Deal Abstract

https://www.seedinvest.com/elly/pre.seed/investor_perks

Google Assistant backed startup company that could be the Calm.com aka the video library for all audio assisted treatment for hospitals. Has a product but pre-revenue. Risks include founders who have no notable exits before, lack of big hospital connections, and painkiller value of product.

Financials (VRB)

Question Notes
1. Fundraising Target? $1m
2. Fundraised So Far? $342k
3. Pre-Money Valuation? $5m
4. Previous Year's Annual Revenue $0
5. Previous Year's Annual Burn ~$50k
Financial Summary

The 6 Calacanis Characteristics ("Sow Passion, Not easy mediocrity", or S2 P6 N18)

Criteria Yes/No
1. A startup that is based in SV? No: Los Angeles, CA
2. Has at least 2 founders? Yes: Two founders
3. Has product in the market? Yes
4. 6 months of continuous user growth or 6 months of revenue? No: still in beta and hasn't gone big on marketing.
5. Notable investors? Yes: Google Assistant Investments.
6. Post-funding, will have 18 months of runway? Yes: At $1m they'd have 20 years of runway.

The 7 Thiel Questions (Every Time Man Profits, Don't Dismiss Serendipity)

Question Score Notes
1. Engineering? 2 Technology meh, but this isn't a tech play, it's a content play
2. Timing? 2 Unsure, not seeing anything in oncology that may make this thing blow up.
3. Monopoly? 2 Sure but I really don't know other audio companions to oncology patients. Spotify podcasts?
4. People? 2 No notable exits from either founder, LinkedIn still shows them being present on some old companies.
5. Distribution? 2 Not bad, not great. No doctor who can push this product on hospital systems.
6. Durability? 3 Good, content library.
7. Secret? 2 This is going to be


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