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Perhaps it would be possible to attack this market using a different approach. The classic startup path is approximately --> geeks hammer out MVP product, get
by patrickk 11y ago
Perhaps it would be possible to attack this market using a different approach. The classic startup path is approximately --> geeks hammer out MVP product, get some funding and try to grow as quickly as possible, and either go big or fail.
I got this idea after watching the Vice interview with Martin Shkreli (obviously not a role model)[1]
Shkreli made the leap from hedge funds (betting against pharma companies) into becoming the CEO of a pharma company, which apparently does research in addition jacking up the prices of HIV drugs (Shkreli actually gives out chemistry lessons on youtube[2]).
So maybe some geeks could try getting funding, buy up some underappreciated, undervalued but already FDA approved drugs, and using the cashflow to do further research, or develop cool new products or services in the healthcare space instead of the traditional, risky route. (I'm not advocating jacking up the prices of critical lifesaving drugs obviously).
[1] https://www.youtube.com/watch?v=2PCb9mnrU1g https://www.youtube.com/watch?v=2PCb9mnrU1g
[2] https://www.youtube.com/watch?v=zQljHkKuC2I https://www.youtube.com/watch?v=zQljHkKuC2I