20VC: Oscar Health: How to Deal with a 94% Decline in Market Cap, "Why I Stood Aside as CEO" and The Rebound Journey to $5.8BN in Revenue with Mario Schlosser, Co-Founder @ Oscar Health

Mario Schlosser is the Co-Founder and Chief Technology Officer at Oscar Health. The public company that went public with a market cap of $7.1BN. Following a tumultuous time in the markets, their stock price dropped 94%. Today, the company has rebounded and has a market cap of $3.2BN with an astonishing $5.8BN of revenues. Before co-founding Oscar, Mario also co-founded the largest social gaming company in Latin America. In Today's Episode with Mario Schlosser We Discuss: 1. From German Middle-Class to Public Company Founder: • How did Mario make his way into the world of tech and come to co-found Oscar with Josh Kushner • ? • Does Mario agree with Jensen Huang that "we should all have lower expectations"? • What does Mario know now that he wishes he had known when he started Oscar? 2. Why Did Oscar Tank 94% in the Public Markets: • What was the core reason why Oscar tanked 94% in the markets? • What would Mario have done differently knowing all he knows now about public markets? • Does Mario regret going public? What are the biggest pros and cons? 3. The Mental Challenge of a 94% Market Cap Decline: • How did Mario mentally deal with the company being down 94%? • What does he say to himself in the truly hard times? • How did Mario use his co-founder, a coach and his family, to get through the really bad times? • What are Mario's experiences like with anti-depressants? What worked? What did not? 4. Firing Yourself as CEO: • Why did Mario decide to step aside as CEO? What was the decision-making process? • On reflection, does Mario think he was a good CEO? Where was he good? Where was he bad? • What are the biggest management pieces of advice that Mario thinks are BS?