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There’s this myth that entrepreneurs take great risks. It may be true while starting out. But in reality, most long term entrepreneurs methodically de-risk. Do everything to reduce risk for their companies. Not increase it.
Big meeting rooms with shiny tables make me uncomfortable. Like that room inside the offices of that big-name VC firm. Even as I waited, I lusted after the logos of many a known startup. They were displayed on plaques outside the room.
This wasn’t the usual South African clinic.
We were inside a high security prison for illegal immigrants. On the outskirts of Johannesburg. Stroking his beard the doctor told me, “Some of them get arrested for a free ride home. First, the authorities bring them here for a few days. Then they drop them at the border. Our clinic has to make sure they don’t get sick.”
Creating a business is fun. It’s also tedious. It’s the tedious parts that are difficult. Because it takes patience to figure things out. Building a product is fun. But when it doesn’t sell, do you add more features? Or, learn how to sell?
Despite innovation in medical science, healthcare is usually behind other industries. By 3-5 years or more. The industry gets by with old technology and processes. People resist change. Regulations slow progress. Companies market and sell using traditional approaches.
enki Endoscopy Report Writer removes challenges of compliance, speed and efficiency for gastroenterologists. By using secure, HIPAA compliant cloud technology, enki users continue to stay compliant – never requiring expensive software upgrades.
The healthcare industry is different. Full of dichotomies. The industry is incentivized to adopt technology to reduce costs. But technology rollouts run into hundreds of millions of dollars.
In 1956, Clive McCay, a scientist from Cornell and his team conjoined 69 pairs of rats to study the effect of revitalizing the old with the blood of the young. After months of conjoining, the bones of some older rats became similar in density and strength to that of the young.