Driving Alpha · 2026-03-18 · 37 min
What does it take to consistently generate venture capital returns in one of the most complex industries in the world? Garheng Kong, founder and managing partner of HealthQuest Capital, has spent more than two decades answering that question, backing transformative healthcare companies that improve patient outcomes while bending the healthcare cost curve. A physician, scientist, and engineer by training, Garheng has led investments resulting in more than 40 IPO and M&A exits across medical devices, diagnostics, biopharma, and healthcare services. Here's a glimpse of what you'll learn: 00:10 Meet Garheng Kong 01:51 Athletics and Teamwork 03:08 From Medicine to Investing 05:29 Why Start HealthQuest 08:17 Modality Agnostic Edge 09:42 Measuring Outcomes and Value 12:35 Evaluating Founders Fast 15:35 Hidden Systemic Problems 17:55 AI in Healthcare 25:40 Lessons and Mentorship 29:08 Succession and Alpha Edge 32:07 Lightning Round and Wrap In this episode, Garheng shares the investment philosophy behind HealthQuest Capital and explains why the firm takes a modality-agnostic approach to healthcare investing.
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