3 ms·
Why do you assume it's bootstrapped? We have followed a similar path at Aidlab (although we raised a modest $2M instead of $41M), but we had a clunky prototype
by guzik 2y ago
Why do you assume it's bootstrapped? We have followed a similar path at Aidlab (although we raised a modest $2M instead of $41M), but we had a clunky prototype and a strong pitch deck with a solid team. Sometimes that's enough!
- blackeyeblitzar 2y agoI didn't mean bootstrapped in terms of funding but in terms of building the product. Like how do you get the data to build the product that makes the product worth buying in the first place?
- guzik 2y agoI don't think you can separate these two things in medtech/hardware. It's almost impossible to build a product without money, and you certainly can't bootstrap this. > Like how do you get the data to build the product that makes the product worth buying in the first place? Our path: 1. Raise the money. 2. Build a better prototype (let's call it a 'data collector'). 3. Create datasets from the new prototype through studies/clinical trials. 4. Apply ML. 5. Develop the next iteration with the newly built models. 6. Profit time.