Market size and overview from health technology, wellness services, mental health applications, and telehealth solutions. Fundraising advice for first-time entrepreneurs. Call to action to VCs and Family Offices to consider investments in the next generation of impactful health devices. Wesley King @biohackingbanker CEO, Coherent Capital (www.coherentcap.com)

1. “HIGH ALPHA”
IS A STATE OF MIND
Wesley King | @BiohackingBanker
CEO, Coherent Capital

2. Becoming a TransTech Superfan
• 2016 Realization —> Personalized Health is Here to Stay
⚬ Diet, Supplements, Neurofeedback, Devices
⚬ Biohacker community builder in Los Angeles
Becoming a Biohacking Investment Banker
• 5 years of corporate innovation design (5 awards)
• 5 years of launching new products
• 4 years of licensed investment banking
⚬ Gathered 15,000 investors and 150,000 data points
⚬ Introduced hundreds of VCs to exciting Biohacking tech
Wesley King

3. • What is the baseline definition of “Biohacking”?
• How big is the global market?
• What opportunities are receiving investment?
• How can TT companies stand out to investors?
• What are the success stories in Transformative
Tech fundraising?
AGENDA - INQUIRY

4. + Intentional modulation of the
inputs to the human biology
(light, sound, nutrients, thoughts,
electro & magnetic energy, touch).
+ Measurement and insights to
determine optimal mix for you
what is the definition of
"biohacking"?

5. FEEDBACK LOOP
Future TT will be a confluence of measurement, processing, and healing.
Measure | Aggregate | Heal
Time: 5 minutes
• Bio-Energetic Field
• Happiness / Flow
• Biometrics
• Mitochondria
• Brainwaves
• Microbiome
• Epigenetic Expression
MEASURE

6. FEEDBACK LOOP
Future TT will be a confluence of measurement, processing, and healing.
Measure | Aggregate | Heal
Time: 5 minutes
• N = 1 Results
• Cross-Platform Data
• Health Dashboard
• AI/ML Insights
• Life API
• Community Building
• Population Trends
AGGREGATE
• Bio-Energetic Field
• Happiness / Flow
• Biometrics
• Mitochondria
• Brainwaves
• Microbiome
• Epigenetic Expression
MEASURE

7. FEEDBACK LOOP
Future TT will be a confluence of measurement, processing, and healing.
Measure | Aggregate | Heal
Time: 5 minutes
• Devices
• Algorithms
• Services
• Trauma Release
• Vagal Tone
• Content
HEAL
• N = 1 Results
• Cross-Platform Data
• Health Dashboard
• AI/ML Insights
• Life API
• Community Building
• Population Trends
AGGREGATE
• Bio-Energetic Field
• Happiness / Flow
• Biometrics
• Mitochondria
• Brainwaves
• Microbiome
• Epigenetic Expression
MEASURE

8. • NeuroTech market predicted to hit $19B by 2026.
• The Biohacking market is growing at nearly 20% a year.
• $4.2T Global Wellness Industry = #WellTech.
• The US self-improvement market is $13.2B; self-care is $9.2B.
• Global wearable market will exceed $60B by 2023.
• Global sports medicine market (+ recovery) will surpass $9B by 2024.
• Psychedelic market expected to reach $10.75B by 2027.
• By 2027, the global alternative medicine market—including yoga,
acupuncture, and meditation—will reach $296.3B.
Defining the Market
Fitt Insider

9. • Telemedicine: $3.2 billion
• Analytics: $1.3 billion
• Clinical decision support: $660 million
• Healthcare service booking: $572 million
• Practice management solutions: $533 million
• Wellness: $10.8 billion (TT Market Report)
• mHealth apps: $970 million
• Meditation: $750 million (TT Market Report)
• Wearables: $4.4B billion (TT Market Report)
2020 Wellness &
HEALTH FUNDING
Mercom Capital Digital Health Report

10. MENTAL HEALTH STARTUP
CATEGORIES

12. COVID IMPACT
Mercom Capital Digital Health Report
Telemedicine
Remote Patient Monitoring
Remote Trials

13. COVID IMPACT
Mercom Capital Digital Health Report
Biometric Awareness
Same Day Test Results
Online Communities
Telemedicine
Remote Patient Monitoring
Remote Trials

14. COVID IMPACT
Mercom Capital Digital Health Report
Biometric Awareness
Same Day Test Results
Online Communities
Telemedicine
Remote Patient Monitoring
Remote Trials
Mental Health
Connection and Community
Misinformation

15. Super Angels / UHNW —> very interested in longevity
VCs -> looking for a category creator or recurring revenue;
digital health and software has less risk
Med Device VCs —> defined pathway; very high standards
Corporate VCs —> focus on strategic fit or employee wellness
Family Offices —> impact large populations or unmet needs
NeuroTech VC —> BCI, neuroprosthetics, non-invasive
monitoring and neurostim devices
INVESTOR INTEREST

16. CURRENTLY RECEIVING
FUNDING
TREATMENT: DEPRESSION, ANXIETY, ALZHEIMER’S
MEASURABLE OUTCOMES: STRESS, SLEEP
APP BASED MENTAL HEALTH
CONSUMER SUBSCRIPTIONS
REAL-TIME BIOFEEDBACK
AI + ML + API
BRAIN-USER INTERFACE: GAMES, MACHINE CONTROL

17. MAJOR OPPORTUNIES
FOR FUNDING
Wellness
Tourism
Automated,
Actionable
Health Insights
Personalized
Products
Optimized
Algorithms
(Light, Sound,
Vibration)
Emotion &
Empathy
Devices
HRV + Vagus
Integration
Underserved
Populations
Addiction &
Recovery
Doctors as
Data
Scientists
Device + Drug
Combo

18. ACTION PLAN
For Health Technology Companies to succeed they must...
Define the Category
Show Momentum
Practice Influence
Understand the User’s Problem
Show Momentum
Define Risks and Costs
Show Momentum

19. What's the big idea?
Livongo + Teledoc -> “Digital Layer for Dr. Care” ($18B+)
Oura -> ”Actionable, Daily Biometric Insights” ($500M+)
Mojo Vision -> “World's First Smart Contact Lens” ($500M+)
Apollo Neuro -> “State Change at the Touch of a Button” ($20M)
Halo Neuroscience -> “Accelerated Motor Learning” ($50M+)
Levels -> "Automated Glucose Insights" ($30M+)
Rune Labs -> ”Clean Data from Neuro Signals" ($25M+)
Kernel -> “Non-invasive, real-time recording of hemodynamics
and precise brain activity patterns” ($500M+)
CONCISE BRAND PROMISE

21. (TT Market Report)

22. What's the big idea?
Kernel: $107M
Dreem: $57.5M
Thync: $13M
Halo Neuroscience: $25M
Synchron: $10M
BrainCo, Inc.: $6M
Neurable: $9M
Neuralink
Flow Neuroscience: $2.6M
Cognixion: $2.8M
Paradromics: $25.3M
Meltin MMI: $20.6M
Neuros Medical: $79M
NextMind: : $4.6M
Emotiv:: $1.8M
Q30 Innovations: $12.3M
BIOS: $5.6M
NeuroPace: $238M
MindMaze: $110.7M
Recent NeuroTech Funding
Khosla Ventures
Andreessen Horowitz
Noosphere Ventures
Boston Angel Club
DARPA
U.S. Department of Defense
Fusion Fund
Arkitekt Ventures
Kleiner Perkins
Mithril Capital Management
Loup Ventures
NXT Ventures
BOSS Syndicate
Endure Capital
K5 Ventures
Heuristic Capital Partners
Neuro Technology Investors
Aperture Venture Partners
JumpStart

23. New York
San Francisco
Palo Alto / Menlo Park
Boston
Chicago
Los Angeles
London / Cambridge
Nashville
Barcelona
San Diego / Irvine
Toronto
Denver
Austin
Grand Rapids / Detroit
Digital Health, Med Tech
Salt Lake
Cleveland
Miami

24. • Hardcore DIY-style biohacking makes headlines (high risk)
• R&D costs, difficult to raise money around manufacturing
• No bridge between consumer and traditional healthcare
• Lack of UX, Product Management, and Diversity
• Neuro-Ethics, AI convergence
• Data: Bandwidth, Structure, Processing
CHALLENGES AND
BOTTLENECKS

25. CALL TO ACTION PLAN
v“Device, Hardware”
v“Better Than”
vFollow-Only Investors
vHail Mary Manufacturing
vIf We Build It, They Will…
vCorporate Closer
vFirst-Time Lineup
ü “Frontier, Novel Mechanism”
ü ”New Category”
ü Dedicated, Niche Lead Funds
ü Manufacturing Redundancy
ü Pre-Sales, Opt-in Base
ü Warm Enterprise Pipeline
ü Deep Bench w/ Exits

26. Holistic health picture
Doctors as data scientists
Passive data collection, AI insights
Customization for every user
Highly efficient sleep, glymphatic drainage,
neurodegenerative tracking
Access to advanced meditative brain/heart states
WHERE WE'RE GOING

27. THAT'S A WRAP!
WESLEY KING | @BIOHACKINGBANKER