Young represents just one of the 30 trailblazing honorees on this years 30 Under 30 Social Entrepreneurs list, who manage to strike the right balance between purpose and profit. FORTUNE may receive compensation for some links to products and services on this website. They have also lived in Washington, DC and Milton, MA. The lawsuit was filed last November in the San Francisco Superior Court. Modern Health Cofounder and CEO Alyson Friedensohn. Tackling the unemployment rate for black graduates: After graduating from Dillard University, a historically black college, 29-year old Nicole Tinson received her masters degree from Yale University. Modern Health and its attorney emphatically deny all the allegations, including the equity kickbacks, as does a current company employee whom Johnson's lawsuit claims was instructed to lie. The platform does more than repurpose smartphones as devicesforhealth. Women face unique challenges when negotiating job offers. In 2017, she launched HBCU 20x20, which connects HBCU students and graduates to jobs and internships. Alyson knew that she cared deeply about de-stigmatizing mental health and increasing access to it, but she found a way to turn this passion into a multi-million dollar company: she founded Modern Health, which today announced their Series C funding of $51M dollars led by Battery Ventues with . San Francisco-based Modern Health, a startup offering mental health support as a corporate benefit, has successfully closed a $31 million Series B funding round led by Founders Fund and John Doerr, in addition to Kleiner Perkins and Afore Capital. Rivas customers, on average, are able to tack on 20% more to their initial offers, and the company has successfully negotiated on behalf of employees at companies like Google, Apple, Amazon and Facebook. "We're building a brand that helps remove the stigma around therapy," says Friedensohn. Workplace culture has never been more important. To do this, Modern Health's mental wellness platform combines well-being assessments, personalized stress management support, an international network of certified coaches, and licensed therapists in 35 languages. Copyright 2023 IBTimes LLC. For me to do an investment of this size, I need to think the CEO is phenomenal, says Founders Fund partner Brian Singerman, noting that Friedensohn leadership was at the top of his list of reasons for investing. Cue Modern Health, the brainchild ofAlyson Friedensohn, 29, and over-30 cofounder Erica Johnson. In fact, job burnout accounts for an estimated $190 billion in health spending a year in the U.S. Friedensohnsees the platform as a bellwether for an emerging view, one that centers on the primacy of the mind. Clients i Work can be stressful: a Stanford Business School study estimated job burnout costs America $190 billion in health spending a year. Modern Health empowers employers to lead Commit to it. We offer a solution that helps someone before they get to these crisis modes, which is incredibly valuable and has a strong ROI for employers.. The idea for the platform germinated duringFriedensohnstutelage at several health tech companies, but its seed was planted when she was a Hopkins undergrad. In a statement to Axios, Modern Health says: The big picture: Silicon Valley is known for encouraging startups to move fast and break things." It is the companys second financing round in the past year, bringing their total funding to $42 million. I'm thrilled to announce that registration is now open for #Elevate2022, Modern Health's virtual conference bringing together experts from every corner of the mental health world to destigmatize mental health. Even better, its donated thousands of pounds of food to local food banks and makes free produce available to schools, food-insecure college students and plant-based programs in hospitals. Here are some of the notable areas you'll find the 2020 Under 30s making waves: Preventing burn out: Work can be stressful. Check them out here. Add Modern Health as your mental health benefit provider and see your workforce thrive. Friedensohn comes from the world of health care startups and management consulting (with a side of CorePower Yoga instruction), and Johnson has a degree in neurobiology and did neuroscience research at UCSF. While investors declined to comment on Johnsons specific allegations, multiple funders confirmed they were made aware of the of the pending lawsuit prior to closing the funding round and it did not deter them from investing. Employees can sign up for one of three bucketsone offers clinical referrals for those who need it, another offers life coaching to people without a clinical need but who are experiencing moderate levels of anxiety or stress, and a third features self-guided digital content, such as meditation instructions or evidence-based courses that aim to enhance mental health. More from Forbes 30 Under 30 - Social Entrepreneurs 2020 List. Headcount tripled in 2020 to over 140 people, revenue has multiplied by 25 times in 18 months and the customer base has doubled over the past year. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices Their platform is available in over 60 countries and clients already include companies like Pixar, Nextdoor and Gitlab. Johnson filed suit against both Modern Health and Friedensohn for breach of contract, wrongful termination, relation, and defamation. YouTube
Founder, Modern Health Modern Health is the first emotional health benefits platform that supports all employees. Modern Health, the companyFriedensohnco-founded in 2017, provides a mental health well-being platform that uses iOS and Android apps and the internet to connect employees of member companies with mental health professionals and self-help programs. In a little over two years, the San Franciscobasedcompany has taken off. The company also has re-upped several of its large customers, which may raise doubts over claims that it misrepresented its capabilities. Terms & Conditions. Alyson Friedensohn helps employees from hitting the breaking point. Her digital mental health start-up Modern Health offers psychological assessments, remote therapy sessions, career coaching, and guided meditation. Stephanie Young, 27, experienced this firsthand. The company has raised raising $11 million to date from the likes of Kleiner Perkins and actor Jared Leto. Its clients include such major employers as Electronic Arts, Pixar and Lyft. Misfits Market is a subscription service that delivers misshapen but otherwise perfectly edible fruits and vegetables to consumers in 19 states as well as Washington, D.C. This week two guests join the showFounder and CEO of Modern Health, Alyson Friedensohn and Founder and Executive Director of Empower Work, Jaime-Alexis Fowler. Clients include Pixar, benefits unicorn Gusto and neighborhood social network Nextdoor. Traditionally, people think about mental health on this spectrum of green to red but mental health is not just about people in crisis, it doesn't just mean that people are in the red, explains Friedensohn, who was named to this years Forbes Under 30 list. Despite having a resume that boasts four degrees from Stanford Universitytwo engineering degrees, an M.B.A. and a masters degree in environmental scienceshe found it downright impossible to negotiate her salary at her first post-college job. Were trying to make mental health more accessible and more engaging to the entire population,Friedensohnsays. Join us for two action-packed days featuring keynote presentations with well-renowned speakers, practical stress-relieving workshops, panel discussions with leading experts, interactive Q&As, and exclusive industry research. Membercompanies can offer employees a health program that can also lower the cost employers pay for mental health insurance or individual claims. Think iFreud where companies foot the bill. How that dream turned into Modern Health, specifically, though, took what seemed like a roundabout route at the time but, in retrospect, led her to exactly where she needed to be to create it. The property sits on a twin lot just blocks from Soho House. Jobs Number of Current Jobs 1 Alyson Watson is the Founder & CEO at Modern Health. Looking back to her upbringing, her interest in health was almost a given, as the daughter of two physicians. She knew from experience that finding a practitioner, much less paying for services, is challenging. It's a shame that someone who left the company was so unhappy that they were trying to disparage and hurt the company and all of the hard work that every employee has put in here, Friedensohn told Forbes. While working at benefits provider Collective Health, 29-year-old CEO Alyson Friedensohn decided to found Modern Health as she noticed clients increasingly requesting assistance in doing so. San Francisco Bay Area, Silicon Valley), Alternate or previous names for the individual, Total number of current Jobs the person has, CB Rank (Hub): Algorithmic rank assigned to the top 100,000 most active Hubs, Total number of events the individual appeared in, Number of news articles that reference the Person. Matt Watson, Co-Founder & CEO of Origin, joins Aubrey Aquino, Reporter, iHeart Media, and Hill Harper, Award-winning Actor, Founder & CEO of The Black . 650 California St Floor 7, San Francisco, CA 94108 Office 07-128, 2023 Modern Life, Inc.All rights reserved, 2022 Modern Life, Inc. All rights reserved. By offering participants a well-stocked roster of mental health providers who can be accessed virtually, Modern Health solves a pervasive problem in areas with limited numbers of mental health professionals. 2009: Played two games in rookie season and finished with three points made collegiate debut in loss at Towson caused one turnover against the Tigers scored first career collegiate goal on a free position shot in shutout win of Fresno State finished with three points on two goals and one assist against the Bulldogs. She graduated from Johns Hopkins University with a degree in Global Environmental Change and Sustainability. Alyson Friedensohn is a founder and CEO at Modern Health. The team needs you to commit to it. We believe in taking on the burden of finding the right type of care for each person so they get help as soon as they need it. 2010: Played three games named to ALC Academic Honor Roll caused one turnover in season-opening win at George Mason. Alyson Friedensohn is a founder and CEO at Modern Health. In 2018, with cofounder Erica Johnson, she joined accelerator Y Combinator to create one, raising $11 million from the likes of Kleiner Perkins and actor Jared Leto. Explains Alyson, Its about getting early adopters who believe in your mission and take a chance on you. Work can be stressful: a Stanford Business School study estimated job burnout costs America $190 billion in health spending a year. Alyson Friedensohn Watson is the founder and CEO of Modern Health, the comprehensive mental health care solution designed for global enterprises that provides a wide variety of mental health tools and connects users with therapists, coaches and evidence-led digital content in one cohesive app, allowing workplaces to maximize productivity and foster more human-focused businesses. Modern Health has not yet filed a legal response, although is required to do so by month's end (unless the two sides enter arbitration). Cue Modern Health, the brainchild of Alyson Friedensohn, 29, and over-30 cofounder Erica Johnson . Understandably, she quickly became incredibly anxious and depressed, turning to whomever could help. She understands that the social media sites many of us visit on our devices often turn us blue and that our electronic leashes can make us feel tied to our jobs 24/7, creating stress and anxiety. Alyson Watson founded Modern Health to empower employers to lead the charge in acknowledging that mental health is just as important as physical health and to help expand the availability of mental health services with virtual and web-based programs that companies could offer to their staff. Our mission is to destigmatize mental health care, break down barriers to access, and give everyone the tools they need to build resilience, proactively engage in their mental health, and get the clinical support they need when they need it. All of which relies on a foundation of educating people about mental health -- and impacting Social Capital in a fundamental way. Hear from Founder and CEO Alyson Watson on how Modern Health is changing the definition of mental health for people everywhere. Powered and implemented by Interactive Data Managed Solutions. AlysonFriedensohn12knows that we live in an era of buzzing techno-gnatsmachines designed to steal our attention and make us feel out of control. As she explained in an interview on CNBC, she initially tried rallying her employees, indicating that this was their time to shine and that we need to go 110%. But, given the anxiety she started experiencing personally with the new remote reality and knowing that times were even harder for people with kids, Alyson realized she needed to convey to employees that their own mental health comes first. Alyson Friedensohn and Erica Johnson, cofounders, Modern Health. At Precursor, we are proud to be supporting talented founders tackling problems in new markets. Previous investors include Y Combinator and Oscar-winning actor Jared Leto. Within a year of launch, the organization has helped rescue more than 10 million pounds of food. Perhaps not surprising, the pandemic was the biggest source of employee angst throughout 2020. 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