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Billion-Dollar Valuations and Exits for Harvard-born Startups
Lissy Hu (MBA 2014)
Two harvard-born startups announced big milestones this week.
CarePort Health,a web-based health care software startup led bycofounder and CEO Lissy Hu (MBA 2014), was acquired for $1.35 billion. Reflecting on the company’s growth, Hu told the Boston Globe that “(a) part of it is me, but the big part is the team you assemble and where the market has gone. ...And it’s investors that believed in me as a first-time entrepreneur who was a doctor without business or tech experience.” CarePort won the HBS New Venture Competition Social Enterprise Track in 2012.
WHOOP, founded by Harvard College students at the i-lab in 2012, announced this week that it has raised a $100M Series E round at a valuation of more than $1 billion. "We will continue to make WHOOP the best product experience for measuring and improving health," WHOOP founder and CEO Will Ahmed, in a statement. "Human performance is a new category and WHOOP has emerged as both the pioneer and market leader.”
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