“Move fast, break things” is a bad idea for health tech startups – TechCrunch

It may seem anti-intuitive, but one of the reasons why some entrepreneurs are drawn to healthcare is regulations. No industry outside of defense has been so thoroughly researched, for good reason. You need to be extra careful when dealing with people.

Rules, Requirements բարդ The complexity of regulation can hinder the entry of digital healthcare startups, but they also provide opportunities.

Founders often find creative ways to reconcile extra control, such as saying that their launch is just proof of concept, or that they can not justify spending hundreds of thousands of dollars a month on advertising to attract new users.

When venture financing was scarce, there was a need to prioritize speed to maximize the runway, which was provided with smaller seeds. The environment, however, has changed. Growing investor interest և Abundant available capital means there is a greater need for a substantial budget allocation.

Speed ​​և efficiency can be significant for start-ups, but regulatory compliance should not be a barrier or a financial outflow.

If compliance is not taken into account in the first place, the founders will sooner or later find themselves in a situation where they have to struggle behind the scenes to spend huge sums of money on legal fees – this is the best case scenario. In the worst case, the deal could explode.

It is understandable how those concerns can be ignored at first. There is a certain amount of creativity և dissatisfaction with the status quo that requires the founders to think about building something that no longer exists.

But when it comes to building a digital healthcare company, the end user is the person who needs medical care. Bets are higher than creating the next puzzle game or food delivery app.

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