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Invest in a 23&Me For Actual Doctors

Scott Kitun - A Weekly Startup Pitch Review

Company Bio

Predictiv is a DNA-based digital twin that assesses risks for over 16,000 diseases.

That sentence says a helluva lot in just a few words. Predicitv has the ability to also sequence more than 20,000 genes and simulate hundreds of drugs reactions in real-time. Basically, it does what 23&Me does from a genetic analysis standpoint but is done with medical intention rather than telling the Feds who your Great, Great, Grand Uncle was — to put it in another way — it tells doctors exactly what genetic diseases a patient might be predisposed to, eliminating tons of guess-work.


Meet the Founder

Watch my full interview with Predictiv’s Co-founder Alex Rochegude, here.

Alex is a serial entrepreneur and is COO. Fellow co-founders include twin brothers Sijung & Sajung Yun who beyond teaching genomics and bioinformatics at Johns Hopkins have spent the bulk of their careers focused on genetic engineering.

These dudes were too smart for my limited brain (they said it’s likely genetic, lol). 

But, I do know that if you plan to enter the white hot market of Telehealth and genetic engineering you damn well need geniuses, and Predictiv has that. As far as entrepreneurial experience the entire leadership team has big league reps but nothing to sway me one way or another.


Traction

  • The ability to simulate personalized reaction to 300+ drugs

  • A unique advanced genomics pipeline (>95% automated)

  • An A.I. engine validated at the FDA COVID-19 challenge

  • Two patents filed

  • Projected revenue of $70M by 2024

  • 18 months to break even, and will have a 75% operating margin

As with most early MedTech companies revenue and growth are not necessarily tethered. There’s a lot of hoops to jump through from patent protections to FDA approval and peer reviews. Once that all clears the work only just begins… I think that’s the attraction for investors — massive returns or bust. The nice part about a company like Predictiv is you’re always a breakthrough away from a nine-figure contract or acquisition.


Terms & Takeaway

Invest in Predictiv here 👉 https://republic.co/predictiv

Security Type: SAFE
Valuation Cap: $5,500,000
Raised (as of publishing): $290,996
Minimum Investment: $100

Here's what I like: I’ll be honest genetic testing fascinates the shit out of me. I am a very strong believer that the key to solving the dumpster 🔥 that is healthcare is that there’s no viable solution for politicians and mobsters to fight over. In a world where a network of thousands of Walgreens and CVS clinics serve day-to-day, telamed handles the stupid questions and analysis/maintenance requirements and everyone is a test away from a complete genetic profile that tells you precisely what to track on your Apple Watch — we can actually fix overspend, abuse and help people help themselves. 

In that world, Predictiv can play a pretty big role (especially when you factor in the drug simulation components).

Here's what I don't love: With exception to patents, what is stopping 23&Me from just going a little further down the DNA path?? They currently test for only the most common diseases…


For now, people want to know if they have predispositions to cancer, Alzheimers and apparently Lupus. They’ve got some pretty significant backers and I’d imagine the moment the healthcare/telemedicine profiteers comes calling; they’ll answer the bell.

That said, maybe there’s just too much money to be made doing PBS shows!

Who should invest and why: If you love science or have invested in MedTech in the past, this is a great opportunity — it’s only a $5.5m value cap so honestly what’s there to lose?? Also, I feel like equity crowdfunding is still as much about ROI as supporting missions that are good for the people; and genetic testing is 100% vital to the future of managing healthcare costs for the bazillion humans wandering Earth. However, if you like investments that you can sprinkle some Facebook ads on, prolly not your jam.

As always, startup investing is super high-risk, anything can happen. So, don't invest money you can’t burn on a DNA test 🧬 💸

Invest in Predictiv here 👉 https://republic.co/predictiv

Questions? DM me on Twitter @kitun


Disclaimer: It goes without saying, but this information should not be constituted as financial advice, my investing opinions are my own and all diligence is the responsibility of each individual investor.


Original article: https://www.kitun.com/p/invest-in-a-23-and-me-for-actual