Fired up to announce our financial commitment in Resilient Lifescience, which is having on the opioid epidemic by producing a wearable system to detect and routinely reverse overdoses. Tau Ventures is an AI-1st fund in Silicon Valley investing largely in seed and we occasionally get previously or later on bets when we see immense promise. We are also investing in US / Canada but in extraordinary conditions will take into consideration a offer exterior. Resilient was started in 2022 in Pittsburgh and amazed us with (1) a sturdy require, (2) developing an execution-focused team, and (3) their small business system.
1) The Need
The opioid disaster is certainly a tragedy that prices $1T for each 12 months, touching all the 5Ps (payors, vendors, people, pharma, policymakers). Specially, tbelow are now in excess of 75,000 opioid overdose fatalities for every 12 months in the US, and the the vast majority of them happen when no one is around to administer assist (CDC, rand.org). We are particularly acquainted with this room provided our expense in Marigold Health.
2) The Staff
We considered the cofounder’s backgrounds communicate for themselves: https://www.linkedin.com/in/bradfordholden and https://www.linkedin.com/in/charlierproctor. CEO Brad was a Maritime for 4 years together with being a Platoon Commander in Afghanistan. CTO Charlie was an engineer at Google. They fulfilled at Infinitus, another Tau portfolio organization, and their CEO invested individually and is the a person who introed us.
3) Enterprise Tactic
Components is really hard, as the bar for acquiring all the things correct is much better than in computer software, even extra so in health care. Producing and distribution fees also build a really various price structure than software ventures. We see a pathway for them to obtain a lot more knowledge and strengthen the analytics / AI piece of the products. We value the CEO’s approach to do buyer discovery and subvert the general archetype of healthcare units being money intense. We also subscribe to their thesis that currently being in Pittsburgh will continue to keep expenditures lower and allow them access to great expertise, in particular in engineering from Carnegie Mellon.
We are honored and thrilled to be component of Resilient’s journey, making use of technology to remedy a huge dilemma. Far more at https://www.resilient.bio.
Originally revealed on “Info Driven Investor,” am satisfied to syndicate on other platforms. I am the Managing Associate and Cofounder of Tau Ventures with 20 several years in Silicon Valley throughout corporates, very own startup, and VC resources. These are purposely quick articles targeted on realistic insights (I connect with it gldr — excellent length did read through). Several of my writings are at https://www.linkedin.com/in/amgarg/element/current-activity/posts and I would be stoked if they get people today fascinated more than enough in a subject matter to discover in even further depth. If this posting had useful insights for you comment away and/or give a like on the article and on the Tau Ventures’ LinkedIn site, with due thanks for supporting our function. All opinions expressed right here are my very own.