Joyance Partners was founded in 2016 with the sole intention of finding and supporting companies that create what we call “Delightful Moments.”
We felt then, and now, that Delightful Moments are part of all human experience: the small, but powerful, separations from the daily humdrum when we feel stronger, calmer, more joyful, more in control, more distant from pain and anxiety. Emerging science and technology present the potential to deliver these experiences. Science can help individuals be a bit happier, which can lead to greater health. Or a little healthier, which can lead to greater potential for happiness.
Our funds are always on the lookout for the best entrepreneurs leading companies leveraging science to offer innovative worldwide solutions within Health and Happiness. In our constant quest to that end, about a year ago our attention was drawn toward the Indian startup ecosystem — India has witnessed the launch of more than 55,000 startups to date with more than 3,200 startups raising $63 billion in funding in the last five and half years alone (Inc 42).
Now, as Shakespeare said, is the winter of our discontent.
Covid keeps on coming, creating a third wave of infections that put the earlier upswells to shame. We are hunkered down, tired out, fed up, and strung out. People fret and businesses suffer.
What is an entrepreneur (last time I looked, entrepreneurs are people, too, subject to all the slings and arrows of human experience) to do during a dark moment like this? How can an emerging business move forward when everything is locked down?
Every entrepreneur is unique and every business different, but here are a few thoughts on…
It has been a long year. It feels like several long years, actually, jam-packed into a few dreary months. Locked down, cooped up, hemmed in, beset by a profusion of woes, wary of illness and peeking between our fingers to see what fresh Hell comes next. 2020 hasn’t been a romp in the sun.
So, this seemed an ideal moment to return to my penchant for trenchant quotations and this time to focus on….hope.
Let’s hold our heads up, look to the brighter tomorrow and know this, too, shall pass.
“They say a person needs just three things to be…
Neuroscience has always been a focus area for Joyance Partners and Social Starts, and should continue to be due to the large and clear unmet need. Stress, anxiety, mental illness, and their associated impacts are at all-time highs. People seem desperate for solutions.
Science points toward many potential new approaches. We also recognize that there could be successful products in this space based on pseudoscience or no science at all. Pure placebo effect or adept marketing can generate short-term market winners in brain and mood products. But our goal will be to winnow out those products quickly and not invest…
Scientific exploration of the microbiome represents the opening of one of the greatest new areas of science in decades, perhaps centuries. It has the potential to rival Einstein’s impact on physics or the double helix on understanding biology. While young, this area shows historic potential across a dizzying expanse of health and human experience.
The biome may be a main vector in how genetics and the body interact, explaining why similar genes can generate variable outcomes among populations. It may be the pathway by which the body influences the brain and vice versa. It could be the pathway for food…
Water is essential for life and central to innumerable human activities. So we feel water is a uniquely strong investment opportunity that, driven by global warming and other factors, is only getting stronger.
Even before COVID, people were growing increasingly interested in preserving access, assuring purity, and reducing the environmental impact of processing water. COVID, with its new focus on the home as life’s center, is accelerating that desire among people to control their water supply. …
Personal Robotics has historically been a small but solid focus area for our funds. We should continue this year as we did in 2019. That means looking hard at robots in medical/health, education, and vertical SaaS (outside manufacture). But we should only invest when we have a great entrepreneur, a great product, and a clear business model and path to exit. If we are doing our jobs right, these investments should be rare, but do quite well and seldom fail.
Our primary focus areas for the rest of this year should be
Education is part of health and happiness as a means of intellectual and financial empowerment and as a vector for delight. Happiness can be enhanced by the acquisition of new skills. Where education was once the province only of formal institutions and largely as part of long-term pedagogical programs, today education is becoming a pure consumer product. It is available by the course, by the class, or by the experience, whenever and wherever desired. …
XR (the new overarching term for VR and AR) is one of those areas that keeps looking promising, but never seems to happen. Throughout 2019 AR/VR was a market in turmoil and COVID made it worse: Headsets are too expensive for individuals to buy and use them at home, and COVID eliminated any chance for people to go to public spaces for XR experiences. The market, already shaky, essentially stopped.
The only area of XR with a pulse is in health.
With COVID limiting traditional in-person healthcare, Telehealth is booming. But remote care has one glaring weakness: the practitioner can’t…
The first venture fund focused on individual health experience, not process.