$5B+ Market · 13.6% CAGR · Projected $17.7B by 2034

Clinical trials cost $30–50K
per patient.
Most of it is admin.

Genei replaces the admin with AI. We match willing donors to research facilities at 80–90% lower cost — in seconds, not weeks.

Abstract DNA and biotech visualization
$450K–1.2M
Year 1 Revenue
97%
Gross margin per draw
<12 mo
To profitability

Everybody takes a cut. Except the patient.

Hospitals save extra tissue and blood that would otherwise be discarded. Freelancers buy it. Regional procurement companies buy it from them. National procurement companies buy it from them. CROs (Contract Research Organizations) buy it from them. Researchers finally get the specimen — after 4-5 middlemen each took a margin. The patient who donated? They got $0.
Today's supply chain
🩸
Patient
Gets $0
✂ cut
🏥
Hospital / Clinic
Keeps margin
✂ cut
📦
Regional Procurement
Keeps margin
✂ cut
🏢
National Procurement
Keeps margin
✂ cut
💼
CRO
Keeps margin
🔬
Researcher
Pays $30-50K
5 middlemen, each taking margin
Specimens may be old, poorly documented
4-8 weeks to fulfill
Genei's supply chain
🩸
Donor
Gets $20-$650
AI match
Genei
AI matching
+ logistics
Fresh specimen
🔬
Researcher
Pays $2-8K
Direct donor relationship — no middlemen
Fresh, on-demand, richly profiled
<30 seconds to match

Two brands, one platform

A donor-facing brand that builds the database. A research-facing brand that monetizes it. Connected by an AI matching engine.

Genei Rewards
Donor-facing · Consumer marketplace
  • Free to join. Get paid $20 for your first blood sample.
  • Earn $50-500 per donation depending on study needs
  • Your profile gets more valuable over time
  • "Get paid to watch Netflix" — comfortable donation experience
  • Digital consent, scheduling, payment — all in-app
Genetic Inception
Research-facing · B2B platform
  • Upload study protocols — AI parses eligibility criteria instantly
  • Search and filter donor pool by blood type, markers, conditions
  • Per-match placement at 80-90% less than traditional CRO cost
  • Subscription access for repeat research organizations
  • Longitudinal cohort tracking for ongoing studies

AI replaces the admin. Professionals do the licensed work.

Every step of traditional biospecimen recruitment is manual, slow, and expensive. We automate the admin, coordination, and overhead that dominates traditional costs.

Blood sample vials in research laboratory
Process Traditional CRO Genei
Patient identification Manual screening, weeks AI matching, seconds
Eligibility parsing Human review of protocols NLP auto-parse study criteria
Donor communication Call centers, mail Automated SMS/email/app
Scheduling Admin staff coordination AI scheduling with draw sites
Consent management Paper forms, in-person Digital consent, e-signature
Donor retention Manual CRM follow-up Automated lifecycle engagement
Overhead Office, HR, middle management Lean team + AI ops

We built this once before. Now we can actually win.

In 2019, we co-founded Genetic Inception — same concept, same founders. COVID killed the timing. But the core insight was right, and everything that was hard then is easy now.

📅

2019: Right idea, wrong tools

Matching donors to studies required manual data review, human phone calls, and paper consent. The admin cost we were trying to eliminate — we had to recreate it ourselves. We needed 20 employees to do what AI now does in seconds.

2026: AI-native from day one

NLP parses study protocols instantly. AI matches donors to eligibility criteria in seconds. Automated consent, scheduling, and donor communication. Two founders can run the entire operation that would've required a 20-person team in 2019.

💪

Unfair advantage: we've done this

We know the regulatory landscape, the draw site economics, the donor acquisition playbook, and where the last attempt stalled. We're not learning — we're executing with better tools.

Nobody owns the donor

Existing players either aggregate from biobanks or operate as full-service CROs. Nobody is building a direct-to-donor AI marketplace.

Traditional CROs iSpecimen Genei
Model Full-service recruitment Biobank aggregator marketplace Direct-to-donor AI marketplace
Specimen source Hospital networks, sites Existing biobanks Own donor pool (fresh, on-demand)
Cost per specimen $30,000–$50,000 $8,000–$15,000 $2,000–$8,000
Time to match 4–8 weeks 1–3 weeks < 30 seconds
Donor relationship None (hospital-owned) None (biobank-owned) Direct — donors are paid, profiled, retained
AI operations None Partial End-to-end
Donor incentive $0 to patient $0 to patient $20–$500 per donation
Revenue $B+ (Covance, ICON, PPD) $1.93M in 2025 (down 79%, going concern) Pre-revenue (Year 1 target: $300K–$600K)
Primary Competitor

iSpecimen (ISPC) — and why we win

iSpecimen is the closest comparable — a publicly traded biospecimen marketplace. But they're in trouble: revenue fell 79% to $1.93M in 2025, they carry going concern risks, and Nasdaq compliance issues. Their model has a fundamental weakness: they don't own the supply.

iSpecimen's model
  • Aggregates from existing biobanks and hospital networks
  • Dependent on third-party inventory — limited control over supply
  • Specimens may be old, stored, or limited in metadata
  • No direct donor relationship or retention
  • Patients get paid $0 — hospitals and biobanks keep the margin
Genei's model
  • Builds its own donor pool — direct relationships
  • Fresh specimens collected on-demand, not pulled from storage
  • Rich, growing donor profiles (longitudinal data = premium pricing)
  • Donors are incentivized, retained, and profiled over time
  • 80%+ lower cost basis because we cut out the middleman

iSpecimen publishes their highest-demand inventories

Their "ready to ship" categories tell us exactly which conditions researchers are buying. We use this as a targeting roadmap for donor acquisition — recruit the people they can't find fast enough.

Colorectal Cancer
Breast Cancer
Lung Cancer
Ovarian Cancer
Pancreatic Cancer
Brain Cancer
Alzheimer's Disease
Parkinson's Disease
Multiple Sclerosis
Healthy Normal Patients
Remnant Diagnostic Specimens

Other competitors in the space: BioIVT, Cureline, The Sample Network, Novaseek, NDRI. All operate the same old model — source from hospitals and biobanks. None build direct donor relationships. None pay the donor.

iSpecimen just launched an AI matching agent (March 2026) — they're scrambling to modernize. But bolting AI onto a broken supply model doesn't fix the core problem. We're AI-native from day one with a fundamentally better supply chain.

The strategic advantage: People with these conditions already know they're sick. They're in support groups, online communities, and doctor's offices. They're findable through Meta ads with condition-specific targeting. And with Genei's tier system, they discover their blood is worth $200–$650 per sample — not $0 like the hospital gives them.

Original co-founders, reunited with better tools

We built the first version of this in 2019. COVID killed the timing, not the idea. Now we're back with AI ops, automation expertise, and the same domain knowledge — ready to execute.

Steven Ellis
CEO · Growth & Platform
  • DTC operator and growth strategist
  • Scaled $100M+ in Meta ad spend across 100+ brands
  • Builds AI-driven marketing and operations systems
  • Full-stack platform development capability
  • Owns donor acquisition, platform build, and operations
Rob Eriksen
CTO · AI Ops & Research Sales
  • MDR Senior Cyber-Ops Trainer at Sophos
  • Tier III Cyber Analyst · AI Prompt Engineer
  • Python automation · Data analysis pipelines
  • Pepperdine University graduate
  • Owns research client acquisition, AI matching engine, and data ops
$200K

20% equity · $800K pre-money · 12 months to profitability

20%
Equity
$450K-1.2M
Year 1 Revenue
87%
Gross Margins
Cost per specimen acquired
Traditional CRO
$30-50K
iSpecimen
$8-15K
Genei
$2-8K

Aligned incentives. Founders eat what they kill.

$800K pre-money valuation. $1M post-money. Minimal base salaries with upside tied directly to performance.

💰

Equity Structure

Investor 20%
Steven Ellis (CEO) 50%
Rob Eriksen (CTO) 25%
Option pool 5%
📈

Founder Compensation

$3K/mo base each. 15% of monthly gross profit split between founders. No profit = no bonus.

Base salary (each) $3K/mo
Performance kicker 15% gross profit, split
Total base draw (12 mo) $72K
Remaining capital to growth $128K

Investor Protections

• Board seat or board observer rights
• Pro-rata rights on future rounds
• Quarterly financial reporting
• Anti-dilution protection (weighted average)
• Right of first refusal on founder share transfers
• Standard drag-along / tag-along provisions

Revenue model & unit economics

Per-placement fees anchor the model. Database subscriptions and feasibility searches add recurring revenue as the donor pool grows.

Per-Match Placement
Qualified specimen delivered to study specs
$2,000-8,000
Feasibility Search
Search/filter donor pool before committing to a study
$500-2,000
Database Subscription
Ongoing access for repeat research organizations
$5K-25K/mo
Longitudinal Cohort
Recurring access to same donor group over time
Negotiated
$1,500
Avg per specimen
3–8x
Specimens per draw
$4.5–12K
Revenue per draw
97%
Gross margin per draw

One blood draw. Eight specimens. $12,000.

A single 40mL draw is processed into multiple specimen types — each matched to a different study. One donor visit generates the revenue of eight placements.

🩸
40mL draw
5 minutes
Processing
Centrifuge + separation
🔬
8 specimen types
Each to a different study
Whole Blood
Serum
Plasma
PBMCs
Buffy Coat
DNA Extract
RNA Extract
Aliquot Reserve
$12K
Revenue (8 x $1,500)
$400
Cost (donor + draw + ship)
=
$11,600
Gross profit per draw

Where the money goes

$128K in operations. $72K in founder base salaries ($3K/mo each) + 15% gross profit kicker. Built to reach profitability before the capital runs out.

Category Phase 1 (Mo 1-3) Phase 2 (Mo 4-6) Phase 3 (Mo 7-12) Total
Legal & regulatory $4,500 $500 $2,000 $7,000
Business formation $1,500 $1,500
Ad spend (donor acquisition) $7,000 $9,000 $18,000 $34,000
Donor incentives $10,000 $6,000 $12,000 $28,000
Draw site fees $7,500 $4,500 $9,000 $21,000
Logistics / shipping $3,000 $6,000 $9,000
Sales expenses $2,000 $3,000 $5,000
Ops hire (Phase 3) $15,000 $15,000
Platform / hosting / misc $1,200 $500 $1,200 $2,900
Founder base salaries (2 x $3K/mo) $18,000 $18,000 $36,000 $72,000
Total $49,700 $43,500 $102,200 $195,400

Three phases to profitability

Build the supply side first, prove the match, then scale. Physical Genei studios come only after the marketplace proves out.

Phase 1: Validate & Build
Months 1-3
Build donor database + land first research client in Philadelphia
  • Build donor sign-up platform and AI matching engine
  • Launch Meta ad campaigns in Philly metro targeting donors
  • Partner with 2-3 mobile phlebotomy services for blood draws
  • Healthcare attorney confirms marketplace positioning
  • Target: 500 profiled donors in database
  • Begin outreach to university research labs (Penn, Temple, Drexel, Jefferson)
$50K
Investment
$0
Revenue
Phase 2: First Revenue
Months 4-6
First draws, prove multi-specimen unit economics
  • First matched specimens delivered to paying research clients
  • Prove the multi-specimen model: 3-5 placements per draw
  • Research client self-serve portal launch
  • Donor referral program ("invite a friend, you both get $20")
  • Target: 1-3 active research clients, 15-30 donor draws
$44K
Investment
$70-180K
Revenue
Phase 3: Scale
Months 7-12
Expand to 2nd metro, scale draw volume
  • Expand to NYC, DC, or Boston (major research hubs)
  • Target: 2,000+ donors, 50+ draws/month (150-400 placements)
  • Hire operations coordinator for logistics and draw site management
  • Explore first physical Genei studio in Philly (the Netflix experience)
  • Database subscription revenue from repeat research orgs
$102K
Investment
$0.5-2.4M
Revenue

The multi-specimen multiplier changes everything

Each donor draw yields 3-8 specimens for different studies. We project conservatively at 3 matched specimens per draw, with upside to 5+. Even the conservative model returns profit on $200K invested in Year 1.

Projected Monthly Revenue (Moderate)
$0
M1
$0
M2
$0
M3
$15K
M4
$36K
M5
$60K
M6
$90K
M7
$120K
M8
$150K
M9
$180K
M10
$210K
M11
$250K
M12
Metric Conservative Moderate Aggressive
Donors in database 1,000 2,500 5,000
Active research clients 3 8 15
Donor draws (Year 1) 100 200 400
Avg specimens matched per draw 3 4 5
Total placements 300 800 2,000
Avg per specimen $1,500 $1,500 $1,500
Revenue $450K $1.2M $3M
Total expenses $130K $350K $680K
Net profit $320K $850K $2.32M

Profitable Year 1. That's not normal.

Most marketplaces burn cash for a decade before turning profitable. Genei's asset-light model, multi-specimen yield, AI ops, and 97% per-draw margins mean we don't need to.

Uber
14 yrs
to profitability
Airbnb
8 yrs
to profitability
DoorDash
11 yrs
to profitability
Genei
<1 yr
to profitability

Eyes wide open

Regulatory surprise
Healthcare attorney consultation before launch. Marketplace positioning (not biobank, not provider, not CRO) avoids most regulation.
Donor acquisition cost
Steven's Meta ads expertise. $20 first-sample incentive. Viral "get paid for Netflix" hook. Proven DTC acquisition playbook.
Slow research sales cycle
Start with university labs (faster procurement than pharma). Offer discounted pilot placements to prove reliability.
Cold chain logistics
Partner with existing specimen logistics companies (World Courier, Marken). Don't build what already exists.
iSpecimen competition
Different moat: direct donor relationships vs. biobank aggregation. Better margins, fresher specimens, faster matching.