Good investors make you think you can achieve your goals
Today’s entrepreneur is Jo Aggarwal, co-founder and CEO of AI-based mental health startup Wysa, which uses a mix of humans and AI to treat patients.
Wysa users are connected to an AI-based “emotional intelligence” that is brought to them through a combination of evidence-based cognitive behavioral techniques (CBT), dialectical behavioral therapy (DBT), meditation, breathing, yoga, motivational conversation and micro-actions. They also get access to a human coach or therapist to help them achieve their goals.
The company recently announced a $ 5.5 million Series A funding round.
Aggarwal solves some of the world’s most pressing problems with technology-enabled solutions right for the user. Her passion is to disintermediate governments and corporations and create efficient, permission-free ways to support those in need.
Previously, she worked on employability and empowering youth in conflict in the Middle East, for which she won the Stevie / Global Telecom Business Innovation Award for her technical development work.
I am a):
Companies I work or have worked for:
Pearson Education, Tata Group
Achievements (built products, personal awards won):
Stevie Silver Award; Global Innovation Award for Telecommunications Companies; Wysa that has prevented hundreds of suicides and helped millions with mental health
If you are an entrepreneur or a business innovator, why?
I want to change the world.
My favorite startups:
Why did you start your company or do you want to be innovative in your company?
Having a bigger canvas to experiment with, to live and die by market feedback rather than internal politics.
What is the most frustrating and rewarding thing about entrepreneurship / innovation?
Frustrating: being a human battery to everyone else.
Worthwhile: Ability to shape an organization according to one’s own values.
What’s the # 1 mistake made by entrepreneurs / innovators?
Seeking confirmation from everyone but user behavior.
What are the three most important lessons you’ve learned as an entrepreneur?
1) Income should be celebrated, no fundraising campaigns
2) The company lives and dies with momentum – if the market doesn’t give it to you, create other license-free constructs to move forward in 2-week cycles.
3) Good investors make you believe that you can achieve your goals. Bad investors are trying to make you the last big exit in the room.