Why We Invested in Resilient Lifescience — Preventing Opiod Overdose
Enthusiastic to announce our expense in Resilient Lifescience, which is taking on the opioid epidemic by developing a wearable system to detect and immediately reverse overdoses. Tau Ventures is an AI-initially fund in Silicon Valley investing mostly in seed and we often choose earlier or afterwards bets when we see huge assure. We are also investing in US / Canada but in exceptional instances will take into account a offer outdoors. Resilient was launched in 2022 in Pittsburgh and impressed us with (1) a strong want, (2) making an execution-centered group, and (3) their company strategy.
1) The Will need
The opioid crisis is truly a tragedy that fees $1T for each calendar year, touching all the 5Ps (payors, companies, people, pharma, policymakers). Precisely, tin this article are now over 75,000 opioid overdose fatalities per calendar year in the US, and the vast majority of them take place when nobody is all around to administer help (CDC, rand.org). We are in particular common with this area provided our financial investment in Marigold Health and fitness.
2) The Workforce
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 Maritime for 4 decades including staying a Platoon Commander in Afghanistan. CTO Charlie was an engineer at Google. They achieved at Infinitus, one more Tau portfolio corporation, and their CEO invested personally and is the just one who introed us.
3) Organization System
Components is hard, as the bar for obtaining anything right is considerably greater than in application, even much more so in healthcare. Manufacturing and distribution charges also generate a extremely distinct price structure than computer software ventures. We see a pathway for them to obtain far more data and bolster the analytics / AI piece of the product or service. We recognize the CEO’s plan to do client discovery and subvert the general archetype of professional medical gadgets becoming capital intense. We also subscribe to their thesis that remaining in Pittsburgh will preserve charges minimal and allow for them accessibility to wonderful talent, primarily in engineering from Carnegie Mellon.
We are honored and excited to be part of Resilient’s journey, utilizing technologies to remedy a massive difficulty. Far more at https://www.resilient.bio.
At first revealed on “Knowledge Pushed Trader,” am content to syndicate on other platforms. I am the Taking care of Husband or wife and Cofounder of Tau Ventures with 20 years in Silicon Valley throughout corporates, individual startup, and VC money. These are purposely limited content articles targeted on useful insights (I simply call it gldr — fantastic size did browse). Lots of of my writings are at https://www.linkedin.com/in/amgarg/detail/the latest-action/posts and I would be stoked if they get individuals intrigued sufficient in a subject matter to investigate in more depth. If this posting had helpful insights for you remark away and/or give a like on the write-up and on the Tau Ventures’ LinkedIn website page, with because of thanks for supporting our work. All opinions expressed in this article are my individual.
