Client Interview -
From medtech innovator to venture capital trailblazer
Jay Lakhani shares his journey from AI-driven medtech innovator to venture capitalist, emphasising adaptability, innovation, and social impact in supporting startups and fostering sustainable tech solutions.
In an exclusive interview, we delve into the remarkable journey of Jay Lakhani, a visionary who transitioned from leading a pioneering medtech company to becoming a venture capitalist. Jay's unique blend of technical expertise and strategic insight has not only shaped his career but also positions him as a key figure in the venture capital landscape.
As part of our editorial spotlight on inspiring innovators, entrepreneurs, and business leaders reshaping industries, we sat down with Jay to discuss how his background in AI-driven medical technology informs his current investment strategies and his dedication to fostering socially impactful startups. In this interview, Jay shares insights into how adaptability and innovation have shaped his approach, as well as the lessons he has learnt from his past experiences that drive his success today.
Pioneering medtech and the shift to venture capital
Jay's venture into medtech was sparked during his engineering studies at the University of Oxford, where he focused on AI applications in medical imaging. “It was my first glimpse into the world of AI and how it might apply to medical images,” Jay recalls, setting the stage for his future endeavours.
His career transitioned through finance before circling back to technology, when an idea for AI-driven diagnostics in ophthalmology took hold. “I posted something on LinkedIn about my master's thesis... and it exploded from there,” Jay explains. This led to the creation of Visulytix, which aimed to bring specialised diagnostic capabilities to standard high-street settings.
Venture capital: A new arena
After selling Visulytix, Jay faced a pivotal decision: start anew or shift focus. Venture capital emerged as the natural next step. "I was either going to start another startup or try to apply my personal experience across investing and being a founder,” Jay states. He chose the latter as a way to "play that kind of combination of skills."
Jay's medtech experience profoundly influences his venture capital strategy. He seeks startups with the potential for high returns and significant social impact. Jay emphasises the importance of practical technology applications, particularly in sectors like real estate and construction, which are ripe for innovation.
“There are lots of low-hanging fruit... DocuSign could be applied to real estate to fix some of these problems.”
Key insights for startups
For startups looking to make their mark, Jay offers grounded advice. He values resilience and a clear commitment to addressing significant challenges. “It is much more likely they're going only to leave their jobs if they have a burning desire to solve the problem,” observes, shifting away from 'founder tourism' to more purpose-driven ventures.
Jay is particularly drawn to founders who demonstrate a capability to pivot and adapt – an essential trait that helped him throughout his career. He advises entrepreneurs to stay flexible and responsive to market needs, qualities that he attributes to much of his success.
Conclusion
As we wrap up our interview, Jay reflects on his son’s future and the deeper motivations behind his work. “I think about the global climate for him, the kind of world he will inherit. It is not just about making money or advancing technology – it is about ensuring that the work we do today creates a sustainable future for the next generation.” Now a venture capitalist, Jay remains dedicated to the innovative and socially impactful ethos that defined his tenure in medtech, with a mission to support tech enterprises that are transformative, sustainable, and beneficial for society at large.
Arbuthnot Latham: Facilitating connections that matter
At Arbuthnot Latham, we understand the importance of strategic connections in the technology sector. Our commercial bankers are committed to supporting businesses from startup to exit and succession planning.
By opening up our extensive network of contacts, we facilitate introductions to influential figures like Jay, helping our clients advance their ambitions and achieve tremendous success. This tailored approach ensures that each client receives the support and opportunities necessary to navigate the complex tech landscape.
Share your success story and connect with other inspiring leaders
Jay’s journey from medtech innovator to venture capital trailblazer is just one of the many examples of how vision, adaptability, and innovation can transform industries. If you are an entrepreneur or business leader with a story of your own, we would love to hear from you. Reach out to your commercial or private banker to explore how we can showcase your journey to our community.
We also believe in the power of connections. If you are interested in meeting other inspiring figures like Jay to explore new opportunities, connect with your commercial or private banker to be introduced to our network of influential leaders and industry pioneers.
Further reading
Insights
The latest insights, views and industry news from Arbuthnot Latham focusing on private banking, commercial banking and wealth management.
Healthcare in your pocket: Medivault and their revolutionisation of healthcare
Medivault, led by CEO Mark Jackson, aims to revolutionise healthcare by providing secure, accessible medical records, empowering patients and healthcare providers with data-driven insights for better, proactive health management.
Unlocking success in indie gaming
Achieving commercial success in the competitive world of video game development requires more than just creative brilliance – it demands strategic delegation and the right partnerships.