Energized to announce our financial investment in Resilient Lifescience, which is using on the opioid epidemic by building a wearable technique to detect and automatically reverse overdoses. Tau Ventures is an AI-first fund in Silicon Valley investing principally in seed and we occasionally acquire before or later on bets when we see immense promise. We are also investing in US / Canada but in excellent situations will contemplate a offer outside. Resilient was started in 2022 in Pittsburgh and amazed us with (1) a strong need to have, (2) developing an execution-centered workforce, and (3) their enterprise system.
1) The Require
The opioid disaster is actually a tragedy that prices $1T for each year, touching all the 5Ps (payors, suppliers, patients, pharma, policymakers). Especially, tbelow are now more than 75,000 opioid overdose deaths for every calendar year in the US, and the majority of them happen when no person is all around to administer aid (CDC, rand.org). We are especially common with this space provided our investment in Marigold Well being.
2) The Crew
We believed the cofounder’s backgrounds communicate for on their own: https://www.linkedin.com/in/bradfordholden and https://www.linkedin.com/in/charlierproctor. CEO Brad was a Maritime for 4 a long time together with getting a Platoon Commander in Afghanistan. CTO Charlie was an engineer at Google. They fulfilled at Infinitus, another Tau portfolio business, and their CEO invested individually and is the 1 who introed us.
3) Business enterprise System
Components is really hard, as the bar for acquiring all the things proper is substantially increased than in program, even far more so in healthcare. Producing and distribution expenditures also build a really distinctive price tag composition than software package ventures. We see a pathway for them to gather extra facts and reinforce the analytics / AI piece of the merchandise. We appreciate the CEO’s approach to do client discovery and subvert the normal archetype of professional medical equipment being capital intense. We also subscribe to their thesis that remaining in Pittsburgh will keep charges very low and allow for them accessibility to fantastic talent, specially in engineering from Carnegie Mellon.
We are honored and thrilled to be component of Resilient’s journey, making use of technologies to fix a significant dilemma. A lot more at https://www.resilient.bio.
Originally posted on “Info Driven Trader,” am happy to syndicate on other platforms. I am the Handling Lover and Cofounder of Tau Ventures with 20 several years in Silicon Valley across corporates, have startup, and VC resources. These are purposely quick content articles centered on simple insights (I connect with it gldr — excellent duration did read through). Quite a few of my writings are at https://www.linkedin.com/in/amgarg/depth/modern-exercise/posts and I would be stoked if they get people today intrigued ample in a topic to discover in even more depth. If this post had helpful insights for you remark absent and/or give a like on the report and on the Tau Ventures’ LinkedIn site, with thanks thanks for supporting our work. All viewpoints expressed in this article are my own.