‘Investors Are Hungry To Find the Best’: It’s Feast or Famine in Digital Behavioral Health Investing

April 2024 — In 2021, there was a massive influx of venture capital dollars pouring into the behavioral health space by firms eager to be part of the move to a more virtual future. Still, in the years since, there has been a slowdown of capital moving into the space, which has left some providers in a tough spot. Analysis and commentary from Behavioral Health Business with quotes from Stephen Hays.

“Mental Health, Meet Venture Capital”

January 2022 — Private equity firms are funneling unprecedented funds into mental health apps and related interventions. How will this trend affect mental health care and the field? Commentary from the American Psychological Association featuring insights from Stephen Hays.

More Startups Founders Are Tackling Addiction: Here’s Where The Money Is Going

June 2021 — For founders and investors in startups focused on addiction recovery, their attraction to the space often begins with a personal story. This Crunchbase article highlights the journey of Stephen Hays in building What If Ventures to invest in mental health startups.