Alexa/Siri/Google Now for individuals facing chronic health conditions. Has a moble app in beta and will be rolling out a Healthome Platform post-funding. This is pre-revenue, with the beta version scheduled for Q2. Plans to make money from pharma partnerships and freemium personalized programs.
No: not my specialty.
- No revenue, no product in the market, serving a niche field that I don’t know much about. I googled Illumina and found myself with more confusion than clarity when trying to understand this ecosystem.
- Burning 230k in 2017 then 384k in 2018 to build an app that doesn’t have revenues is an industry that I’m not comfortable.
- Fundamentally, while I believe that this may be a great product, I’m struggling to see how this becomes a great business. That said, if anyone can figure it out, it seems this team is it.
The 6 Calacanis Characteristics (91 161 18)
Passed on 2/6.
|1. A startup that is based in SV||Pass: (San Francisco, CA)|
|2. Has at least 2 founders||Fail|
|3. Has product in the market||Fail|
|4. 6 months of continuous user growth or 6 months of revenue.||Fail|
|5. Notable investors?||Maybe?|
|6. Post-funding, will have 18 months of runway||Pass: burn rate is $4.3k/mth, at $250k raise this is 58 months.|
Burned 230k in 2017 then 384k in 2018. Monthly burn at present is 32k/month. At $178k already fundraised, this is 5.56 months, if they hit the 900k, that’s 28 months. That said, biotech seems like it’s always at risk of being a giant money sink.Gali Financial Summary (Hosted link.)
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