3 ms·

It is and that's probably the biggest reason the model works well for internet media. It's cheap to create, test and deploy. Sometimes even traditional markets

• jacquesm 16y ago
  $20K worth of investors money might get you to the point where you have the functional requirements of a health care registry or a patient filing system specc'd out, you will still have to go through all kinds of regulatory stuff, make sure that you abide by the law wrt to who has access to which bits of data and so on. By the time you have it built you're well in to the 100's of thousands of $. Just to find the expertise is going to cost a bundle.
  • neurotech1 16y ago
    For medical devices, $20k might get a small team to prototype stage. There are a few "simple" medical devices that were developed to prototype level with minimal cash. I work on EEG systems, and the prototype and related equipment costs less than $10k. From what I've read, more than a few YC-backed companies get funding soon after demo day.
    • jacquesm 16y ago
      Neat! Yes, that sort of thing I can see it work for, but it had better be very simple and not have to pass too many regulatory tests and clinical trials or you'd be talking about different quantities of cash pretty soon.