12 rules for health tech startups

by MATTHEW HOLT Last week Mark Cuban tweeted out 12 rules for tech startups and Jessica DaMassa challenged a bunch of people to respond for health care. VC and general health care wit Lisa Suennen came out with quite the list (she got to 13) but I thought someone ought to write the real rules… 1. Never start a health tech company if you can sucker someone into giving you a real job 2. When VCs at conferences say raising money isn’t a problem, throw a milkshake at them 3. Never work with a technical co-founder who won’t give you the last M&M in the packet 4. When a clinician wants to quit their job and co-found with you, remember that the good ones could be making $500K a year reading X-rays and be on the golf course at 4pm 5. Do the 50/2 diet. Starve for 50 weeks of the year then eat and drink as much as you possibly can at HIMSS & JP Morgan parties when someone else is paying 6. When the incubator/accelerator/matchmaker says that they “chose you from 700 applicants” remember that there are roughly 700 of them and every company applies to each one 7. When you get the elusive partnership deal with the big hospital system, tech company or corporate, you’re going to expect to work at the speed of the startup and the scale of the corporate. It’ll be the reverse . (I stole this from Michael Ferguson at Ayogo) 8. After your first few clients and funding rounds you’ll be losing money at a exponentia...
Source: The Health Care Blog - Category: Consumer Health News Authors: Tags: Health Tech Matthew Holt Lisa Suennen lists Mark Cuban Startups Source Type: blogs