Enthusiastic to announce our expenditure in Resilient Lifescience, which is getting on the opioid epidemic by acquiring a wearable technique to detect and quickly reverse overdoses. Tau Ventures is an AI-initially fund in Silicon Valley investing mainly in seed and we often consider previously or later on bets when we see immense promise. We are also investing in US / Canada but in extraordinary instances will take into account a offer outdoors. Resilient was started in 2022 in Pittsburgh and impressed us with (1) a strong have to have, (2) creating an execution-concentrated team, and (3) their company strategy.
1) The Need to have
The opioid disaster is genuinely a tragedy that expenses $1T for every calendar year, touching all the 5Ps (payors, vendors, sufferers, pharma, policymakers). Specially, there are now about 75,000 opioid overdose fatalities for each 12 months in the US, and the the vast majority of them occur when nobody is about to administer aid (CDC, rand.org). We are primarily acquainted with this place offered our financial investment in Marigold Wellness.
2) The Group
We believed the cofounder’s backgrounds converse for by themselves: https://www.linkedin.com/in/bradfordholden and https://www.linkedin.com/in/charlierproctor. CEO Brad was a Maritime for 4 decades such as currently being a Platoon Commander in Afghanistan. CTO Charlie was an engineer at Google. They met at Infinitus, an additional Tau portfolio organization, and their CEO invested personally and is the 1 who introed us.
3) Business Strategy
Hardware is difficult, as the bar for having anything ideal is much greater than in software program, even far more so in healthcare. Manufacturing and distribution fees also build a incredibly diverse value framework than application ventures. We see a pathway for them to assemble more data and fortify the analytics / AI piece of the product. We recognize the CEO’s plan to do shopper discovery and subvert the common archetype of health care devices becoming capital intense. We also subscribe to their thesis that being in Pittsburgh will hold prices small and allow for them access to fantastic talent, specially in engineering from Carnegie Mellon.
We are honored and thrilled to be element of Resilient’s journey, employing technology to clear up a massive issue. More at https://www.resilient.bio.
Initially published on “Data Pushed Investor,” am satisfied to syndicate on other platforms. I am the Handling Lover and Cofounder of Tau Ventures with 20 yrs in Silicon Valley throughout corporates, individual startup, and VC cash. These are purposely limited articles concentrated on useful insights (I call it gldr — superior size did study). A lot of of my writings are at https://www.linkedin.com/in/amgarg/depth/the latest-action/posts and I would be stoked if they get people intrigued plenty of in a subject to explore in even further depth. If this write-up had handy insights for you remark absent and/or give a like on the report and on the Tau Ventures’ LinkedIn page, with due thanks for supporting our function. All thoughts expressed in this article are my very own.
