NEWS / PEOPLE

The commercial life / Gaurav Suri

Gaurav Suri and the distance between an idea and a deal

Before co-founding Health IQ, Gaurav Suri was finding things to put on the early broadband internet. His career runs through Comcast, Like.com and Google - and through the less tidy business of getting an idea to pay its way.

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In the summer of 1998, Gaurav Suri had a use for your new cable modem: Christopher Cross. Comcast’s online service was experimenting with concert streams, including performances by Cross and Lynyrd Skynyrd. One came with a chance to chat with the performer. The internet’s future, for an evening, included a rather familiar soundtrack.

Suri was Comcast Online’s director of content. The company had assembled 13 partnerships with content providers, among them Bravo, The Weather Channel and SonicNet. The practical ambition was disarmingly modest: give people a reason to use the homepage. A faster connection could deliver more. Someone still had to arrange what arrived.

That small distinction opens a useful window onto Suri’s career. He has worked around products whose possibilities were easier to demonstrate than their commercial arrangements were to complete. His assignments have included content, sales, partnerships and acquisitions. Along the way came Like.com’s sale to Google, the co-founding of Health IQ and a much less cheerful corporate ending.

The homepage needed a reason to exist

Before the shopping engines and founder titles, there was a fairly conventional business education. Suri earned an economics degree with honors from Wharton and an MBA from Harvard Business School. His Harvard years ran from 1993 to 1995; he lists a stint as co-president of the Small Business & New Enterprise Club. Even the extracurricular activity sounds like preparation for a meeting.

He began his career in investment banking at Dean Witter in New York. Later came business and operational positions at Prodigy, Veon and Comcast. His working life crossed the boundary between finance and the businesses being assembled around the internet. In the Comcast chapter, the product was becoming a place to spend time.

By May 1998, Comcast’s local information effort, InYourTown.com, extended across 21 markets. Suri described a supply of material from 50 online partners. Arts, dining, property and education belonged on the menu. The local web was being put together one agreement at a time, with the ordinary requirements of daily life sitting beside the technological promise.

There is something pleasingly concrete about that early assignment. A restaurant listing has to describe a restaurant. An entertainment page needs entertainment. The connection to a household becomes more valuable when there is something at the other end of it. For Suri, the job joined the machinery of distribution to the material people might actually want.

“We want people to make use of our home page.”

Gaurav Suri, 1998

A fast connection still needs a business

In January 1999, Comcast introduced OnBroadband.com, a portal aimed at people with high-speed connections. Suri, then described as general manager of content and director of business development, framed the opportunity around customers whose connections had outrun the available applications. Speed was arriving ahead of enough useful destinations.

Two months later, his name appeared beside a different kind of agreement. Comcast was adopting DoubleClick’s DART advertising technology. It would manage advertising inventory, target advertisements and produce performance reports. The entertainment had an economic companion: a system for selling and measuring the space around it.

Suri emphasized compatibility and room to grow, describing the need for something “scalable and flexible enough to work with our own technology.” The statement is a small piece of corporate prose with a substantial practical concern inside it. Bringing another company’s system into your own creates obligations after the agreement is signed.

Seen together, the concerts and the advertising arrangement give business development a more tangible meaning. One agreement brings in something a customer wants. Another helps organize how the service earns money. Both must fit the product already being built. A homepage can look like a collection of links while concealing a collection of negotiations.

The commercial thread
  1. 01 / COMCASTFind the contentPartners give a connection something to carry.
  2. 02 / LIKE.COMConnect the shoppingVisual search meets merchants and customers.
  3. 03 / CORPORATE DEVELOPMENTMake the agreementPartnerships and acquisitions become the assignment.
A career drawn through its assignments. The technology changes; the need for other organizations keeps returning.

When a picture became a shopping query

Suri’s subsequent roles took him through AOL, NexTag and myTriggers.com. The responsibilities covered products, new business development and operations. At Like.com, which he joined in 2008, he led business development and sales. It was a move into a business where an image could do some of the work usually performed by a search term.

Like.com used computer vision and machine learning to help people search for clothing, shoes, jewelry and decor. Its neighboring properties included Covet.com, a personal shopping service, and Couturious.com, a virtual fashion studio. A shopper’s interest in a shape or pattern could become a commercial starting point.

The idea gave the company a clear technical proposition. It also put commercial relationships near the center of the experience. A search for an object eventually has to lead somewhere that can sell it. Suri’s sales and business development role belonged at that junction between the appeal of the technology and the practical route to a purchase.

In August 2010, Google acquired Like.com. The transaction’s financial terms were not disclosed. Google welcomed the company’s technology and domain knowledge and said the team would work with its commerce group. For Suri, the commercial role at a smaller company had reached a transaction with a much larger one.

The announcement signed by Munjal Shah gave credit to employees, alumni, investors and merchant partners. That list matters. Even a company organized around visual recognition needed people and organizations outside its engineering team. The acquisition put a price on a business whose relationships were part of what made it a business.

Suri led the deal. He subsequently worked at Google in global alliance development. In 2011, the former Like.com team’s work was being incorporated into Google Product Search. The company name could recede while its technology found a larger distribution system.

The colleague who came back

Suri and Shah worked together again at Health IQ, founded in 2013. The pairing connects two chapters that could otherwise look like unrelated entries on a résumé. They had already shared the experience of a smaller technology company becoming part of Google. Now they were founders of another business.

In a 2015 conversation about Shah, Suri supplied a useful bit of levity: “You don’t have to be serious to be taken seriously.” The comment concerned his colleague. It is also a welcome interruption in the solemn vocabulary of executive biographies, where practically everyone appears to have spent thirty years gazing purposefully at a growth chart.

Gaurav Suri, seated second from right, with fellow panelists at the 2017 LIDMA conference in Washington, D.C.
Six people, one long table, plenty to negotiate. Suri, second from right, at LIDMA’s 2017 conference in Washington, D.C. Photograph published by Brian Casey.

By 2017, Suri was appearing alongside other founders and industry specialists. At a conference panel in Washington, D.C., the group included Jennifer Fitzgerald of PolicyGenius, investor Caribou Honig, Michael Kalen and lawyer Brian Casey. Bob Bland moderated. The seating plan brought company builders, capital and legal expertise into the same conversation.

His title changed across Health IQ’s years. He was described as chief operating officer, and as president and chief business officer. A 2019 conference registration listed him as president and co-founder. In 2020, he was advertised as a presenter on an industry webinar. The executive work continued well beyond the first announcement of a startup.

The CEO title arrived in a cash crisis

In February 2023, Suri succeeded Shah as Health IQ’s CEO. The timing is essential to understanding the appointment: the company had already begun large layoffs in December 2022. He took the chief executive position after the financial trouble had become visible. Becoming CEO and starting a company’s difficulties are different events on the calendar.

On August 30, 2023, Health IQ filed for Chapter 7 bankruptcy. Its filing listed $1.3 million in assets and $256.7 million in liabilities. Those were the company’s figures. They describe the scale of the corporate shortfall; they say nothing about Suri’s personal wealth.

Health IQ / August 2023 filing
Liabilities$256.7M
Assets$1.3M

Same dollar scale. Company figures at filing, rounded.

The ending complicates the earlier acquisition story. A career containing Google’s purchase of Like.com also contains the liquidation of a company Suri co-founded. One outcome cannot stand in for the other. The contrast belongs in the account because both changed the organizations in which he worked, and the people with a stake in them.

There is no need to invent an epiphany for him. The dated events carry their own weight: founder in 2013, chief executive in February 2023, bankruptcy that August. A business biography earns its usefulness by allowing those dates to remain uncomfortable.

Another company, a familiar assignment

Suri’s current role brings the career back to agreements. Hippocratic AI lists him as chief business development officer, with responsibility for mergers and acquisitions, strategic partnerships and corporate development. Shah is the company’s CEO. Their professional paths have crossed again, with Suri assigned the work of connecting a company to other companies.

The title contains a recognizable continuity with Comcast’s content arrangements and Like.com’s commercial work. There are other organizations to bring to the table, terms to settle and a product whose prospects depend partly on what happens outside the company that built it.

Back in 1998, the immediate task included getting people to return to a homepage. There was a concert to deliver, a partner to work with and an audience on the other end of a cable. The equipment has changed considerably. The space between a technical possibility and a working business remains a place where Suri has spent much of his career.

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