Many people wonder why an IVF specialist has the right to win as an angel investor. And the truth is there are multiple reasons. For one thing, as an IVF specialist, I'm used to educating patients because we need to give them realistic expectations of what's going to happen in their IVF cycle. And as an angel investor, I think it's equally important to educate entrepreneurs as to what to expect during their startup journey, which is why we invest so much time in providing feedback when we engage. We spend a lot of time doing detailed due diligence, and many founders find this quite intrusive, time-consuming, and painful, but it’s a very helpful way of getting a detailed analysis of their startup. The truth can be quite bitter, but it's important to share this information so that entrepreneurs can make better decisions for themselves. When startups pitch to us ( provided they meet our investment thesis on www.malpaniventures.com), irrespective of whether we give them funding or not, we try to make sure they have realistic expectations of what the startup journey is going to be for them.
Because I'm an IVF specialist who runs my own private IVF clinic, I am an entrepreneur too, which is why I can be much more empathetic, because I understand the trials and tribulations that entrepreneurs go through. So this helps me to be a little bit kinder, especially when things aren’t going well.
As doctors, we are trained in being empathetic, kind, and compassionate towards our patients. This skill set is particularly useful when counselling entrepreneurs during difficult times or after startup failure. We can help them navigate the emotional rollercoaster of entrepreneurship like we support IVF patients through their ups and downs.
It's important to remember that most IVF cycles and startups will fail, despite advanced technology, the best care, hard work, good intention, and high-quality embryos. As an IVF doctor who helps his patients deal regularly with the bitter reality of IVF failure, this experience enables me to be more supportive as an angel investor as well.
Lastly, I must mention the "magic sauce" - my wife, Dr Anjali Malpani. She is an exceptional IVF doctor who runs the clinic while I balance taking care of my patients with angel investing. This partnership allows me to excel both as an investor and a compassionate physician – truly a blessing in my life.