Fired up to announce our investment decision in Resilient Lifescience, which is taking on the opioid epidemic by acquiring a wearable program to detect and mechanically reverse overdoses. Tau Ventures is an AI-first fund in Silicon Valley investing generally in seed and we from time to time get earlier or afterwards bets when we see huge promise. We are also investing in US / Canada but in fantastic instances will take into consideration a offer outside. Resilient was established in 2022 in Pittsburgh and amazed us with (1) a solid want, (2) setting up an execution-focused workforce, and (3) their organization approach.
1) The Need
The opioid disaster is genuinely a tragedy that fees $1T for each year, touching all the 5Ps (payors, companies, people, pharma, policymakers). Especially, tright here are now above 75,000 opioid overdose fatalities per 12 months in the US, and the greater part of them occur when nobody is all-around to administer assist (CDC, rand.org). We are especially familiar with this place given our expense in Marigold Health.
2) The Crew
We considered the cofounder’s backgrounds talk for them selves: https://www.linkedin.com/in/bradfordholden and https://www.linkedin.com/in/charlierproctor. CEO Brad was a Marine for 4 decades like becoming a Platoon Commander in Afghanistan. CTO Charlie was an engineer at Google. They fulfilled at Infinitus, yet another Tau portfolio corporation, and their CEO invested personally and is the one particular who introed us.
3) Company Method
Hardware is challenging, as the bar for having all the things ideal is significantly higher than in software, even more so in health care. Producing and distribution costs also produce a incredibly unique price structure than computer software ventures. We see a pathway for them to collect much more facts and improve the analytics / AI piece of the product or service. We respect the CEO’s program to do purchaser discovery and subvert the standard archetype of health-related devices staying money intense. We also subscribe to their thesis that staying in Pittsburgh will retain prices small and let them obtain to good talent, primarily in engineering from Carnegie Mellon.
We are honored and enthusiastic to be portion of Resilient’s journey, making use of technology to fix a massive dilemma. A lot more at https://www.resilient.bio.
Originally posted on “Info Driven Investor,” am satisfied to syndicate on other platforms. I am the Taking care of Spouse and Cofounder of Tau Ventures with 20 decades in Silicon Valley throughout corporates, very own startup, and VC funds. These are purposely quick posts concentrated on simple insights (I connect with it gldr — superior size did browse). Many of my writings are at https://www.linkedin.com/in/amgarg/depth/latest-exercise/posts and I would be stoked if they get folks fascinated adequate in a topic to discover in additional depth. If this article experienced helpful insights for you remark absent and/or give a like on the report and on the Tau Ventures’ LinkedIn website page, with because of thanks for supporting our function. All thoughts expressed in this article are my possess.