How can it get any better? And yet it does…
Please welcome Soltan Bryce to the investment team at Flare Capital Partners. As we prepare to invest our most recent fund, we have added a few more “healthcare rock stars” to the team and Soltan continues that theme. In addition to an impressive academic career (University of North Carolina at Chapel Hill, Harvard Business School), he has worked for some of the most important healthcare companies in the industry: The Advisory Board Company (ABC), athenahealth, and most recently, Boston Medical Center (BMC). And in the midst of all of that, Soltan was on the Founding Team and Head of Growth for Plume, a leading provider of gender-affirming healthcare services in the country.
What is so profoundly striking about Soltan is his deep commitment to issues of equity, inclusion, access, and quality of care; quite simply, it touches all aspects of his life. Upon graduating from Harvard Business School, he joined BMC as a Special Assistant to the Chief Operating Officer & EVP of Strategy as a one-year HBS Leadership Fellow expressly to focus on improving access to equitable care and affordable coverage at the city’s largest safety net hospital. Given the important role social determinants of health play in many of our portfolio companies, Soltan’s insights here will be invaluable given his work at BMC.
His work at The Advisory Board Company and at athenahealth provided a deep understanding of the role technology plays in the transformation of the business of healthcare. At ABC, Soltan was the Project Lead for Technology Implementation for Revenue Cycle Technology Solutions, which prepared him nicely for his role as Program Manager in the Consulting Services group at athenahealth, with a focus on hospitals and health systems.
As an active angel investor, start-up founder, and mentor, his sensibilities about the challenges confronting many of our founding teams is terrific and actionable. As an active UNC graduate, he currently serves as an Innovator-in-Residence at the UNC Shuford Program in Entrepreneurship, which is designed to support over 1,200 students focused on entrepreneurship. Soltan continues to serve as a Scout for Gaingels, one of the largest and most active private investment syndicates with a commitment to support diversity and inclusion within the venture capital ecosystem, especially for LGBTQIA+/Allies.
Additionally, Soltan serves as the LGBTQ+ Commissioner for the City of Cambridge, having been selected in early 2021, again underscoring his commitment to the welfare of those who may face issues around equity and access.
Lastly, Soltan is a great guy. Entrepreneurs naturally gravitate to him, both because of his insights about how these markets will develop but for his understanding (empathy) for the life of a start-up founder. We are excited to see his contributions to the firm, the performance of our funds, and to the healthcare technology sector.
Quick update on our Flare Scholars program and Flare Scholar Ventures (FSV), which is our commitment to invest a portion of our new fund in the pre-seed rounds of Flare Scholar sponsored projects. With 254 Flare Scholars, who are young brilliant passionate emerging healthcare technology entrepreneurs, we now have 14 FSV companies, exceeding our initial goal – and a handful of those companies have already graduated by raising proper seed or Series A rounds (in total our FSV companies have raised nearly $35 million). The progress of the FSV program is inspirational as we continue to on-board the next generation of great healthcare technology entrepreneurs.
As we look to recruit the Class of 2023 Flare Scholars now, we could not be more impressed with the quality of all our Flare Scholars, but particularly the exceptional Class of 2022. Capital will always follow great talent and in this market, it will be great talent that wins.
And please join us for our next quarterly Expert Roundtable Series webinar on September 27, 2022 at noon EST. The topic is “Fundraising in a Turbulent Capital Market.”