Insight
Galoi: US is poor agtech market due to USDA subsidies
“One of the things we've realized over the past two years is the United States is not a fertile market for agriculture tech. And that's primarily because the USDA gives so many subsidies that it's still cheaper for a farmer to cull their animals because they're…”
Opinion
Amado Galoi: USDA subsidies make US agriculture a bad market for agtech
“One of the things we've realized over the past two years is the United States is not a fertile market for agriculture tech. And that's primarily because the USDA gives so many subsidies that it's still cheaper for a farmer to cull their animals because they're…”
Assertion Not checkable as stated
Galoi: US livestock herds face at least one epidemic every year
“We, the United States is one of the most advanced agricultural economies in the world. We still have at least one endemic or epidemic in, in the herd every year, and that grossly affects things to the GDP.”
Assertion Not checkable as stated
Amado Galoi says US livestock suffers annual epidemics impacting national GDP
“The United States is one of the most advanced agricultural economies in the world. We still have at least one endemic or epidemic in, in the herd every year, and that grossly affects things to the GDP.”
Assertion Not checkable as stated
Livestock farms hire veterinary students to manually digitize paper health records
“So with respect to the data entry, that is part of their behavior. One of the things that a lot of these vertically integrated farms and even vets What the students who go to small farms do is they'll literally hire DVM students, veterinary students, to turn t…”
Disclosure
Rex Animal Health contracts claim full ownership of derivative producer data
“The reason we do that, though, is because when we take in the raw data, our contract turns that raw data, any derivative product of that data is ours, and we can do whatever we want with it.”
Assertion Not checkable as stated
Amado Galoi says Jillian Manus dropped out of the Rex deal
“What was surprising was just a few weeks ago, you know, near the start of the year after, as I was kind of working on closing things with Charles and Phil. I'm like, Hey Jillian, you know, happy new year, blah, blah, blah. Like, you know, are you still interes…”
Assertion Open · timeframe Mar 2028
Galoi: Rex identified disease-resistance genes in deer and cows
“We do our own primary fundamental research in our labs so that we can find genes that correlate with disease resistance. And I'm proud to say we've actually found some genes after completing a few genomes in the white-tailed deer and looking at the cow, and so…”
Assertion Not checkable as stated
Galoi: Rex generates $85,000 to $95,000 in monthly revenue
“Our average revenue per month is about 85 K to 95 K.”
Assertion Not publicly verifiable
Galoi: Charles Hudson Invested $250K in Rex Animal Health
“Yeah, he ended up doing two 50.”
Assertion Not checkable as stated
Galoi: Rex currently has about six potential acquisition suitors
“About half a dozen right now.”
Assertion Open · timeframe Mar 2028
Rex Animal Health identifies disease-resistance genes in deer and cows
“We've actually found some genes after completing a few genomes in the white-tailed deer and looking at the cow, and so we're in the midst of publishing that in a peer-reviewed scientific journal.”
Assertion Not checkable as stated
Amado Galoi claims Rex Animal Health has generated $3M since inception
“So in terms of revenue generated to date about three million from when we started for this year.”
Assertion Not checkable as stated
Rex Animal Health generates $85K to $95K in average monthly revenue
“We, we've had some stumbles in 2017 and late 20 16, so our average revenue per month is about 85 K to 95 K.”
Disclosure
Rex Animal Health focuses seed fundraising on APAC expansion
“We're taking this raise to really focus on the APAC region, particularly Australia, New Zealand, and China.”
Assertion Partly supported
Amado Galoi claims New Zealand produces 35% of global dairy supply
“They produce 35% of dairy in the world, and they sell it a lot to China.”
Assertion Not checkable as stated
Amado Galoi: Daniel Gulati passed because Comcast Ventures is consumer-focused
“Daniel, Daniel just said, you know, I don't understand the market and it made sense for me. Cause it was like, Hey, Comcast Ventures is mostly a consumer focused fund.”
Disclosure
Rex Animal Health ingests farmer data to monitor livestock health trends
“Basically you have a vet tech or a farmer walk through their barn and there's hundreds if not thousands of animals. They're checking each and every stall and scoring every single animal On a respiratory score, and what's called a scour score, which is basicall…”
Disclosure
Rex Animal Health charges farmers only upfront server costs for their data
“So for a livestock producer that only wants to look at their data, they don't care about understanding anyone else's. We actually only charge them upfront costs on the server.”
Disclosure
Phil Nadel and Charles Hudson actively assist Rex's subsequent fundraising efforts
“Phil has been introducing us to other investors, like, ag investors that he knows, and Charles has taken a look at my deck and, you know, we're about to sit together and be like, here's everything wrong with your deck and how you should frame it for investors,…”
