Investment to Impact: ex-BlackRock investor's Journey in Mental Health Innovation
Ever wonder what happens when a high-performing investor faces burnout and decides to rebuild her life around mental health and purpose?
In this episode of Low to Grow, Annie Wenmiao Yu sits down with Caitlin Ner, a global investor turned mental health tech leader and venture capitalist at PsyMed Ventures. Caitlin opens up about her personal experiences with mental illness, the pivotal role of therapy in her recovery, and how her journey inspired her to back innovative neuroscience and AI-driven startups improving access to care.
Together, Annie and Caitlin explore what it really takes to maintain mental well-being in high-pressure industries, how to navigate complex healthcare systems, and why the future of mental health care lies at the intersection of technology, neuroscience, and empathy.
You’ll learn:
- How personal mental health challenges can inspire purpose-driven careers
- The reality of entrepreneurship in the mental health startup space
- Insights from venture capital investing in neurotech and mental health innovation
- Why AI is reshaping access to therapy and support
- What it means to prioritize quality care and human connection in tech-driven solutions
- The therapy modalities that transformed Caitlin’s perspective — from CBT to brain spotting
Follow Low to Grow
Instagram: @lowtogrowpodcast
TikTok and YouTube: @lowtogrow
https://www.lowtogrow.com
Say hi: lowtogrowpodcast@gmail.com
Chapters
00:00 Introduction to Caitlin Ner's Journey
03:12 Transitioning to Mental Health
14:28 Navigating Professional Support
17:27 Exploring Therapy Modalities
20:09 From BlackRock to Startups
22:45 Lessons from Scaling Mental Health Startups
25:49 Caitlin's Venture Capital Insights
28:31 Innovations in Neurotechnology
31:01 From Harvard to King's College London
34:00 Advice for Aspiring Founders
36:27 Mental Health in the Filipino Community
38:58 Caitlin’s Advice to Her Younger Self
41:54 AI in Mental Health
Follow Caitlin Ner
LinkedIn: https://www.linkedin.com/in/caitlinner/
Website: https://psymed.ventures/
X: https://x.com/caitlinner
Instagram: https://www.instagram.com/caitlinclarisse/
Please Note: Low to Grow is for educational and awareness purposes only. It’s not a substitute for professional medical advice or treatment. If you’re struggling, please reach out to a licensed therapist or mental health professional. Free resources: https://www.mind.org.uk.
Feeling motivated? Take action today by subscribing to LIFT with Low to Grow, a weekly email newsletter with my personal take on all things Mental Health X Entrepreneurship!
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It all happened after a suicide
attempt where I was hospitalized
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and put on a psychiatric hold.
It was after over a decade of
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suicidal ideation.
Painting now is the Director of
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Operations at Simon Ventures,
helping to invest into the next
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wave of mental and brain health
technologies.
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However, interestingly, Katie's
career actually started off
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doing global infrastructure
investment at Black Frog, and
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this comes after she studied
economics and computer science
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at Harvard University.
The catalyst that led to that
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career tradition?
It really stemmed from one of
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the lowest parts of my life.
Welcome to Low to Grow, the
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podcast transforming life's
toughest moments into
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opportunity for growth.
I'm Annie, a Focus Under 30
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technology founder whose
entrepreneurship journey ran
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parallel to a mental health
awakening.
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In every episode, I sit down
with inspiring individuals and
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delve into how they managed to
turn their personal or
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professional challenges into
opportunities for growth.
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If you're facing uncertainty in
your life, feeling down, or
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simply need a kick of
inspiration to keep moving
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forward, this is your space for
the honest and uplifting
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conversations that you will want
to hear.
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Hit follow so you never miss an
episode and let's dive in.
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Today, I am delighted to
introduce someone who has worn
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more hats in her career than
most people try on in a
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lifetime.
Haiti now is the Director of
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Operations at Simon Ventures,
where she is helping to invest
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into the next wave of mental and
brain health technologies.
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Before that, she scaled growth
and operations at Cerebral,
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which is the mental health
startup Talking Access to Mental
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Health.
However, interestingly,
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Caitlin's career actually
started off doing global
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infrastructure investment at
BlackRock.
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And this comes after she studied
economics and computer science
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at Harvard University.
She is also now doing a master's
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in Apply Neuroscience at King's
College London.
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And to me, Caitlin is a living
example of what it looks like to
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build a career that's not just
impressive on paper, but also
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deeply mission driven.
Caitlin, welcome to the Low to
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Grow podcast.
Thank you so much for having me.
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Wonderful.
Well, Caitlin, who do you think
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will benefit the most from
listening to our conversation
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today?
So I think anyone who feels like
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they're behind life when they
really aren't, anyone who is
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navigating their sense of self
in this chaotic world and anyone
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who is tackling a mental illness
in their career.
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Right, let's just dive in then.
You studied at Harvard and then
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went on to work at Black Frog
before transitioning into the
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more mental health aspect of
your career.
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Could you tell me a bit more
about how that transition
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happened?
Yeah.
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So, you know, I started my
career in infrastructure and it
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really started because I was
interested in both having
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investing experience but also
having impact experience with
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infrastructure.
I was able to invest in a lot of
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socially impactful causes like
renewable energy, airports and
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more.
It was a great starting point
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for my career, but I quickly
learned it was essentially
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during the pandemic that it
wasn't where I wanted to be.
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You know, I started working on
deals and reading a lot of
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engineering reports and
operating reports and kind of
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losing alignment with what I
wanted to do and where I was at.
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How did you move from investment
into mental health?
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The catalyst that led to that
career transition, it really
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stemmed from one of the lowest
parts of my life.
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It all happened after a suicide
attempt where I was hospitalized
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and put on a psychiatric hold.
Now, a lot LED up to that.
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You know, it was after over a
decade of suicidal ideation, a
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really stressful work
environment In the COVID-19
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pandemic, I was an investor at a
large infrastructure fund over
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at BlackRock.
It was a multi trillion dollar
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fund.
I invested in assets like
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renewable energy, toll roads,
airports.
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And during the pandemic, I moved
out of my New York apartment and
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actually moved back in with my
parents.
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I was really lucky to have a
very safe family environment.
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But like many others, I was
socially isolated away from
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people my age for nearly a year.
You know, that isolation coupled
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with extremely long working
hours, working on multiple
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deals, it really led to chronic
stress, and I started to fall
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behind.
Even on work.
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I started to feel like my
technical skills weren't
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building as fast as possible,
and we were understaffed at
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work.
That stress turned into what I
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thought was depression, so I
asked my doctor to prescribe me
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with SSRI medication and that
really didn't help the symptoms
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at all.
Now around spring 2021, I was
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also very active on Twitter and
affiliated with an
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entrepreneurial community called
Launch House.
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It was series AA16Z back startup
hosted a lot of events and
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programming for early stage
founders and during that time I
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was actually invited to a
weekend hackathon in this multi
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$1,000,000 mansion.
Now imagine, you know, almost a
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year of isolation and then
suddenly being put in this
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environment with passionate
entrepreneurs building exciting
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products.
Suddenly in this flashy
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environment, it felt like I was
on top of the world.
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I felt like I had a switch.
I was so energized.
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I loved what I was working on.
During the hackathon.
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I met so many incredible people,
but I was also messaging
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hundreds of people offline.
I later learned that this was
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episode of mania.
I was not sleeping at all, 0
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hours per night for four days
straight, running 15 miles per
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day.
And you know, with this matic
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high came a eventual crash.
Like I mentioned, the suicide
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attempt.
There I learned that I had
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mental illness called bipolar
one, which many people know to
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have matic highs and depressive
lows, but also symptoms like
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psychosis, you know,
hallucinations of delusions and
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also suicidal thinking.
You know, that hospitalization
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really made me have that mental
shift away from the traditional
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finance world into the mental
health sort of world.
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Wow, that's a really profound
life experience, Caitlin, and
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also evidently a very difficult
one for you to have gone through
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and come out of.
So thank you so much for sharing
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that.
I'm quite curious to understand
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in the build up that led to
this.
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Crash.
How many months do you think
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that all of this had been
festering within you?
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I think the evident depression
was maybe around six or seven
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months.
You know, when we first
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transitioned to remote work, it
was very flexible.
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I was continue to work on, but I
started to experience lower
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energy.
It was very difficult to get out
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of bed, difficult to write
emails, while I actually had to
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work on these really intensive
deals with my team at work.
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But I would push on even if I
felt low energy because of the
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expectations to go to work, to
perform at my best, and to
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continue on.
I always told myself that
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everyone was stressed during
this time.
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It was a pandemic, there was a
lot of uncertainty, There were a
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lot of people that were ill, and
I always compared myself to the
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broader environment that
everyone was experiencing this.
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So I think that's what also
prevented me from getting more
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holistic care is because I
thought I was just one of many
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instead of really paying
attention to getting more
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adequate care to understand what
was happening to me.
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Did anyone around you notice the
change in you or suggest for you
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to get help whether it's a
family friend or a colleague?
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Yeah.
So I'm very lucky that I was
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living with my parents.
They noticed that there was that
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change.
I was very different when I was
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speaking at home outside of
work.
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I was definitely not as
energized to even perform in my
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job or to talk about hobbies or
anything outside of work.
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And that's what initially pushed
me to get the depression
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medication.
And I think that was the
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education piece.
I I did not know what bipolar
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was.
I have heard of depression.
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It was evident that I had
symptoms of depression.
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So I just thought, OK, let me
get on medication to prevent
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this.
But of course the medication for
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an illness like depression is
very different than bipolar
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disorder.
Did you speak to anyone about
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how you were feeling in that
period that led to the four days
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of mania?
At that point, I didn't have a
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professional like a therapist to
really dive into it.
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Like I would briefly say that I
was stressed to my family, but I
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didn't go down into the details.
You know, stress is common in in
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very high pressure jobs.
So I thought that it was just
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the norm.
So I didn't dig into why I was
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feeling that way.
I didn't dig into the suicidal
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ideation that was happening and
mustering inside of me.
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I tried to avoid it rather than
address it.
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And I think that's what led to
some of the more major aspects
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of the crises, is that I didn't
have the right tools to address
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it.
That makes sense.
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And I know earlier you mentioned
that you were leaving at home
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with her parents and that they
didn't notice that change in
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you.
Can you remember how they maybe
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try to point it out to you or
talk about it with you in that
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period?
Yeah, So I always was able to
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eat meals with my parents, and I
think that was one of the
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luckiest components.
I had a great support system
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during this very stressful time.
And I remember my parents
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starting to ask questions about
like, should you stay in this
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job?
And it wasn't about diagnosis.
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It was more of is this
environment the right one for
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you?
Maybe you should take a break.
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They recognize that, you know,
the job was not the best fit for
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me, but I had a lot of pressure
to stay as it was a great title.
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It was a great firm.
I was constantly amazed with my
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colleagues.
They were all very intelligent,
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so it was very difficult to take
a step to leave.
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But my parents immediately knew
that it wasn't the best fit for
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me, so they were very open about
that.
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It wasn't about you need to do
something, it was more curiosity
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and open endedness to try to
figure out a solution together.
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Understood.
For you, looking back to help
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someone in the audience who
might be in a similar position
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in the lead up to doing
something quite drastic, are
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there things or signs that you
wish your colleagues or your
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friends or family could have
spotted or maybe actions that
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they could have taken so that
you wouldn't have had to
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actually, you know, face such a
drastic event in your own life?
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It's very important to have
psycho education even if you
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don't have a mental illness of
your own.
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My parents, for example, never
sought out clinical care, so
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they didn't have the
psychoeducation to recommend a
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therapist to me.
I'd say with my colleagues, I
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didn't open up to them, so they
saw me performing and turning in
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projects.
So I don't think there's
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anything that my bosses or my
colleagues could have done to
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prevent that because I had, you
know, that facade in the work
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environment.
But I'd say that even if you
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don't have a mental illness now
and you want to prepare for the
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opportunity to support someone
else, think about what types of
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professionals you couldn't refer
your friends and family to.
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Because when you are depressed
or when you are manic or you're
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experiencing a mental illness,
it's very difficult to take the
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steps to get care.
It's difficult enough to know
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who to turn to, how to pay for
care, where to go for your
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specific illness.
So if you do that preparation
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ahead of time, you'll be able to
simply send over a resource.
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Make it as easy as possible for
that friend in need or that
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family member in need to start
to prevent anything more made
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during their life.
Being had experiences that you
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have had, if you could go back
to what would you advise your
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younger self to do differently?
I'd say that I would advise my
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younger self to not avoid
difficult conversations.
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When I was growing up and even
in my initial work environments
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when I felt like I needed help
or I didn't know the answer or I
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didn't have the right
professional care around me, I
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never spoke up because that's a
difficult conversation.
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You have to confront the
difficulties with your
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colleagues or your family
members if you have those
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difficult conversations.
But I always say now that if you
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avoid difficult conversations,
you are allowing yourself to
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have short term comfort over
long term dysregulation.
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So if you address those
difficult conversations now, you
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will be more regulated in the
long term.
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That makes sense.
And interestingly, I think
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that's what a lot of other
people thought I've spoken to
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also say it's to not avoid
difficult conversations and to
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actually talk it out.
And the talking is actually a
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process of processing those
emotions for yourself while so
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getting a conversation started
with people who are important to
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you.
Really, really appreciate you
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00:13:23,920 --> 00:13:27,800
mentioning that.
Caitlin, What resource do you
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wish that you had back when you
first started your job at
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BlackRock?
So it was actually a resource
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that BlackRock had available and
I only found out once my
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director really helps me out
with my medical leave is I think
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a lot more corporations need to
have mental health support for
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their employees, but not just
have that as a partnership with
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companies and organizations, but
really market that to their
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employees.
Make it a conversation as you
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onboard your employees.
I later learned that BlackRock
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actually had available
teletherapy care for their
250
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employees, but it it was not
something that I knew.
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I didn't have that on my phone.
I didn't have it on my laptop.
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It was only during the moment of
crisis that I found out that I
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could seek out a therapist
covered by the health insurance
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provided by my employer.
I think it's more about knowing
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what resources are available to
you and seeking out professional
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00:14:21,560 --> 00:14:26,120
care even when you don't have a
crisis at hand, even to prepare
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for any challenges that you'll
have in the future.
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Understood.
And I'm quite curious to
259
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understand what your journey of
learning about and trying to
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00:14:35,320 --> 00:14:37,680
understand what professional
support meant for you looked
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like.
Because I know that a lot of
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people that I speak to,
especially if they grow up in
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families where, you know,
perhaps they are the first ones
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00:14:44,560 --> 00:14:46,640
to want to seek professional
mental health support.
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There's almost a sense of not
knowing where to start.
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So quite curious to hear about
how that was like for you.
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Yes, it was a really long
journey because you know, first
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and foremost, even getting
psychiatric medications, it was
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not something that my family was
used to, that I was used to.
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So even knowing who to turn to,
what psychiatrist was
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specialized in bipolar one
versus depression versus other
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mental illnesses.
Also within the US ecosystem,
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the healthcare insurance
industry is quite complicated,
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especially for just a normal
employee that's trying to
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navigate all the pricing and the
eligibility amongst providers
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with your insurance.
So I remember trying to sign up
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for a psychiatrist, I had health
insurance and I thought it would
278
00:15:31,880 --> 00:15:34,800
be covered by my insurance, but
then getting bill at the end of
279
00:15:34,800 --> 00:15:38,200
the period because I had to pay
out of out of hand because it
280
00:15:38,200 --> 00:15:40,800
wasn't covered.
So I learned a lot about
281
00:15:40,800 --> 00:15:44,240
navigating through the insurance
world, navigating through
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00:15:44,240 --> 00:15:46,840
psychiatrists that were
specialized across different
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types of care.
And then also on the therapy
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side, you know, I started off,
you know, being really afraid to
285
00:15:54,400 --> 00:15:57,080
open up about what was happening
in my life.
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00:15:57,360 --> 00:16:00,160
I started off with one of the
broader teletherapy platforms
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called Better Help.
It was a great starting point.
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00:16:02,680 --> 00:16:06,360
I was able to get initial care,
but I started to realize that I
289
00:16:06,360 --> 00:16:08,720
wanted different modalities of
therapy.
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00:16:08,920 --> 00:16:12,320
I think talk therapy is one
option, but there's a lot of
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00:16:12,320 --> 00:16:15,200
different methods to deliver
therapy that I only learned
292
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about through the process of
seeking care.
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Interesting.
What are the modalities of
294
00:16:20,360 --> 00:16:24,800
therapy that you've explored?
I've explored a ton.
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00:16:24,800 --> 00:16:28,240
So, you know, started off with a
type of therapy that is very
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popular called cognitive
behavioral therapy.
297
00:16:30,800 --> 00:16:33,840
So very much a talk therapy
based modality.
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00:16:33,840 --> 00:16:37,240
And then I also explored
acceptance and commitment
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00:16:37,240 --> 00:16:41,920
therapy as well as EMDR, which
is very much trauma based.
300
00:16:42,280 --> 00:16:45,680
I also tried alternative
modality called brain spotting,
301
00:16:45,680 --> 00:16:50,280
which is also focused on trauma,
where a therapist holds a wand,
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navigates to a certain part of
your brain, and then processes
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00:16:53,640 --> 00:16:56,720
different traumas and emotions
with you as an objective
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00:16:57,040 --> 00:16:59,960
observer.
You know, a type of modality
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00:16:59,960 --> 00:17:02,600
that a lot of people don't know
and it's still a very new
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00:17:02,600 --> 00:17:05,079
modality.
I've also experienced
307
00:17:05,119 --> 00:17:08,599
psychedelic guiding in an
international setting where I
308
00:17:08,599 --> 00:17:12,960
had a guide navigate psilocybin
experience with me and then
309
00:17:13,200 --> 00:17:16,200
going through my experiences,
you know, all the way through to
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childhood as well.
So some therapies are more
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00:17:19,560 --> 00:17:23,560
accepted and and known in
broader society and then some
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00:17:23,560 --> 00:17:27,240
modalities that are still
finding its way to broader
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00:17:27,240 --> 00:17:31,520
acceptance and understanding.
How did you come across the
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00:17:31,520 --> 00:17:33,680
lesson Known Modalities of
Therapy?
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00:17:34,280 --> 00:17:38,520
I mean, one thing with me that I
realized is I'm a person that
316
00:17:38,520 --> 00:17:42,480
talks to a lot of people and
gets inspired by other people's
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00:17:42,480 --> 00:17:44,920
journeys.
And I learned about brain
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00:17:44,920 --> 00:17:47,800
spotting from someone who also
experienced this type of
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00:17:47,800 --> 00:17:50,520
modality.
She gave me some of the benefits
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00:17:50,520 --> 00:17:53,160
that was outside of the
traditional talk therapy.
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00:17:53,160 --> 00:17:56,560
And because of her referral, I
was able to try it myself and
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00:17:56,720 --> 00:17:59,560
had a wonderful relationship
with an integrative therapist
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00:17:59,560 --> 00:18:03,480
that really helped me process a
lot of trauma that was stuck in
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00:18:03,480 --> 00:18:07,120
my body and also some blocked
memories that I wasn't unable to
325
00:18:07,120 --> 00:18:09,680
uncover in traditional methods
of therapy.
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00:18:09,960 --> 00:18:13,960
And then with the psychedelic
community, it's a very global
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00:18:13,960 --> 00:18:16,800
community of folks that are
talking about different
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00:18:16,800 --> 00:18:19,520
modalities of care, different
psychedelic therapeutics as
329
00:18:19,520 --> 00:18:21,920
well.
And that was a lot just driven
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00:18:21,920 --> 00:18:24,720
by curiosity.
I knew that it was a very
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00:18:24,720 --> 00:18:28,080
stigmatized subject.
You know, a lot of people might
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00:18:28,080 --> 00:18:31,440
view it as controversial, but
there are places, places beyond
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the legal landscape that you can
do as.
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00:18:34,800 --> 00:18:38,000
You can find guides that can
help you navigate this type of
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00:18:38,000 --> 00:18:40,560
modality, especially in
international settings.
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00:18:41,400 --> 00:18:43,560
Interesting.
And then Caitlin, I know that,
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00:18:43,560 --> 00:18:46,280
you know, it sounds like you've
had this longer journey, which
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00:18:46,280 --> 00:18:50,000
really was catalyzed by the
episodes that you had was
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00:18:50,000 --> 00:18:52,640
working at Black Frog.
Did you then go back to work at
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00:18:52,640 --> 00:18:55,800
Black Frog, or did you
immediately even try to navigate
341
00:18:55,800 --> 00:18:59,720
towards another type of role?
So, you know, working at a
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00:18:59,720 --> 00:19:04,280
company as globally recognized
and successful as BlackRock, one
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00:19:04,280 --> 00:19:06,960
of the best things with
BlackRock is he had excellent
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00:19:06,960 --> 00:19:09,760
medical leave.
You know, coming out of this
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00:19:09,960 --> 00:19:13,000
burnout and this experience, I
thought, you know, I needed to
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00:19:13,000 --> 00:19:16,280
rest.
I needed to have a break from my
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00:19:16,280 --> 00:19:19,120
career.
And I had a really wonderful
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00:19:19,120 --> 00:19:23,640
director on my team that was
there with me, you know, through
349
00:19:23,640 --> 00:19:27,040
the process and helped me take
that medical leave, not just
350
00:19:27,040 --> 00:19:30,240
immediately quit, but really
take the time to find out what I
351
00:19:30,240 --> 00:19:34,080
needed to do next in terms of my
clinical care, in terms of where
352
00:19:34,080 --> 00:19:38,080
I wanted to live, what I wanted
to do, if I wanted to take a
353
00:19:38,080 --> 00:19:41,120
break or go back to BlackRock.
And you know, the the best thing
354
00:19:41,120 --> 00:19:45,680
about that is though, it was the
catalyst that really made me
355
00:19:45,760 --> 00:19:48,480
make this change in my career.
They really supported me in
356
00:19:48,480 --> 00:19:50,880
finding that next step.
I love that.
357
00:19:51,160 --> 00:19:54,280
Could you share a bit more about
then you know, the emotions that
358
00:19:54,280 --> 00:19:57,040
you went through to pivot your
career?
359
00:19:58,040 --> 00:20:01,080
Yes.
So one of the things that I did
360
00:20:01,080 --> 00:20:03,920
initially coming out of
BlackRock as one ambitious type
361
00:20:03,920 --> 00:20:07,440
of person does, is I was
thinking, how can I make this
362
00:20:08,080 --> 00:20:12,640
life experience into a startup?
So instead of fully resting in
363
00:20:12,640 --> 00:20:15,320
the very beginning, I was, you
know, very fascinated and
364
00:20:15,320 --> 00:20:18,040
connected with entrepreneurial
communities at the time.
365
00:20:18,040 --> 00:20:21,080
There were some teletherapy
companies that were emerging
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00:20:21,080 --> 00:20:26,360
back in 2021 and I was thinking
of really segmenting into youth
367
00:20:26,360 --> 00:20:29,920
teletherapy.
So what I did, you know, not
368
00:20:29,920 --> 00:20:32,920
having full time startup
experience, I drove into the
369
00:20:32,920 --> 00:20:36,080
industry myself and it was
actually quite healing for me
370
00:20:36,080 --> 00:20:39,720
because I was interviewing, you
know, teenagers that were
371
00:20:39,720 --> 00:20:42,080
experiencing mental health
issues, was talking to
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00:20:42,080 --> 00:20:45,920
therapists that were trying to
build out practices for youth.
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00:20:46,240 --> 00:20:48,480
I was talking to insurance
providers about some of the
374
00:20:48,840 --> 00:20:52,800
issues with the current system.
And so even if this startup
375
00:20:52,800 --> 00:20:57,680
failed, I didn't reach that next
level of funding or didn't have
376
00:20:58,320 --> 00:21:03,280
a long experience with this
company because I was very
377
00:21:03,280 --> 00:21:06,120
interested in the space and dove
deep and spoke to a lot of
378
00:21:06,120 --> 00:21:09,880
people in the mental health
industry outside of having a
379
00:21:09,880 --> 00:21:12,080
job.
You know, through my own
380
00:21:12,080 --> 00:21:16,320
curiosity, I was able to get a
lot of industry experience and
381
00:21:16,320 --> 00:21:20,360
kind of make a bet on what kinds
of companies could actually grow
382
00:21:20,360 --> 00:21:23,080
in the ecosystem.
So I ended up closing down that
383
00:21:23,080 --> 00:21:26,640
startup and joined a really fast
growing cell therapy startup
384
00:21:26,640 --> 00:21:30,640
called Cerebral.
It was a massive Unicorn, you
385
00:21:30,640 --> 00:21:32,920
know, became a Unicorn in about
two years.
386
00:21:33,240 --> 00:21:36,080
And I LED growth and operations
there and was also part of the
387
00:21:36,080 --> 00:21:39,320
insurance department.
And like I mentioned, the US
388
00:21:39,320 --> 00:21:41,880
healthcare industry, especially
with insurance can be quite
389
00:21:41,880 --> 00:21:44,000
complicated.
So I was working with very
390
00:21:44,000 --> 00:21:48,920
passionate team members both in
providing care to a wide range
391
00:21:48,920 --> 00:21:52,520
of mental illnesses as well as
having partnerships with these
392
00:21:52,600 --> 00:21:56,240
insurance providers, navigating
the complicated aspects of
393
00:21:56,240 --> 00:22:00,280
billing, navigating new product
launches and different types of
394
00:22:00,280 --> 00:22:02,640
illnesses as well.
It took that you know,
395
00:22:02,640 --> 00:22:07,040
experience as a founder and
really applied it to a bigger,
396
00:22:07,200 --> 00:22:09,040
fast growing startup in this
space.
397
00:22:09,760 --> 00:22:13,960
You were really in the trenches
of helping to scale access to
398
00:22:14,000 --> 00:22:17,360
good quality mental health care.
I wanted to ask you as someone
399
00:22:17,360 --> 00:22:21,160
who's also operated in that
really high pressure startup
400
00:22:21,160 --> 00:22:25,080
environment, what is something
that you learn about growth and
401
00:22:25,080 --> 00:22:27,760
also what is something that you
learn about yourself over your
402
00:22:27,760 --> 00:22:31,280
time there?
A very interesting aspect about
403
00:22:31,280 --> 00:22:33,760
Cerebral was it was one of the
fastest growing mental health
404
00:22:33,760 --> 00:22:37,480
startups in the industry.
And I saw the impacts of venture
405
00:22:37,480 --> 00:22:40,120
capital on a startup.
You know, when you have venture
406
00:22:40,120 --> 00:22:42,920
funding, you have to scale to
certain degrees.
407
00:22:43,120 --> 00:22:46,360
You're looking for certain
revenue, for certain changes
408
00:22:46,360 --> 00:22:49,480
within the products and more
with hiring and and more.
409
00:22:49,800 --> 00:22:53,040
We ended up having some
controversies within the company
410
00:22:53,040 --> 00:22:55,120
because we were scaling so
quickly.
411
00:22:55,440 --> 00:22:58,880
We had hundreds of thousands of
patients and within healthcare
412
00:22:58,880 --> 00:23:01,240
products, you're not just
providing a service, you're
413
00:23:01,240 --> 00:23:03,920
providing healthcare.
There is a patient at the end of
414
00:23:03,920 --> 00:23:07,360
the line that has an illness.
There's a patient that might
415
00:23:07,360 --> 00:23:10,240
potentially have comorbidities
with multiple illnesses.
416
00:23:10,600 --> 00:23:14,040
And so when you're building in
healthcare, you're not mainly
417
00:23:14,320 --> 00:23:17,480
just seeking revenue, you are
also providing the highest
418
00:23:17,480 --> 00:23:20,880
quality of care that you need.
And so when I saw, you know,
419
00:23:20,880 --> 00:23:24,600
these controversies at Cerebral,
it really gave me this outlook
420
00:23:24,600 --> 00:23:28,520
that there is opportunity for
mental health startups and brain
421
00:23:28,520 --> 00:23:30,760
health startups to seek venture
funding.
422
00:23:31,120 --> 00:23:34,120
But as startups such as this
start to scale, we need to
423
00:23:34,120 --> 00:23:39,040
really prioritize quality of
care and the patient journey as
424
00:23:39,040 --> 00:23:41,280
much as growth.
And I think that's something
425
00:23:41,280 --> 00:23:44,040
that you don't see in every
industry where you don't have
426
00:23:44,360 --> 00:23:46,560
health and the end of the line
and a life at the end of the
427
00:23:46,560 --> 00:23:48,200
line.
I've really taken this
428
00:23:48,200 --> 00:23:52,240
experience here in my journey
now as a venture capitalist
429
00:23:52,240 --> 00:23:55,080
because we speak to a lot of
founders who want to grow and
430
00:23:55,080 --> 00:23:57,600
scale quickly, which is a very
important component of the
431
00:23:57,600 --> 00:24:00,480
industry.
But putting the patient, whoever
432
00:24:00,480 --> 00:24:03,400
you're treating, at the end of
the line as the most important
433
00:24:03,480 --> 00:24:08,080
priority of your product is
essential to whatever you build.
434
00:24:09,000 --> 00:24:12,040
Is that something that can be
lost along the way of trying to
435
00:24:12,040 --> 00:24:14,520
scale?
Yes, I definitely think it can
436
00:24:14,520 --> 00:24:16,760
be.
You know there I talk a lot
437
00:24:16,760 --> 00:24:19,920
about founder mental health
within the broader
438
00:24:20,200 --> 00:24:23,240
entrepreneurial ecosystem.
And the reality is there is
439
00:24:23,240 --> 00:24:27,200
always external pressures to be
able to grow, to reach your next
440
00:24:27,200 --> 00:24:31,440
funding milestone or to get that
next 100,000 patients.
441
00:24:31,480 --> 00:24:34,880
And especially as you grow your
company, you start to really
442
00:24:34,880 --> 00:24:38,760
delegate your your experience
and your operating experience to
443
00:24:38,760 --> 00:24:43,080
more people and start to be more
separated from the end patient
444
00:24:43,080 --> 00:24:46,000
that is a part of your product.
What I like to remind my
445
00:24:46,000 --> 00:24:50,080
founders that I speak to is that
at the end of the day, with
446
00:24:50,120 --> 00:24:52,800
within all these mental and
brain health startups, we are
447
00:24:52,800 --> 00:24:56,720
here to change the way the
illness is treated and we really
448
00:24:56,720 --> 00:24:59,720
want to make that impact in the
patient's life.
449
00:25:00,200 --> 00:25:03,800
Even if there is that pressure
to make a certain revenue figure
450
00:25:04,040 --> 00:25:06,840
or to get to that next
milestone, you always have to
451
00:25:06,840 --> 00:25:10,480
prioritize the patient.
And Caitlin, now you are a
452
00:25:10,520 --> 00:25:13,400
venture capitalist with Simon
Ventures, where you invest into
453
00:25:13,440 --> 00:25:15,280
brain analyzing mental health
companies.
454
00:25:15,680 --> 00:25:19,200
Not all venture capital
investors have operational
455
00:25:19,200 --> 00:25:21,120
backgrounds, especially founder
backgrounds.
456
00:25:21,760 --> 00:25:25,360
How do you think that your
experience of having tried to
457
00:25:25,360 --> 00:25:28,200
build a company as a founder in
the mental health space gives
458
00:25:28,200 --> 00:25:32,880
you an additional edge?
I think it's really, really
459
00:25:32,880 --> 00:25:35,240
useful because when you speak to
a founder, you know, they're
460
00:25:35,240 --> 00:25:38,280
often buttoned up, they have
their numbers at hand, they have
461
00:25:38,280 --> 00:25:40,320
the product memorized back and
forth.
462
00:25:40,680 --> 00:25:43,080
But the reality is
entrepreneurship is messy.
463
00:25:43,400 --> 00:25:45,440
You know, when you're an early
stage founder like the
464
00:25:45,440 --> 00:25:48,560
precedent, see Sage Founders
that we speak to, it's very
465
00:25:48,560 --> 00:25:50,320
exciting.
You have a big mission and
466
00:25:50,320 --> 00:25:52,360
vision for the company that
you're trying to build.
467
00:25:52,640 --> 00:25:56,120
But the reality is there's a lot
of uncertainty in terms of a lot
468
00:25:56,120 --> 00:25:59,280
of the challenges you will face,
a lot of the product changes
469
00:25:59,280 --> 00:26:00,680
that will happen in your
company.
470
00:26:01,000 --> 00:26:04,000
There will be stress, there will
be hiring, there will be firing.
471
00:26:04,000 --> 00:26:06,880
There will be a lot of
opportunities for you to grow as
472
00:26:06,880 --> 00:26:09,280
a leader.
And because of my experience
473
00:26:09,280 --> 00:26:12,640
both as a founder, as an and as
an operator at a growth stage
474
00:26:12,640 --> 00:26:16,640
company, I think that I have
that lived experience to both
475
00:26:16,720 --> 00:26:19,800
advise founders with the type of
decisions they make, whether
476
00:26:19,800 --> 00:26:23,120
that's go to market decisions,
product decisions, hiring
477
00:26:23,120 --> 00:26:26,320
decisions.
And I also have a lot of empathy
478
00:26:26,320 --> 00:26:28,920
towards the founder that it's
impossible to have all the
479
00:26:28,920 --> 00:26:31,120
answers.
And that's why you should seek
480
00:26:31,120 --> 00:26:36,280
out advisors for support as well
as your own teammates to be able
481
00:26:36,280 --> 00:26:38,480
to supplement a lot of the
things that you don't know.
482
00:26:38,960 --> 00:26:42,560
I'll ask you the flip side of
the question, which is now that
483
00:26:42,560 --> 00:26:45,880
you have been a venture
capitalist for a while, what is
484
00:26:45,880 --> 00:26:49,120
one thing that you have started
to value more, which you perhaps
485
00:26:49,120 --> 00:26:51,280
didn't when you were a founder
or an operator?
486
00:26:52,360 --> 00:26:54,200
Yeah.
I think one of the best things
487
00:26:54,200 --> 00:26:58,120
that I have really developed as
a venture capital investor is
488
00:26:58,360 --> 00:27:02,840
the ability to quickly learn so
many different industries and
489
00:27:02,840 --> 00:27:06,360
technologies very quickly.
I think when you're working as
490
00:27:06,360 --> 00:27:09,920
an operator or founder, you're
really dialed into one specific
491
00:27:10,160 --> 00:27:14,080
company, one specific product.
As a venture capital investor,
492
00:27:14,320 --> 00:27:17,800
you are essentially curious
about so many different
493
00:27:17,800 --> 00:27:22,200
questions technologies.
You are able to ask questions to
494
00:27:22,240 --> 00:27:26,280
people that are even more
experienced than you in whatever
495
00:27:26,280 --> 00:27:29,320
technology that you're
interested in exploring.
496
00:27:29,480 --> 00:27:33,280
Whilst before I was more dialed
in into one specific company as
497
00:27:33,280 --> 00:27:36,880
an investor, now if I'm
interested in a topic I simply
498
00:27:37,080 --> 00:27:40,800
reach out to as many people that
are already dialed into that
499
00:27:40,800 --> 00:27:44,320
industry and start to ramp up my
own understanding of the
500
00:27:44,320 --> 00:27:48,080
technology at hand.
And I guess the natural question
501
00:27:48,080 --> 00:27:51,000
would be, what kind of
innovations are you most excited
502
00:27:51,000 --> 00:27:52,320
about in the mental health
space?
503
00:27:53,000 --> 00:27:56,120
I'm incredibly excited about
neurotechnologies or
504
00:27:56,160 --> 00:27:59,600
neurotechnology can both be
mentally invasive and invasive.
505
00:27:59,920 --> 00:28:02,320
We have a couple companies that
we've invested in that are
506
00:28:02,320 --> 00:28:03,920
typically more minimally
invasive.
507
00:28:04,000 --> 00:28:07,960
Part of the interesting aspects
of neurotechnology is you can
508
00:28:07,960 --> 00:28:11,360
essentially use electricity to
modulate parts of the brain that
509
00:28:11,360 --> 00:28:14,240
are affected by certain mental
illnesses like treatment
510
00:28:14,240 --> 00:28:16,640
resistant depression, anxiety
and more.
511
00:28:17,000 --> 00:28:19,880
A lot of the patients that seek
out neurotech, they've tried
512
00:28:19,880 --> 00:28:23,680
many medications, they've tried
so many therapies, but nothing
513
00:28:23,680 --> 00:28:26,600
is working, hence the treatment
resistant case.
514
00:28:26,920 --> 00:28:32,160
Neurotech offers a new modality
to quiet down and modulate the
515
00:28:32,160 --> 00:28:35,040
parts of the brain that is
affected by these mental
516
00:28:35,040 --> 00:28:36,640
illnesses.
So very excited about this
517
00:28:36,640 --> 00:28:40,080
broader industry.
Are there any companies that you
518
00:28:40,080 --> 00:28:42,320
want to give a shout out to?
Yes.
519
00:28:42,320 --> 00:28:45,480
So within the neurotech space,
I'm very excited about a couple
520
00:28:45,480 --> 00:28:48,680
companies in our portfolio.
So Motif Neurotech really
521
00:28:48,680 --> 00:28:50,640
focused on treatment resistant
depression.
522
00:28:50,640 --> 00:28:53,800
They've created a minimally
invasive implant that modulates
523
00:28:53,800 --> 00:28:55,560
the part of the brain for
depression.
524
00:28:55,880 --> 00:28:59,440
It was founded by an assistant
professor in Rice University
525
00:28:59,440 --> 00:29:03,080
that spent over a decade working
on miniaturizing the device that
526
00:29:03,080 --> 00:29:07,120
sends the electrical signals and
after a career in academia, was
527
00:29:07,120 --> 00:29:11,080
ready to commercialize his
research and is now in early
528
00:29:11,080 --> 00:29:12,800
clinical trials for their
company.
529
00:29:13,240 --> 00:29:15,920
And then another company that
I'm very excited about in
530
00:29:15,920 --> 00:29:18,800
neurotech is called Neurod.
They're very focused on
531
00:29:19,200 --> 00:29:23,760
improving attention for folks.
So, you know, ADHD is a mental
532
00:29:23,760 --> 00:29:26,400
illness that is specifically
impacted by attention.
533
00:29:26,400 --> 00:29:30,360
But they also have hopes to
widen their products for anyone
534
00:29:30,360 --> 00:29:32,000
who's seeking to have better
attention.
535
00:29:32,400 --> 00:29:36,000
An interesting part about their
product is they also allow brain
536
00:29:36,000 --> 00:29:39,000
scanning live.
You're able to get a data set of
537
00:29:39,080 --> 00:29:42,840
your brain on a daily basis, as
well as the stimulation that
538
00:29:42,840 --> 00:29:44,440
they provide to increase that
attention.
539
00:29:45,400 --> 00:29:48,680
OK, wow, interesting.
Are there any common challenges
540
00:29:48,680 --> 00:29:52,200
that founders are trying to
innovate in neurotech phase?
541
00:29:53,200 --> 00:29:57,400
I think the reality is the
ecosystem is really early, it's
542
00:29:57,400 --> 00:30:00,960
really young and there's a lot
of uncertainty, especially for
543
00:30:01,240 --> 00:30:05,240
clinical neurotech in terms of
the regulation to get a product
544
00:30:05,240 --> 00:30:08,400
approved and sold within, for
example, the US market.
545
00:30:08,400 --> 00:30:10,480
And I can imagine also in the
European market.
546
00:30:10,800 --> 00:30:12,800
If it's a consumer product, less
so.
547
00:30:12,800 --> 00:30:16,400
But a lot of these products that
really want to target clinical
548
00:30:16,400 --> 00:30:20,040
diagnosis, they really need to
think through regulation and how
549
00:30:20,040 --> 00:30:22,920
to actually get that approval
for the product to reach
550
00:30:22,920 --> 00:30:25,920
patients.
Understood Caitlin, I want to
551
00:30:25,920 --> 00:30:29,680
take the conversation into the
subjects that you have studied.
552
00:30:29,920 --> 00:30:32,120
So I know that at Harvard, I
guess when you were doing your
553
00:30:32,120 --> 00:30:35,560
first degree it was in economics
and computer science and now you
554
00:30:35,560 --> 00:30:38,160
are doing a Master's at King's
College London more in
555
00:30:38,160 --> 00:30:40,920
neuroscience.
What motivated you to apply to
556
00:30:40,920 --> 00:30:43,040
do about Master's?
Yes.
557
00:30:43,040 --> 00:30:47,440
So back when I was in college, I
was a very motivated student and
558
00:30:47,440 --> 00:30:49,840
took classes outside of my own
course load.
559
00:30:49,840 --> 00:30:52,800
So it took some psychology
courses, took some neuroscience
560
00:30:52,800 --> 00:30:55,360
courses, some environmental
science courses as well.
561
00:30:55,680 --> 00:30:58,360
I knew that I wanted to land in
economics and computer science
562
00:30:58,360 --> 00:31:01,320
because I was interested in
business, could really see the
563
00:31:01,320 --> 00:31:04,200
applications of those degrees
for my career.
564
00:31:04,520 --> 00:31:07,320
But essentially, I decided to
get a masters at King's College
565
00:31:07,320 --> 00:31:10,320
London, which is an excellent
program for working
566
00:31:10,320 --> 00:31:14,520
professionals because I was
really motivated by my time at
567
00:31:14,520 --> 00:31:16,720
time adventures.
You know, I'd speak to founders
568
00:31:16,720 --> 00:31:20,040
who had pH, DS in neuroscience,
professors that spent their
569
00:31:20,320 --> 00:31:24,840
careers working in neuroscience.
And as a venture capitalist, I
570
00:31:24,840 --> 00:31:27,560
was able to ask a lot of
questions about their
571
00:31:27,560 --> 00:31:30,760
technologies, their products,
But, you know, started to see
572
00:31:30,760 --> 00:31:34,680
where I wanted to gain a little
bit of a deeper understanding of
573
00:31:34,680 --> 00:31:38,360
some core neuroscience,
foundational theories and a
574
00:31:38,360 --> 00:31:39,760
better understanding of the
brain.
575
00:31:40,320 --> 00:31:43,880
I knew that I wanted to really
dedicate my career to the mental
576
00:31:43,880 --> 00:31:47,000
and brain health industry.
And so I thought to go back to
577
00:31:47,000 --> 00:31:49,840
academia, really gained that
foundational understanding,
578
00:31:50,120 --> 00:31:52,840
really get, you know, those
advanced modules into certain
579
00:31:53,440 --> 00:31:56,840
areas of neuroscience as well to
be able to supplement my career
580
00:31:56,840 --> 00:31:59,000
in venture and then also in
startups.
581
00:31:59,320 --> 00:32:02,600
What advice would you give to
other young professionals who
582
00:32:02,640 --> 00:32:06,680
are trying to stay relevant in
industries where maybe AI tools
583
00:32:06,760 --> 00:32:09,200
are increasingly more commonly
used?
584
00:32:10,160 --> 00:32:14,240
I'd say the reality is similar
to how AI is being increasingly
585
00:32:14,240 --> 00:32:19,240
used in every industry, all the
information for every industry
586
00:32:19,240 --> 00:32:23,040
is also available online.
You're able to search and even
587
00:32:23,040 --> 00:32:26,120
use these AI platforms to get up
to speed with absolutely
588
00:32:26,120 --> 00:32:28,080
anything that you're curious
about.
589
00:32:28,560 --> 00:32:32,440
And then the other aspect of
this is really speak to people
590
00:32:32,440 --> 00:32:34,360
who are a few steps ahead of
you.
591
00:32:34,800 --> 00:32:39,040
It might be someone who is in
academia instead of startups of
592
00:32:39,040 --> 00:32:42,440
someone who is a director whilst
you're still starting out as an
593
00:32:42,440 --> 00:32:45,320
analyst for example.
You should be able to have these
594
00:32:45,320 --> 00:32:47,960
conversations to get a better
understanding of what else you
595
00:32:47,960 --> 00:32:52,120
need to know to pursue that part
of your career in your industry,
596
00:32:52,120 --> 00:32:54,920
to stay as relevant and up to
date as possible.
597
00:32:55,040 --> 00:32:58,480
And for you, Caitlin, who are
some people who have really
598
00:32:58,480 --> 00:33:02,840
inspired you as you've begun
really delving into the space of
599
00:33:02,840 --> 00:33:05,320
mental health and now that
you're starting your master's
600
00:33:05,320 --> 00:33:08,400
too.
So I'm going to use a cop out
601
00:33:08,400 --> 00:33:11,000
answer because it's people that
I work with, my general
602
00:33:11,000 --> 00:33:13,800
partners, Greg Kubin and Mathias
Sierra Brinski.
603
00:33:14,160 --> 00:33:17,680
Even before I joined the firm, I
actually followed their podcast
604
00:33:17,680 --> 00:33:20,120
and learned a lot about the
psychedelic and mental health
605
00:33:20,120 --> 00:33:23,200
industry and the types of
founders that they engaged with.
606
00:33:23,360 --> 00:33:26,560
What I really admire about the
way they're navigating through
607
00:33:26,560 --> 00:33:29,160
this space is, you know, they
don't have a traditional
608
00:33:29,400 --> 00:33:32,240
neuroscience PhD background,
They don't have a master's in
609
00:33:32,240 --> 00:33:34,400
neuroscience.
But they really learned the
610
00:33:34,400 --> 00:33:38,440
industry by actually doing the
work, investing in the space, by
611
00:33:38,520 --> 00:33:42,320
meeting founders, by staying as
up to date with all the
612
00:33:42,320 --> 00:33:46,600
innovations, by creating events
in the ecosystem, and by
613
00:33:46,600 --> 00:33:50,080
attending all these conferences.
It really shows that you don't
614
00:33:50,080 --> 00:33:53,280
have to have an entire singular
career.
615
00:33:53,280 --> 00:33:56,400
You can start off in one
industry and learn another
616
00:33:56,400 --> 00:33:58,880
industry at any point of your
career as well.
617
00:33:58,920 --> 00:34:03,160
So yes, they are definitely the
people that I admire the most in
618
00:34:03,160 --> 00:34:06,720
in the ecosystem.
And for any of our listeners who
619
00:34:06,720 --> 00:34:09,600
might be building in the mental
health or brain health space,
620
00:34:09,800 --> 00:34:13,440
when should they reach out to
you or your colleagues at Simon
621
00:34:13,440 --> 00:34:16,440
Ventures?
Yeah, so we're always excited to
622
00:34:16,440 --> 00:34:19,320
meet early stage founders.
You know, it can even just be an
623
00:34:19,320 --> 00:34:22,040
idea and you don't have a
product yet.
624
00:34:22,040 --> 00:34:24,920
We'd be very excited to
brainstorm with you as well.
625
00:34:24,920 --> 00:34:28,719
My e-mail is probably going to
be shared with the listeners of
626
00:34:28,719 --> 00:34:31,520
this podcast.
I'm always available to discuss.
627
00:34:31,560 --> 00:34:34,360
So whether or not you have a
deck that's ready or you're
628
00:34:34,360 --> 00:34:37,520
still just thinking an idea,
we're excited to hear your
629
00:34:37,520 --> 00:34:41,159
product and hear about your
company and really work with you
630
00:34:41,159 --> 00:34:43,840
to build a successful and
sustainable company in this
631
00:34:43,840 --> 00:34:46,880
space.
What type of companies would
632
00:34:46,880 --> 00:34:49,520
Simon Ventures typically want to
be investing in?
633
00:34:50,440 --> 00:34:53,320
We have a general thesis in
mental and brain health, but I
634
00:34:53,320 --> 00:34:56,440
like to explain that we invest
in a wide range of technologies.
635
00:34:56,440 --> 00:35:00,080
We do both the biotech
companies, so pharmaceuticals as
636
00:35:00,080 --> 00:35:03,080
well as tech companies.
You know, I mentioned neurotech
637
00:35:03,080 --> 00:35:06,480
earlier, Med devices,
infrastructure companies, care
638
00:35:06,480 --> 00:35:09,760
delivery companies, essentially
anything that's changing the way
639
00:35:09,760 --> 00:35:11,440
mental and brain illness is
treated.
640
00:35:11,720 --> 00:35:15,440
We are happy to work with the
founder to get to those next,
641
00:35:15,680 --> 00:35:17,240
you know, stages of their
company.
642
00:35:17,760 --> 00:35:20,400
And because we are such a
specialized firm, you know, we
643
00:35:20,400 --> 00:35:24,040
focus really in this one niche.
We also like to provide our
644
00:35:24,040 --> 00:35:27,880
network, our expertise in the
industries so we can brainstorm
645
00:35:27,880 --> 00:35:31,240
with the founders on how to
navigate their challenges, how
646
00:35:31,240 --> 00:35:35,360
to connect with the best people
to hire for their next wave of
647
00:35:35,360 --> 00:35:38,280
growth as well anything related
to mental and brain health.
648
00:35:38,640 --> 00:35:41,480
Very excited to chop the
founders building in the space.
649
00:35:42,080 --> 00:35:45,520
What is Simon Ventures like to
have on board as an investor?
650
00:35:46,600 --> 00:35:50,040
What we like to explain to our
founders is we we like to see
651
00:35:50,040 --> 00:35:52,000
ourselves as an ecosystem
builder.
652
00:35:52,240 --> 00:35:55,440
You know, when you're a founder
with us, for example, you can be
653
00:35:55,440 --> 00:35:58,960
featured in our in house podcast
to reach more potential
654
00:35:58,960 --> 00:36:00,840
customers, to reach more
investors.
655
00:36:01,120 --> 00:36:04,800
We're also really connected with
other Tier 1 VCs, later stage
656
00:36:04,800 --> 00:36:06,800
VCs.
So when you need help with
657
00:36:06,800 --> 00:36:10,280
fundraising later rounds, we can
really work with you through
658
00:36:10,280 --> 00:36:14,000
your pitch Jack, really be that
type of VC that you can be
659
00:36:14,000 --> 00:36:16,960
honest with.
And you know, we are mental and
660
00:36:16,960 --> 00:36:19,440
brain health, the VC.
So we do know that founders
661
00:36:19,440 --> 00:36:22,200
experience their own mental
health journeys throughout this
662
00:36:22,200 --> 00:36:24,240
experience.
So we like to have full
663
00:36:24,240 --> 00:36:26,960
transparency with our founders.
You know, you don't have to be
664
00:36:26,960 --> 00:36:28,920
completely buttoned up when you
speak to us.
665
00:36:29,160 --> 00:36:32,000
You can be honest and raw about
your experience as you build
666
00:36:32,000 --> 00:36:34,440
your company.
And we really believe that this
667
00:36:34,440 --> 00:36:37,680
honesty will allow founders to
be as successful as possible
668
00:36:37,680 --> 00:36:40,320
when they reach the next phases
of their journey.
669
00:36:41,280 --> 00:36:43,960
I think it's great that you are
taking, you know, founder health
670
00:36:43,960 --> 00:36:46,720
really seriously as well.
And you know, I know about
671
00:36:46,720 --> 00:36:50,000
working in mental health,
whether it's as as a founder or
672
00:36:50,200 --> 00:36:52,760
even on the investment side, it
can be really challenging and
673
00:36:52,760 --> 00:36:55,480
demanding.
How do you personally protect
674
00:36:55,480 --> 00:36:58,920
your own mental well-being?
Yes, so you know, I, I'm
675
00:36:58,920 --> 00:37:01,640
studying my master's in
neuroscience and I'm also
676
00:37:01,640 --> 00:37:04,040
working in venture.
So of course I have very long
677
00:37:04,040 --> 00:37:08,520
hours, but one of the more
basic, the recommendations that
678
00:37:08,520 --> 00:37:12,280
I have for anyone who is quite
ambitious is you always have to
679
00:37:12,280 --> 00:37:14,760
prioritize rest.
You know, go down to the basics.
680
00:37:14,760 --> 00:37:17,440
Sleep.
I used to think that I was too
681
00:37:17,440 --> 00:37:22,160
busy to have sufficient sleep,
but now every night I make sure
682
00:37:22,160 --> 00:37:23,760
that I have that 8 hours of
sleep.
683
00:37:24,160 --> 00:37:27,160
And then I also incorporate a
lot of physical movement.
684
00:37:27,320 --> 00:37:32,760
And so I love exercise, running,
going to the gym, and doing some
685
00:37:32,760 --> 00:37:36,040
of the more luxurious aspects of
going to prioritize your
686
00:37:36,560 --> 00:37:40,200
physical health, such as going
to a sauna, going to a spa.
687
00:37:40,760 --> 00:37:43,440
You know, the body and the mind
is so integrated and connected
688
00:37:43,680 --> 00:37:46,880
that when you prioritize one or
the other, it really has an
689
00:37:46,880 --> 00:37:49,520
impact on the entire human body
as well.
690
00:37:49,840 --> 00:37:54,160
So incorporating exercise,
incorporating sleep, and then of
691
00:37:54,160 --> 00:37:57,600
course, I have a lot of
gratitude towards the clinicians
692
00:37:57,600 --> 00:38:00,280
that I've worked with, the
therapists, the psychiatrists
693
00:38:00,280 --> 00:38:03,360
that I meet, you know, every
single week, every single month.
694
00:38:03,440 --> 00:38:06,880
It's been a part of my
livelihood that has allowed me
695
00:38:06,880 --> 00:38:09,720
to build a really sustainable
career in a very demanding
696
00:38:09,720 --> 00:38:12,160
space.
I love that.
697
00:38:12,520 --> 00:38:17,600
And Caitlin, if you could go
back and give a piece of advice
698
00:38:17,600 --> 00:38:21,840
to yourself when you first
started at BlackRock, what would
699
00:38:21,840 --> 00:38:25,520
you say?
So I think when I reflect back
700
00:38:25,520 --> 00:38:29,520
on that period, I put a lot of
pressure on myself because
701
00:38:29,520 --> 00:38:32,200
coming from an immigrant
background on my family, coming
702
00:38:32,200 --> 00:38:36,160
from the Philippines and now
having this salary from, you
703
00:38:36,560 --> 00:38:39,920
know, wonderful companies such
as BlackRock, I was very afraid
704
00:38:39,920 --> 00:38:42,760
to take the leap and try to
figure out something else.
705
00:38:43,000 --> 00:38:47,840
I had a lot of pressure to
figure it out all on my own.
706
00:38:47,840 --> 00:38:51,000
I knew that burnout was very
common with people in demanding
707
00:38:51,000 --> 00:38:53,520
industry, so I felt like I
didn't need to ask for
708
00:38:53,520 --> 00:38:56,040
professional help.
I think if I could turn back
709
00:38:56,040 --> 00:39:01,080
that time and go back to that
period, I would really try to
710
00:39:01,080 --> 00:39:05,080
build holistic healthcare, not
just one point, which is
711
00:39:05,080 --> 00:39:08,640
medication for example, but
really incorporate, you know,
712
00:39:08,640 --> 00:39:13,400
community support from friends
and family, therapy as well as
713
00:39:13,400 --> 00:39:18,200
physical movement and diet.
So a broader overview of what a
714
00:39:18,200 --> 00:39:21,840
holistically healthy person
could be I would interpret on a
715
00:39:21,840 --> 00:39:24,680
day-to-day basis, rather than
just try to figure it out all on
716
00:39:24,680 --> 00:39:27,560
my own and continue to work
hours and hours on end.
717
00:39:28,400 --> 00:39:31,760
What is the conversation around
mental health in the Filipino
718
00:39:31,760 --> 00:39:34,600
communities that you're most
engaged with in the USI?
719
00:39:35,720 --> 00:39:39,760
Think there's a broader
conversation about mental health
720
00:39:39,760 --> 00:39:41,720
in the Filipino community in
America.
721
00:39:42,000 --> 00:39:45,640
However, I talked to a lot of
people with families in the
722
00:39:45,640 --> 00:39:48,680
Philippines and with immigrant
backgrounds as well.
723
00:39:48,680 --> 00:39:52,280
And I think one of the hardest
parts about seeking care is
724
00:39:52,280 --> 00:39:55,400
because it is a developing
country, a lot of people don't
725
00:39:55,400 --> 00:39:59,080
have access to clinical care.
A lot of people can't pay for
726
00:39:59,080 --> 00:40:01,600
therapy.
You know, some of the immigrant
727
00:40:01,600 --> 00:40:05,360
families in the in the US don't
have really substantial
728
00:40:05,360 --> 00:40:07,680
healthcare insurance.
To get the best types of
729
00:40:07,680 --> 00:40:11,400
psychiatrists or therapy, or
they might not even know family
730
00:40:11,400 --> 00:40:14,240
members or friends that have
gotten clinical care.
731
00:40:14,480 --> 00:40:18,480
It's very difficult to start
seeking out care to start
732
00:40:18,760 --> 00:40:20,800
addressing your mental health
diagnosis.
733
00:40:21,160 --> 00:40:22,720
I think there's been some
change.
734
00:40:23,080 --> 00:40:28,000
I often see some larger
celebrities and influencers in
735
00:40:28,000 --> 00:40:31,040
the Filipino ecosystem starting
to talk about mental health, but
736
00:40:31,040 --> 00:40:34,720
there's a long way to go because
there is that connection to the
737
00:40:34,720 --> 00:40:39,360
stigmatized version of the
mental health type of care that
738
00:40:39,360 --> 00:40:41,120
you can receive.
And so there's a lot of work to
739
00:40:41,120 --> 00:40:44,320
go, but I, I'm really optimistic
that there's a lot of changes as
740
00:40:44,320 --> 00:40:46,040
well.
That's great.
741
00:40:46,040 --> 00:40:48,400
Thank you for sharing.
Katie, let me ask you the
742
00:40:48,400 --> 00:40:52,200
podcast staple, which is what is
one thing that you believe will
743
00:40:52,200 --> 00:40:54,560
allow more people to have better
mental health?
744
00:40:56,120 --> 00:40:59,480
I'm very optimistic about all
the types of alternative
745
00:40:59,480 --> 00:41:03,160
modalities, frontier treatments
that we're investing in at Symed
746
00:41:03,480 --> 00:41:06,720
and, you know, apply to a more
personal basis.
747
00:41:07,080 --> 00:41:09,760
You have to realize that there's
so many ways to address your
748
00:41:09,760 --> 00:41:12,040
mental health.
You know, there is talk therapy
749
00:41:12,040 --> 00:41:16,600
that's one way to address your
traumas and your diagnosis.
750
00:41:17,040 --> 00:41:20,720
But there's all these other
treatments, clinical trials,
751
00:41:20,920 --> 00:41:24,880
academics that are navigating
new spaces of ways to address
752
00:41:24,880 --> 00:41:28,960
mental illnesses, as well as
companies that are emerging day
753
00:41:28,960 --> 00:41:31,360
by day.
You know, it's excites me to see
754
00:41:31,360 --> 00:41:35,600
the number of companies that we
are talking to innovating in a
755
00:41:35,600 --> 00:41:40,560
space that was once highly
stigmatized and only left to
756
00:41:41,080 --> 00:41:44,000
uncover in a more private basis.
Now there's a lot of
757
00:41:44,000 --> 00:41:48,520
opportunities to seek care
outside of just the traditional
758
00:41:48,560 --> 00:41:52,040
therapy methods.
So when you are navigating your
759
00:41:52,040 --> 00:41:54,280
mental illness, when you are
navigating your mental health,
760
00:41:54,600 --> 00:41:58,600
know that with research you can
find the best level of care that
761
00:41:58,600 --> 00:42:01,240
can be provided to you.
Thank you, Caitlin.
762
00:42:01,520 --> 00:42:04,800
I'm just a bonus question
because I realized I have to ask
763
00:42:04,800 --> 00:42:08,800
you this in the news and also on
various social media platforms.
764
00:42:09,560 --> 00:42:14,240
There have been a lot of buzz
recently about AI chat bots to
765
00:42:14,480 --> 00:42:17,560
whatever degree being used as
therapist, whether it's
766
00:42:17,600 --> 00:42:21,200
unstructured, so through ChatGPT
or whether through what
767
00:42:21,200 --> 00:42:23,560
companies like Slingshot AI are
trying to build.
768
00:42:23,880 --> 00:42:27,000
And I'm quite curious to
understand for you, what do you
769
00:42:27,000 --> 00:42:31,560
see the part of AI therapist to
be and what role do you think
770
00:42:31,560 --> 00:42:33,280
they'll play in mental health
going forward?
771
00:42:34,000 --> 00:42:37,160
I know that this space is quite
controversial, but I'm also very
772
00:42:37,160 --> 00:42:39,840
optimistic about the space
because like I mentioned
773
00:42:39,840 --> 00:42:43,960
earlier, therapy and psychiatry
can be very inaccessible for a
774
00:42:43,960 --> 00:42:46,920
large range of people.
And also, if you have a mental
775
00:42:46,920 --> 00:42:50,200
health crises in the middle of
the night and your therapist is
776
00:42:50,200 --> 00:42:54,040
not available, this is where
things like AI chat bots can
777
00:42:54,040 --> 00:42:57,840
really come in and prevent you
from making certain decisions or
778
00:42:57,840 --> 00:43:01,400
from spiraling even further.
I think that we really need to
779
00:43:01,680 --> 00:43:04,440
collaborate, you know, in a
multidisciplinary manner to
780
00:43:04,440 --> 00:43:08,640
create AI chat bots that are
providing both clinically sound
781
00:43:08,640 --> 00:43:13,800
advice as well as to provide
guardrails for any edge cases,
782
00:43:13,800 --> 00:43:18,360
any extreme cases of suicidality
of comorbidities among serious
783
00:43:18,360 --> 00:43:21,280
mental illnesses, for example.
I think there's a lot of work to
784
00:43:21,280 --> 00:43:24,720
be done, not just on the founder
basis of those building
785
00:43:24,720 --> 00:43:28,240
startups, but for clinical
therapists and psychiatrists
786
00:43:28,240 --> 00:43:31,760
that want to provide advice to
these types of companies, as
787
00:43:31,760 --> 00:43:34,960
well as regulators that want to
ensure that these types of
788
00:43:34,960 --> 00:43:37,800
companies can really provide the
best quality of care as
789
00:43:37,800 --> 00:43:39,920
possible.
I think it's really early days.
790
00:43:39,920 --> 00:43:42,760
You know, AI is developing so
quickly.
791
00:43:42,760 --> 00:43:45,960
We have a lot to learn, but I'm
very optimistic that we can use
792
00:43:45,960 --> 00:43:48,160
this to really, really
democratize access to care.
793
00:43:48,600 --> 00:43:50,000
Thank you for sharing your
insights.
794
00:43:50,000 --> 00:43:52,800
I love that Kaylin.
It's been such a pleasure to
795
00:43:52,800 --> 00:43:54,400
have you on the Load Grow
podcast.
796
00:43:54,960 --> 00:43:56,440
Thank you so much for having me,
Annie.
797
00:43:56,800 --> 00:43:59,560
That's a wrap for today's
episode of the Load Grow
798
00:43:59,560 --> 00:44:02,600
Podcast.
If it resonated with you, leave
799
00:44:02,600 --> 00:44:06,280
a review and hit follow to help
more people to find important
800
00:44:06,280 --> 00:44:09,480
conversations.
Keep growing and see you next
801
00:44:09,480 --> 00:44:09,760
time.
Director of Operations
Caitlin Ner is Director of Operations at PsyMed Ventures, a VC fund investing in frontier mental and brain health technologies. Previously, she led growth and operations at a Series C mental health startup, Cerebral in the insurance team. She started her career as a global infrastructure investor at BlackRock. Caitlin studied Economics and Computer Science from Harvard University and is pursuing a Master's degree in Applied Neuroscience from Kings College London.