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So answer me this. Why is not like every other tech startup not making medical equipment and software then? It's a market that is growing, prices are going u
by TheCondor 13y ago
So answer me this.
Why is not like every other tech startup not making medical equipment and software then? It's a market that is growing, prices are going up, the software they use is terrible.. You're telling me we can't make a device that takes an xray and is more portable, safer, faster, and radically cheaper? (just as one example) And then there is the money.. you can have 3000% variance for the same service?!? and every VC in the world isn't just begging to get in?
I just can't believe that the regulations and the red tape can overwhelm and even defeat the greed.
- lotharbot 13y agoSeveral YC companies/founders have talked about how incredibly difficult it is to work in anything that even remotely touches healthcare. The regulations and the red tape create market barriers so significant/costly to overcome that many VCs don't have the resources to break into those markets.
- terio 13y agoEverything related to medical devices is very capital intensive. From regulation compliance, to quality procedures, to patents and licensing, you need a lot of specialized people working for years to bring a product to market.