Krein came on as StartUp Health’s chief medical officer in 2011 and since then it has invested in more than 300 health care businesses. Following the launch, StartUp Health evolved into a full-fledged investment firm and startup incubator, touting a “25-year master plan” to recruit a “global army of entrepreneurs.”. Asked about ethical safeguards that would apply to the firm in a Biden administration, the campaign official pointed to the former vice president’s 2019 statement to POLITICO that "I have never discussed, with my son or my brother or with anyone else, anything having to do with their businesses. Conservative journalist Peter Schweizer includes a section on StartUp Health’s access to the government during the Obama years in his 2020 book, “Profiles in Corruption,” in which he argues that Biden and his relatives used the trappings of his office to promote their private ventures. [20][21], Krein has been an advisor to the Joe Biden 2020 presidential campaign on its COVID-19 pandemic response. By Brian Freeman | Krein’s brother appeared at the conference as a guest of Todd Park, then serving as HHS’ chief technology officer. “Biden family members see that Joe’s vested public power is convenient for the creation of business opportunities for personal wealth,” Schweizer writes. He is the husband of Ashley Biden, the daughter of former United States Vice President Joe Biden.
Josh Kushner, brother of President Donald Trump’s son-in-law and one of his senior advisers, Jared Kushner, has faced similar scrutiny for the potential conflicts posed by his venture firm, Thrive Capital. 2020 elections. He Krein, 53, a Philadelphia-based surgeon got into venture investing shortly after he began dating Biden’s daughter, Ashley, in 2010. “StartUp Health is putting the full support of its platform and network behind building a post-Covid world that uses technology and entrepreneurial ingenuity to improve health outcomes,” the firm said at the time. During Obama’s second term, Krein and his firm became more visibly associated with Biden’s health care policy. Krein’s brother told the Business Journal that he used the meeting to let Obama know the administration’s health reforms offered a potential “treasure trove” to health startups. A spokesperson for Park, Ken Baer, said Park first met Steven Krein and his business partners at the South by Southwest festival in Austin, Texas, in March 2011, and that StartUp Health was among dozens of projects featured at the HHS conference. You can unsubscribe at any time and you can contact us here. And to make that announcement, please welcome to the stage Steve Krein from New York City, who is going to make a big deal on a big opportunity. In a 2015 filing, StartUp Health Holdings said it had raised $5 million of a $30 million offering. James Biden.
At the HHS conference the next day, StartUp Health received a stamp of approval from the Obama administration’s chief technology officer, Aneesh Chopra, who introduced Krein’s brother.
Howard Krein is a Head and Neck Cancer Surgeon at Thomas Jefferson University Hospital. American.
When asked about ethical safeguards in a Biden administration, a campaign official cited Biden’s statement last year that "I have never discussed, with my son or my brother or with anyone else, anything having to do with their businesses. Joe Biden had four children, two are deceased. “Those companies will take your calls,” he said.
In March, as Jared Kushner led the Trump’s administration’s coronavirus task force, Oscar Health built a website that directed users to nearby coronavirus testing sites at the behest of the federal government, a project that was quickly scrapped, according to an investigation by The Atlantic.
“I have little doubt that the relationship to Joe Biden, particularly if he becomes president, would attract the interest of some investors,” said Avik Roy, founder of Roy Healthcare Research, an investment research firm, and a former adviser to the presidential campaigns of Sens. Tuesday, 13 October 2020 10:30 AM. Krein told the Philadelphia Business Journal that Biden was “a big fan” of StartUp Health and had arranged the Oval Office meeting when Krein mentioned to his father-in-law that his business partners were in Washington.
(AP Photo/Lau Fook Kong, The Straits Times). And in 2018, it announced it had raised a $31 million fund.
Come on, man!”. [2][15][16][17] The firm, whose Chief Executive Officer is Krein's brother, lobbied the government on health industry technology regulations in 2018. Howard David Krein is an American otolaryngologist, plastic surgeon, and business executive. Such a situation could spur accusations of conflict-of-interest for a Biden administration or at least create an awkward appearance of his son-in-law profiting off the adminstration’s policies. [2], As a teenager Krein competed in CowTown, a weekly summertime rodeo competition in Pilesgrove, New Jersey. Early on in the pandemic, StartUp Health announced a goal to invest a total of $1 million in 10 startups with coronavirus applications in order to build “a post-Covid world that uses technology and entrepreneurial ingenuity to improve health outcomes.”.