Power Life Science
Posted on Thursday, November 9, 2023
🧬 Let's accelerate medical innovation
Today, patients look to promising medical research when standard treatments have failed them. Unfortunately, there is no single source of truth that patients can understand and trust. The status quo is a government run website which is written in complex medical jargon that is impossible for most people to navigate.
At the same time, clinical trials are the bottleneck on medical innovation—new medicine takes almost 10 years to test and over 86% of all clinical trials are delayed because they can't find enough patients. This is one of the biggest problems facing the life science industry.
Power is the easiest way for patients to access promising new studies. We help more patients find treatments, and accelerate the discovery of novel medicine as we go.
🏹 The role
Power is reaching the point where our product really works. Given this, we’re looking for a high-agency generalist to help us solve problems across the business as we grow into the next phase of scale.
At a high level, this will require grokking the overall company strategy, sussing out inconsistencies + gaps, internalizing opportunities, then building systems to make the most out of some yet-unproven element of the marketplace.
If we were to zoom in, you’ll likely spend time:
Gathering & analyzing context through conversations with end-users, sql queries, & internal discussion
Generating solutions through design sprints, market analysis, & analogous thinking
Charting a course through modelling, ICE-scoring, & requisite hiring / product work
Iterating towards a sustainable solution through process design and operating
🤔 Some of the problems we'll be working on
We don't believe in strict job requirements, but if these problems sound fun + familiar, you're probably well suited for this gig:
Defining our first bottoms-up clinic acquisition onboarding + pricing plan
Launching a ‘partner program’ focused on top-recruiting lung cancer hospitals across NA
Scaling-up the internal team that trains our medical-record parsing model
Systematizing our collaboration with patient advocacy groups
Validating (or disproving) physician referrals as a potential patient acquisition channel
🔎 The product
Comprehensive we make it easy to search across every trial in North America so patients never feel like they have blind spots
Simple we apply a healthy amount of data engineering and empathy to the reams of unstructured medical data on clinical trials to simplify things for patients that are trying to evaluate potential trials
Connected we help patients proactively reach out to the researchers directly and researchers love connecting with motivated patients
👋 The team
We're a team of experienced marketplace operators with backing from some of the best across health tech and pharma.
✉️ If this sounds like your kind of adventure
In lieu of a cover letter, tell us about something you've built that you're proud about (or better yet, show us)!
What is the culture like at Power?
A few values stand out: urgency, selflessness, agency, pragmatism. We’re looking for owners, so we hope you’ll help us expand this list.
What's your approach to remote work?
We're a remote-first team at Power, and plan to remain as such post-pandemic. That said, we've budgeted for quarterly team off sites over the course of the next year, as we believe work is more fun when you have a deep personal relationship with your colleagues.
What are the requirements? Do I need certain years of experience, or a background in healthcare?
We have no 'formal' experience requirement, but think it's important that our earliest team members are highly autonomous.
This means that you've been accountable for building large pieces of an organization, or product, users love.
Inversely, if you're at a point in your career where active mentorship is very important to you, this role likely isn't a fit for you.
How is the work life balance?
At the highest level: we trust team members to manage their own schedules and we believe that taking time off to recharge makes you more productive in the long run.
The truth about early stage companies and small teams is that everyone’s work makes a big difference on the company’s trajectory. We’re not afraid to work hard if it’s impactful.
Typically, we check out around 6pm to protect family time and then log-in later to finish anything that was left undone.
How are you funded?
Happy to share specifics but we've raised a large seed round from top investors. We've intentionally raised enough to comfortably get us through the messy 0 to 1 stage.
How does your interview process look?
3x Behaviour Interviews
1x Technical Interview
After which, we'd love to pay you to work with us for ~2 days, so you can get a sense of what it's like to work together.
How big is this market?
Clinical trial recruiting is $3B dollars annually. Total spend on clinical trial operations is $180B annually.
Diversity is a priority for our team. Historically, clinical research has been terrible about including diverse populations. This is problematic because the efficacy and safety of medicine may differ by age, sex, race, and ethnicity. As a result, we draw healthcare conclusions that don’t actually reflect the outcomes for various groups (source).
Power exists to empower all patients, and that starts with having a diverse team.