedIn.

New Enterprise Associates

World's largest venture fund. Investments include 23andME, Duolingo, Lot18, Evernote, Gilt Groupe, BuzzFeed, & Jet.