Pear VC

General Application

Remote

Not SpecifiedCompensation
Entry Level & New GradExperience Level
Full TimeJob Type
UnknownVisa
HealthcareIndustries

Position Overview

  • Location Type: Remote
  • Job Type: Full-Time

This is a general application for a healthcare AI early-stage company. Our mission is to help patients fight health insurance denials using AI-powered appeals, achieving a 90% success rate.

About Us

We are a healthcare AI company that uses technology to write appeals for patients when their health insurance companies deny medical treatments. Our founding team consists of Alex (product manager at Meta and Microsoft, serial startup founder), Haley (engineer at Medtronic), and Malcolm (healthcare nonprofit leader with 3+ years of experience in insurance appeals).

Progress So Far:

  • Achieved product-market fit as a services business with an established operational process.
  • Transitioning to a B2B model.
  • Secured $2.5M in health insurance coverage for patients.
  • Generating revenue since May 2023 as a bootstrapped services business.
  • Received Stanford Impact Founder and IDIF fellowships, and won seven startup competitions.
  • Established 13 business partnerships with growing demand.
  • Secured VC funding with ample runway.

Who We're Looking For

An ambitious individual who thrives in a fast-paced, early-stage startup environment and is passionate about empowering patients against bureaucratic systems.

Compensation & Benefits

  • Competitive salary
  • Generous equity package
  • Strong health benefits (medical, dental, vision)

Company Mission & Opportunity

Our technology aims to disempower large bureaucracies like health insurance companies by automating the complex paperwork and processes that create barriers for individuals. Generative AI levels the playing field, enabling individuals to advocate for themselves in healthcare and beyond.

Background on Health Insurance Denials

  • 15% of all health insurance claims are denied.
  • Denial rates increased by 18% from 2020 to 2023, partly due to AI used by insurance companies.
  • Less than 1% of patients appeal their denials, but over 40% of those appeals are successful.
  • Our appeals have a denial-overturn rate of over 90%.

Company Culture

We foster a fast-paced, dynamic, and exciting working environment typical of an early-stage startup.

Skills

Pear VC

Venture capital firm for early-stage startups

About Pear VC

Pear VC specializes in providing venture capital for pre-seed and seed stage investments. The firm collaborates with founders to transform innovative ideas into successful companies across various sectors, including AI, healthcare, fintech, and more. Their investment strategy focuses on early-stage startups, offering not just financial support but also expertise and a strong network to help these businesses grow. Pear VC distinguishes itself from competitors through its hands-on approach, providing strategic advice and operational assistance to ensure startups remain agile and focused on their customers. The goal of Pear VC is to guide startups through their early development phases, helping them achieve significant growth and success.

San Francisco, CaliforniaHeadquarters
2013Year Founded
$2,738.4MTotal Funding
UNKNOWNCompany Stage
Venture Capital, Fintech, AI & Machine LearningIndustries
51-200Employees

Risks

Increased competition from other VC firms in AI and biotech sectors.
Potential overvaluation of startups could lead to investment losses.
Regulatory challenges in biotech and healthcare may impact growth strategies.

Differentiation

Pear VC specializes in pre-seed and seed investments across diverse sectors.
The firm offers hands-on strategic advice and operational support to startups.
Pear VC focuses on innovation in AI, fintech, SaaS, healthcare, and deep tech.

Upsides

Growing interest in AI-driven healthcare solutions presents new investment opportunities.
Rising demand for cell engineering platforms suggests lucrative biotech investments.
Fitness tech startups focusing on community building are gaining traction.

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