DNAsimple Agrees To A Deal With Billionaire Mark Cuban On Shark Tank

Are you a fan of research? Do you want to contribute your quota to the advancement of science while making money? Then you need to be a part of this innovation by young scientist and Forbes magazine 30under30 honouree Olivier Noel.

DNAsimple is a network that helps to match up scientists with the DNA donors that they want to study. People send their samples to researchers when their DNA is needed and they, in turn, earn a minimum of $50 for their effort. With researchers sometimes needing thousands of samples from a specific region, race or age, DNAsimple makes such research material easily available to scientists.

DNAsimple was recently featured on the ABC show Shark Tank (November 12th 2017 episode). While on the show, Noel explained how it worked and impressively, investors have started buying into the wonderful idea. He offered 12.5% equity for $100,000 to investors, but after bargains from billionaire investors Richard Branson ($100,000 for 25%) and Mark Cuban ($200,000 for 20%), he settled for a final offer of $200,000 for 15% from Mark Cuban who piqued special interest in the scheme having frequently sold his blood before.

“This investment will allow us to scale up our infrastructure and continue to grow,” said Noel who added “the plan for us is to grow as fast as possible to be able to help as many research studies as possible.”

How do you get to be a part of this partnership? First, sign up for free on www.dnasimple.org and create a DNAsimple account. There you will be asked to complete a quick profile update of basic demographic information like age, height, and race, plus a brief medical history of yourself or a close relative.

Next, the system will run through the ongoing research studies to see if your DNA sample is needed. If it is, you will be sent a ‘Spit kit’ to the postal code specified on the signup page, and all you need is spit into the tube and send the kit back. All personal information is de-identified and remain anonymous and researchers will only know that a sample has come from an individual with the clinical criteria they had specified. Additionally, samples are used ONLY for the research work for which you were initially notified and you will be contacted every time that your sample is needed. If there is no ongoing research that needs your DNA sample, your data is stored in the system, and anytime a match is found, you will be notified. Per the DNAsimple COO Joel Coble, “[the] company will expedite the research process by fulfilling a researchers’ demand for patient samples in a matter of weeks or months instead of years.”

DNAsimple has matched over 1,000 sample donors to research studies, and over the past 4 weeks alone, there are over 130,000 registered users of the service (up from 20,000). You can be a part of the research matchup service at any point by signing up on www.DNAsimple.org.