205: Finding a Mission and Making the World a Healthier Place, With Munjal Shah of Health IQ
A health crisis that landed Munjal Shah in the ER turned out to be the catalyst for his next mission: making the world a healthier place. On the day Munjal Shah started running a 10K race back in 2010, he was on top of the world. Just the day before, he had sold his company to Google, marking his second successful exit.
Then the chest pains started. Shah wound up in the ER, and while it didn’t end up being a heart attack, the incident was a sobering reminder that his own father had had one while in his 40s. It was a wake-up call for Shah, who was 37 at the time. He started focusing on his health, lost 40 pounds, and decided his next entrepreneurial endeavor would make the world a healthier place.
“People always say, ‘Go find your mission,’” Shah says. He’s now the founder of a new and growing insurance startup called Health IQ, which encourages healthy behavior by taking a data-driven approach to its coverage. “I would say my mission found me.”
Key Takeaways
The journey that led to two successful exits (one was with Google)
The unconventional, non-scalable hiring methods that led Shah to build A-player teams
How Shah discovered his mission and how this fuels his startup’s success
Shah’s top advice for founders looking to raise a round of financing
When and how to pivot: the key to Shah’s successful track record
Shah’s top tips for busy entrepreneurs (it has nothing to do with meetings, investors, or customers)
Om Podcasten
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About the show:
For over a decade, The Foundr Podcast with Nathan Chan has been a leading entrepreneurship podcast for open-book conversations with, by, and for founders. Whether you're starting, building, or dreaming about your business, The Foundr Podcast is where you can access experienced founders who've been in your shoes to learn their proven methods, lessons from failure, and inspirational stories.
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Nathan Chan is the CEO of Foundr and the creator of The Foundr Podcast. Chan literally started from knowing nothing. He was just an average guy working in a 9-5 job he utterly hated. He knew nothing about entrepreneurship, nothing about startups, nothing about marketing, and nothing about online or how to build a business. In the past decade, Chan's built Foundr into a global leader in entrepreneurial education, helping tens of thousands of aspiring entrepreneurs start and scale their businesses.
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