“It is not this amazing entrepreneur-friendly thing that everybody talks about it's just business. “I was really naive, and now I just see it for what it is,” Devesa says in a recent interview. Devesa says the legal ordeal has made him question everything he believed about Stanford’s high-minded pursuit of innovation and Silicon Valley’s promise of meritocracy. Claims of fraud, stolen company secrets, a lawsuit and counter lawsuit have embroiled MedWhat and StartX-and several investors along with them. Two years later, the highly competitive Stanford University-backed StartX venture capital fund accepted Devesa and MedWhat into its fold.īut Devesa’s dream of making it big in the tech industry soon ebbed into a nightmare of litigation.
The ambitious entrepreneur founded MedWhat in Florida at the age of 24 to create a healthcare virtual assistant inspired by his mother’s experience fielding patient queries as a nurse-an artificially intelligent chatbot that could answer people’s medical questions.Īfter winning $30,000 in a business pitch competition at Florida Atlantic University, where he worked as an adjunct professor, he moved to Palo Alto in 2011 with hopes of growing the company. This is not how Arturo Devesa envisioned his fate when he moved to Silicon Valley.
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