5 Reasons Why TCA Invested in Single Pass

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Angel’s Angle: Why Did We Invest in Single Pass?

Single Pass is a local OC company solving the unique problem physicians face when conducting biopsies. David Friedman was the Deal Lead for Single Pass.

In today’s “Angel’s Angle”, David will be sharing the 5 reasons TCA Invested in Single Pass.

Interviewer (SR): Stefani Rios

Interviewee (DF): David Friedman

SR: Why did TCA invest in Single Pass?

DF: I believe in the overall product. They have this continuous innovation in an area that I saw was opportunistic, with a technology that could serve as a platform for future growth. I have certain criteria a company has to fulfill before I bring it to the rest of TCA for consideration:

1. Market Size Matters

DF: There is a market for cauterization of deep biopsies. The market started very niche; however there is potential to expand the market size. In the biopsy market there are a lot of potential problems. If a biopsy patient has complications it could lead to a longer hospital stay and more pain. So yes there is a demand for this product. SIngle Pass started with biopsies of breast tissue and they can go into other areas, such as the liver. It seemed to correlate with what the doctors were saying. I came to the conclusion that there is big potential to expand market size.

2. Unique Technology or IP is a Must

DF: Single Pass is the only electrical cauterization device that can fit inside a guidewire. Product patents are heavily reliant on the wording used within the patent. Based upon the team, it seemed like they had that patent locked up.

3. Have a Unique Business Model and Logical Financial Assumptions

DF: I don’t take the financials seriously. This sounds crazy, because we’re looking at an exit but I’m trying to understand the underlying logic of how they put together the financials. I look at the underlying...

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