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>>An incorrect number on a blood test could be a potentially life altering event for some one - NOT something you want a fraudulent "unicorn" to be putzing with
by bsbechtel 11y ago
>>An incorrect number on a blood test could be a potentially life altering event for some one - NOT something you want a fraudulent "unicorn" to be putzing with.
My immediate reaction to this statement was what if bad behaving private VC-funded companies cause regulators to come down hard on the entire VC/startup ecosystem, and potentially cause serious collateral damage to the entire ecosystem? I don't know if this is something to be legitimately concerned about or not, but it just popped into my head as a systemic risk all VC backed companies face because of bad behavior from a few.
- bwilliams18 11y agoI don't think the things they are doing wrong is inherently tied to being a startup or being VC funded, at least from a regulatory point a view. They appear to be skirting existing FDA regulations, and that is the area that regulators will focus on and clamp down in.
- bsbechtel 11y agoI think you're right. I just hope it stays that way.
- x0x0 11y agoMy god, what if startups were forced not to defraud customers, to advertise honestly, and to assume liability for their products working? I mean, what type of world would that be?