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In today's episode of Category Visionaries, we speak with Matthew Stoudt, CEO and Founder of AppliedVR, a virtual reality therapeutics platform that's raised over $70 Million in funding. Topics Discussed: Matthew's background as a kid entrepreneur who sold stuff in school, and studying investment banking The first startups Matthew built and why it's important to stick to your vision instead of chasing what is hot right now Entrepreneurs Matthew admires, collecting experiences rather than material things, and the most touching experience he's had on a trip The staggering numbers of people who suffer from chronic pain around the world, and what AppliedVR is doing to change that Matthew's vision for the future of his company
Matthew Stoudt's latest startup has not only raised tens of millions of dollars in funding but hit Fast Company's list of the World's Most Innovative Companies for 2022. The venture, Applied VR has attracted investment from top-tier investors like Jazz Venture Partners, F-Prime Capital, SVB Capital, and Sway Ventures.
Matthew Stoudt is the CEO and Co-Founder of AppliedVR where he is pioneering virtual reality therapeutics (VRx), the next generation of digital therapeutics. Leveraging the unique therapeutic properties of VR, AppliedVR is on a mission to enable patients with chronic pain to improve their lives through safe, effective and self-administered VRx. AppliedVR is backed by leading institutions including the NIH via the National Institute of Drug Abuse (NIDA), the National Cancer Institute (NCI), the VA, Cedars-Sinai, Cleveland Clinic, Geisinger and over 150 other institutions. Matthew is an accomplished entrepreneur who founded and built Outcast Media, the largest out of home digital media platform in the US, exiting to Verifone in 2014. Prior to Outcast, Matthew was an Entrepreneur-in-Residence at McDonald’s where he launched several successful businesses including a digital media platform in multiple countries. Matthew began his professional career in investment banking and private equity, having raised over $1 billion in growth capital for a variety of businesses across multiple sectors. Matthew earned his MBA at Kellogg Graduate School of Business graduating with honors and his BA from Northwestern University. Matthew is an avid traveler with a mission to visit every country in the world...if COVID will let him. About Our Partners This episode is brought to you by Hawke Media. Hawke Media is a full-service Outsourced CMO based in Santa Monica, CA, providing guidance, planning, and execution to grow brands of all sizes, industries, and business models. Hawke Media was recognized by Inc. as the country's fastest-growing marketing consultancy and is proudly one of Glassdoor's "Best Places to Work", 2019 #893 on the Forbes 5000 list, UpCity Top Los Angeles Digital Marketing Agency. Hawke’s collaborative process, à la carte offering, and month-to-month fee structure give clients the flexibility they need to boost digital revenues and marketing ROI. Hawke Media The company has serviced over 1500 brands of all sizes, ranging from startups like Tamara Mellon, SiO Beauty and Bottlekeeper to household names like Red Bull, Verizon Wireless and Alibaba. Listen to our interview with Erik Huberman, Founder and CEO of Hawke Media, in episode 23 of the Just Go Grind Podcast. This episode is also brought to you by Toptal. Toptal is an exclusive network of the top freelance software developers, designers, finance experts, product managers, and project managers in the world. Top companies hire Toptal freelancers for their most important projects. Connect with Matthew Stoudt AppliedVR LinkedIn Twitter AppliedVR LinkedIn AppliedVR Instagram AppliedVR Twitter AppliedVR Facebook AppliedVR YouTube Matthew@appliedvr.io Some of the Topics Covered by Matthew Stoudt in this Episode How AppliedVR got started How Matthew's wife sitting next to the CMO of Magic Leap on an airplane led Matthew to get into the world of VR What Matthew did to get AppliedVR off the ground Why the greatest impact for VR in healthcare is getting a device into patients' homes The impact of COVID on healthcare How Matthew has gone about building his team for AppliedVR Building the experience of AppliedVR's chronic pain platform Creating a proprietary biodata platform and transferring the experience into VR Combining hardware and software to create a solution for pain management Learnings from working with 60,000 patients and sending over 1,000 devices into patients' homes How Matthew and his team have gotten AppliedVR into the hands of as many patients as possible Partnerships and how they have helped AppliedVR build a trustworthy brand Why you have to tap into the entire healthcare ecosystem if you want to create real change Meeting an unmet need for patients, providers, and payers The fundraising process for AppliedVR and how they raised $23M Why it's important to be able to tell a compelling narrative New technology and how that impacts Matthew's vision for AppliedVR Why Matthew believes AppliedVR can become the CVS of VR How Matthew's time is spent day-to-day at AppliedVR Links from the Episode Magic Leap Oculus Real change through virtual reality IASP Pico Cedars-Sinai American Chronic Pain Association Beth Darnall
How we do almost everything is changing. The global pandemic is forcing us to reassess the way we work, learn, play, and care for ourselves, among other things. And increasingly, we’re looking to technology for solutions. Innovative technologies like XR, which were once considered “nice to haves,” are now being thrust into the spotlight. Luckily, companies like AppliedVR, a leading provider of therapeutic VR, are ready. In this episode, AppliedVR Co-founder and CEO Matthew Stoudt and Brian Vogelsang from our XR team join host PJ Jacobowitz to discuss telemedicine and the ways VR can be used for pain management. They’ll also dig into how the two companies came together, the evolving XR ecosystem, and the importance of the Qualcomm XR Enterprise Program.
Dr. David Rhew of Samsung and Matthew Stoudt of appliedVR discuss the ways that digital health is evolving and leading to better health outcomes for consumers and doctors. GUESTS Guest Host: Kinsey Fabrizio, Sr. Director, Member Engagement, CTA David Rhew, M.D., Chief Medical Officer & VP and GM Enterprise (B2B), Samsung Matthew Stoudt, CEO, appliedVR
He’s one of those tech people that came to healthcare to find a career of significance, but Matthew Stoudt has actually been destined for the health tech world since his youth. Matthew Stoudt aspired to be a lawyer, then a senator, before he realized he was an entrepreneur at heart. A foundational experience of losing […]
This week’s podcast features our amazing interview with Matthew Stoudt, the CEO of AppliedVR. Matthew was previously cofounder and CEO of Outcast Media International (which was sold to Verifone), the McDonald’s New Ventures Entrepreneur in Residence, ran private equity at Triumph Capital Group and investment banking at DLJ, and earned his MBA from the Kellogg Graduate School of Management. Matthew joined us on the program to talk about the work he and his team are doing with applied VR in this second part of our series on Virtual Reality in the healthcare space. A few of the topics we dive into in this episode include: Matthew’s background and how he came to develop an interest in VR Matthew and AppliedVR’s work with Dr. Brennan Spiegel of Cedars-Sinai and how that relationship with Cedars-Sinai came into place How AppliedVR’s technology works to influence behavioral changes and how it plays in the behavioral health space How AppliedVR is using big data to help with treatment development and what kind of data they are looking at, how it is collected, and how AppliedVR is building on it over time to adaptively implement what the data is showing What Matthew says has been the hardest part of building the company and how he is overcoming that Matthew’s thoughts on how critical it is for entrepreneurs in the healthcare space to have close relationships with providers and healthcare systems, like Cedars-Sinai, as they build out their technology What has surprised Matthew most in his work to date Matthew’s thoughts overall on the future of VR Links: Connect with Matthew: LinkedIn Connect with AppliedVR Website Twitter Why Arianna Huffington Is Calm When Falling 500 Feet Better Than Opioids? Virtual Reality Could Be Your Next Painkiller AppliedVR Experiences Introduction Connect with Healthbox Follow us on Twitter and @ChuckFeerick Subscribe and leave a review in iTunes Have guest suggestions or topic ideas for the podcast? Send them to us at ideas@healthbox.com Listen to his episode on iTunes, SoundCloud, or Libsyn