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Adam Salamon - Pression LLC
Adam Salamon is an entrepreneur at heart he spent his life thinking of ways to do a simple thing better to make a real impact in people's lives he is the CEO and founder of Pression LLC Pression's patented noninvasive smart compression platform the wave increases circulation bodywide and improves cardiac function
The technology behind Pression actually started out as military technology. It was something that was intended to help women and men in uniform with their endurance challenges. Members of our military are expected to maintain readiness to protect themselves at any point in time when they're deployed and they often are carrying loads on their backs and we were trying to figure out how do we improve their abilities to maintain readiness without getting tired as quickly.
The technology behind Pression actually started out as military technology. It was something that was intended to help women and men in uniform with their endurance challenges. Members of our military are expected to maintain readiness to protect themselves at any point in time when they're deployed and they often are carrying loads on their backs and we were trying to figure out how do we improve their abilities to maintain readiness without getting tired as quickly.
my number one job never run out of money we are currently raising our pre-seed round and we have been very fortunate to have the number of leadoff investors who have really gotten that rolling we originally set out to raise $500,000 on convertible note and we found ourselves in an oversubscribed situation where we had more interest in the rounds than we anticipated and move Sensex bandit and we're now looking to close at 750,000 so there's still some space in the round, we're still interested and actively talking to investors risky but when we go into our seed grounds which will be focused on our clinical trial and it's we are on track right now that's as we talked earlier I was very pleased to hear that you really really come up a long way in your initial seed round the next expedition so we call it right the expansion I'm sure will come quickly after because other people understand the importance of this particular type of item for anyone how long but we'd like to chime in 8% in roble note with a 25% disk OK that's important yes yes we are I think we price this round oh I should say that's in a $5 million valuation cap priceless round I would like to say aggressively and competitively because we want to reduce the barriers know early we know there's a lot of risk we wanted to reduce the barriers through investors being willing to come in this round in this early on a device like ours yes indeed