Page 74 - Forbes - Africa (March 2020)
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VERY GOLD RUSH ATTRACTS ITS
                                                                                                           shareofcharlatansandclaimjumpers.More
                                                                                                           thanahalf-dozenstartupsareusingthe
                                                                                                  Emicrobiomeasamarketingbuzzwordto
                                                                                                   sellstool-analysistests.Thekits,whichrequirethe
                                                                                                   consumertomailasmallsampletoalab,purport
                                                                                                   toconveyvaluablepersonalizedhealthdataand
                                                                                                   nutritionadvice.Thatdespiteaconsensusamong
                                                                                                   scientiststhatit’snotyetpossibletodrawuseful
                                                                                                   dietaryrecommendationsfromaperson’spoop.To
                                                                                                   avoidhostileoversightbytheFDA,thekitsellersare
                                                                                                   carefultomakenospecificclaimsaboutdiagnosingor
                                                                                                   treatingparticulardiseases.

                                                                                                      Fouryearsago,formerInfoSpacebillionaire
                                                                                                   NaveenJain,60,launchedBellevue,Washington-
                                                                                                   basedViome,whichsellsa$119“gutintelligence
                                                                                                   test”online.Afteranalyzingapea-sizedstoolsample,
                                                                                                   itsendscustomersacustomized60-pagereport
                                                                                                   withdietaryrecommendations“aimedatbalancing
                                                                                                   youroverallmicrobiome.”Itmightrecommend,for
                                                                                                   instance,increasingconsumptionof“superfoods”like
                                                                                                   alfalfasproutsandanchoviesoravoidinggreenbeans
                                                                                                   andkombucha.JainsaysViomehassoldmorethan
                                                                                                   100,000kitsandbankedmorethan$15millionin
                                                                                                   revenuelastyear.
                                                                                                      “Viome’sclaimsarenotsupportedbyany

           Medicine Show                                                                           scientificliterature,”saysJonathanEisen,amedical
           Viome founder Naveen Jain at company headquarters in a Bellevue, Washington,            microbiologyprofessorwhodirectsmicrobiome
           WeWork space. “The goal is to scientifically show that it’s not voodoo stuff or a placebo.”
                                                                                                   researchattheUniversityofCalifornia,Davis.
                                                                                                   “Whatthey’resayingis,infact,deceptive.”Adozen
              InsideVedanta’smazeoflabsandstorageroomsisanoversized                formerViomestafferssaytheybelievethecompanywassellinga
           freezercontainingfecalmatterfrom275donorsonfourcontinents,              productofdubiousvalue.Sixofthoseex-staffersdescribethefood
           includinganindigenoustribeinPapuaNewGuinea.Vedantais                    recommendationsas“pseudoscience.”
           isolatingandthentestingbacteriafromeachsampleinthehopeof                   “Anyonewhosaysthisdoesn’tunderstandhowourscienceworks
           determiningwhichstrainsmakethemosteffectivedrugs.                       andhowwemakerecommendations,”Jaincounters.“It’snotmyjob
              AwiryCatalanimmigrantwithclose-croppedsalt-and-pepperhair            toconvinceeveryone;it’smyjobtocontinuetohelpmaketheworlda
           whobicyclestowork,OllecametotheU.S.in2002tostudychemical                betterplace.”
           engineeringatMIT,wherehefocusedontheemergingscienceofusing                 Anonstoptalkerpronetoenthusiastic,stream-of-consciousness

           liveorganismslikebacteriatoproducedrugs.In2007,afterearning             self-promotion,JainimmigratedtotheU.S.fromIndiain1982and                 Photograph bY Michael Prince FOR FORBES; tim pannell for forbes; ethan pines for forbes
           bothanMITdoctorateandanMBAfromtheSloanSchool,hejoined                   workedatMicrosoftfrom1989until1996,whenhefoundedInfoSpace,
           PureTechHealth,aBostonbiotechfirm.                                      alsoinBellevue,whichdeliveredinternetcontenttoearlycellphones.
              In2010PureTechbackedhiminlaunchingVedantawithfive                    Hisnetworthballoonedto$8billion,thencrashedto$220million
           cofounders,allscientists,includingbignamessuchasKenyaHonda,             whenthefirstinternetbubbleburst.Afloodofshareholdersuits
           amicrobiologyprofessoratKeioUniversitymedicalschoolinTokyo.             followed,andtheInfoSpaceboardfiredhimasCEOinlate2002.
           Hondahadpublishedaground-breakingpaperontheconnection                   BeforeheleftInfoSpace,heboughta$13millionstuccomansiononthe
           betweengutbacteriaandregulatoryTcells,knowntoprevent                    shoresofLakeWashingtonnotfarfromJeffBezos’andBillGates’pads.
           inflammatorydiseases.“ThinkofthemastheU.N.peaceforcesofthe                 Despitehavingnobackgroundinscienceormedicine,Jainhas
           intestine,”Ollesays.“Honda’sworksuggestedthatthecellsencodedin          managedtoraise$75millionfrominvestorsincludingBenioffand
           humanDNAareinfluencedbythebacteriathatlivewithinyou.”                   Khosla.Bothdeclinedtocommentontheirmicrobiomeinvestments.
              “Thisworkhasforcedmetorethinkwhatitmeanstobehuman,”                  ButAlexMorgan,aKhoslaVenturesprincipalwithanM.D.andPh.D.
           Olle says. “We are not just the product of the Homo sapiens genome.”    from Stanford, suggests Khosla’s decision to back Viome has nothing to





           70 |  FORBES AFRICA MARCH 2020                                                                                               FORBESAFRICA.COM
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