Hi, do you all plan on remaining an LLC for tax purposes, and do you anticipate becoming profitable within the near future?

Hello Lucas and thanks for inquiring. We do anticipate converting to a Corporation within the next 12-15 months and prior to the SAFE converting to equity. In terms of profitability, perhaps it is important to note that we are hoping to attract investors who also happen to use either sildenafil or tadalafil. Part of our marketing message is "why buy from anyone else if you can buy from yourself.....and cheaper"! If we are successful in this messaging, and considering our incredibly low fixed ...

How is this better than companies that have already been doing this for over 10 years for a valuation of 30M? How would you beat out your competitors since anyone can really do this

Thanks for you inquiry Patrick. I think it's important to understand that a HIPAA compliant telehealth site is not like a typical retail site, perhaps for golf balls, that you might find online. The complexity of coordinating a licensed provider network for the purposes of getting a legal prescription and then establishing a nationwide distribution network for those prescriptions is a huge multi-year undertaking. One of the advantages that we have over those competitors who have been in the g...

How do you compete with everyone who has medical insurance. If I wanted ED meds it would cost me $5.00.

Good afternoon Mr Gessner and thank you for your inquiry. If you are one of the few, and I do mean few, fortunate people to have coverage for "lifestyle" meds within your health plan, simply put, we can't. My experience however, after 12 years in the health insurance business and decades in retail pharmacy, is that the overwhelming majority of health plans DO NOT COVER meds such as Sildenafil and Tadalafil. Most beneficiaries don't realize that until the pay a physician office visit copay and...

What is the end state or exit? Acquisition? Pay dividends?

Good afternoon Craig and thanks for your inquiry. At this point I would say that the most likely exit scenario is an acquisition. We believe that once the proverbial "big boys" (Roman, HIMS, RexMD, etc) realize that we can do exactly what they do at a much lower price point, at least in terms of ED medication, they may want to eliminate a low-cost producer. We already have integrated nationwide prescription distribution capability with scalability that HIMS is trying to build out as I type......

Really interesting presentation ... I have invested but I am a supply chain consutlant and you will need me to help with order management, warehousing and distribution as you scale!

Good afternoon Antony and thank you for placing your trust in our team to work for you as an investor! I'm not sure how much insight into our prescription distribution channel you were able to extract from our video, but that is actually one of our greatest competitive strengths as we start to grow. Our fulfillment partner and its affiliated companies currently fill over 16 million prescriptions annually, and most of those are out of their existing 250,000+s.f. facility in Pennsylvania. Shoul...

myEDmeds

We're a nationwide low-cost platform for online Erectile Dysfunction medication

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myedmeds.com

Indiana, PA

Healthcare Ecommerce Consumer Goods B2C Health & Fitness

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Luke interviewed myEDmeds on August 20, 2021. Play Video

Luke Iseman

Founder of boxouse, growerbot, Soil IQ, Dirtnail, and more. Former Director of Hardware at Y Combinator.

Strengths

says, "I like Lou's vision of patients working together to grow their shared company!"

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says, "I want to understand more about how/why you will be differentiated vs the many other similar services. Why will customers come to you and keep coming back?"

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LEAD INVESTOR

Invested $10,000 this round + $10,000 previously

As a soon-to-be retired physician, along with my already-retired nurse wife Kathy, we are excited about the possibilities for myEDmeds for a number of reasons, not the least of which is now a shared vision of the future of telemedicine! I invested previously based mainly on my interest in the novelty of prescribing and providing Erectile Dysfunction medication online. As a company dealing with a deeply personal medical issue, I believed that myEDmeds was uniquely positioned to become a legitimate provider of at-home treatment, at least on a regional basis. In just 18-24 months, the team at myEDmeds has exceeded our expectations and has actually been able to build a platform that now is available on a nationwide basis. As part of my due diligence while deciding whether to re-invest in myEDmeds, I decided to look at how myEDmeds platform and capability stacked up against the competition in this niche. After my analysis, it appears that the long term distribution arrangement that myEDmeds has negotiated not only allows them to compete nationally with the competition, but actually seems to provide them with a significant pricing advantage at the consumer level. To be clear, I have determined that given the appropriate resources, there is little to nothing that the competition does that this company can’t do AND do it at a lower price point! In addition to the current capabilities, the company states that part of the proceeds from this campaign will be used to expand the service/product offering beyond ED medications to include other pharmaceuticals as well as adding non-prescription items. I am also excited to hear of the company’s pursuit of strategic partnerships in the online men’s grooming market. From my perspective, the company seems to want to bring your drugstore to your home! I am happy to be the Lead investor in this campaign and look forward to a bright future for myEDmeds where, quoting our Founder/CEO…………TOGETHER WE RISE! GLTA….Richard C. Bedger, DMD, MD

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myEDmeds

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