Oct 26, 2021
April Koh is the youngest female founder to ever take a startup
from just an idea to unicorn status. We are so excited that
she’s accomplished this in the mental health space, and we are
excited for you to meet her and learn more about her Company,
Spring Health! For those who may not be familiar, Spring
Health is a provider of mental health benefits to employers for
their employees, and their employees’ families.
Spring Health’s product is a "precision mental healthcare"
platform that matches a company’s employees to the most effective
care for each employee. These care solutions that employees are
matched to include (but are not limited to) mindfulness and
meditation applications, care navigation tools, access to coaching
services, therapy, and medication management.
To date, Spring Health has raised $300mm of capital and April
and her team are truly pioneers in the mental health benefits
space. Their recent funding round valued the company at $2
billion and April herself, is now the youngest female founder to
lead a unicorn startup! She’s truly amazing and I’m excited
to share our conversation!
You can connect with April on LinkedIn:
April’s LinkedIn
Page
Spring Health Website: https://www.springhealth.com/
What If Fellowship: https://whatif.vc/fellowship
HERE ARE SOME OF THE THINGS WE TALKED
ABOUT:
- April shares the founding story of Spring Health with us. She
explains how she came up with the idea and tells the impressive
story about how she put a minimum viable product (MVP) together in
short order, impressed her soon to be co-founder to join her team,
and brought a business to life at lighting speed.
- April is the youngest female founder to grow a startup to
unicorn status, EVER! We talked with her about what this
accomplishment means for her, for female founders and for the
mental health space in general.
- April shares about her journey to realize there was a problem
worth solving in this space, coming up with an idea, deciding to
start a business and the path that she and the business took in the
early days.
- April talks with us about what Spring Health looked like in
those early days including how she recruited her co-founder, which
is quite an interesting and inspiring story.
- We talked further about exactly what Spring Health is from a
business point of view, how they win customers, what exactly they
provide, and how they get paid.
- April shared her vision for the future of the business and more
broadly, the future of the mental health care landscape.
- We always love to ask pioneers in the mental health space where
they view the biggest opportunities in our space (of course,
outside of what they are currently building) and April’s answers
there were certainly insightful for anyone looking to build a
mental health startup.
- Finally, April provides advice and “lessons learned” that she
wished she had known in the early days. I found her answers to be
so helpful I believe every founder in this space could learn from
April.
Connect with the Stigma Podcast in the following ways:
Website, Twitter, Facebook,
LinkedIn,
Email
Connect with host Stephen Hays here: Stephen Hays Personal Website,
Twitter, LinkedIn,
What If Ventures (Mental Health
Venture Fund)