Deal Abstract

Invest in Seattle Gummy Company: Delivering functional healthcare with gummies instead of pills | Wefunder
Delivering functional healthcare with gummies instead of pills

Pharmaceutical company making delicious gummies to ease the taking of medicine.

Financials (VRB)

Question Notes
1. Fundraising Target? $1500000
2. Fundraised So Far? $750000
3. Pre-Money Valuation? $55000000
4. Previous Year's Annual Revenue $910000
5. Previous Year's Annual Net Income (+ Profitable, - Burning Cash) ~$-844244

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

Criteria Yes/No
1. A startup that is based in SV? False: Seattle, WA
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? False: Can't tell, but revenue was $900k for 2021
5. Notable investors? False: No one I recognize
6. Post-funding, will have 18 months of runway? True: Will have 18 months of runway

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

Question Score Notes
1. Engineering? 3 Good patents and technology
2. Timing? 1 Not sure why this is the right timing for a gummy pharmaceutical company
3. Monopoly? 2 Good starting revenue but nothing jaw dropping
4. People? 2 Team seems good
5. Distribution? 2 Has good distribution in China, surprisingly, but traction will be an uphill battle in the States
6. Durability? 3 IP advantages
7. Secret? 2 Now is the time where medicine will go disproportionately gummy form

What has to go right for the startup to return money on investment:

1. Generate more recurring revenue and show where the revenue streams are from; 2. Figure out what business this company is in, is it pharma, or licensing; 3. Demand for gummy based medicine has to surge

What the Risks Are

1. Nice to have not a must have; 2. Growth speed too slow; 3. Pharma is heavily regulated

Bonus Muhan's Notes

Cool company idea, though $56m is already a high valuation


This is where I’ll post updates about the company. This way all my notes from offering to post-offering updates will be on one page.

Review these deal memos every time the startup raises a new round

Test if original thesis still applies

So, did I invest?

Click here to find out.

Other thoughts, questions, comments, or concerns? Write me at and let me know.