May Newsletter
We have finally launched our website at 007venturepartners.com :)
Impact
Healthcare: AI is reshaping preventive care in strides and there are advancements in drug development that have not been possible without this technology. What used to take years now takes weeks to do! Examples such as accelerating cancer screenings like mammograms and lung cancer screenings, ensuring swift diagnosis. Additionally, AI plays a pivotal role in cardiology by identifying individuals at risk of left ventricular dysfunction and predicting future heart attack or stroke risks based on coronary artery calcium levels. Empowering patients, AI facilitates self-management of chronic illnesses and aids in disease prevention through the rapid dissemination of information and early outbreak prediction via social media analysis. Furthermore, AI enhances patient care by improving diagnostic accuracy in conditions like malignant mesothelioma and colon polyps, while also providing efficient solutions for healthcare professionals through time-saving measures and augmented intelligence. Looking ahead, AI holds promise for patient matching in clinical trials, remote health monitoring, and early disease risk anticipation. (Source: Mayo Clinic | AI in healthcare: The future of patient care and health management)
Fintech: Cross-border fintech is very hot right now The cross-border payments market is forecasted to reach over $250 trillion by 2027, according to the Bank of England. The cross-border payment landscape is undergoing rapid evolution, with regional infrastructures proliferating and business customers enjoying increased payment rail options, prompting fintech firms to expand their market reach while banks engage in a mix of competition, collaboration, and acquisition. One of the biggest growth areas of cross border payments is in India and LATAM. FinTech are empowering many small-medium businesses who are now trading globally especially in the business-to-business sector where artificial intelligence, machine learning and blockchain come into play. (Source: The B2B Cross-Border Payments Market: What’s Hot In 2024?)
Market News
We will be focusing. on YC’s 38th Demo Day. Featuring founders from over 240 startups, building across a variety of verticals, including B2B/enterprise, fintech, healthcare, consumer, climate, and more.
Highlights: Cancer cures, cross border fintech,
Top companies I want to highlight:
Granza Bio (YC W24) is developing "attack particles" that selectively target and kill cancer cells, eliminating unwanted side effects and toxicity from cancer treatment. ~50% of cancer patients receive treatments that are (1) ineffective and (2) lead to unwanted and avoidable side effects.
Eris Biotech produces drugs that engage the immune system to fight tumors. The team was able to produce results that would take years in weeks through the use of AI.
Givefront serves as a banking platform for nonprofits. The team builds product at record speed, they have deep insights to the world of nonprofits from their experience working there.
X Pay is building a payment gateway orchestrator coupled with a managed gateway solution so businesses in India & SEA can go international easily. We abstract out the complexities of compliance, remittance and integration for these merchants by running all that machinery in the background. Clients include previous invested companies like Karbon Card, which highlights their strong traction.
Yenmo offers a better way to access cash for India’s 65 million investors who either resort to personal loans at over 18% interest or have to liquidate their investments when in need of money. With Yenmo, they can pledge their investments digitally and instantly get a loan at a fixed 10.5% interest rate.
HostAI is on a mission to streamline operations for the $120B vacation rental industry. Our all-in-one platform helps vacation rental operators consistently deliver 5-star guest experiences at scale. Traction is very strong with strong month on month revenue growth and global clients from Australia, Europe, Asia etc
Andy AI is an AI software that completes documentation for nurses doing home visits. Our software saves $8B a year; Tiantian was previously a PM at Google’s healthcare business and Max was a staff engineer on the health team at Apple.
Portfolio Updates
Parafin, a San Francisco, CA-based fintech infrastructure startup, raised $125M warehouse facility from Silicon Valley Bank and Trinity Capital (Nasdaq: TRIN).
The company intends to use the funds to provide capital to businesses on premier platforms such as DoorDash and Amazon.
Catena Biosciences, Saurabh Johri and Rick Kendall joins executive team as Chief Business Officer and Chief Scientific Officer respectively. See Businesswire.
Second, Catena has been selected to represent the Innovative Genomics Institute at JPM this year as part of Berkeley’s Biotech Showcase event.
Fractional
A big shoutout to Friska Wirya for delivering an exceptional session on Personal Branding Mastery for the Fractional executives group- facilitated by Jan Takács ! Here are some of my key takeaways and highlights from the session:
💡"The most followed profiles on LinkedIn are not companies, but people."
💡"Right now is the perfect time to start crafting your own personal story and brand. Many are going towards a journey of reinvention."
💡"It’s vital to think about the desired emotion you want people to feel when it comes to your personal branding."
💡"Consistency is very important in your personal brand, it relates to everything and plays a key role in long-term relationship building with your audience."
💡"The more you let your guard down openly in an authentic way online, the more opportunities you might see coming your way."
💡"Only 1% of people on LinkedIn actually produce content, be part of that 1%."
💡"Don’t focus on the number of likes, shares, or comments. Even something with a few clicks or comments can produce huge results with the right pair of eyes."
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