Pattern Sequence A pitch deck: PhageLab’s $11M deck

As a species, we have now an issue. Micro organism have gotten an increasing number of proof against antibiotics. Is smart: Antibiotics kill off all of the micro organism they’ll, however the remaining ones that in some way survive proceed to develop and unfold. Guess which gene all of them have in frequent? That’s proper, the one which makes them proof against antibiotics.

We’ve identified this for years, however as a substitute of accelerating, the work on new antibiotics is slowing down considerably. Why? Capitalism: It’s actually costly to develop new medicine, and as soon as they’re developed, it’s arduous to make some huge cash on them.

PhageLab desires to come back to the rescue with a special method: utilizing a phage (quick for “bacteriophage”). Phages are a kind of virus that infects micro organism and kills them. In contrast to conventional antibiotics, phages could be designed to focus on very particular micro organism, and that lets us use them to kill solely the micro organism you don’t need (say, salmonella), whereas your intestine micro organism keep kind of intact.

After all, the method shouldn’t be with out downsides. One of many causes broad-spectrum antibiotics work so effectively is that medical doctors usually don’t know precisely which micro organism are wreaking havoc, and you probably have a phage that assaults solely a handful of micro organism, that might pose a problem.

Nonetheless, I really like phages usually, and the concept behind PhageLab is fairly rad. The workforce shared their pitch deck with me, so let’s see what the corporate confirmed buyers to boost its $11 million Sequence A spherical.

We’re searching for extra distinctive pitch decks to tear down, so if you wish to submit your personal, right here’s how you are able to do that.

Slides on this deck

The web page numbering on the deck is wonky (Web page 1 is labeled 1, however web page 3 is labeled 2) so understand that once I refer to slip numbers on this teardown, I’m referring to the web page variety of the PDF, not what’s on the slides themselves. The ultimate slide is web page 26 of the PDF, however it’s labeled 32, so it’s clear that some slides have been deleted from the deck earlier than PhageLab shared it with me. The corporate says using funds slide has been eliminated, however it’s not completely clear what else was deleted.

Nonetheless, let’s evaluate this deck as if this have been the total story and see the place that takes us.

  1. Cowl slide
  2. Abstract slide
  3. Downside slide
  4. Downside overview slide
  5. Downside influence slide I
  6. Downside context slide
  7. Downside abstract slide
  8. Downside influence slide II
  9. Downside influence slide III
  10.   Market measurement slide
  11.  “That is how we do it” interstitial slide
  12.   Worth proposition slide
  13.   “What are phages” slide
  14.   Why now slide
  15.   Resolution slide I
  16.   Resolution slide II
  17.   Area trial outcomes slide
  18.   “Meet our workforce” interstitial slide
  19.   Staff measurement slide
  20.   Headquarters slide
  21.   Staff slide
  22.   Abstract slide
  23.   Closing slide
  24.   Contact slide
  25.   Appendix interstitial slide
  26.   Appendix: Movies slide

Three issues to like

There’s some actually improbable storytelling on this deck.

So what about huge pharma?

Startups on this area at all times have to fret concerning the huge pharma firms. They’ll positively outspend you, so the query is the way you’re going to outsmart them.

[Slide 6] Effectively that’s the way you compete: They’ve given up. Picture Credit: PhageLab

This slide goes a great distance towards answering that: The enterprise case for creating new antibiotics is plummeting, which opens the door for PhageLab.

That makes the urgency clear . . .

[Slide 9] Yeah, that’ll get their consideration. Picture Credit: PhageLab

I do have a factor or two to say about how the corporate outlines its downside assertion, however slide 9 made me catch my breath. If we’re 25 years away from this doomsday situation, it’s apparent that there’s an enormous alternative for startups that may make an actual influence on this area. It’s highly effective storytelling.

That’s a hell of a promise of success

[Slide 17] So does it work? Picture Credit: PhageLab

Micro organism are fairly nebulous, so the place do you even start? It appears to me like PhageLab requested itself: What’s a micro organism that everybody is aware of exists, is aware of the place it exists, and is usually within the media? Salmonella suits the invoice properly. The corporate has achieved its analysis and reckons it might take away salmonella altogether — an enormous and apparent profit for meals provide chains.

In the remainder of this teardown, we’ll check out three issues PhageLab might have improved or achieved otherwise, together with its full pitch deck!

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