Behind Her Empire: Hitha Palepu on Women Founders and the 'True' Failure

Yasmin Nouri

Yasmin is the host of the "Behind Her Empire" podcast, focused on highlighting self-made women leaders and entrepreneurs and how they tackle their career, money, family and life.

Each episode covers their unique hero's journey and what it really takes to build an empire with key lessons learned along the way. The goal of the series is to empower you to see what's possible & inspire you to create financial freedom in your own life.

Hitha Palepu

Rhoshan Pharmaceuticals CEO Hitha Palepu joins this week's Behind Her Empire to talk about how she became an angel investor focused on women-founded businesses and her latest book, "We're Speaking: The Life Lessons of Kamala Harris."

Palepu is the daughter of immigrants who came to the U.S. from India. Her father lost his hearing when he was 10 years old. He got through school by lip reading; it wasn't until he arrived in the states he got his first hearing aid.

"All he wanted was the chance to get started in the scientific world. He had his master's in chemistry," said Palepu. He worked scrubbing toilets at McDonalds while trying to land a job as a bench chemist. Her mother left behind a life of privilege in India.

"I think that sums up who I am today, I was born a daughter of incredibly tenacious, hard-working parents who got rejected over and over and over again, and never let that stop them," said Palepu.

With the help of her parent's money manager, Palepu realized she could become a serious investor. It wasn't until about her third investment she felt like calling herself an actual investor.

"I do like to get my hands dirty with my companies and help out however I can. I'm not here to tell them how to run [them], I invest in people that I trust to run their companies," said Palepu.

She learned quickly that women face more hurdles as CEO and investors, as opposed to men, who often get a pass when their companies fail.

"It makes me so mad," she said. "Not only are we not allowed to fail, [but] the business press loves building up a woman CEO or any underrepresented CEO or founder just to tear them down."

For Papelu, business losses don't define failure. "There's just a failure to progress, staying still and not growing and not striving and not learning. That's the true failure."

In this wide-ranging conversation, we hear about Papelu's time in the corporate world, why she ultimately decided to go out on her own, and the many lessons she learned from her first "failure" in the startup world.

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Greater Good Health Raises $10 Million To Fix America’s Doctor Shortage

Keerthi Vedantam

Keerthi Vedantam is a bioscience reporter at dot.LA. She cut her teeth covering everything from cloud computing to 5G in San Francisco and Seattle. Before she covered tech, Keerthi reported on tribal lands and congressional policy in Washington, D.C. Connect with her on Twitter, Clubhouse (@keerthivedantam) or Signal at 408-470-0776.

Greater Good Health Raises $10 Million To Fix America’s Doctor Shortage
Courtesy of Greater Good Health

The pandemic highlighted what’s been a growing trend for years: Medical students are prioritizing high-paying specialty fields over primary care, leading to a shortage of primary care doctors who take care of a patient’s day-to-day health concerns. These physicians are a cornerstone of preventative health care, which when addressed can lower health care costs for patients, insurers and the government. But there’s a massive shortage of doctors all over the country, and the pipeline for primary care physicians is even weaker.

One local startup is offering a possible answer to this supply squeeze: nurse practitioners.

On Wednesday, Manhattan Beach-based Greater Good Health unveiled $10 million in new funding led by LRVHealth, adding to $3 million in seed funding raised by the startup last year. The company employs nurse practitioners and pairs them with doctor’s offices and medical clinics; this allows nurse practitioners to take on patients who would otherwise have to wait weeks, or even months, to see a doctor.

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Plus Capital Partner Amanda Groves on Celebrity Equity Investments

Minnie Ingersoll
Minnie Ingersoll is a partner at TenOneTen and host of the LA Venture podcast. Prior to TenOneTen, Minnie was the COO and co-founder of $100M+, an online marketplace for used cars. Minnie started her career as an early product manager at Google. Minnie studied Computer Science at Stanford and has an MBA from HBS. She recently moved back to L.A. after 20+ years in the Bay Area and is excited to be a part of the growing tech ecosystem of Southern California. In her space time, Minnie surfs baby waves and raises baby people.
PLUS Capital​’s Amanda Groves.
Courtesy of Amanda Groves.

On this episode of the L.A. Venture podcast, Amanda Groves talks about how PLUS Capital advises celebrity investors and why more high-profile individuals are choosing to invest instead of endorse.

As a partner at PLUS, Groves works with over 70 artists and athletes, helping to guide their investment strategies. PLUS advises their talent roster to combine their financial capital with their social capital and focus on five investment areas: the future of work, future of education, health and wellness, the conscious consumer and sustainability.

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