Deal Abstract
Invest in Atom Limbs: 🔥 Revolutionary prosthetics to end physical disability 🦾 | Wefunder
🔥 Revolutionary prosthetics to end physical disability 🦾
High tech prosthetic limbs for amputees, but can they take it to market?
Financials (VRB)
| Question | Notes |
|---|---|
| 1. Fundraising Target? | $5000000 |
| 2. Fundraised So Far? | $1880452 |
| 3. Pre-Money Valuation? | $40000000 |
| 4. Previous Year's Annual Revenue | $0 |
| 5. Previous Year's Annual Net Income (+ Profitable, - Burning Cash) | ~$-176814 |
The 6 Calacanis Characteristics ("Sow Passion, Not easy mediocrity", or S2 P6 N18)
| Criteria | Yes/No |
|---|---|
| 1. A startup that is based in SV? | True: San Francisco, CA |
| 2. Has at least 2 founders? | True: Two |
| 3. Has product in the market? | False: Funding R&D |
| 4. 6 months of continuous user growth or 6 months of revenue? | False: No revenue |
| 5. Notable investors? | True: No one I recognize |
| 6. Post-funding, will have 18 months of runway? | True: Just needs $350k |
The 7 Thiel Questions (Every Time Man Profits, Don't Dismiss Serendipity)
| Question | Score | Notes |
|---|---|---|
| 1. Engineering? | 4 | If they can pull it off, this would definitely be an engineering improvement |
| 2. Timing? | 1 | Not sure why this is the right timing to build this company |
| 3. Monopoly? | 1 | No market share |
| 4. People? | 4 | People seem good, especially the technical talent |
| 5. Distribution? | 1 | No easy access to customers |
| 6. Durability? | 5 | Incredible technology if they can pull it off |
| 7. Secret? | 2 | Now is the right time to commercialize a brain controlled prosthetic and take it to market |
What has to go right for the startup to return money on investment:
1. Technology has to go to market; 2. Technology has to be applicable to other prosthetics soon; 3. Product has to have low service costs so it doesn't require constant repairs
What the Risks Are
1. Hardware product not in market; 2. Market is not growing at any notable clip; 3. True engineering product and can't see where the business is yet
Bonus Muhan's Notes
Very cool technology
Updates
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So, did I invest?
Click here to find out.Other thoughts, questions, comments, or concerns? Write me at mail@muhanzhang.com and let me know.