The mental health costs of building a new business

By Jonathan Moules.


David Baird became an entrepreneur because he wanted to do something positive. But he had no idea how high the cost to his mental health would be. He launched Selocial — an online community to support artists and musicians like himself — in 2014, bootstrapping the operation until it had a few thousand members. But the pressures of building a business left him stressed and unable to sleep, factors he believes contributed to the collapse of his first marriage. It even led to him living out of his car for a couple of months. When he eventually saw a doctor, he was diagnosed with chronic depression. “People like me are afraid to talk about this because they think their peers will think badly of them,” Mr Baird says. “You have to have this positive attitude all the time.”

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Financial Post: “Great research, horrible commercialization”: Why investors see Canada as a potential hotbed for health tech

Reposted from Financial Post |


About 13 years ago, Dr. Ralph DaCosta noticed something unusual — a fluorescent glowing red mass of bacteria — while looking at the insides of a lab rat in his microscope as a PhD student in Toronto.

The glowing bacteria wasn’t directly related to his research, but it planted the seed of an idea: what if it was possible to make bacteria visible to the naked eye?

Eventually he filed a patent, but it didn’t really go anywhere until 2014, when a Toronto-based venture capital firm wrote a cheque for $4 million to help him commercialize a handheld fluorescent imaging device.

 

It’s a three and a half trillion dollar industry, just in the U.S. alone

– Analyst Jeff Becker

 

Today, the MolecuLight is in the hands of doctors in North America and Europe, allowing them to see bacteria on human skin in real time, which allows for better treatment of chronic, infected wounds.

DaCosta’s device is an early Canadian success in a health technology field that had become one of the hottest spaces for startups — and one in which Canada is well-positioned to take advantage, even if access to the massive U.S. health care industry is the primary target for most investors.

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