{"id":189110,"date":"2017-04-23T00:50:16","date_gmt":"2017-04-23T04:50:16","guid":{"rendered":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/venture-capitalists-look-beyond-tech-to-the-dietary-supplements-los-angeles-times\/"},"modified":"2017-04-23T00:50:16","modified_gmt":"2017-04-23T04:50:16","slug":"venture-capitalists-look-beyond-tech-to-the-dietary-supplements-los-angeles-times","status":"publish","type":"post","link":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/food-supplements\/venture-capitalists-look-beyond-tech-to-the-dietary-supplements-los-angeles-times\/","title":{"rendered":"Venture capitalists look beyond tech to the dietary supplements &#8230; &#8211; Los Angeles Times"},"content":{"rendered":"<p><p>    How do you stay sharp and fit despite fatigue and age? By    consuming substances extracted from blueberries, flowers and    algae, say the makers of a new group of unregulated and    unproven health pills.  <\/p>\n<p>    Trusting natural chemicals to solve inevitable ailments is    familiar to anyone who has visited a GNC store or contributed    to the $30 billion spent annually in the U.S. on dietary    supplements.  <\/p>\n<p>    But the new supplement firms are grabbing attention because    theyre founded and funded by people more at home at a Silicon    Valley technology campus than a late-night infomercial.  <\/p>\n<p>    Led by tech world veterans and funded by venture capitalists,    dietary supplement start-ups such as Ritual, Elysium and    Nootrobox are peddling daily multivitamins and energy-boosting    gels with transparency and testing thats turning heads in the    industry. Theyre taking the unusual steps of pointing to    studies that justify ingredient choices and even publishing    full lab test results.  <\/p>\n<p>    Were not introducing a new drug or something very different,    Ritual Chief Executive Katerina Schneider said. Were making    something a lot better. The industry needs this disruption.  <\/p>\n<p>    Thats plausible in an industry long associated with unreliable    promises and dodgy characters. And the start-ups deep pockets    and tech pedigree may cut through skepticism and instill a    sense of authenticity craved by younger customers.  <\/p>\n<p>    But there are signs that these start-ups, like many supplement    companies before them, leave out key facts and overstate health    claims.  <\/p>\n<p>    Supplement start-ups are gaining traction as venture    capitalists spread hundreds of millions of dollars in cash to    lucrative areas beyond apps and gadgets.  <\/p>\n<p>    The investors are lending their credibility from successful    bets on Snapchat, Uber and Dollar Shave Club to offbeat ideas    in food and health. They're backing products that resemble eggs    and meat  hoping to produce them in more environmentally    friendly ways  and start-ups seeking to turn breakfast, lunch    and dinner into slurpable meal-replacing drinks.  <\/p>\n<p>    Investors expect big paydays because of several apparent    cultural shifts. People now are accustomed to paying monthly    for a ration of products and services, whether its supplements    or shows on Netflix. Having the Internet at their fingertips    all day has made younger consumers more attuned to what they    eat  and they prize products that are cheap, simple and    affordable.  <\/p>\n<p>    Those desires are at odds with business models of struggling    retailers such as GNC, but neatly addressed by the start-ups.  <\/p>\n<p>    The firms also aspire to be more than pill pushers. By adding    services such as coaching and offering online videos on healthy    living, the start-ups could be as essential to millennials as    Centrum or Weight Watchers are to seniors.  <\/p>\n<p>    About half of U.S. adults and a third of children take    supplements: some by choice, some by doctors' orders, some    because they believe that their dietary restrictions (vegan,    dairy-free, etc.) leave them unfulfilled. The tech-backed    approaches could convert the other 50%, which skews younger,    investors say.  <\/p>\n<p>    Elysium and Nootrobox each say they have tens of thousands of    subscribers, and Ritual reports 500% growth in subscribers    since Jan. 1.  <\/p>\n<p>    Many others are getting involved. Actress Gwyneth Paltrows    online shop Goop peddles pill packs such as High School    Genes. Life Boost sells a blender that mixes powders into    vitamin shots, claiming that drinking vitamins leads to    better absorption.  <\/p>\n<p>    Supplements can launch and boast about improving health without    approval of the Food and Drug Administration, as long as they    aren't claiming to treat or prevent specific diseases.  <\/p>\n<p>    The policy enables companies to sells billions of dollars of    goods without authenticated evidence of their worth. Though    companies typically stick with ingredients the FDA deems safe,    the agency doesnt test the combinations found in supplements.  <\/p>\n<p>    Its not to say these products dont have a role in health,    but we dont have a lot of clinical trials investigating that    question, said Regan Bailey, a Purdue University associate    professor of nutritional science.  <\/p>\n<p>    The start-ups websites tout research that they argue justifies    ingredients and sometimes suppliers. They are far more specific    than traditional supplement websites, where suppliers go    unnamed and relevant studies arent cited.  <\/p>\n<p>    But researchers the start-ups mention arent ready to recommend    the pills.  <\/p>\n<p>    Many study authors expressed surprise that their work has been    referenced and shared their dismay about how their findings had    been portrayed. The Los Angeles Times contacted authors of    about 40 studies described on Rituals website, 10 from Elysium    and seven from Nootrobox. Altogether, more than a dozen authors    raised concerns.  <\/p>\n<p>    Rituals semi-clear, vitamins-and-minerals pill aims to give    women more vibrant lives and looks. Backed by $5 million and    inspired by its founders pregnancy-fueled search for safer    products, Ritual promises an obsessively researched vitamin    directly to your door. It paraphrases studies into short    declarations on its website, identifying only the authors, not    the works themselves.  <\/p>\n<p>    Purdues Bailey, who is mentioned on Rituals iron webpage, and    several others described the companys conclusions as unsound.  <\/p>\n<p>    Sarah Booth of Tufts University said that by condensing her    work into food sources for K2 are difficult, Rituals site is    incorrect because she has found that the vitamin is abundant in    pork and dairy products. In addition, Booth said theres no    established dietary requirement for K2, making it difficult to    argue that people dont get enough.  <\/p>\n<p>    Ritual intended to provide a synopsis that the non-scientist    could wrap her head around, founder Schneider said. Studies    didn't get links because of regulatory concerns and authors    werent contacted since the works were in the public domain.    Schneider also thought that the presentation wouldnt mislead    consumers into assuming that the scientists endorsed the    product.  <\/p>\n<p>    But a Los Angeles Times inquiry prompted Harvard University    professor Goodarz Danaei to have a school attorney request that    Ritual remove a reference to his study about omega-3 oil.    Danaei said the company complied. He had concerns because he    examined fish-based oil, not the algae-based variety that    Ritual employs. The company contends that the options are    scientifically equivalent.  <\/p>\n<p>    With Elysium, several researchers described feeling conflicted    about the New York City firms efforts. The company     co-founded by a former venture capitalist and a Massachusetts    Institute of Technology researcher  has received more than $20    million to produce sand-colored pills to combat aging. They say    ingesting chemicals in quantities not feasible to attain    through consuming blueberries, grapes and milk kicks the body    into a state of hunger that extracts more life out of cells.  <\/p>\n<p>    Professors whose studies Elysium cites online question its    speculative science (theres no evidence that Elysium is using    the right dosage, for example), though some are intrigued by    its unconventional approach.  <\/p>\n<p>    Company officials are right that the FDA is not likely to    approve a drug to extend lifespan, so a vitamin supplement with    the prospect to do so  is a soft approach to the problem,    said Anthony Sauve, an associate professor of pharmacology at    Cornell University, whose work Elysium    references.  <\/p>\n<p>    Elysium reached out to several researchers, but not everyone    who is referenced on its website.  <\/p>\n<p>    Even scientists contacted by companies early on found issues    with later references to their work. Matthew Pase, a fellow in    Boston Universitys neurology department, said Nootroboxs    website wrongly implies that his study found that the plant    Bacopa monnieri improved memory. Nootrobox executives said the    companys citations and explanations could have been clearer.  <\/p>\n<p>    Nootrobox, based in San Francisco and financed by investors    such as Yahoo Chief Executive Marissa Mayer, churns out several    pills and gummies that aim to help ambitious people stay    alert, executives say. That would include its techie    co-founders, who concocted drinks and slipped powdered herbs    under the tongue in hopes of extending workdays better than    coffee does.  <\/p>\n<p>    Nootrobox could face scrutiny for including links on its    website to studies about diseases. For example, text on one    ingredient webpage could be seen to imply that Nootrobox pills    guard against Alzheimer's disease and dementia.  <\/p>\n<p>    Chief Executive Geoffrey Woo said ingredient pages dont have    buy buttons for fear of that very implication. Woo sees the    ingredient guide as distinct, but he said he can see where the    confusion is. The company removed some disease references    after a Los Angeles Times inquiry.  <\/p>\n<p>    Start-ups must balance their enthusiasm and blue-sky thinking    with the realities of a precarious industry, said Duffy MacKay,    senior vice president of science and regulatory affairs at    industry trade group Council for Responsible Nutrition.  <\/p>\n<p>    Ritual, Elysium and Nootrobox dont do their own verification    of suppliers labor and environmental practices. But all say    that they put pills through quality control  and that    consumers havent had issues yet. Theyre all preparing the    type of product-effectiveness studies that the academic    community wants to see.  <\/p>\n<p>    For people who receive plentiful nutrients through food,    supplements remain unnecessary, according to healthcare    experts. In some cases, theyre viewed as harmful because    chemicals may produce unreliable effects outside the items in    which theyre normally found.  <\/p>\n<p>    Elysium Chief Executive Eric Marcotulli acknowledged that    theres a lot of work to do on the research front, but said    the company believes the right thing is allowing the public    to join the experiment.  <\/p>\n<p>    We shouldnt have to wait until were broken to fix    something, he said.  <\/p>\n<p>    Those who abstain are missing out and thus worse off,    Nootrobox co-founder Michael Brandt said. If something can    improve your work performance, and the effects compound, its    better to start sooner than later, Brandt said.  <\/p>\n<p>    <a href=\"mailto:paresh.dave@latimes.com\">paresh.dave@latimes.com<\/a> \/ PGP  <\/p>\n<p>    Twitter: @peard33  <\/p>\n<p>    ALSO  <\/p>\n<p>        FCC clears way for big TV mergers, eases broadband price    limits  <\/p>\n<p>        Trump administration launches national security investigation    into steel imports  <\/p>\n<p>        Tesla recalls some Model S and Model X cars for parking brake    problem  <\/p>\n<p><!-- Auto Generated --><\/p>\n<p>Read the rest here:<\/p>\n<p><a target=\"_blank\" rel=\"nofollow\" href=\"http:\/\/www.latimes.com\/business\/technology\/la-fi-tn-venture-capital-nutrition-supplements-20170421-snap-20170420-story.html\" title=\"Venture capitalists look beyond tech to the dietary supplements ... - Los Angeles Times\">Venture capitalists look beyond tech to the dietary supplements ... - Los Angeles Times<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> How do you stay sharp and fit despite fatigue and age? By consuming substances extracted from blueberries, flowers and algae, say the makers of a new group of unregulated and unproven health pills. Trusting natural chemicals to solve inevitable ailments is familiar to anyone who has visited a GNC store or contributed to the $30 billion spent annually in the U.S.  <a href=\"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/food-supplements\/venture-capitalists-look-beyond-tech-to-the-dietary-supplements-los-angeles-times\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[187737],"tags":[],"class_list":["post-189110","post","type-post","status-publish","format-standard","hentry","category-food-supplements"],"_links":{"self":[{"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/posts\/189110"}],"collection":[{"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/comments?post=189110"}],"version-history":[{"count":0,"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/posts\/189110\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/media?parent=189110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/categories?post=189110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/tags?post=189110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}