Galen D Shaffer

Thrilled to share news of CVC's acquisition of Bamboo

After Eos led Bamboo's Series A in late 2022, the company has become a powerhouse in the California admitted market and we're excited to support them through their next chapter of growth with CVC

markets.ft.com/data/announce/…

My top cringe: When a founder calls GWP "ARR"

- it's not reoccurring (up for renewal annually, high shop possible depending on line)
- it's not revenue
- it tell me that you speak with investors more than insurers

Hinge Health went public yesterday and traded rapidly to $2.8B (5.6X forward EV/sales)

- Virtual musculoskeletal care platform, primarily distributing through health plans
- 2024: $390 Rev, 33% yoy rev growth, 77% GM
- First IPO of VC-backed digital health company in >3 years

I'm frustrated by the "AI insight" swamping my inbox

It's a stultifying mix of jargon and vague news scrapes

The real deal:
Nayya distributes via Mercer, their tech finds claims that ought to have been covered by a voluntary benefit

Until AI can say this, color me unimpressed

Places to find me in April:
- Medicarians (March 31st | Vegas)
- JD Powers - AI in Insurance (April 9th | Chicago)
- GIS (April 15th | Des Moines)

Drop me a line and let's find time