When good ideas make bad business
1–10 of 361 posts
Re: When good ideas make bad business
#2Guess it's time to rebrand this as a fintech startup that informs investors about high-risk pharma stocks.
Re: When good ideas make bad business
#3The ending was fantastic
Re: When good ideas make bad business
#4'“To succeed, an offering must create value for all entities involved in the exchange—target customers, the company, and its collaborators.”' aka product-market fit
Re: When good ideas make bad business
#5[deleted]
Re: When good ideas make bad business
#6As you're now 18 months on from July 2018, so have probably moved onto other things...
Please consider approaching some academic institutions, or some medical professional associations to see if they would be interested.
While I doubt any will have any money to pay you, they will almost certainly be able to host this for free, probably indefinitely. You just need to find one interested researcher.
It's hard to tell exactly what it is you made, but informative, interactive, visualisation tools can have really powerful public health effects if marketed well.
Re: When good ideas make bad business
#7I feel like one can just review the symptom relief for each product.
Are there people that don't know acetaminophen is for headaches and ibprofin is for muscle aches?
Re: When good ideas make bad business
#8[deleted]
Re: When good ideas make bad business
#9Oof. The site was practically named after WebMD, and the founder didn't do any market research on that competitor to gauge how viable the business was before quitting their job? This person probably should have known that their main competitor made $0.50/user before they quit their job. Also:
>It had been a bit of a working assumption of mine over the past few weeks that if you could improve the health of the patients then, you know, the doctors or the hospitals or whatever would pay for that.
This person uses the "X% of Americans" line, so they live in the United States, right? The one in North America that views healthcare as a business to wring money out of? They definitely should have done more market research if they could type that with a straight face.
But hey, hindsight is 2020 and they only spent $40k on some very valuable firsthand experience. Sounds like a win if they're planning to run businesses in the future, but for ideas without a clear path to making enough money to sustain themselves, try to use other peoples' money next time :)
Re: When good ideas make bad business
#10Somewhat surprised a search engine wouldn't want it for the perceived value of improved "snippets". Or some company like WebMD.