Thrilled to announce our financial commitment in Resilient Lifescience, which is having on the opioid epidemic by producing a wearable technique to detect and quickly reverse overdoses. Tau Ventures is an AI-initial fund in Silicon Valley investing generally in seed and we occasionally choose previously or later on bets when we see huge assure. We are also investing in US / Canada but in outstanding conditions will contemplate a deal outside. Resilient was established in 2022 in Pittsburgh and amazed us with (1) a robust need to have, (2) setting up an execution-concentrated group, and (3) their small business tactic.
1) The Need
The opioid disaster is truly a tragedy that fees $1T for every year, touching all the 5Ps (payors, providers, people, pharma, policymakers). Precisely, tin this article are now over 75,000 opioid overdose fatalities per year in the US, and the the vast majority of them occur when nobody is all around to administer support (CDC, rand.org). We are particularly acquainted with this house specified our financial commitment in Marigold Health.
2) The Staff
We imagined the cofounder’s backgrounds talk for on their own: https://www.linkedin.com/in/bradfordholden and https://www.linkedin.com/in/charlierproctor. CEO Brad was a Marine for 4 years like staying a Platoon Commander in Afghanistan. CTO Charlie was an engineer at Google. They met at Infinitus, another Tau portfolio enterprise, and their CEO invested individually and is the a person who introed us.
3) Business enterprise System
Components is tough, as the bar for finding every little thing proper is a lot increased than in software program, even extra so in health care. Producing and distribution charges also generate a really unique value framework than software program ventures. We see a pathway for them to collect far more info and strengthen the analytics / AI piece of the products. We appreciate the CEO’s system to do client discovery and subvert the common archetype of clinical units remaining capital intense. We also subscribe to their thesis that remaining in Pittsburgh will preserve expenditures small and allow them entry to wonderful expertise, particularly in engineering from Carnegie Mellon.
We are honored and fired up to be portion of Resilient’s journey, using technological know-how to remedy a large challenge. Additional at https://www.resilient.bio.
At first published on “Details Driven Trader,” am happy to syndicate on other platforms. I am the Running Husband or wife and Cofounder of Tau Ventures with 20 years in Silicon Valley across corporates, personal startup, and VC funds. These are purposely short articles or blog posts focused on useful insights (I connect with it gldr — great duration did read through). Quite a few of my writings are at https://www.linkedin.com/in/amgarg/detail/recent-exercise/posts and I would be stoked if they get individuals intrigued ample in a subject to check out in further more depth. If this post had handy insights for you comment absent and/or give a like on the report and on the Tau Ventures’ LinkedIn page, with owing thanks for supporting our work. All viewpoints expressed here are my own.