Twitter co-founder Jack Dorsey during a talk today at Webster University in St. Louis outlined his next venture, which he hinted may be focused on health care and financial services, according to the Wall Street Journal. Dorsey, who is now the chairman of Twitter’s board after stepping down as CEO last year, said the city of St. Louis would play a “very large part” in his next venture, according to a local paper.
Dorsey’s interest in health care mirrors other tech companies’ plans to enter the space, including Dell, Verizon and Google. Yet tech companies excited about opportunities in health care will likely have to deal with government regulation and frustrated doctors who may have previously invested in technology for their practice but received little return. That could prove a daunting task for a nascent company like Dorsey’s.
During his speech, Dorsey said that the new venture, which is currently in stealth mode, will be focused on Twitter’s core values: immediacy, transparency and approachability.