Is your total addressable market 3 billion or 47 billion?

Dear Mr. Tolchinsky: The total market for veterinary services (including imaging) which we could potentially serve is about $47B. However, this figure includes many small practitioners who cannot afford to upgrade to our device in the near future. We therefore believe that $3B is a closer estimate to our total available market. I hope this answers your question, please feel free to seek additional clarification.

Hi! With so much success on this team, why not build a working prototype first, then crowd fund with a higher valuation? Why so early?

We could build a system and show it at trade shows, but that would take longer. Also, we would like to reward early investors with an initially-low valuation.

I'm trying to get a handle on your projected financials and potential early growth path. A few questions to that end: 1) Projections: Your page notes "Within 5 years, our goal is to be the standard for MR imaging and MR-guided therapy in the veterinary field" and "We hope to g...

Dear Deric:Please see responses to your very perceptive questions:1. Is $1M/year a multi-year average? We expect to sell $1M per year in the first year, selling to customers who have already purchased PET scanners from our team. 2. Where do you see revenue 5 years from now, and how do you see that mix splitting out between equipment purchase, recurring supplies, and therapy services? Our projections in 5 years are $80 million in revenues, of which $60 million will be for equipment purchases, ...

Hey good day I was wondering how would the investor get paid an what percentage. 2 will it be every quarter

Dear Don: When you're investing on a SAFE, you receive equity once the company issues shares through a financing event (usually raising money from institutional investors). At that point, you'll have equity and receive a positive return once you're able to sell that equity at a higher price (through the company's acquisition or IPO). In short, the outcomes of early-stage are binary--you either don't receive a return or you could potentially receive a large return if the company has a successf...

In terms of investing in this opportunity, taking a positive approach ( everything going to plan and beyond ) , what can I expect from my investment in terms of profitability in the most positive scenario?

Dear Don: The terms of the investment (including multiple foreseeable risks) are discussed on the WeFunder website in detail. In the most positive scenario (again taking risks into account), Robovet Corporation is acquired at a $100-million-plus valuation by a company already active in the pet-services market within several years. In that case, you would realize a high rate of return on your investment (since you had come in at a $3 million valuation). My personal experience with startup...

Robovet Updates, Team, and Funding Progress | Wefunder, Home of the Community Round

Proprietary imaging technology with 18 granted patents, 100 patents pending.

Founder started 4 companies valued at $100m+. Built medical imaging devices used by a million people.

Less than 1/4th the cost of conventional diagnostic MRI systems.

Advisor and investor helped start 200+ companies with multiple 100m+ exits.

Versatile technology applicable to horses and companion pets with an estimated $3.1 billion addressable market for compact diagnostic MRI.

Veterinary services market projected at $47.3 billion in 2020.

Strong team of radiologists, physicists and engineers with current success developing veterinary imaging technology for horses and people.

Robovet

Revolutionary new imaging and robotic technology for pets

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