Ian Chiu, Managing Director at Owl Ventures, on the VatorNews Innovation podcast
Owl Ventures is the largest edtech VC firm with over $2.25B in assets under management
Read more...Founders Alex and Chris Naoumidis, co-CEOs of Mindset Health sit down with Bambi Francisco Roizen for the VatorNews podcast. They discuss how hypnotherapy can be used to address physical conditions, such as IBS (irritable bowel syndrome and menopausal hot flashes), by changing the way the brain thinks about pain and other stresses.
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So how does hypnotherapy work to improve the gut? Gut-hypnotherapy is a guided process that aims to help people focus on certain gastrointestinal sensitivity. The techniques use imagery and suggestion designed to calm the digestive tract system and remove thoughts of discomfort. The idea of hypnosis is that there is a miscommunication between the brain and the gut. It’s similar to how changes in the brain can change perceptions of pain. People with IBS typically have visceral hypersensitivity, which means a person has a lower threshold for pain in the abdomin. Hypnosis is changing the way the brain regulates those messages and dials down the sensitivity.
Hypnosis is an alternative to diets. A study conducted by Dr. Peters shows that hypnosis is more effective or just as effective as diets, specifically the FODMAP diet.
The mental health app is called Mindset. The difference with Nerva is that the guided process follows a cognitive behavioral approach, directing people to focus on what they can control vs what they can’t or understanding the outside world vs their perception. While the guided instructions or techniques are different, the process is the same in that a person shuts their eyes and are directed to focus on a particular topic.
The company plans to have both a B2C and B2B approach. They’re currently seeking to expand to more providers - dieticians as well as therapists. Their marketing for B2C has involved SEM)
At the moment the company has some 9k to 10k users. 45% in the US and 55% in Australia and England.
Demographics: IBS is 75% are women so IBS is 30yrd old women; Mindset skews more male but closer to 50/50. Our next program is managing hot flashes (older women demographics). Each of our programs targeting
The next program Mindset will tackle is hot flashes, a common symptom of the menopausal transition. Hormone Replacement Therapy was once the treatment. During menopause, women lose estrogen, and HRT replaces that estrogen via a pill. But HRT is not advised because it increases the risk of cancer, heart disease and many other ailments. Hypnosis is one of the proven clinically validated for hot flashes.
Mindset’s differentiation is the use of hypnosis for various underserved conditions, like IBS and hot flashes, beyond anxiety and depression.
Listen on closer to the end when we discuss 50k-foot questions, such as what’s the root cause of the rise in mental health, particularly for the 18-24 yr old demographic? We discuss technology as creating a “reality distortion field” that isn’t good for mental health and the role of religion and lockdowns.
Woman of many skills: Database System Engineer; SplashX event producer; Author of Startup Teams
All author postsOwl Ventures is the largest edtech VC firm with over $2.25B in assets under management
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