A real estate and technology investor, Hilt Tatum IV leads iPoint Capital Partners as founder and president. Among Hilt Tatum IV’s tech investments is Medopad, which combines modern technology with artificial intelligence to improve healthcare outcomes.
In November 2017, Medopad won Accenture’s Healthcare Innovation Challenge semifinal held in London, UK. The win secured Medopad’s place as one of the nine health startups from around the world at the challenge’s final held at the Startup Health Festival in San Francisco, California, in January 2018.
The Healthcare Innovation Challenge recognizes health startups from around the world that are developing solutions for the biggest challenges to global healthcare including access, management, affordability, and information security. Winning at the semifinal level is no small feat.
Participants send their applications ahead of the deadline after which applications are reviewed and a shortlist is made. Shortlisted candidates are invited for pitching rounds in either Boston, London, or Singapore. They receive coaching on pitching from Accenture coaches after which they pitch to a panel of healthcare industry professionals and investors. It is this panel that ultimately decides the semifinal winners. In 2017, the judges included Sarah Ahmad, SVP at Highmark Health; Paul Von Autenried, CIO at Bristol-Myers Squibb; and Susan Lorraine-Bennett, director at MSD.
President of Panama-based iPoint Capital Partners, Hilt Tatum IV is responsible for the firm’s investments in Europe, Asia, South America, and the Caribbean. A venture capitalist, Hilt Tatum IV also heads the company’s venture capital operations.
Not all venture capitalists are the same. If you are fortunate enough to secure venture capital, you will have to work with the VCs for a very long time. Therefore, it's important to know who you are giving an ownership stake in your company, and to perform your due diligence.
Many VCs today narrow their focus within a single market, geography, or industry. This is where they feel they have deep knowledge and expertise. Research VCs within your product or service niche. Find out which ones have an impressive track record in your particular market. Afterward, talk to executives in companies they have invested in to find out how involved they were in the businesses. How much value did they add to these firms? Did they take part in growing the company and providing solutions for some of its problems, or did they just hand out capital and become unavailable afterward? What about their business philosophy and preferred growth and execution strategies - do they match your own? What about any potential conflicts of interest - are they shareholders in one of your competitors?
Looking for a VC is like looking for a spouse - you have to court each other first before you sign on the dotted line. And when you do decide to pair up, be open and set clear expectations. Do not be vague about vital elements of the contract such as exit clauses. You want a VC who won’t exit at the first sign of a challenge.
With more than 10 years of investment experience, Hilt Tatum IV is the founder and president of iPoint Capital Partners in Panama. Hilt Tatum IV holds a postgraduate degree from the Said Business School at the University of Oxford, which will hold its next Silicon Valley Comes to Oxford (SVCO) event on May 17 and 18, 2017.
For the past 14 years, innovative entrepreneurs and investors from Silicon Valley have been participating in the SVCO event, in which they share ideas about starting, running, and scaling successful businesses. With a theme of augmented humanity, the 2017 SVCO event will offer several masterclasses and speed workshops as well as question-and-answer sessions with prominent entrepreneurs.
Speakers at previous SVCO events have included such figures as Bob Goodson, the cofounder of Quid; Leila Janah, the founder and CEO of Sama Group; George Burges, founder and CEO of Gojimo; Torsten Reil, founder and CEO of NaturalMotion; and Reshma Sohoni, cofounder and partner of Seedcamp. To learn more about the University of Oxford Said Business School and its upcoming events, visit www.sbs.ox.ac.uk.
Hilt Tatum is CEO of Oxford Consulting Group - International business consulting