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Launch YC S21: Meet the Batch, Thread #8

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141–150 of 163 posts

Re: Launch YC S21: Meet the Batch, Thread #8

#141

Earlier quoted context omitted.

Yes! Karius is great. They detect resistance genes to provide antibiotic sensitivity. We monitor the metabolic rate, that is how we do it faster.

Will hospitals be able to run your assay? If they have to send out to your lab then effectively it takes a lot longer to get a result.

We are selling our analyzer to clinical laboratories within hospitals. It is a very easy test to run using our cartridges.

Re: Launch YC S21: Meet the Batch, Thread #8

#142

Hi HN. My name is Mustafa Al-Adhami. I am the founder and CEO of Astek Diagnositcs Inc. ( https://astekdx.com ). We have a platform to determine antibiotic sensitivity in one hour. Every year, 1.7 million Americans are evaluated for sepsis - and too many die while waiting days for the correct antibiotic. Imagine a one-day-old baby having to wait twice as long as they have been alive to receive accurate treatment. Or…

Why did you go the YC route versus traditional biotech funding sources? And why did YC accept this versus “things that scale” like software?

YC has biotech mentors that I wanted to work with. I can't speak for why YC accepted us, but there at least 20 other biotech companies in my group.

Re: Launch YC S21: Meet the Batch, Thread #8

#143

Hi HN. My name is Mustafa Al-Adhami. I am the founder and CEO of Astek Diagnositcs Inc. ( https://astekdx.com ). We have a platform to determine antibiotic sensitivity in one hour. Every year, 1.7 million Americans are evaluated for sepsis - and too many die while waiting days for the correct antibiotic. Imagine a one-day-old baby having to wait twice as long as they have been alive to receive accurate treatment. Or…

This is super cool. I don't work in medicine but I understand that, in less cases than sepsis, testing often isn't done at all. I'm sure this leads to a lot of wrong or unnecessary prescriptions and increases antibiotic resistance in the population.

What you're making here is the kind of Star Trek medicine that can really improve lives for millions of people. Kudos!

Re: Launch YC S21: Meet the Batch, Thread #8

#144

Earlier quoted context omitted.

By uploading said information you are claiming it is true. Whether other people believe it to be true depends on whether they trust you or otherwise have verified for themselves (which can also be asserted cryptographically). No digital technology can solve epistemology and tell you what is true - but that's not the point, and blockchain applications are not unique in this.

> No digital technology can solve epistemology and tell you what is true Exactly. So what is the point? Why is this better than GitHub?

I think a lot of companies, when talking about blockchain technology, really mean a merkle tree - distributed or not, with proof of stake/work or not. The whole point being to cryptographically prove things like chain of custody, who is asserting what facts etc. The benefit to such tools is transparency, which helps in low-trust environments.

I'm pretty sceptical of blockchain applications in general because it became one of the word examples of a technobabble buzzword, but in this case I can see the argument for it.

Re: Launch YC S21: Meet the Batch, Thread #8

#145

Hi HN. My name is Mustafa Al-Adhami. I am the founder and CEO of Astek Diagnositcs Inc. ( https://astekdx.com ). We have a platform to determine antibiotic sensitivity in one hour. Every year, 1.7 million Americans are evaluated for sepsis - and too many die while waiting days for the correct antibiotic. Imagine a one-day-old baby having to wait twice as long as they have been alive to receive accurate treatment. Or…

Congratulations.

Thank you!

Re: Launch YC S21: Meet the Batch, Thread #8

#146

Earlier quoted context omitted.

One of things I noticed that you guys have 6 founders. Could you elaborate a bit on that, how do you manage the role, segregate responsibilities and manage conflicts if any. I am asking just out of curiosity. I have noticed that in Indian start up you generally find alot of founder for eg. Housing.com

Assigning Roles is not so hard, as there are so many hats to wear when you are a founder - Operations, Sales, Account Management, Product, Lead Generation, Tech, and Investor relations. Since we are six guys, we bring multiple ideas on the table, and sometimes it is hard to choose the right one for the company. Like every company, we manage conflicts. I think we would see more than two cofounders in Indian companies,…

Congrats Amit and Team on launch. I think vision is good. Are you repeat founders? Since you have 6 founders from different countries, do you think this may cause conflict in future while scaling? What are your thoughts?

Are you guys located in US/India and China?

Re: Launch YC S21: Meet the Batch, Thread #8

#147
post #93

Earlier quoted context omitted.

> can still get you into debt if you don't pay back / pay min / pay late How exactly is your card different? Is there no obligation to make payments? If so, how many cards can I open?

We connect to your existing bank account and make the payments automatically to build credit. Traditional debit cards do not do this.

That is exactly what debit cards do. When you make a purchase the money is withdrawn from your account.

The only novel thing here is you are deceiving the processing networks by claiming your debit card is a credit card. My credit union tried to do the same thing many years ago (as a way to build credit for students) and it eventually got caught by the processing networks and recategorized. Within a month or two it dropped off everyone's credit reports and they were back to square one.

Re: Launch YC S21: Meet the Batch, Thread #8

#148
post #147

Earlier quoted context omitted.

We connect to your existing bank account and make the payments automatically to build credit. Traditional debit cards do not do this.

That is exactly what debit cards do. When you make a purchase the money is withdrawn from your account. The only novel thing here is you are deceiving the processing networks by claiming your debit card is a credit card. My credit union tried to do the same thing many years ago (as a way to build credit for students) and it eventually got caught by the processing networks and recategorized. Within a month or two it d…

Sequin fronts the money to the merchant and pays ourselves back automatically from a connected bank account (unlike traditional debit cards).

We are an official Visa partner and deal directly with credit bureaus.

Re: Launch YC S21: Meet the Batch, Thread #8

#149

Hi, we’re Rob, April and Ivan, cofounders of DigiBuild ( https://digibuild.com/ ). We build construction software powered by blockchain. Our tools help large companies, like VCC Construction, improve the schedule and budget on projects and save over a million dollars annually. I grew up in construction with my dad and saw first hand the issues companies face everyday. The building process involves 50-100 stakeholders…

What is the purpose of putting the documents "in the blockchain"? If customers trust you, why not just build a normal database and put it there?

Customers put trust in us to run the front end, but the verification layer of the blockchain is still maintained by a distributed consensus and we won't be able to tamper withthat. So there is still a small amount of trust with DigiBuild, but much less than any normal database....If DigiBuild died tomorrow, customers would lose the front end functionality but still have the previous data and protections around that data in place on the blockchain and they could interact with it via a block explorer. In the future we will look to fully decentralize once the market and technology (ETH, AVA,etc..) So not fully trustless but trust minimized which allows more efficient transactions between these parties.

Re: Launch YC S21: Meet the Batch, Thread #8

#150
post #139

Earlier quoted context omitted.

What is the purpose of putting the documents "in the blockchain"? If customers trust you, why not just build a normal database and put it there?

Instant valuation multiplier for the startup.

Quite the opposite in the current venture world. Proving blockchain is a key element because there have been so many bad use cases that slapped blockchain on and tried to raise (hello many ICOs). Might've been true a few years ago but now blockchain makes many skeptical.
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