Delee on Startengine – initial assessment, would like to know your thoughts
Hi, so I have been following these guys since their first raise on Republic last year (2020). I couldn’t decide if I wanted in on time but they opened a round on Startengine recently https://www.startengine.com/delee
So second chance yay
Can you guys share what are your key things to consider before investing in a company? does this looks like a good investment in your opinion? and if you have recommendations on what to look for especially for med/health hardware? that’d be wonderful, thanks.
I made an initial assessment with Thiel’s 7 questions for product innovations and what i found about the company on the internet and their website https://www.delee.co/
They are a medical device company with one product not yet on the market called Cytocatch, used for early cancer detection.
Engineering – tech looks solid, they have a couple papers on nature using it and they report 90% + capture efficiency
Timing – CTC market is starting to pose as a real alternative to early detection of many cancers (according to market reports), but I’ve heard other investors say its too early to tell for companies in this field.
Monopoly – Cellsearch is another ctc company that has the only fda approved test, but their tech is reported as having low clinical utility (by Delee and other ctc companies)
People – They list 18 people + 3 founders, many engineers and scientists.
Distribution – My understanding is they’re first distributing the machine as research use only. I don’t know how long the sales cycle is gonna be here.
Durability – no idea honestly. We’ll have to see the first units roll out
Secret – This one is hard to answer. My best guess is that the key is in the reproducibility of the assay in the machine they built, but also on the clinical utility the test will have. I mean this will help differentiate healthy patients from those with isolated cancers, and also those with metastatic cancers. They key will lay in how well they can differentiate those patients.
Happy to read your thought on this. Stay safe!!