Evidence-Based Personalized Health & Nutrition€¦ · Biomarker I/O Pitch Deck A Demand For...
Transcript of Evidence-Based Personalized Health & Nutrition€¦ · Biomarker I/O Pitch Deck A Demand For...
Evidence-Based Personalized Health & Nutrition
Biomarker I/O Pitch Deck
A Demand For Personalization
i. Demand for personalized nutrition is on the rise with an estimated CAGR of 6.5% and total value of $93 Billion in 2015expected to reach $127 Billion in 2020
ii. Existing methods for e-commerce supplement companies to personalize their offerings for customers are limited, unscientific or expensive
iii. With 46% of Americans now considered active digital health adopters, we are presented with an opportunity to offer an automated & data-driven solution for supplement companies to personalize their sales
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In 2014 while working in the supplement industry, our team was met with a growing customer demand that was difficult to meet
Source: ”50 things we now know about digital health consumers | Rock Health ...."Source: "Dietary Supplements in an Age of Personalized Nutrition; How the ...." 4 Feb. 2016
Biomarker I/O Pitch Deck
A Team Tailored For Personalized Nutrition
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Expertise In Nutraceutical Manufacturing, Healthcare Diagnostics & Constructing Cloud-based EHR Solutions
Partners & Investors
Garrett T. RuhlandCEO & FOUNDER
Dr. Nicholas LaucisCLINICAL RESEARCHER
James FallonSOFTWARE ENGINEER
Dr. Jim FallonMEDICAL ADVISOR
Joe MarchicaEXECUTIVE ADVISOR
Full-Time Thought-Leader Former Startup Founder Prior Exit or M&A
Dr. Molly MaloofMEDICAL ADVISOR
Dr. Adam RizviMEDICAL ADVISOR
Owais AhmadTECHNICAL ADVISOR
Pramod DabirTECHNICAL ADVISOR
Albert ChowEXECUTIVE ADVISOR
Scott KraftMARKETING & STRATEGY ADVISOR
Kostja MirkovicSALES & OPERATIONS
Part-Time
Biomarker I/O Pitch Deck 4
A turn-key personalized nutrition platform for online supplement companies
Meeting the Demand with Biomarker I/O
An evidence-based health & nutrition platform built for supplement companies
looking to give their customers a personalized shopping experience using
digital health
Biomarker I/O Pitch Deck 5
71% of AmericansTake supplements each year
$368 per CustomerU.S. Median Annual Spend on Supplements per Buyer
96% Confidence RatingU.S. Supplement Buyer Confidence In Safety, Quality & Efficacy of the Supplements They Buy
Source: "Online Vitamin & Supplement Sales Market Research | IBISWorld." Source: " ...." 22 Jun. 2016 Source: "New companies are competing to make the vitamin space…”- Digiday." 18 Apr. 2017Source: "Online Vitamin & Supplement Sales Market Research | IBISWorld." http://www.ibisworld.com/industry/online-vitamin-supplement-sales.html.
The Majority of Americans…
Who Buys Supplements?
Biomarker I/O Pitch Deck
A Highly Competitive Supplement Landscape
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E-Commerce is the fastest growing sales channel in the U.S. Supplement Industry
Source: "Online Vitamin & Supplement Sales Market Research | IBISWorld." Source: " ...." 22 Jun. 2016 Source: "New companies are competing to make the vitamin space…”- Digiday." 18 Apr. 2017Source: "Online Vitamin & Supplement Sales Market Research | IBISWorld." http://www.ibisworld.com/industry/online-vitamin-supplement-sales.html.
$133 Billion $41.4 BillionGlobal Supplement Market US Supplement Market
$7 Billion 12% GrowthUS E-Commerce Sales US E-Commerce Sales
17%
17%
19%
20%
21%
22%
23%
28%
30%
42%
Joint Health
Digestive/Gastrointestinal Health
Skin, Hair & Nails
Healthy Aging
Heart Health
Bone Health
Immune Health
To Fill in Nutrient Gaps in My Diet
Energy
Overall Health/Wellness Benefits
Top Reasons For Supplement Use Among Supplement Users, 2016 N=1430
Biomarker I/O Pitch Deck
The Right Timing for Personalized Nutrition
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Digital Health Adoption has sparked a convergence of data & nutrition
Source: "The 2016 HealthMine Digital Health Report." http://www.healthmine.com/sites/default/files/HealthMine Digital Health Tools Report May 2016.pdf
165,000 Health AppsDowloaded 1.7 billion times
46% Active Adopters3+ Digital Health tools
59% Use Apps DailyActive Digital Health Adopters
Personalized/Subscription Supplements
Lab Tests + Su
pp
lemen
ts/Foo
d
Supplement Information W
earables + Su
pp
lemen
ts
$15.5M – Series A
$15M
$2.82M $32M – Campbell’s
$52.6M – 3 Rounds
$6.6M
Biomarker I/O Pitch Deck
Supplement Industry Analysis
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3 Factors Exist to Drive Success in the Industry – Biomarker I/O Automates Them
Source: "Online Vitamin & Supplement Sales Market Research | IBISWorld." http://www.ibisworld.com/industry/online-vitamin-supplement-sales.html.
Technical Knowledge After-Sales Service Control of Stock
Definition 1. Engagement1. How well a company knows their product.
1. Retention1. How you keep your customer coming back to buy your
product
1. Product Control 1. Control of supply chain, ingredients, raw material etc.
Current Solutions
1. Product Claims1. Clinical studies, Third-party/peer-reviewed journals,
Testimonials/endorsements2. Order Personalization
1. Online Quizzes, Dietitians, Lab/genetic services
1. Promotions/Discounts2. E-books/educational content3. Email marketing
1. Outsource vs. Purchase2. Warehouse, shipping, raw material, formulation & manufacturing
facilities
Risks
1. Product Claims Risk1. Costly, Time-Consuming & Risk Claims Violation
2. Order Personalization1. Unscientific, low ROI, not automated or scalable
1. Promotions/Discounts1. Lower Margin
2. E-Books/Educations Content1. Time consuming, costly & early copied by competitors
3. Email Marketing
1. High churn, little innovation
Notable Examples
1. Elysium 1. (Clinical Study $17M Funding)
2. truBrain 1. (Controlled Study)
3. Prevagen 1. (Aggressive Claims)
1. Weil’s Vitamins 2. Bulletproof Coffee3. Nootrobox
1. Amazon 1. 10% Market Share
2. Swanson3. bodybuilding.com
With Biomarker I/O
Automated Product Reports ✓ Use demographic health insights to differentiate product via published
Biomarker reports
Personalized Orders✓ Users can create custom regimens, A/B test different SKUs and order
through the platform
Biometric Driven Marketing✓ Drive campaigns for product promotions towards customers that have
responded best to similar products
Targeted Engagement✓ Engage in notifications, targeted content and group studies based on user
health data
Ingredient Forecasting✓ Use customer health insights to forecast critical ingredients driving product
efficacy✓ Remove low margin, low efficacy ingredients✓ Create new SKU’s based on existing customer data
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Using Digital Phenotypes to Drive Personalization
Evidence-Based Nutrition
1000+
Parameters
Standardize
Data
Digital Phenotype (Baseline)
Use
r H
ealt
h
Heart Rate Calories
Sleep Mood
Digital Phenotype (Product A)
Use
r H
ealt
h
Digital Phenotype (Product B)
Use
r H
ealt
h
Activity Trackers
Nutrition Apps
Glucometers
Heart Rate Monitors
Gym Equipment
Blood Pressure Monitors
Sleep Trackers
Pulse Oximeters
400+ Integrations
Scales
Rx Compliance Apps
Spirometers
Thermometers
EMR’s
Labs
Microbiome
Custom Integrations
Biomarker I/O Pitch Deck 10
Customize Your Biomarker I/O Account For Your Business Needs
A Suite of Features to Increase User Engagement & Retention
1-Click Digital Health ConnectorConnect any cloud based application, device or database in seconds
Daily Journal Create custom journals with targeted push notifications to capture user behavior
Customized RegimensGive users the power to create personalized regimens with your product line.
Intake FormPersonalized intake forms designed to capture user preferences, goals and medical history.
Personalized StudiesIncrease customer engagement through evidence-based at home studies with your products.
E-Commerce MarketplaceConnect your Shopify or Amazon Store or sell directly through the Biomarker I/O platform
Custom KnowledgebaseConnect third party or custom databases containing dietary, medical and product information
Biomarker I/O Pitch Deck
• Contract Type
✓ 12-Month SaaS Agreement
✓ Avg. Setup fee ~ $7.3K
• Recurring Fees
✓ $2 / user / month
✓ $125 / admin / month
• Adoption Strategy
✓ Category Creation
✓ New clients acquired via word-of-mouth, pilots & partnerships
• Target Client
✓ Online e-commerce supplement companies with need for personalization
✓ Emphasis on sports nutrition, subscription e-commerce & cognitive health
11Source: "Online Vitamin & Supplement Sales Market Research | IBISWorld." http://www.ibisworld.com/industry/online-vitamin-supplement-sales.html. Source: Nutrition Business Journal, 2016
TAM$133B
SAM$41.4
SOM$7B 1,945 170M $368
# of Companies # of US Buyers Median Spend
Global Supplement Market US Supplement Market US Online Supplement Market US Online Supplement Companies
US Supplement Buyers US Supplement Buyer Annual Spend
Market
3 Live 9 Pipeline 1 Pilot 27,000 250Clients Supplement Companies Enterprise End-Users Admin Users
Beta Testing with Biomarker I/O (NDA)
Currently customizing Top 3 Global Supplement Manufacturer
Q4 Projected End-Users Q4 Projected Admin-Users
Customers
$101K $80K $6K 90% 45 daysInitial Sales ACV CAC Margin To Close New Client
Beta & Pilot Setup Fee’s Estimated annual contract value Estimated Customer Acquisition Cost
Software Margin Avg. Days to Close Client
Sales
Early Traction & SalesBusiness Model, Current Sales & Growth Strategy
Biomarker I/O Pitch Deck
Capital & Milestones
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We’re raising a $1.5M seed
Capital $275k ($4.5M cap) Angel Round — Closed $1.5 million ($7M cap) Seed — Open
Focus Product/Market Fit: product refinement, lead gen Growth: build sales team, product refinement
Primary Objective (complete)✓ 403 digital health API’s✓ Surveyed over 1,500 supplement consumers✓ 6 Clients✓ $60k sales
Unplanned Progress (Complete)✓ 1 Enterprise Pilot✓ Reduced procurement timeline from 3-4
months to 4-5 weeks
Past Angel Round (closed) Present – 18 months
Objectives (Sales)➡ > 500K connected users➡ 50 Clients ➡ 4 hires
Objectives (Product)➡ HIPAA compliance across all tiers ➡ Predictive Product Matching➡ Release iOS/Android ➡ Release EMR/EHR 1-click integration tool➡ 6 hires
Biomarker I/O Pitch Deck 13
Biomarker I/O is an evidence-based health & nutrition platform built for supplement companies looking to give their customers a personalized shopping experience using digital health
Take Away
Customers Investors Pilot Partners HiresE-Commerce Supplement
Subscription Focus$1.5M Seed
Angels, Strategic, Early VCEnterpriseStrategic
Data ScientistB2B SaaS Salesman
Asks
Demand
✓ Supplement buyers demand personalized nutrition
Problem
✓ E-Commerce supplement companies have few ways to meet the demand
Trigger
✓ Digital Health adoption offers a way to non-invasively personalize supplement sales
Solution
✓ A turnkey Digital Health Platform for supplement companies to meet the demand
Contact: Garrett Ruhland, CEO
Email: [email protected]
Phone: 714.345.8126
Office: 180 Sansome St. San Francisco CA, 94104
Website: www.biomarker.io
Beta: www.app.biomarker.io
Angellist: https://angel.co/biomarker
Contact Information