With four unicorns, ERA is the best accelerator in New York. So as I entered the sleek IAC building yesterday morning, I was excited to see their latest investments.
We saw 15 awesome companies present. Today, I picked my 3 favorites to share with you guys.
Let’s get started!
Overwatch Health
Overwatch Health is an app for cardiac and lung rehab.
Many folks with heart and lung problems need rehab, but it can be hard to find a provider near you. Overwatch makes it easy, letting you do your rehab online.
The founder dealt with relatives who had serious heart problems, which inspired him to build Overwatch. That’s the kind of intense commitment you want from a founder.
Healthcare is hard. But the beauty of it is that just about every single market in healthcare is massive.
If Overwatch can solve this problem, it will be a huge company.
Multitude
Let’s say you’re buying $10 million worth of soybeans. You log into a sleek platform and place your order…right?
Wrong. You probably send an email to a broker, who records the transaction in a spreadsheet.
It’s incredible that deals of this size are done in such a haphazard way. But it happens all the time in commodities. The derivatives market has similar problems.
Multitude is that slick platform. It lets you buy and sell commodities in a clean, secure interface.
Commodities are a massive market. Derivatives are closely related, and an even bigger market.
If Multitude can dominate these markets, it will be a decacorn at a minimum.
Elysium Energy
Elysium Energy helps you design, build and operate a hydrogen power generation project.
Lots of people are getting solar panels on their roofs, but hydrogen is a lesser known energy source. Unlike the sun, it can run all the time, rain or shine.
Elysium helps you pick the right site and equipment. You can get a hydrogen project running faster and more easily with Elysium.
Wrap-Up
It takes a lot of moxie to found a startup. Most people hide in the big bureaucracies, happy to get a paycheck.
It’s the rare person that strikes out on their own. So I’m proud of every one of these founders.
Hopefully we’ll see at least one unicorn from this bunch!
Have a great weekend everyone!
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