Ofosio: Garmin reached out to FEBO Health for a partnership
Nick Ofosio · Why he raised $150k at $4m Pre Seed Round · Feb 28, 2022 · at 12:38
Nick Ofosio, founder of FEBO Health, explains FEBO's defensibility against big tech giants after Nathan Latka asks if Apple Watch could duplicate their product.
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“Garmin, for example, Garmin reached out to us for a partnership.”
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More from Nick Ofosio
Ofosio: Apple cannot effectively target niche chronic disease management
“Apple, for them to move the needle, they have to focus on a larger audience. And we are not focused on a larger, or like, you're not my customer. I mean, I don't know whether or not I'm assuming here, but we're, our customers are the chronic condition patients…”
Ofosio: FEBO Health claims a $1.70 CAC versus $2.80 national average
“We're spending about the national average is two 80. We're right now at like one 70 something.”
Ofosio: FEBO Health raised $160k SAFE round at $4M valuation
“It was a 160,000. Safe round one at four million dollar valuation. And the, that was, that will take us to roughly about end of June.”
Ofosio: FOMAT Medical Research generates seven to eight figures in revenue
“Yeah. So, you know, seven, eight figures. ... Somewhere around those figures. I mean, I don't want to enter into too much of those details if you may, if we may.”