SOSV

“We were the only venture company to have backed them, and then they became profitable very quickly after exiting our program. They were as profitable as NASDAQ was for a couple of years in there.”

“So after six or seven years, the company, Perfect Day it's called, is now selling their ice creams in supermarkets all across the country, and they're hitting tens or hundreds of millions in revenues now.”

“So that's the world's first hardware accelerator, a physical device accelerator built on the theme that if you're going to create new physical devices, they need to be cloud connected.”

“We're the world's most active investor in life sciences and hardware and also just generally we would rank as Perhaps the world's third most active seed investor. And I think we make a top 10 in the world's most active Series A investors as well.”

“So we are getting 8000 applications per year. That's a lot considering the specialties that we are in. And we select about a 130 of those companies a year for investment. And our typical investment package is at least a quarter of a million dollars and more of…”

“So hardware would need to be cloud connected, would need to have AI built into it, and would need to basically replace all existing physical devices over time. And so that was a megatrend. It would take 2030 years for that to fully play out.”

“We recently got two twenty-five million dollar sponsorships. One for the IndieBio New York program, multi-year sponsorship, and then a twenty-five million dollar for the Hacks USA, both from the states, one from the state of New Jersey, one from the state of N…”

“I'd say only 70% Of our companies actually make it past that first stage. That is the number that we've been getting out of the indie bio program, for example, which is still higher than a lot of the software programs, which are more in the 30% range.”