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Turner Novak is monetizing memes with venture capital
Banana Capital is an early-stage VC firm managing ~$10m. A key part of the fund s investing strategy: creating memes to get mindshare and win over both founders and other investors.
By:
Trung T. Phan
|
@TrungTPhan
April 29, 2021
If you’ve been anywhere near tech Twitter over the past year, you’ve seen a viral tweet from Turner Novak.
The 30-year old investor pumps out investment memes and conjures up hysterical parodies of tech founding stories (seriously, read these and try not to laugh).
“Founding stories” for
It’s a very deliberate approach with an end goal in mind.
Ophelia, a NYC-based healthcare tech startup providing treatment for Opioid Use Disorder (OUD), raised $15m in Series A funding.
The round was led by Menlo Ventures with participation from Y Combinator, General Catalyst, Refactor Capital, and the founders of Flatiron Health, Warby Parker, Harry’s, Allbirds, PillPack, Carbon Health, and Lambda School.
The company intends to use the funds to continue to build and expand its services to patients across the U.S., to soon accept insurance, including Medicare and Medicaid.
Led by Zack Gray, Co-founder and CEO, Ophelia offers an alternative to traditional rehab for the treatment of OUD. Through its telemedicine platform, the company provides Medication-Assisted Treatment (MAT) in a private way for patients who otherwise have no way to access care. MAT works through a combination of medication to stop opioid withdrawal and cravings, plus support and therapy for patients when helpful.
Immunotherapy alone extended life for certain metastatic lung cancer patients
Real-world evidence is suggesting, for the first time, the most beneficial treatment courses that could help extend the lives of patients with metastatic non-small cell lung cancer, according to research from the Abramson Cancer Center.
In a new study published online in
JAMA Oncology, researchers show that patients harboring a
KRAS gene mutation with high levels of PDL-1 lived longer when treated with immunotherapy alone, compared to patients without this mutation. This survival difference by
KRAS status was not seen, however, in patients treated with both chemotherapy and immunotherapy, suggesting combination therapy for patients without the mutation may be preferred.