TruePill is quite a bit different from other venture-backed startups when it comes to funding and investor presentations — the company has basically used the pitch deck it created for Y Combinator's demo day for all three of its outside funding rounds.
That strategy saved them time and allowed them to focus on their business, which fills prescriptions for traditional and startup healthcare providers.Since cofounding TruePill four years ago, Viswanathan hasn't spent a lot of time worrying about pitch decks or even fundraising. In fact, despite raising three rounds of outside funding,, he and his partner, TruePill CEO Umar Afridi, have basically put together just one investor presentation.
Once part of the accelerator program, Afridi and Viswanathan figured it was a good time to raise funds. TruePill, which is based in San Mateo, California, in the heart of Silicon Valley, was taking orders and it already had revenue. The startup also had some of its technology built that would allow healthcare providers to integrate its ordering system into their websites. It seemed a good time to have Afridi focus solely on the business.
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