{"data":{"type":"company_profile","id":56486,"entity_id":"wefunder:company:56486","attributes":{"canonical_url":"https://wefunder.com/petribioold","generated_at":"2026-06-20T04:51:27Z","updated_at":"2026-06-19T05:00:18Z","entity_ids":{"company":"wefunder:company:56486","slug":"wefunder:company_slug:petribioold"},"profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":true,"privacy_mode":"promote","invite_only":false},"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-20T04:51:27Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-19T05:00:18Z","as_of":"2026-06-20T04:51:27Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-19T05:00:18Z","as_of":"2026-06-20T04:51:27Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2025-11-24T16:52:05Z","as_of":"2026-06-20T04:51:27Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2025-11-24T16:52:05Z","as_of":"2026-06-20T04:51:27Z","confidence":"medium"}}},"company":{"id":56486,"entity_id":"wefunder:company:56486","slug":"petribioold","name":"Petri Bio","tagline":"Next-generation of therapeutics from gut microbes","elevator_pitch":"Petri Bio creates therapies inspired by the compounds found in nature. We mine through the terabytes of underutilized genetic sequence data generated by genome projects and look for sequences that are of potential therapeutic value. We then express these gene sequences as their encoded peptides and screen them for their ability to bind therapeutic targets. From there, leading candidates are further optimized for binding and tweaked for maximum effectiveness as pharmaceuticals.","story":"Petri Bio is searching the gut microbiome for novel therapies for diseases that are tough to treat.Why gut microbes? Because we know they can influence a diverse array of health outcomes, we just don’t know how. But we do know they make millions of unstudied chemical compounds that interact with the body.Petri Bio believes the medicines of the future are among these compounds, waiting to be found.To kickstart the future, we are building out a platform to screen microbial compounds for therapeutic effects.We have early leads on novel treatments for two underserved diseases: Inflammatory bowel disease and fatty liver disease.\u0026nbsp;Fatty liver disease has NO pharmaceutical treatment, and existing IBD treatments have very limited effectiveness. People suffering from these diseases deserve more options than what pharma companies have come up with.We’ve gone beyond treating chronic diseases.\u0026nbsp;As part of Wefunder’s “Fight the Virus” challenge, we’ve used our platform to look for compounds that can bind and neutralize the virus that causes COVID-19.Our approach is unique.We are creating molecules called peptides that neutralize the virus without triggering the immune system — which is what a vaccine does. We hope that our solution will be useful in addition to vaccines so that we have a form of attack for those who experience trouble responding to vaccines (in particular, the immunocompromised and the elderly).In just 3 months, we’ve been able to file a patent on these compounds, and have been selected for evaluation for a sponsorship from a major vaccine manufacturer to proceed with its development!Our pipeline has a total addressable market of over $25 billion per year.We are a team of\u0026nbsp;PhD scientists with decades of domain expertise and Y Combinator alumni network.\u0026nbsp;Our team is ready to hit the ground running.Shu is PhD experienced in genetic engineering and molecular farming, a second-time biotech founder and YC alum.Joe is a PhD biologist and published author on how gut microbes influence health and aging.Our advisor John is a YC alum founder and has 7 years of experience as a biotech CEO, and provides invaluable insight navigating early-stage biotech.What's next for COVID-19We want to end this crisis as soon as possible......by whatever vaccine or therapy gets us there the fastest! Thus, we don't see ourselves competing with other treatments for COVID-19.That said,\u0026nbsp;it’s our hope that our offering can be used\u0026nbsp;with\u0026nbsp;an established pharmaceutical company’s product. We have\u0026nbsp;already received some interest from a vaccine manufacturer and we are currently under evaluation for potential sponsorship.What's next for our pipeline of therapeuticsThe Fight the Virus challenge has given us a real-world crash course in the drug development process, from initial design to patenting and seeking pharmaceutical sponsorships, all in a three-month span.With further funding, we have the experience and network now to do it again with IBD and fatty liver disease. We want to develop them as quickly as possible, and partner with pharmaceutical manufacturers to bring them to market.With enough support, we can even further build out the platform and start screening compounds for other underserved diseases, and branch out into other microbe-inspired products.Join our mission!We’re making drugs from an untapped resource of millions of bioactive compounds: the human microbiome. This gives us millions of “shots-on-goal” that traditional pharma companies aren’t making.\u0026nbsp;Invest as little as $100 to be with us on the journey from the very beginning,\u0026nbsp;and let's build a healthier future for everyone!","location":"Los Angeles, CA","website":"https://petribio.com/","total_amount_raised":107683,"total_investors":238,"is_funded":true,"is_active":true,"quality_score":4,"related_urls":["https://wefunder.com/petribioold","https://petribio.com/"]},"media":{"share_image_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/56486/xxl_cropped_Dissolve_D2115_231_334_master.jpg","logo_url":"https://uploads.wefunder.com/uploads/company/logo/56486/large_cropped_Petri_Bio_Logo.png","header_media_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/56486/standard_cropped_Dissolve_D2115_231_334_master.jpg","cover_photo_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/56486/standard_cropped_Dissolve_D2115_231_334_master.jpg","profile_video_url":"https://wefunder.wistia.com/medias/usnhfimi1g"},"links":{"company_url":"https://petribio.com/"},"highlights":[],"quick_facts":[{"index":1,"claim_id":"claim-fact-1","value":"We develop therapeutics inspired by the data collected by animal and microbial genome projects."},{"index":2,"claim_id":"claim-fact-2","value":"Positioned to mine 32+ terabytes of genomic data for future drug precursors."},{"index":3,"claim_id":"claim-fact-3","value":"Founded by 2 PhD scientists (3 patents and 14 publications). 2nd-time founder (YCS17)."},{"index":4,"claim_id":"claim-fact-4","value":"Patent-pending treatment for COVID-19 under evaluation by a pharma company for sponsorship."},{"index":5,"claim_id":"claim-fact-5","value":"Early pipeline of candidates help treat IBD, which affects 1.6M people and $15B market"},{"index":6,"claim_id":"claim-fact-6","value":"Drug precursor for the treatment of NAFLD/NASH (“fatty liver disease”), $7B growing market."}],"team":[{"id":889632,"entity_id":"wefunder:company_role:889632","user_entity_id":"wefunder:user:722452","role":"founder","name":"Shu Li","title":"Co-Founder","bio":"Ph.D. with 8 publications and 3 patents. Y Combinator alum.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/889632/square_cropped_0-1.jpg?1677607959","profile_url":"https://wefunder.com/shuli","linkedin_url":"https://www.linkedin.com/in/shulialice/","related_urls":["https://wefunder.com/shuli"]},{"id":893721,"entity_id":"wefunder:company_role:893721","user_entity_id":"wefunder:user:993583","role":"founder","name":"Joseph Schinaman","title":"Co-Founder","bio":"Ph.D. with 14 years of research experience and 6 top tier publications, 1 patent. LA Biostart alum.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/893721/square_cropped_0-2.jpg?1762879631","profile_url":"https://wefunder.com/josephschinaman","linkedin_url":"https://www.linkedin.com/in/joseph-schinaman-484418158/","related_urls":["https://wefunder.com/josephschinaman"]},{"id":3867368,"entity_id":"wefunder:company_role:3867368","user_entity_id":"wefunder:user:4095174","role":"employee","name":"Sydney Santiago","title":"Marketing","avatar_url":"https://wefunder.com/rails/active_storage/representations/redirect/eyJfcmFpbHMiOnsiZGF0YSI6MjExNDcsInB1ciI6ImJsb2JfaWQifX0=--a8f7ff946b0c5afd789872af6bff837377ad671f/eyJfcmFpbHMiOnsiZGF0YSI6eyJmb3JtYXQiOiJwbmciLCJyZXNpemVfdG9fZmlsbCI6WzE1MCwxNTBdfSwicHVyIjoidmFyaWF0aW9uIn19--7348f7de593deefc72b995d981f4d9590c736124/filename?1692317173","profile_url":"https://wefunder.com/sydney.santiago","related_urls":["https://wefunder.com/sydney.santiago"]}],"featured_investors":[{"id":5051,"entity_id":"wefunder:company_investor_profile:5051","investor_profile_id":451568,"investor_profile_entity_id":"wefunder:investor_profile:451568","subject_entity_id":"wefunder:user:834121","name":"John Waldeisen","bio":"Founder \u0026amp; ex-CEO, Lucira Health (YC W15) / Founder \u0026amp; CTO, Animalia Health / Mentor, XX \u0026amp; Wefunder's \"Fight the Pandemic\" Fund","avatar_url":"https://wefunder.com/rails/active_storage/blobs/redirect/eyJfcmFpbHMiOnsiZGF0YSI6MzAwNzc1LCJwdXIiOiJibG9iX2lkIn19--f6de4a07d4bf3d949ca3072a9eb85da66e3a2335/filename","profile_url":"https://wefunder.com/johnwaldeisen","investment_total":1000,"investment_info":"Invested $1,000 this round","is_lead_investor":true,"related_urls":["https://wefunder.com/johnwaldeisen"]}],"investor_memos":[],"tab_counts":{"posts":11,"ask_questions":26,"featured_investors":1,"faq_entries":5},"active_fundraises":[{"id":36226,"entity_id":"wefunder:fundraise:36226","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"safe","security_type":"equity","currency":"USD","testing_the_waters":false,"min_purchase":100,"max_purchase":9,"funding_target":50000.0,"funding_started_at":"2020-07-25T01:29:20Z","funding_closed_at":"2020-12-01T05:02:11Z","auto_close_at":"2020-12-01T04:59:59Z"}],"latest_fundraise":{"id":36226,"entity_id":"wefunder:fundraise:36226","state":"successful","offering_type":"4(a)(6)","structure":"safe","testing_the_waters":false,"can_invest_now":false,"funding_started_at":"2020-07-25T01:29:20Z","funding_closed_at":"2020-12-01T05:02:11Z","terms":{"eb":null,"nb":"$6M","txt":"valuation cap"}},"recent_posts":[{"id":139846,"entity_id":"wefunder:feed_item:139846","type":"FeedItem::Update","visibility":"public","title":"Happy New Year!","preview":"Dear all,As we start a new year, we would like to thank you for your continued support. 2020 was a unique year, and we are so grateful to have you all in the journey!💗In 2021, we hope to keep updating you with our progress and good news. Sincerely wish you all a healthy, happy, wonderful new year! 🎉🎁🎈Best wishes,Petri Bio Team\u0026nbsp;","published_at":"2021-01-01T22:12:11Z","author_name":"Shu Li","url":"/feed/139846","canonical_url":"https://wefunder.com/feed/139846"},{"id":139443,"entity_id":"wefunder:feed_item:139443","type":"FeedItem::Update","visibility":"public","title":"Thank you! Thank you! Thank you!","preview":"126 days, 247 investors, $115,340 investment, we just successfully closed our campaign last night\u0026nbsp;with all your support!Fundraising during a global pandemic is not the easiest thing, but with the Wefunder platform and your support, we made it happen. Every time we communicate through updates, comments, and Q\u0026A, we can feel the passion and excitement from you all, which is our continued source of motivation. We are so grateful for it!💗The 2020 campaign has ended, but our journey has just ...","published_at":"2020-12-01T19:05:03Z","author_name":"Shu Li","url":"/feed/139443","canonical_url":"https://wefunder.com/feed/139443"},{"id":139348,"entity_id":"wefunder:feed_item:139348","type":"FeedItem::Update","visibility":"public","title":"3 hours left to join!","preview":"Hi Investors and Followers,Our campaign is closing in less than 3 hours! It's the perfect time for you to reconfirm or\u0026nbsp;increase the amount of investment. If you have been following our campaign but still haven't invested yet, this is the best chance!\u0026nbsp;As always, thank you so much for your support!\u0026nbsp;Cheers,Petri Bio Team","published_at":"2020-12-01T02:12:42Z","author_name":"Shu Li","url":"/feed/139348","canonical_url":"https://wefunder.com/feed/139348"},{"id":139347,"entity_id":"wefunder:feed_item:139347","type":"FeedItem::Update","visibility":"public","title":"2 Days Left!","preview":"Dear Investors and Followers,Hope you all had a great time celebrating Thanksgiving! 🍗🥧🍷Our campaign will officially END IN 2 DAYS! There’s still time to reconfirm your investment if you haven’t done so, and we would really appreciate it if you could help us spread the word!💻📞📲For those of you who have been following our updates, you must know that increasing technology defensibility (patents) is always an important part of our work. Now I’m glad to let you know that we will be partnering wit...","published_at":"2020-11-28T22:26:36Z","author_name":"Shu Li","url":"/feed/139347","canonical_url":"https://wefunder.com/feed/139347"},{"id":139248,"entity_id":"wefunder:feed_item:139248","type":"FeedItem::Update","visibility":"public","title":"Happy Thanksgiving!","preview":"Dear Investors and Followers,This Thanksgiving, there are many people to whom we want to show our gratitude 💌:First of all, we especially want to say “thank you” to all of our backers and followers. We are so grateful for your continued support and encouragement!We also want to say thanks to our team at the Startup Legal Garage and Morrison Foerster. Through the Startup Legal Garage program, we received 250 hours of pro bono IP work, which has been a huge boost to help us prepare for our next...","published_at":"2020-11-23T23:21:38Z","author_name":"Shu Li","url":"/feed/139248","canonical_url":"https://wefunder.com/feed/139248"},{"id":138973,"entity_id":"wefunder:feed_item:138973","type":"FeedItem::Update","visibility":"public","title":"Almost $100k!","preview":"Dear Investors and Followers, With your help, we are getting so close to $100k! 🎉🎉🎉Please help us spread the word just by clicking the Facebook and Twitter buttons on our campaign page, and you can make a HUGE difference with just two clicks!We really appreciate you taking time to reconfirm your investment with updated form-C. If you missed the email, don’t worry, just simply log into your Wefunder account, you should see something like this:If you click the banner, you should be able to reco...","published_at":"2020-11-13T22:32:14Z","author_name":"Shu Li","url":"/feed/138973","canonical_url":"https://wefunder.com/feed/138973"},{"id":138862,"entity_id":"wefunder:feed_item:138862","type":"FeedItem::Update","visibility":"public","title":"Latest Update!","preview":"Dear Investors and Followers,Since our last update, we have been working hard in the lab, and building collaborations that will help us take our results beyond the lab as quickly as possible. In order to reach a larger audience for feedback, we also made a short video that describes our technology: And as a heads up, every backer will be getting an email from Wefunder this week, to update the Form C with the 2019 finance review. This update is a requirement in order for us to close the campai...","published_at":"2020-11-10T19:50:44Z","author_name":"Shu Li","url":"/feed/138862","canonical_url":"https://wefunder.com/feed/138862"},{"id":136942,"entity_id":"wefunder:feed_item:136942","type":"FeedItem::Update","visibility":"public","title":"Petri Bio just converted to a Delaware C-corp!","preview":"Dear Investors,In the past a couple of weeks, besides focusing on building the technology in the lab, we also made the decision to convert our company from LLC to a C-corp. You will receive an email from Wefunder soon notifying the conversion, and you would be requested to provide your signature for approval. By signing the new contract, your invested “units” will be exchanged for future “shares”, which creates a simple, transparent corporate structure, and increases our chances to raise capi...","published_at":"2020-09-15T17:19:02Z","author_name":"Shu Li","url":"/feed/136942","canonical_url":"https://wefunder.com/feed/136942"},{"id":136921,"entity_id":"wefunder:feed_item:136921","type":"FeedItem::Update","visibility":"public","title":"Petri Bio is selected for the Fall 2020 Cohort of UC Hastings Startup Legal Garage!","preview":"Intellectual property is one of the key assets for biotech companies. In today’s competitive environment, owning IP can not only protect the technology we are working on, but also create a unique selling proposition of the product. At Petri, we put a lot of thoughts and efforts to strengthen our defensibility and explore new opportunities to patent our technology. Recently, we were selected for the fall 2020 cohort of The Startup Legal Garage, an innovative program founded by UC Hastings Law ...","published_at":"2020-08-25T19:18:17Z","author_name":"Shu Li","url":"/feed/136921","canonical_url":"https://wefunder.com/feed/136921"},{"id":136792,"entity_id":"wefunder:feed_item:136792","type":"FeedItem::Update","visibility":"public","title":"We’ve achieved our first fundraising milestone!","preview":"Yes! We’ve raised $50k and met our minimum goal of fundraising! This is a big shout-out to all of our supporters: Thank you so much for your support and valuable feedback. We couldn’t have made it this far without you! 2020 has been a fairly challenging year for the world. However, many successful companies were built during hard times. This list can go from younger companies like Airbnb and Uber, to some of the best known ones such as Microsoft and General Motors. Looking at the history of b...","published_at":"2020-08-18T19:34:31Z","author_name":"Shu Li","url":"/feed/136792","canonical_url":"https://wefunder.com/feed/136792"},{"id":136614,"entity_id":"wefunder:feed_item:136614","type":"FeedItem::Update","visibility":"public","title":"Thank you for supporting our WeFunder campaign!","preview":"With your support, we have raised over $44k from more than 100 investors!Raising through crowdfunding has been a very exciting experience. Besides capital, we also really appreciate this opportunity to communicate with everyone who’s interested in our work. Answering questions from you guys has been one of our favorite things to do these days. So, to answer a few frequently asked questions, we made a short video, in which we were interviewed by our mentor Dr. John Waldeisen. We hope this help...","published_at":"2020-08-12T19:04:04Z","author_name":"Shu Li","url":"/feed/136614","canonical_url":"https://wefunder.com/feed/136614"}],"q_and_a":[{"id":102552,"entity_id":"wefunder:comment:102552","question":"Do you have social media accounts that we can share?","author_name":"Craig J. Vom Lehn","votes":2,"created_at":"2020-08-17T16:25:34Z","canonical_url":"https://wefunder.com/petribioold#question-102552","answers":[{"id":102557,"entity_id":"wefunder:comment:102557","answer":"Thanks for wanting to help get the word out! We are still busy getting our social media presence up and running, but for the time being you can share our website www.petribio.com, and our wefunder page. We'll send out Wefunder updates as we add more social media.","author_name":"Joseph Schinaman","votes":2,"created_at":"2020-08-17T17:21:35Z"}]},{"id":153994,"entity_id":"wefunder:comment:153994","question":"Any new updates","author_name":"Larry Yonish","votes":1,"created_at":"2021-06-17T20:12:26Z","canonical_url":"https://wefunder.com/petribioold#question-153994","answers":[]},{"id":150022,"entity_id":"wefunder:comment:150022","question":"Any new updates","author_name":"Larry Yonish","votes":1,"created_at":"2021-05-21T11:23:15Z","canonical_url":"https://wefunder.com/petribioold#question-150022","answers":[]},{"id":116359,"entity_id":"wefunder:comment:116359","question":"Validation: Other biotechs are studying gut microbes to further cancer treatments. Possibly, gut microbes could be an emerging field... FYI https://www.prnewswire.com/news-releases/persephone-biosciences-initiates-the-argonaut-study-of-gut-microbiome-linked-immune-modulation-in-cancer-treatment-response-301178470.html","author_name":"Baljit Singh","votes":1,"created_at":"2020-11-29T04:37:38Z","canonical_url":"https://wefunder.com/petribioold#question-116359","answers":[{"id":116426,"entity_id":"wefunder:comment:116426","answer":"Thanks for sharing the article! It's indeed an emerging field and we are very passionate about harnessing the power of gut microbes to develop treatments. Thank you for your continued support! By the way, I noticed that some technical issues might have happened during the transaction. Please let us know if there's anything we can do to help. We want to make sure your investment can be in before we close the campaign!","author_name":"Shu Li","votes":0,"created_at":"2020-11-30T03:31:28Z"}]},{"id":102548,"entity_id":"wefunder:comment:102548","question":"Do you intend to pay dividends (post-SAFE conversion)?","author_name":"Craig J. Vom Lehn","votes":1,"created_at":"2020-08-17T16:16:38Z","canonical_url":"https://wefunder.com/petribioold#question-102548","answers":[{"id":102556,"entity_id":"wefunder:comment:102556","answer":"Hello Craig, thanks for reaching out. We are growth oriented startup, and at this time, don't have any plans to pay dividends. Any money we get will be put back into the company for the foreseeable future. Hope this helps!","author_name":"Joseph Schinaman","votes":1,"created_at":"2020-08-17T17:17:20Z"}]},{"id":284668,"entity_id":"wefunder:comment:284668","question":"How do I purchase stock?","author_name":"Wendy Carson","votes":0,"created_at":"2024-06-04T14:24:14Z","canonical_url":"https://wefunder.com/petribioold#question-284668","answers":[{"id":284698,"entity_id":"wefunder:comment:284698","answer":"Hi Wendy, thanks for your interest. We’re still a private company, but we’re excited about angel investment opportunities! Feel free to send me an email at shu@petribio.com, and I’d love to chat more about it.","author_name":"Shu Li","votes":0,"created_at":"2024-06-04T20:47:33Z"}]},{"id":260140,"entity_id":"wefunder:comment:260140","question":"Any updates to this campaign? Has it fizzled out?","author_name":"Josh S","votes":0,"created_at":"2023-08-25T03:54:37Z","canonical_url":"https://wefunder.com/petribioold#question-260140","answers":[{"id":260444,"entity_id":"wefunder:comment:260444","answer":"Hi Josh, we are making a lot of progress and have been updating our investors through our newsletter. Would you like to provide your email or sign up here? https://buff.ly/3Yf1PvJ","author_name":"Shu Li","votes":0,"created_at":"2023-08-29T00:07:03Z"}]},{"id":193359,"entity_id":"wefunder:comment:193359","question":"Happy New Year Shu Li! How are you and how is Petri Bio progressing? Will you be sharing an investor update soon? Looks forward to hearing back from you soon. Sincerely, Baljit","author_name":"Baljit Singh","votes":0,"created_at":"2022-02-20T09:24:43Z","canonical_url":"https://wefunder.com/petribioold#question-193359","answers":[]},{"id":171554,"entity_id":"wefunder:comment:171554","question":"I am wondering what is the status of this start up. Is it still viable?","author_name":"Gilbert E. Garza","votes":0,"created_at":"2021-09-28T20:11:01Z","canonical_url":"https://wefunder.com/petribioold#question-171554","answers":[{"id":171587,"entity_id":"wefunder:comment:171587","answer":"Hi Gilbert! Yes, we are making progress and will send out a major update to our investors soon!","author_name":"Shu Li","votes":0,"created_at":"2021-09-28T23:20:12Z"}]},{"id":156244,"entity_id":"wefunder:comment:156244","question":"Any new updates I see on your website down?","author_name":"Larry Yonish","votes":0,"created_at":"2021-07-04T20:48:33Z","canonical_url":"https://wefunder.com/petribioold#question-156244","answers":[]},{"id":116389,"entity_id":"wefunder:comment:116389","question":"Will you be extending this round of funding?","author_name":"Lyle Notice","votes":0,"created_at":"2020-11-29T19:19:57Z","canonical_url":"https://wefunder.com/petribioold#question-116389","answers":[{"id":116400,"entity_id":"wefunder:comment:116400","answer":"Hello Lyle, As it happens, we have already extended our campaign once, so as not to conflict too much with the Thanksgiving holiday. We aren't planning on getting another extension, so anyone thinking of investing further should plan accordingly. Thanks, Joe","author_name":"Joseph Schinaman","votes":0,"created_at":"2020-11-29T21:07:21Z"}]},{"id":116388,"entity_id":"wefunder:comment:116388","question":"What types of products will you be creating ?","author_name":"Lyle Notice","votes":0,"created_at":"2020-11-29T19:19:35Z","canonical_url":"https://wefunder.com/petribioold#question-116388","answers":[{"id":116399,"entity_id":"wefunder:comment:116399","answer":"Hello Lyle! We are developing products with the rigor and efficacy to eventually be granted FDA-approval as therapeutics for certain indications, such as IBD and NASH. That said, we are a discovery company. We are however leaving the door open to possibly release some probiotics direct to consumer, if our future discoveries lead us to something that would make for a safe and effective product in that space. I hope this helps, Joe","author_name":"Joseph Schinaman","votes":0,"created_at":"2020-11-29T21:02:50Z"}]},{"id":110158,"entity_id":"wefunder:comment:110158","question":"Shu Li, could you share your response to Nicholas Sangtae here. He asked pertinent questions that would be useful to review before making an investment decision.","author_name":"Baljit Singh","votes":0,"created_at":"2020-10-13T16:31:44Z","canonical_url":"https://wefunder.com/petribioold#question-110158","answers":[{"id":111054,"entity_id":"wefunder:comment:111054","answer":"Dear Baljit, thank you so much for your question, and sorry for the late reply! How to finance for the long term is always an interesting question in startups, especially for biotech companies. Indeed, clinical trials need relatively much longer time and more work to de-risk. I think one unique advantage we are aware of being a platform company, is that we also have the option to co-develop or even license therapeutic candidates to industrial partners. In that case, our work would focus on early stage development and exploring novel applications, instead of taking each candidates all the way from clinical trials to manufacturing and final distribution. In this way we are hoping to shorten the timeline of generating early revenues from 7-10 years to 3-5 years. However, we know there are many variable factors that can change our plan. Thus we are also working with business school consultants to help us refine the go to market strategy, in order to better prioritize our options. Please feel free to send us an email at info@petribio.com if you want to talk more. We are always happen to jump on a call with future investors!","author_name":"Shu Li","votes":0,"created_at":"2020-10-19T06:34:05Z"}]},{"id":108421,"entity_id":"wefunder:comment:108421","question":"Hi Shu and Joseph! I will soon be running a wefunder campaign. Could you help me by answering a couple of questions about your experience? You can email me: larry@lyfmap.com Thanks!","author_name":"Larry Bieza","votes":0,"created_at":"2020-09-30T15:32:25Z","canonical_url":"https://wefunder.com/petribioold#question-108421","answers":[{"id":109294,"entity_id":"wefunder:comment:109294","answer":"Of course. Our pleasure to share some tips and lessons learned. Sent you an email and look forward to talking!","author_name":"Shu Li","votes":0,"created_at":"2020-10-06T22:02:34Z"}]},{"id":107690,"entity_id":"wefunder:comment:107690","question":"When is the last day to invest?","author_name":"Samuel Oppong","votes":0,"created_at":"2020-09-24T17:32:24Z","canonical_url":"https://wefunder.com/petribioold#question-107690","answers":[{"id":107703,"entity_id":"wefunder:comment:107703","answer":"Dear Samuel, our campaign is supposed to be open\u0026nbsp;till Nov 21st, but we may be granted a chance to extend it depends on investors' interest.\u0026nbsp;","author_name":"Shu Li","votes":0,"created_at":"2020-09-24T18:10:56Z"}]},{"id":106104,"entity_id":"wefunder:comment:106104","question":"Dr. Li, I did have a few questions for you: 1. Can I ask why you decided to leave Alpine Roads? It is a potential red flag that would be worth addressing for investors 2. I am an investor in the leading gut microbe probiotic company in the world with decades of R\u0026amp;D knowledge and double coating lactic acid technology. Are you familiar with Cell Biotech? They are also conducting clinical phase trials with the application of lactic acid bacteria to veterinary medicines and biotech drugs. In particular, they are also seeking to develop treatments for irritable bowel syndrome (IBS), inflammatory bowel disease (IBD), leaky gut syndrome (LGS), colon cancer, and atopic dermatitis through research on immunomodulatory effects of lactic acid bacteria. Can you clarify how your drug patent asset compares to the findings of Cell Biotech? http://www.cellbiotech.com/static/doc/2015_Cellbiotech_brochure(eng-final).pdf 3. As a clinical biotech, you will be burning cash until you go to market. It typically takes 5-10 years to pass phase 1, 2 and 3 trials before going to market. On top of that, the chances of a drug passing all 3 phases is very very low. Can you clarify your financial strategy, where you will be spending your funding resources, and your assessment of how you will survive financially during the long lead time before going to market? Thank you !","author_name":"Nicholas Sangtae","votes":0,"created_at":"2020-09-13T18:17:52Z","canonical_url":"https://wefunder.com/petribioold#question-106104","answers":[{"id":107705,"entity_id":"wefunder:comment:107705","answer":"Dear Nicholas, Thank you very much for your questions and interest! For 1st time founders, I think it's not uncommon to hire more experienced management talents when the company is scaling up. In other words, the company is in very good hands, and I'm still a proud shareholder. There's no conflict of interest to what I'm working on right now. You don't have to worry about that. We would love to learn more about Cell Biotech, and explore potentials to collaborate. For financial strategy, I noticed that you also send your questions through email so I'd love to chat more there! Thanks!","author_name":"Shu Li","votes":0,"created_at":"2020-09-24T18:16:34Z"}]},{"id":105372,"entity_id":"wefunder:comment:105372","question":"Hi Shu Li, Understand Bio-Tech requires longer commitment in relative to typical tech company. My question is nothing personal but would to know more about the commitment from your team. 1. Are you still holding the executive position in Alpine-Roads 2. If no longer managing Alpine-roads, may I know why you left the company? Do you expect to run Petri Bio for more than 5 years? Thanks","author_name":"Kok Heng Leong","votes":0,"created_at":"2020-09-06T10:44:38Z","canonical_url":"https://wefunder.com/petribioold#question-105372","answers":[{"id":105406,"entity_id":"wefunder:comment:105406","answer":"Dear Kok Heng Leong, thanks for your question and interest in our company! I'm not CSO of Alpine Roads anymore although I'm still a shareholder. I'm fully committed to Petri Bio right now. As the founders we expect to run the company for long term and will make strategic decisions to benefit the company's growth!","author_name":"Shu Li","votes":2,"created_at":"2020-09-06T21:31:57Z"}]},{"id":105327,"entity_id":"wefunder:comment:105327","question":"Any Updates on this?","author_name":"Vipul Shah","votes":0,"created_at":"2020-09-05T17:38:59Z","canonical_url":"https://wefunder.com/petribioold#question-105327","answers":[{"id":105625,"entity_id":"wefunder:comment:105625","answer":"Hi Vipul! We have been very busy working in the lab lately. Hope to include more progress in our next update. Stay tuned!","author_name":"Shu Li","votes":0,"created_at":"2020-09-09T05:49:44Z"}]},{"id":101832,"entity_id":"wefunder:comment:101832","question":"What kind of intellectual property can one secure for microbiome technologies like this? What are some examples of deals with publicly disclosed valuations in this space?","author_name":"Joshua McNamara","votes":0,"created_at":"2020-08-11T22:46:38Z","canonical_url":"https://wefunder.com/petribioold#question-101832","answers":[{"id":101843,"entity_id":"wefunder:comment:101843","answer":"Hi Joshua, thank you for your question.\u0026nbsp;Patent protection for microbiome-derived\u0026nbsp;therapeutics can have many formats, including claims covering the compositions, methods of treatment, and formulations, but it's all based on a particular application. There's an article published on Nature Biotechnology last month, which\u0026nbsp;gave a brief overview of the microbiome patenting landscape (https://www.nature.com/articles/s41587-020-0579-z). I hope that answers your question. In terms of successful acquisition\u0026nbsp;cases and business plan, please feel free to email us at info@petribio.com and we would like to have further conversations!​","author_name":"Shu Li","votes":0,"created_at":"2020-08-11T23:44:09Z"}]},{"id":101584,"entity_id":"wefunder:comment:101584","question":"I asked about your revenue goals for the next 5 years.","author_name":"Leonardo Lee","votes":0,"created_at":"2020-08-10T19:59:18Z","canonical_url":"https://wefunder.com/petribioold#question-101584","answers":[{"id":101678,"entity_id":"wefunder:comment:101678","answer":"Dear Leonardo, I'm so very glad to hear from you again. Good question. I have to say as a biotech startup, the R\u0026amp;D cycle intend to be longer than tech companies, especially the therapeutics we are developing will need to go through clinical trials. That being said, in 5 years our revenue may not be from therapeutics yet. However, we are going to file patents to protect our technology and compounds. We are envisioning to start generating revenue from royalty by licensing our compounds and technology to partners. Hope this answers your question. If not, please feel free to email me at shu@petribio.com, and we would like to hear from you!","author_name":"Shu Li","votes":0,"created_at":"2020-08-11T05:42:13Z"}]},{"id":101243,"entity_id":"wefunder:comment:101243","question":"You answered other questions, are you avoiding mine?","author_name":"Leonardo Lee","votes":0,"created_at":"2020-08-07T22:06:08Z","canonical_url":"https://wefunder.com/petribioold#question-101243","answers":[{"id":101265,"entity_id":"wefunder:comment:101265","answer":"Hi Leonardo, we are so sorry for missing your question. For some reason we just can't see it on our end. I apologize for the inconvenience. Would you mind re-posting your question here? Happy to answer it!","author_name":"Shu Li","votes":0,"created_at":"2020-08-07T23:00:16Z"}]},{"id":101207,"entity_id":"wefunder:comment:101207","question":"IS the 32+ terabytes of genomic data proprietary? or is the advantage you have is that you've found a better way to mine it?","author_name":"Glen J Stroup","votes":0,"created_at":"2020-08-07T20:32:57Z","canonical_url":"https://wefunder.com/petribioold#question-101207","answers":[{"id":101258,"entity_id":"wefunder:comment:101258","answer":"Hey Glen, great question. The 32 Tb of data is from the Human Microbiome Project, it was generated with public funding and is publicly available. We get the benefit of mining it without having to reinvent the wheel in terms of massive data collection. Our edge is in how we analyze this data for potentially useful gene sequences, expressing them for the first time in a laboratory setting, testing them, and developing IP around specific use cases for them. Hope this helps! -Joe","author_name":"Joseph Schinaman","votes":0,"created_at":"2020-08-07T22:43:08Z"}]},{"id":101042,"entity_id":"wefunder:comment:101042","question":"Hi, What's the goal 6 months from now? Who am I investing in when I invest in Shu Li?","author_name":"Calvin Nguyen","votes":0,"created_at":"2020-08-07T00:29:20Z","canonical_url":"https://wefunder.com/petribioold#question-101042","answers":[{"id":101112,"entity_id":"wefunder:comment:101112","answer":"6 months from now we will get more lab-based proof of concepts to show the effectiveness of peptides. For each peptide proved to be useful for an application (therapeutic function, metabolism regulation, etc), we will file a patent to protect the intellectual properties as well. I truly appreciate everyone that interested in our project and want to know more about us. Please feel free to send me an email at shu@petribio.com, and I'd love to schedule a zoom meeting to let you know more about our team before making any decisions!","author_name":"Shu Li","votes":0,"created_at":"2020-08-07T05:52:18Z"}]},{"id":100628,"entity_id":"wefunder:comment:100628","question":"And is there a discount rate attached to the standard terms?","author_name":"Francis Vu","votes":0,"created_at":"2020-08-04T21:11:07Z","canonical_url":"https://wefunder.com/petribioold#question-100628","answers":[{"id":100631,"entity_id":"wefunder:comment:100631","answer":"Hi Francis, there's no discount rate to the standard terms, but the early bird term has a lower cap value (4M). Also, for investors we know or put in above a certain threshold, we can potentially negotiate or even waive the fee. In addition, investing with IRA is also an option. If you want to know more, feel free to send an email to me!","author_name":"Shu Li","votes":0,"created_at":"2020-08-04T21:28:21Z"}]},{"id":100622,"entity_id":"wefunder:comment:100622","question":"Hi Shu, can you confirm if the $4M valuation cap are early bird terms?","author_name":"Francis Vu","votes":0,"created_at":"2020-08-04T20:43:10Z","canonical_url":"https://wefunder.com/petribioold#question-100622","answers":[{"id":100626,"entity_id":"wefunder:comment:100626","answer":"Hi Francis! Thanks for reaching out. Yes I can confirm for the first 100k early-bird investments, the cap is 4M. Please feel free to send email to shu@petribio.com if you have more questions!​","author_name":"Shu Li","votes":0,"created_at":"2020-08-04T21:06:26Z"}]}],"faq":[{"question":"Hi Shu, can you confirm if the $4M valuation cap are early bird terms?","answer":"Hi Francis! Thanks for reaching out. Yes I can confirm for the first 100k early-bird investments, the cap is 4M. Please feel free to send email to shu@petribio.com if you have more questions!​"},{"question":"And is there a discount rate attached to the standard terms?","answer":"Hi Francis, there's no discount rate to the standard terms, but the early bird term has a lower cap value (4M). Also, for investors we know or put in above a certain threshold, we can potentially negotiate or even waive the fee. In addition, investing with IRA is also an option. If you want to know more, feel free to send an email to me!"},{"question":"Hi, What's the goal 6 months from now? Who am I investing in when I invest in Shu Li?","answer":"6 months from now we will get more lab-based proof of concepts to show the effectiveness of peptides. For each peptide proved to be useful for an application (therapeutic function, metabolism regulation, etc), we will file a patent to protect the intellectual properties as well. I truly appreciate everyone that interested in our project and want to know more about us. Please feel free to send me an email at shu@petribio.com, and I'd love to schedule a zoom meeting to let you know more about o..."},{"question":"IS the 32+ terabytes of genomic data proprietary? or is the advantage you have is that you've found a better way to mine it?","answer":"Hey Glen, great question. The 32 Tb of data is from the Human Microbiome Project, it was generated with public funding and is publicly available. We get the benefit of mining it without having to reinvent the wheel in terms of massive data collection. Our edge is in how we analyze this data for potentially useful gene sequences, expressing them for the first time in a laboratory setting, testing them, and developing IP around specific use cases for them. Hope this helps! -Joe"},{"question":"You answered other questions, are you avoiding mine?","answer":"Hi Leonardo, we are so sorry for missing your question. For some reason we just can't see it on our end. I apologize for the inconvenience. Would you mind re-posting your question here? Happy to answer it!"}]}}}