Psyched to announce our investment in Resilient Lifescience, which is taking on the opioid epidemic by acquiring a wearable process to detect and routinely reverse overdoses. Tau Ventures is an AI-first fund in Silicon Valley investing generally in seed and we from time to time consider earlier or later on bets when we see huge assure. We are also investing in US / Canada but in remarkable scenarios will contemplate a offer outdoors. Resilient was founded in 2022 in Pittsburgh and amazed us with (1) a solid want, (2) constructing an execution-concentrated team, and (3) their business tactic.
1) The Have to have
The opioid disaster is definitely a tragedy that expenditures $1T per calendar year, touching all the 5Ps (payors, companies, clients, pharma, policymakers). Especially, tin this article are now in excess of 75,000 opioid overdose deaths for every 12 months in the US, and the bulk of them occur when no one is all over to administer support (CDC, rand.org). We are primarily common with this room given our investment decision in Marigold Wellness.
2) The Group
We thought the cofounder’s backgrounds speak for them selves: 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 achieved at Infinitus, an additional Tau portfolio organization, and their CEO invested individually and is the 1 who introed us.
3) Small business Technique
Components is challenging, as the bar for finding every thing correct is a lot better than in computer software, even extra so in health care. Producing and distribution expenses also make a incredibly unique charge composition than software program ventures. We see a pathway for them to acquire far more information and reinforce the analytics / AI piece of the products. We enjoy the CEO’s prepare to do client discovery and subvert the normal archetype of professional medical devices becoming capital intensive. We also subscribe to their thesis that currently being in Pittsburgh will hold charges small and let them access to excellent expertise, specifically in engineering from Carnegie Mellon.
We are honored and excited to be element of Resilient’s journey, applying technological know-how to address a major challenge. Extra at https://www.resilient.bio.
Initially released on “Information Pushed Trader,” am delighted to syndicate on other platforms. I am the Running Partner and Cofounder of Tau Ventures with 20 several years in Silicon Valley throughout corporates, individual startup, and VC resources. These are purposely quick content focused on useful insights (I simply call it gldr — great size did study). Many of my writings are at https://www.linkedin.com/in/amgarg/depth/new-action/posts and I would be stoked if they get people today intrigued enough in a subject matter to take a look at in additional depth. If this report experienced beneficial insights for you remark absent and/or give a like on the article and on the Tau Ventures’ LinkedIn web site, with because of thanks for supporting our do the job. All thoughts expressed below are my personal.