What… what is going on here?
Remember the guy who started a company aiming to replace New York’s beloved bodegas, earning it the title of “America’s most hated startup”? Well, he’s back — and he wants to do pharma on the blockchain.
Less than two months after stepping down as CEO from yet another startup, serial entrepreneur Ryan Breslow is, as The Information reports, back at it again. This time, he’s teaming up with JR Rahn of the publicly-traded psychedelic grower MindMed and Ashwath Rajan, the other founder of the Bodega vending machine company that was renamed Stockwell AI in an unsuccessful attempt to save it from inevitable demise.
Rahn told The Information that the new venture, Love Health, looking to bring “solutions to the opioid crisis” as it seeks Food and Drug Administration approval for clinical trials of its pharmaceutical offerings. The startup’s founders are also considering paying drug trial participants using a cryptocurrency token issued by Love Health.
Breslow said in a tweet that Love Health will be “the first holistic approach to people-powered-pharma.” He added that his involvement will be “small/part-time” as he stays on as full-time chairman at Bolt, the one-click checkout company he dropped out of Stanford to found that most recently was in the news after he stepped down as CEO in January 2022 following a series of Twitter screeds in which he called the famed Y Combinator (YC) startup incubator and Stripe, which YC helped fund, a pair of “mob bosses.”
Serial Startup Killer
In Silicon Valley, guys like Breslow — who, along with Bodega/Stockwell, Love Health, and Bolt, also c0-founded The Movement nonprofit dance studio in Miami and the fintech startup Eco — are a dime a dozen. What’s less common, however, are so-called “gurus” like Breslow whose terminal startup brain-induced hubris is matched by the ire they draw from tech critics.
It’s unclear so far what Love Health will even make, how the crypto portion of the scheme will work, or who’s going to fund them, but with the guys behind the bodega vending machine at the helm, the outlook doesn’t look too good.
READ MORE: Bolt’s Breslow Teams With Psychedelics Founder on Crypto Pharma Startup [The Information]
More on startup schemes: Weird Startup Proposes Dropping Artificial Human Organs From Space
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