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  1. Stephen Hays is the founder of What If Ventures, a firm investing in mental health and addiction startups. He is also the creator of the Stigma Podcast, a platform to share stories of recovery and wellness.

  2. Mar 18, 2021 · Startup investor Stephen Hays got hooked on gambling, drugs, women, and work. Getting free has been his toughest play of all.

  3. Meet Stephen Hays and the team behind What If Ventures. Learn more about how they invest in startups focused on mental health and addiction recovery.

    • We Are Facing A Crisis
    • The Dark Ages
    • What We’Ve Learned
    • Where Is The Opportunity?
    • Conclusion

    What we do know for sure is that there is a crisis — one in five U.S. adults experience a mental illness each year, and less than halfof those who need help are able to get it. The supply of affordable, effective mental health care doesn’t come close to meeting the demand for such care. Demand is increasing rapidly as stigma decreases and people se...

    Sometimes I think about where we are in mental health care relative to how far we’ve come in other disciplines. For example, let’s look at the human heart. The heart was first discovered in the 2nd century A.D. and we really started to understand it more fully in the 17th century (more on that here), yet still, in 2020, heart disease was the top ca...

    The sky is not falling. In fact, we’ve made more progress in the last decade of mental health advancements than we made in past centuries of progress in other health indications, in my opinion. Over the last few years, What If Ventures has invested more than $40mm into 31 startups in the space and we’ve learned a lot from our involvement with our p...

    I’ve listed a handful of the categories in which I think we will see major breakthroughs in the coming years based on investing in 31 startups in the space and evaluating over 1,000 businesses in the last two years. This is by no means an exhaustive list, but these are some of the areas we are thinking about daily. 1. Measurement & Testing:You can’...

    There are so many ways to attack the mental health crisis. There are thousands of problems, and even more potential solutions. This isn’t a winner-take-all kind of market or problem set. There is room for everyone and anyone to try to help. That is our focus — getting as many people involved in the development of solutions as possible. My way of be...

  4. Aug 6, 2020 · About What If Ventures — What If Ventures exists to invest in mental health and addiction focused startups. The fund was launched in 2019 by Stephen Hays.

  5. Mental Health Startup Valuation Overview with Stephen Hays. In this mental health market update episode, we are covering valuation trends, investor sentiment, and our 9 key takeaways from the mental health startup market heading into 2021.

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  7. Stephen Hays is the founder of What If Ventures, a venture firm investing primarily in early-stage mental health and addiction recovery-focused startups.