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- Doriot Deal Alert
Hey Doriot Community Members, we wanted to get this across your desk as the round will likely sell out in the next few days.
Company: | Pirouette Medical |
|---|---|
Listed on: | Wefunder - View Listing |
Raising: | $4.2MM - Reg D $1.00MM - RegC |
Facility: | SAFE (Simple Agreement for Future Equity) $55MM Valuation Cap |
Product: | A "push-button" auto-injector for epinephrine and naloxone. |
Problem: | Existing injectors create stress and anxiety in patients. |
Revenue: | Pre-Revenue |
Intellectual Property | 23 Patents |
Signals | Y-Combinator (‘21), Kingscrowd Ventures, Safar Partners, Liquid 2 Ventures, and Gaingels |
Cash & Runway | $1M + $5MM (Current Raise), $300,000 Monthly Burn, 20 months of Runway |
Risks | Regulatory delays by FDA, product/market success |
Market
Our research indicates that the market for the initial channels (epinephrine and naloxone) is nearing $1 billion but is expected to grow rapidly. While the company suggests a total addressable market (TAM) of $600 billion, this figure encompasses the broader market for all injectable drugs. If the product successfully expands into other areas of injectable drugs, it presents a significant and promising opportunity for growth.
Team
Consists of creative engineering experts from MIT, Harvard Medical School, Harvard Business School, Clarkson University, NASA, and General Electric. With over a decade of experience in regulated industries like aerospace and medical devices, the team bridges cutting-edge technology and patient-centered healthcare solutions.
Potential Return Scenarios ($100 Investment)
Note: These are “back of the napkin” assumptions and should not be relied upon when making a decision whether or not to invest. Do not invest if you cannot absorb a 100% loss.
Equity % Purchased | .0001818% |
|---|---|
Estimated Future Dilution | 25% |
Revised Equity (at Exit) | .000136% |
Cash returned ($1B Exit) | $1,364 (5% Probability) |
Cash returned ($5B Exit) | $6,818 (3% Probability) |
Cash returned ($10B Exit) | $13,636 (1% Probability) |
Probability of at least a 1x return | 30% |
Probability of Failure | > 50% |
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