About this Event
Problem: Ear infections are the top pediatric illness, yet little has changed in diagnosis for years
- $5B market. This #1 pediatric prescription, 30% of all pediatric office visits and 7.8% seek treatment
- Inaccurate Diagnosis - "flipping a coin"
- Pediatrician shortage of 27,000 clinicians by 2030
Solution: Managing your child's ear infection as easy as taking their temperature
- Al image analysis delivers likelihood with over 90% accuracy
- Using the EarSmart Al app, parents can quickly manage their child's ear infection.
- EarSmart Al solution in 4 easy steps:
1. Input symptoms into the EarSmart app
2. Capture the Eardrum video with the otoscope
3. Al analysis delivers a likelihood result
4. Take action with the results
Market Opportunity: USA Only
- Total Addressable Market (TAM) $42.5B / Serviceable Obtainable Market (SOM) $5B
Business Model: App and Devices
- Distribution - Extensive ecommerce followed by retail distribution
- Revenue Sources - Otoscope margins, Software subscription, Telemedicine royalty
Team:
- Mark Terrill - CEO, serial entrepreneur, 7 - time startup company CEO, 2 exits and IPO
- Dr. Alejandro Hoberman - Cofounder and Board Member, Executive Vice Chair,
Pediatrics at U of Pittsburgh, World renowned leading in AOM and UTI
- Dr. Eric Beier - Board Member, Chief Medical Officer at Boomerang Ventures, 35 yrs leading startup companies and medical practices
- Lisa Huse - Board Member, 30 yrs of global commercialization and marketing, EIR - E Executive-in-Residence Boomerang Ventures
- Dr. Nader Shaikh - Co-founder, Professor of Pediatrics at U of Pittsburgh
Ask:
- Capital raise of $750K in pre-seed round
- $2M Cap / 20% discount / 6% Convertible note (36-month term)
- $25k minimum investment
Contact: Durgadevi.pisharam@ucsf.edu