25A- What's next?

  1. New market
    1. Current market: technology startups with private investors
    2. Potential new market: medical startups with private investors
  2. Medical startup
    1. Creating value:
      1. More money for them
      2. More time for startup to focus on developing their instead of chasing funding
        1. Faster product development --> product on market faster --> more people helped
    2. Interviews:
      1. I interviewed two people who have interned for various medical firms. 
      2. Suggestions for improvement:
        1. Perhaps pairing with a site like Go Fund Me.
        2. Perhaps including personal statements from the people the startup would be helping. Ie: cancer patients, the blind, etc.
  3. Reflection
    1. In researching this new market, I wasn't very surprised with what I had learned. While different from technology startups (my original market), the research I had conducted prior to this assignment was just reinforced.
    2. Medical markets are able to more easily receive funding from other funds, such as from the government. While the government won't invest in Apple, for example, it will invest in cancer treatment drugs.
    3. Additionally, of the people I talked to, most seemed hesitant to allow this kind of investing to happen in the medical community. One mentioned they thought it would be "shady" and "easily corrupted". Another mentioned that they already know that a ton of products get launched every year and it wastes time sorting through the ones that get to make it all the way through; essentially, more funding for these smaller businesses just wastes more time and money in the medical community.

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