After helping others achieve great success for their own businesses, Patrick Quigley set out to fix some of the biggest problems in the health insurance industry. He has already raised $175M for the mission and is revolutionizing how it works with his own healthtech startup.
During our interview on the DealMakers Show, Quigley shared his journey from paper napkin business idea to IPO, how he approaches evaluating and picking the best investors for a startup, and the new way to cover your healthcare costs.
Born in Connecticut
Long before landing in LA where his current venture is based, Patrick Quigley was born in Connecticut and then moved to what is still his favorite city: Cleveland.
He hasn’t yet figured out how to convince his wife to move back to Cleveland from Los Angeles, but he has always been interested in solving problems.
His father was a physician on staff with Duke, which gave Patrick some of his first exposure to healthcare.
As a child, his grandfather gave him $100 in IBM stock. He liked to check how the stock was performing. Of course, IBM missed out on the PC thing, and the stock suffered. Patrick liked engineering, but the IBM stock experience also inspired him to learn the business side of engineering.
Duke offered an attractive program with both engineering and business. It was there he met his wife. Three years into college he decided he wanted to get some real world business experience before he went to business school. So, he graduated and got to work.
McKinsey, Rocket Ships & MBAs
Next, Patrick went to work for McKinsey. He was amazed at all of the smart people working there, and was excited about how much he could learn with them (even though he’s not convinced 22-year-olds with no work experience should be advising company boards).
See How I Can Help You With Your Fundraising Efforts
- Fundraising Process : get guidance from A to Z.
- Materials : our team creates epic pitch decks and financial models
- Investor Access : connect with the right investors for your business and close them