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a16z, GV back Thatch in its effort to simplify health benefits for startups and their employees



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When you’re dealing with health issues, worrying about how you’re going to pay for care can be a major additional stressor. This can be compounded when you’re facing major illnesses, such as receiving treatment for cancer or having surgery.
Chris Ellis and Adam Stevenson had the unfortunate experiences of losing parents to cancer at a young age. During those emotionally painful times, they also saw firsthand how difficult it was to manage the process of paying for care. So they teamed up in 2021 to build Thatch, a startup that aims to simplify health payments for employers and employees alike.
“We both felt really strongly that we wanted to take the things that we’ve learned and go make an impact on patients like our parents,” Ellis recalls. “When we left our jobs in October 2021, we actually weren’t sure yet even what kind of shape that would take. But when we went out and we talked to a …

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