Digital Sleep Therapy
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A digital therapy platform called Shuni that helps people fix insomnia through skills-based coaching rather than medication, combining licensed doctors and app-based therapy to target the massive sleep disorder market.
Core Elements:
- Targeting 75M Americans (25% of population) who have insomnia
- $75B annual market for sleep aids
- Alternative to traditional pills and sleep aids that have side effects
- Combines app-based coaching with licensed medical professionals
Key Differentiators:
- Partnership with Matthew Walker (bestselling author of "Why We Sleep")
- Skills-based approach instead of medication
- Clinically verified results through habit-based app therapy
- Targeting broader mental health: insomnia, depression, and anxiety markets
- Total addressable market 50x larger than meditation apps
Business Model:
- $100 per session with 25% net margin
- 3-month customer payback period
- Corporate plans for employee benefits
- Additional funding through NIH grants ($500k secured, $2B+ available)
Growth Strategy:
- Converting waitlist to paying customers
- Expanding coaching team
- Rolling out corporate/enterprise plans
- Leveraging three major trends:
- Success of app-based coaching (Calm, Headspace)
- Growing acceptance of telemedicine
- Rising rates of insomnia/anxiety due to technology and pandemic
Current Raise:
- Seeking $2M to reach 5,000 paying customers
- Target: $1M ARR milestone
- Partnership with NIH secured
01:58 - 14:57
Full video: 21:06SP
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.