Personal Genetics Startup 23andMe Raises $22 Million
techcrunch.com
techcrunch.com
mikep at 23andme
Direct to consumer sales are dead/dying at the hands of the FDA. Gene patents look like they're getting legally thornier. So, what's your angle?
How do you avoid a war to the realm of being a commodity?
Not true - such rumors have been greatly exaggerated.
>What do you have to offer that say, Counsyl doesn't?
At the moment: Access to your whole genotype and a curated set of the published literature, rather than a narrow carrier screening. Deep ancestry analysis & finding long-lost cousins. A commitment to advancing the science of genetics. As the database grows, the insights we generate create more value for the end-user. http://tinyurl.com/246mw46
In the future: There's lots of opportunity - come talk to us about it.
>How do you avoid a war to the realm of being a commodity?
genotyping is becoming commoditized, the interpretation of the A's, C's, G's and T's is not. We're in a sweet spot where rapidly falling costs: - let us offer our service at a lower cost to a broader market - improve the rates of discovery & create a more valuable interpretation We have an economy of scale which will allow us to: - negotiate lower costs - have a bigger database of potential relatives to meet - better interpret the meaning individual's genetics
http://techcrunch.com/2009/10/29/layoffs-confirmed-at-23andm...
It's fantastic, we've both been in contact with 3rd and 4th cousins, for me they are from the US, South africa and Australia.
I now know I'm prone to type II diabetes, so have cut down sugar intake and had reports on dozens of other health issues.
I think the current prices are a bit steep, but if they do another offer @ $100 I'll be recomending to everyone I know!
I haven't spat in a tube for them, so I don't know what their reports look like.
Again, nothing special.
However, I thought there were a few really interesting things such as highlighting particular drugs I might find less effective.
While this technology (and the statistical base that is used for correlations) is in its infancy there are some really interesting possibilities with extremely real world applications above and beyond early warning systems for genetic vulnerabilities to certain diseases.
It's far off in my opinion, and the site doesn't offer me much of a value add, but I signed up to reap benefits of future findings as well as hopefully integration into Google Health or equivalent.
That and I found some cousins on there.
So after a few months of putting it off, it turned out that I would be in the US (honeymoon) and I decided to just deliver the tubes back by hand for a bit of a laugh. Drove out to their processing facility in LA, wandered around the corridors for 30 minutes completely lost until a woman seemed to know what I was talking about, and handed it over. Told her that I didn't trust FedEx and liked to deliver my international mail by hand.
Couple of weeks later the results were online.
To those considering it: as with those reporting above, it's a little interesting but not all that exciting - I guess that could be a good thing though. For $400, skip it, but if they run another $100 special price it's probably worth it if you're curious.