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Labdoor

From Wikipedia, the free encyclopedia
Labdoor, Inc.
Company typePrivate
IndustryProvidesaffiliate marketingof certified products Offers certification for supplement manufacturers for a fee
FoundedMay 2012(May 2012)
FounderNeil Thanedarand others
Headquarters,
Websitewww.labdoor.com

Labdooris a privately held medical company registered inSan Francisco,California, founded in May 2012 by Neil Thanedar. It provides information on dietary supplements, which do not require testing by theFDAin theUnited States.[1]

History

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Born and raised inSt. Louis, Missouri,the son ofShri Thanedar,Neil Thanedar graduated from theUniversity of MichiganinAnn Arbor, Michigan,with degrees inCellular&Molecular BiologyandBusiness Administration.[2][3]

Neil Thanedar co-founded Avomeen Analytical Services with his father in 2010.[4][5]He founded Labdoor (originally "Labrdr Inc"[6]) in May 2012[7][8]with co-founders Rafael Ferreira, Helton Souza, and Tercio Junker.[9][10][11]Labdoor pursuedventure investorsin 2012, 2015, and 2016, ultimately securing approximately $11 Million from groups includingY Combinator,Floodgate Fund,andRock Health.[11][12][13]A controlling share of Avomeen Analytical Services was sold to an investment group in 2016.[14][15][16][17]

Products and services

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Since November 2013, Labdoor's primary income isaffiliate marketingfor retailers, such asAmazon,of products they have tested and certified.[18]Labdoor also offers testing services to supplement manufacturers, assessing "accuracy", "purity", and "sport".[19]If a product passes testing, Labdoor will also "drive sales" through its certification program and retailer referrals.[20][19]

As of September 2021, Labdoor's new product selection procedure uses market research and an internal "tally of votes" system to choose which new product category will be selected to test next.[21]

In June 2018, Labdoor launched thecrypto-currencyTEST. It seeks to create a incentive system for individuals or organizations to anonymously create or raise abountyon a product for independent laboratories to test.[22][23]TEST will be ininitial coin offering(ICO) stage through December 2018.[24]

Labdoor buys dietary supplements directly from retailers, sends the products to an FDA-registered laboratory for analysis,[citation needed]and publishes the findings. Its mission is to share information to help consumers make the right decisions for themselves about dietary supplements.[according to whom?]Labdoor's rankings have sometimes been published by the press and online media.[25][26][27][28][29]

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Their findings resulted in theFDAtaking a closer look at the safety ofenergy drinks.[30]Labdoor evaluatedAlex Jones's supplements, stating "the science behind many of their claimed ingredients are questionable."[31][32][33][34]Some 2015 tests of supplement products conducted by a third-party laboratory, which was organized by Labdoor and the Canadian Broadcasting Corporation (CBC), were first published and later retracted upon repeat testing.[35]The supplements were correctly labeled and there was no contamination nor deficiency in the products.[36]

As of August 2016, Labdoor allows manufacturers to challenge a report of a product by re-testing the product, or opt-out of having any reports of the manufacturer's products published on Labdoor's website.[37][38]

See also

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References

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  1. ^Commissioner, Office of the."Consumer Updates - FDA 101: Dietary Supplements".www.fda.gov.Retrieved2018-10-01.
  2. ^"Neil Thanedar".Medium.Retrieved2018-10-01.
  3. ^"Neil Thanedar".Labdoor.Retrieved2018-10-01.
  4. ^"Company Overview of Avomeen Analytical Services, Inc".www.bloomberg.com.Retrieved2018-10-01.
  5. ^"About Us | Avomeen Analytical Laboratory Services".Avomeen Analytical Services.Retrieved2018-10-01.
  6. ^"Indianapolis Startup LabDoor Is The Consumer Reports For Medicine & Supplements".seriousstartups.com.Retrieved2018-10-02.
  7. ^Moukheiber, Zina."Labdoor Wants To Shed Light On The Murky World Of Dietary Supplements".Forbes.
  8. ^Thanedar, Neil (2017-06-28)."2017 Labdoor State of the Startup".Neil Thanedar.Retrieved2018-10-02.
  9. ^"SEC FORM D".www.sec.gov.Retrieved2018-10-02.
  10. ^"Labdoor".angel.co.Retrieved2018-10-01.
  11. ^ab"Companies – Floodgate".floodgate.com.Retrieved2018-10-02.
  12. ^"Rock Health Announces Partnership with Kaiser Permanente, Unveils Its Fourth Class of Startups | Rock Health".Rock Health.25 October 2012.Retrieved2018-10-02.
  13. ^"In Labdoor, Floodgate sees an e-commerce giant in disguise".TechCrunch.Retrieved2018-10-02.
  14. ^"Private equity firm buys controlling interest in Avomeen".Crain's Detroit Business.23 November 2016.Retrieved2018-10-01.
  15. ^"Ann Arbor CEO surprises employees with $1.5 million in holiday bonuses".MLive.com.Retrieved2018-10-01.
  16. ^"Thanedar fights business fraud lawsuit as 'false'".Detroit News.Retrieved2018-10-01.
  17. ^"Portfolio | High Street Capital".www.highstreetcapital.com.Retrieved2018-10-01.
  18. ^"Our business model".Labdoor.Retrieved2018-10-01.
  19. ^ab"Dietary Supplements Certifications - Labdoor Testing Services".Labdoor.Retrieved2018-10-01.
  20. ^"Labdoor Testing Services - Chemical Laboratory Testing".Labdoor.Retrieved2018-10-01.
  21. ^"ABOUT US".Labdoor.Retrieved5 September2021.
  22. ^"TEST | Home".testtoken.org.Retrieved2018-10-02.
  23. ^Thanedar, Neil (2018-06-28)."TEST Foundation Launches to Protect Consumers through Decentralized Regulation of Health Products".Medium.Retrieved2018-10-02.
  24. ^"Invest in TEST".republic.co.Retrieved2018-10-02.
  25. ^"NutriGold Fish Oil Ranked #1 in the USA for" Highest Quality "by LabDoor.com".Globe News.Retrieved4 August2018.
  26. ^"Muscle Feast Grass-Fed Whey Isolate Review — Why So Cheap?".Bar Bend.10 June 2017.Retrieved4 August2018.
  27. ^"Science Says This Is A Secret To Clearer Skin".Refinery 29.Retrieved4 August2018.
  28. ^Bannenberg, Gerard; Mallon, Craig; Edwards, Holly; Yeadon, Derek; Yan, Kevin; Johnson, Holly; Ismail, Adam (2017-05-03)."Omega-3 Long-Chain Polyunsaturated Fatty Acid Content and Oxidation State of Fish Oil Supplements in New Zealand".Scientific Reports.7(1): 1488.Bibcode:2017NatSR...7.1488B.doi:10.1038/s41598-017-01470-4.ISSN2045-2322.PMC5431122.PMID28469193.
  29. ^"Could blotting your pizza with a napkin really help you lose pounds?".TODAY.com.Retrieved2018-10-02.
  30. ^Morganteen, Jeff (14 May 2014)."Here's Silicon Valley's answer to the FDA".CNBC.
  31. ^"SF lab finds out what's in Alex Jones' Infowars supplements".SFGate.2017-08-10.Retrieved2018-10-01.
  32. ^"Here's what's actually in Alex Jones' miracle supplements".Salon.10 August 2017.Retrieved4 August2018.
  33. ^"Labdoor Special Report: We Tested the Infowars Supplements!".Labdoor.2017-08-10.Retrieved2018-10-01.
  34. ^"We Sent Alex Jones' Infowars Supplements To A Lab. Here's What's In Them".BuzzFeed News.Retrieved2018-10-01.
  35. ^"CBC retracts supplement report | CBC News".CBC.Retrieved2018-10-02.
  36. ^"Labdoor's Statement - CBC Marketplace Report".Labdoor.2016-01-21.Retrieved2018-10-02.
  37. ^"Introducing: The Challenge Process".Labdoor.2016-08-17.Retrieved2018-10-02.
  38. ^"Introducing: The Opt-Out".Labdoor.2016-08-17.Retrieved2018-10-02.