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It's pretty tough to do that though. You're essentially building O(n) businesses.
by Hydraulix989 11y ago
It's pretty tough to do that though. You're essentially building O(n) businesses.
- petra 11y agoYou don't have to build O(n). Just build one business as a revenue source. For example theranos sold lab services for pharma companies, which had easier requirements than blood testing(which require thousands of tests, and other stuff). Google's Verily uses the same strategy - selling testing and data services for companies, while build it's future patient platform.
- Hydraulix989 11y agoI'm not sure how citing the most controversial startup in the Valley (who allegedly raised boatloads of cash with a fundamentally broken product) and a big company with infinite cash as examples really helps your case? I couldn't even find anything about the "services" Theranos offered (and it seems unlikely they would pursue the multi-year bureaucratic hurdle-jumping FDA approval process for two different products concurrently). I only see something about an equally controversial SARS detector but with strong indications that it was developed pre-Theranos by the founder.