The Nugget

Offline Ventures, co-founded by Brit and Dave Morin, aims to drive innovation in mental health and technology with support from Apple, integrating these advancements into Apple's product ecosystem.

Make it stick

💡 Mental health focus: Offline Ventures integrates mental health initiatives into technology, particularly in partnership with Apple.
💰 $100 million fund: Successfully raised during the pandemic, showing investor confidence and strategic networking.
🚀 Incubating startups: Besides investing, Offline Ventures actively incubates new projects, such as Ancient Ritual, a multisensory connected sauna.

Offline Ventures was founded by Dave and Brit Morin, along with former Apple senior director James Higa and Tonal co-founder Nate Bosshard.
The firm aims to infuse their experience in mental health and hardware into Apple's future developments.

Mental health is a significant focus due to the Morins' experiences and involvement in foundational mental health science through their foundation, Sunrise.
Investment examples include Brightside, a telemedicine company for depression, and Done, targeting ADHD treatment accessibility.

Offline Ventures facilitated a collaboration between Apple and UCLA for a 10-year genetic study on depression and mental health, leveraging Apple's technology to explore objective mental health diagnostics.

Investments span various health-related and hardware innovations, such as electric boats with Arc and connected fitness devices.
The fund focuses 80% on early-stage investments and 20% on incubating new ideas, with projects like Ancient Ritual being developed in-house.

The Morins see opportunities in web3 for creating better-aligned internet ecosystems, with emphasis on gender equality and inclusion.
They predict widespread use of NFTs in everyday transactions within the next decade.

"We’ve been funding the basic science of mental health for close to seven years… we’ve become very passionate about both the science of it, but also the reduction of suffering."
"The study is 100% opt-in and it is just for the people who are part of the study."
"We think that web3 is an opportunity to create a better internet where the incentives of both the users and the platform... are more aligned."
"We hope to do more of these types of things. We definitely aren’t afraid of connected hardware."

This summary contains AI-generated information and may have important inaccuracies or omissions.