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


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