#4 Is VC right for your mental health business?

Hi friends,

Here’s a question I get asked by mental health founders…

“Do you think I should raise venture capital?”

It’s an important question.

Mainly because it’s one of the few irreversible decisions you can make as a founder.

Taking venture capital (VC) comes with a lot of benefits and for the last twenty years, it’s been the hot thing to do.

But, it’s not suited to every business.

In fact, it’s not suited to most businesses.

So I wanted to explore exactly what makes a mental health business a good match for VC and what you need to think about before taking investment.

That’s what we get into in today’s post.This week in The Hemingway Report:

• Venture in Mental Health: is VC right for your mental health business?

• Our Mental Health Funding Database: we made a database of all mental health investors and grants. And we’re giving it to you for free.

• The 2024-25 Australian Health Budget: and what it means for Australian mental health

• Enosis Therapeutics: the Melbourne startup developing a VR-integrated psychedelic therapy protocols

• Jobs: open positions at the top mental health businesses

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