Investor Ara Chackerian Explains How Unhealthy The Tech Sector Is For Its Workers
Ara Chackerian is a San Francisco-based businessman and investor. He invests in companies in the healthcare sector. He is an active investor who lends his knowledge and experience to the companies he helps build. Companies he has taken an active role in include BMC Diagnostics, TMS Health Solutions, Embion/Provider Links, and PipelineRx.
Along with his business partner, Ara Chackerian built a chain of out-patient diagnostic radiology centers. They used this experience to build TMS Health Solutions. This company, which operates across the Bay Area, uses transcranial magnetic stimulation to help people who have a major depressive disorder that has not been helped by traditional therapies.
He came up with the idea of this company during a meeting with Dr. Richard Bermudas. Dr. Bermudas had been using TMS to treat patients for years but had run into numerous issues. Many health plans wouldn’t cover TMS, even though it is an FDA approved treatment, and he had a hard time hiring good technicians. By teaming up with Ara Chackerian and Brad Hummel, he was able to straighten these issues out.
As someone who works with people in Silicon Valley, Ara Chackerian says that many people in the tech industry have depression. It’s usually people who have just entered the industry and must work very long hours and/or multiple jobs. There’s even a term called “founders blues” for people who work at technology startups and have depression.
Research into depression in the tech industry revealed that 72 percent of workers reported having some form of mental illness. These were bipolar disorder, ADHD, depression, anxiety, ADD, and addiction. Ara Chackerian says that the workplace environment needs to change and provide people with a healthy work-life balance. How the technology sector now operates isn’t healthy for anybody. He said that people need to be allowed to take breaks and work a reasonable number of hours.