The Exchanges

Q Correct. Okay. Got it. So got it. Got it. Got it. Okay. Interesting. Um, let's talk a little bit more about the why behind this, right? So give me an example of why you're building it. Who's using it? What are they paying you for? What are they, or not paying you yet, but what are you using it for?

A So imagine a world that where, you know, one, one in three, something, some, some people say one in two, uh, people suffer chronic conditions in the United States. They're like, well, that's, that's crazy. Cause the word chronic condition is defined as Loosely, you know, hair loss, which I do, I have, if you will, that's considered a chronic condition. It's not life-changing, right? But when we're thinking of life-changing chronic condition, think lupus, Crohn's, uh, Parkinson's, Alzheimer's, those You, the modality, current modality is you, you see your doctor, you get diagnosed, you, you get on a treatment plan and you then check in with your doctor maybe every four to six months. Um, but there's a direct dependency on you and the physician, you and the infrastructure, you and the system, if you will, every four to six months. What we're trying to, what we've noticed is depending on the size of the disease, there's more or less attention on that particular condition. So Why depend entirely on the condition on the system? So what we want to do is create a system where you depend on yourself. So giving you all the tools where you start having agency on yourself and you have started taking a little bit of control over. So meeting tools like simple things, like for example, pill reminder, that's an easy one, right? But then you entering into things where you can do crowdsourcing.…

AI assessment note: “what we want to do is create a system where you depend on yourself.”

Q Isn't it very hard to convince people to tell everyone else what medications they're taking, which is critical for you to understand and tell a neighbor that someone across the state is using another medication, but you, you tell them, obviously you try and keep it anonymous, but isn't it hard to get people to opt into that?

A So yes, a hundred percent. So there's a few things we're doing. A, entirely anonymous, entirely encrypted, double encrypted. You don't need to even put a name to it. You don't need to put an email, like you don't even have to create. You can, you can have it be entirely fake, or you can put a wall, like you can put a different picture. We don't request any information from you. It's entirely anonymous and double encrypted. So that's kind of to help that part, but also there's multiple ways. So you're saying that One of them is the medication, which you just said, which we're just talking about, but again, uh, but there's other things like symptom tracker. So you put your symptoms, right? So let's say you have fibromyalgia or, um, and let's say you woke up with headaches or you're waking up with different bloated or, or, and you start tracking your symptoms. If we're comparing patients with Crohn's with these symptoms and across the States, the same thing, we can now compare variables. So it's a lot of crowdsourcing. With your own Intel being put in.

AI assessment note: “So yes, a hundred percent. So there's a few things we're doing.”

Q heart rate to my steps, my like everything, I'm not wearing it right now. Cause I find it annoying and I don't know. I still don't know if I want to give Apple all of my information. I can guarantee you Apple security is tighter than yours because our dev team is infinitely bigger. So I just think, I mean, how do you get people to sign up for this?

A So again, yes, you're, you're absolutely right. We're right now about 14,000 downloads and growing. We just opened up the app store June of 2021. Uh, so we're about a year and two months into it. Um, sorry. I'm a little bit off of my numbers there. Uh, a year and seven months into it, but we're just, we just raised, we just closed the round. So we're now officially up until that point has been entirely organic. The reason why is that we have multiple tools and each tool, like for example, I don't use all of I only use like one of the easiest ones, which I think most people can get behind of is our news tool. So let's say you have lupus and, um, Japan recently approved a drug for the treatment of lupus. That drug is not approved in the United States. That, that article, this is a patent pending, uh, patent pending algorithm is that article is being translated to English and it's getting pushed to you in real time. So you get to read it and you tell the doctor. About the heart. So you can like immediate newsfeed on all things Lucas from a validated source. And those are easy. Just like you're following CNN every morning, you follow your newsfeed on whatever condition you have, and it gets pushed to you. You read whatever you want. You don't read whatever you don't want. And then you can comment on it if you want. Um, so that's a generally easy topic to do. And that's where we've …

AI assessment note: “The reason why is that we have multiple tools and each tool”

Q And then the, the, the obvious question is you have so much revenue coming from the agency. Why go raise a 150 grand from angels? Why not just keep funding from the agency and keep the equity?

A Right. That, that is a good, you know, there's multiple reasons. Um, kind of one of the bigger ones, if you will, uh, when you, and I actually wrote about it too, we talked about your book recently, and I also wrote about this concept. There's different models of business, depending on what type of business, you know, brick and mortar, you have to solve it in certain different ways and technology, certain ways. And in this particular space, it's all about quick growth. It's all about, you know, being in the market immediately and being there quick. And for that, you need it. You need to infuse it with a lot of capital. Um, and you need to have top talent. You need to have top connection. It's a different model of business than the one we do for research, which is more structured. It's more. Slow moving, which, you know, that's more, it's more organic, if you will.

AI assessment note: “in this particular space, it's all about quick growth... You need to infuse it with a lot of capital”