New AI and better designed glucometer.
|1. Fundraising Target?||$3000000|
|2. Fundraised So Far?||$1967638|
|3. Pre-Money Valuation?||$25000000|
|4. Previous Year's Annual Revenue||$28684|
|5. Previous Year's Annual Net Income (+ Profitable, - Burning Cash)||~$-1651287|
The 6 Calacanis Characteristics ("Sow Passion, Not easy mediocrity", or S2 P6 N18)
|1. A startup that is based in SV?||False: Los Angeles, CA|
|2. Has at least 2 founders?||False: Two|
|3. Has product in the market?||True: Revenue generating|
|4. 6 months of continuous user growth or 6 months of revenue?||True: Though growth very modest|
|5. Notable investors?||False: No one I recognize|
|6. Post-funding, will have 18 months of runway?||True: But needs to raise full amount|
|1. Engineering?||2||Better engineering than normal blood lancet, but not 10x better imo|
|2. Timing?||1||No reason to believe now is right time for this business|
|3. Monopoly?||1||Super low revenue|
|4. People?||3||Def right people for this business|
|5. Distribution?||1||D2C and through retailers|
|6. Durability?||2||I guess the data is proprietary? But not much else|
|7. Secret?||1||Pops design innovation is going to tap into a venture sized market of diabetics|
What has to go right for the startup to return money on investment:
1. Sell more devices; 2. Monetize more than just hardware; 3. Innovate more heavily instead of marginal improvements
What the Risks Are
1. Good products don't make for good businesses; 2. Market too small; 3. Improvement is marginal
Bonus Muhan's Notes
I've used Keto Mojo to measure my blood and ketones before; not sure how this device is that much better. Not to mention, where's the recurring revenue?
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