Issue No. 20Sunday, May 17, 202685 episodes · 312 articles
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Business20VC with Harry Stebbings

The Five Year Desert to Product Market Fit and a $5.3BN Valuation | Shiv Rao, Founder @ Abridge

With Harry Stebbings, Shiv Rao · Sunday, May 17, 2026

Harry Stebbings interviews Shiv Rao, founder and CEO of Abridge, about the company's journey from a five-year "wilderness" to a $5.3BN valuation in vertical AI for healthcare. They discuss critical lessons on market timing, fundraising, unique company values, navigating the complex healthcare enterprise market, and Abridge's strategy for building proprietary AI models alongside leveraging frontier technology. Rao also shares insights on leadership, talent acquisition, and balancing a demanding founder role with family life.

Abridge: How to Survive a 5-Year AI Market Wait

Abridge founder Shiv Rao waited 5 years for AI's market to open up. Here's how he kept his company alive, stayed focused on a 'true north' thesis, and built a $5.3BN giant.

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