This is the sixth of our annual letters where we share our reflections, key observations, and learnings over the past year, including how the economic and technological trends of the year have shaped our thinking and our investment portfolio.
Thank you for writing. We know that government always has an incentive to spend money on new technology. In the case of AI, do we think US spending will make any difference in success versus failure? We know if they regulate AI, it will hurt.
Congratulations on your worldly success. What an incredible series of accomplishment's. It is a shame I never came across this before as I just claimed bankruptcy from bad business ventures. No good luck needed for you Mr Chamath.
My name is Travis Jackson, I am a practicing physician in Florida. I am writing this message in hopes that it reaches Mr. Chamath Palihapitiya.
I watched your interview with Tucker Carlson a couple of months back and listened to how involved you are with AI in the surgical/medical setting in terms of better outcomes for breast cancer surgeries and reducing medical errors. It was intriguing and brilliant.
Please allow me to give some background on my context here.
I have been in the medical field for over 20 years now. I started my career in surgery as a premed student. During those 10 years I witnessed a lot of IV drug waste and abuse by healthcare professionals. I have spent the last 15 years developing a module that eliminates open access of IV narcotics to prevent drug abuse in hospitals and reducing the cost of these drugs to the patient by only charging to the patient what was actually administered.
Currently, each vial or unit of drug is charged to the patient regardless of how much was administered or wasted. At the end of the surgical procedure or even on the floor what wasn’t dispensed to the patient is “wasted”, which requires a witness, and the entire unit is charged. I witnessed firsthand healthcare professionals who had a drug problem fraudulently signing off on the amount that was wasted into the sharps bin and taking this waste home for recreational use. Some of whom I found out were caught and had to answer to the board of medicine. This is tragic to allow such a fleeting temptation to have such an impact on all of one’s hard work and dedication to earn their medical degree and right to practice. It also drives up the cost of said drugs with so much waste. Regardless if 1cc or the entire unit was administered, the entire unit is charged to the patient.
This is why I have patented a fully secure and automated IV drug dispensing module, MediLock, that houses and dispenses all IV narcotics directly into the IV line. It eliminates open access and only charges to the patient that which was actually administered into the IV line. It also removes the need for syringes and needles which significantly reduces contaminated needle exposure to the healthcare professional.
There is so much more I would like to discuss as far as how it works but it is difficult through text.
I do have a design PDF and a pitch deck I believe would interest you. I am looking to bring this to the market to completely change how IV drugs are administered and charged.
Mr. Palihapitiya, if this interests you please reach out to me and I will send you the design and pitch deck, my contact info is below.
Unrealized values are marked down (e.g., written down due to poor performance), potentially bringing down TVPI (never seen it before personnaly). Or maybe a miscalculation or misunderstanding in how remaining portfolio value is assessed, undervaluing the remaining investments.
Thank you for writing. We know that government always has an incentive to spend money on new technology. In the case of AI, do we think US spending will make any difference in success versus failure? We know if they regulate AI, it will hurt.
Bizarre question I know, but are the "8" numerals in the initial graphic upside down!?
lol it does look like it
Congratulations on your worldly success. What an incredible series of accomplishment's. It is a shame I never came across this before as I just claimed bankruptcy from bad business ventures. No good luck needed for you Mr Chamath.
It's sweet that you publish these.
Good afternoon,
My name is Travis Jackson, I am a practicing physician in Florida. I am writing this message in hopes that it reaches Mr. Chamath Palihapitiya.
I watched your interview with Tucker Carlson a couple of months back and listened to how involved you are with AI in the surgical/medical setting in terms of better outcomes for breast cancer surgeries and reducing medical errors. It was intriguing and brilliant.
Please allow me to give some background on my context here.
I have been in the medical field for over 20 years now. I started my career in surgery as a premed student. During those 10 years I witnessed a lot of IV drug waste and abuse by healthcare professionals. I have spent the last 15 years developing a module that eliminates open access of IV narcotics to prevent drug abuse in hospitals and reducing the cost of these drugs to the patient by only charging to the patient what was actually administered.
Currently, each vial or unit of drug is charged to the patient regardless of how much was administered or wasted. At the end of the surgical procedure or even on the floor what wasn’t dispensed to the patient is “wasted”, which requires a witness, and the entire unit is charged. I witnessed firsthand healthcare professionals who had a drug problem fraudulently signing off on the amount that was wasted into the sharps bin and taking this waste home for recreational use. Some of whom I found out were caught and had to answer to the board of medicine. This is tragic to allow such a fleeting temptation to have such an impact on all of one’s hard work and dedication to earn their medical degree and right to practice. It also drives up the cost of said drugs with so much waste. Regardless if 1cc or the entire unit was administered, the entire unit is charged to the patient.
This is why I have patented a fully secure and automated IV drug dispensing module, MediLock, that houses and dispenses all IV narcotics directly into the IV line. It eliminates open access and only charges to the patient that which was actually administered into the IV line. It also removes the need for syringes and needles which significantly reduces contaminated needle exposure to the healthcare professional.
There is so much more I would like to discuss as far as how it works but it is difficult through text.
I do have a design PDF and a pitch deck I believe would interest you. I am looking to bring this to the market to completely change how IV drugs are administered and charged.
Mr. Palihapitiya, if this interests you please reach out to me and I will send you the design and pitch deck, my contact info is below.
Travis Jackson
Sales@MediLock.org
Special Company
.
Hi! Are you involved with Social Capital? I'm interested in speaking about something regarding a venture Social Capital was involved in.
Unrealized values are marked down (e.g., written down due to poor performance), potentially bringing down TVPI (never seen it before personnaly). Or maybe a miscalculation or misunderstanding in how remaining portfolio value is assessed, undervaluing the remaining investments.