The battle is on. It’s time to pick a winner.
We met one-on-one with the top 6 to hear their pitch for the top spot.
Daniel Leung, founder of LivNao, is making better mental health easier and more accessible by replacing traditional, cumbersome and often inaccurate mental health assessments with a 100% passive, no-fuss solution. We recently caught up with Daniel to learn more about his inspiration behind the idea, his experience as an entrepreneur and his plans to go the distance.
What problem were you trying to solve when you started LivNao?
LivNao is bringing early detection and measurement to mental health. 61% of the workforce is burnt-out, everything that’s being done now is reactive. It’s on the user to seek help when they realize they need it— which is often times too late. There’s also not an easy way for companies to quantify the ROI of spending on individual wellness resources.
Why should people be excited about using LivNao?
Our technology has the power to do a lot of good. We started with burnout prevention, but customers told us that our product could help prevent physician suicides due to poor mental health, and uncover new relationships between environmental/behavioural factors and mental health—like how a heatwave might affect depression.
Tell us about the success you’ve found already
We’ve signed 13 customers in a year—including the biggest tech companies and the top healthcare institutions in the world. We’ve got 18 insurance companies (payers) and the biggest pharmaceutical companies knocking on our door who think we can solve their biggest problems and transform their businesses.
What kind of expertise is your team bringing to LivNao?
I built an $8M ARR company. Our Chief of Product launched & managed Uber’s core product in 17 markets. Our Chief of Technology improved Alexa’s recognition accuracy by 6% at Amazon’s Lab126. More importantly, we’ve worked together before, so we know we’re on the same page in collectively growing LivNao to make a positive impact in the world.
How do you see your company growing?
We’re very excited to explore new ways our technology can be used. We’ve been approached by transportation companies to see how we can help them reduce CO2 emissions by keeping pilots & captains healthy. Construction companies want to use our technology to reduce workplace injuries caused by fatigue and poor mental health. A space agency even thinks our technology can help keep their astronauts sane on their 440-day journey to Mars.
What would the $155K investment mean for your company?
The $155K would allow us to grow our team so that we can launch faster for our customers. This means faster feedback, allowing us to iterate and build the best possible product for the market.
What has this experience taught you about the entrepreneurial journey?
As an entrepreneur, you have to think with what I like to call the “Full Send” mentality. Everything is what you make out of it, so you just have to step out of your comfort zone and commit. Throughout the process, you also have to open yourself up for feedback and advice to grow.
What advice would you give to entrepreneurs who want to participate next year?
Approach it the same way you should be building your business. Talk to the investors before the pitch, get their feedback, then iterate. This helps you make sure you deliver a pitch that resonates with the audience.
Connect with Daniel. Learn more about LivNao.
Follow along on our blog as we count down to the March 12th finale.
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