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Bit on the weirder submissions for YC but our family genome sequencing facility is generating more than $500/mo on the side. Currently growing at over 100% YOY
by rfc 8y ago
Bit on the weirder submissions for YC but our family genome sequencing facility is generating more than $500/mo on the side.
Currently growing at over 100% YOY (somewhere around 26% QOQ), closed out our last month at over $23k, and on pace to do somewhere between $350-400k. This is not an easy side project and there's been an insane amount of learnings on both the wet lab and informatics side. We've had some set backs but it's worth it when we get to hear what sort of life changing (literally) work we get to contribute.
https://thesequencingcenter.com/ https://thesequencingcenter.com/
- arrmn 8y agoHow big was the initial investment? What your background?
- rfc 8y agoInitial investment was about $175k, plus some ongoing for various purchases equipment/larger purchases. This is all bootstrapped with no outside investment. Background for myself is in product management for analytics & ML applications in the enterprise space. Other 2 co-founders: 1 has a PhD in Biology and the other has background in QA and robotics/automation.
- angelmass 8y agoAt first I read human WGS and I was like uhhh... But it’s good to see those machines go to good use! That last core lab I was in was still processing the same types of samples through Sanger (of course not WGS), so I’m glad that the research community is using the smaller NGS instruments for what I feel like they were meant for. Good on ya :)
- rfc 8y agoThanks! We're working on scaling up to human WGS but it will take time. We do have some ideas on how to reduce the price a ton but it requires more capital than we have currently - so either patience or VC. So for now we're sticking with bacterial and targeted human as our primary market.