For some investors, health care services is just one element in a diversified portfolio. Not for Lemhi. We invest with a singular focus on an industry we know well. Each member of the Lemhi team has direct experience starting, running, and building health care companies. When we meet with entrepreneurs, it’s to test the depth of their understanding of the underlying economic principles and systemic behaviors that drive health care. We want to know how they will deliver a disruptive change, and how well prepared they are to push beyond that change.
From the beginning of the fund, we have been point of view investors, using our research and diligence to form and test hypotheses about the market. We use our networks and industry involvement to find entrepreneurs and companies who share our interests and have promising ideas for new solutions to intractable and costly problems. This work requires disciplined thinking, disciplined execution, and the courage to take risks.
From thousands of possibilities, hundreds of pitches, and dozens of diligence reviews, we’ve learned how to work as a team and respect each other’s roles. We expect the leaders of each of the companies in which we invest to rely on our operating experience, industry knowledge, and our contacts. Our networks and relationships are as valuable as the funds we invest.
Through my early career in agribusiness, manufacturing, and health care, I learned first-hand how incredibly difficult it is to run a successful business. I understand that there is no limit to the demands on a leader’s time and attention, no end to the possibilities for growth and expansion. And I’ve also learned that there’s no limit to the impact and reward of building a business that successfully changes an industry.