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Only in industries where you could get started cheaply. It might work for bands, for example. I doubt it would work for biotech.
by pg 16y ago
Only in industries where you could get started cheaply. It might work for bands, for example. I doubt it would work for biotech.
- johnl 16y agoAlso quickly. Being able to have something up and running and building momentum in 3 months would be as important as cheaply.
- DilipJ 16y agoIt would work in the direct response/infomercial market. I can't imagine that products like the Snuggie or ShamWow took a lot to develop, and they've brought in millions. I guess the YC in this field would be Telebrands, run by AJ Khubani. Biotech's problem is the length and cost associated with FDA regulation. Anytime there are political barriers in place to prevent you from selling directly to the consumer (whether it is justified or not), it's not something you can do without heavy financial support.