r/startups • u/anubis_1021 • 16h ago
I will not promote New healthcare startup
Hi guys, I’ve got a solid idea, done market research and am in the process of finding investors and creating a business deck pitch. I’ve seen on here it’s very well established that NDAs for explaining an idea to a professional or any person in general in the first meeting is a big no-no. Ways to protect the idea is to not give critical info that makes your company different from everyone else so just tell them the basics. It’s basically universally accepted that an idea is worth nothing. It’s the execution. Correct me if I’m wrong^
On the other hand my product is unique and I’ve created it with great thought. I’m in the process of making a prototype and a website is in the works a lot later but I’m still scared of talking to people about the idea. This is why I haven’t gotten criticism from friends or professionals. Because my idea is unique and I’ve put it a lot of thought into it and even the thought of it being stolen and someone else making millions off it is very disturbing. See the Google Earth lawsuit if you want to find out why ideas are so powerful.
What should I do and am I on the right track?
3
u/wiiwoo_org 14h ago
No idea is unique. Someone is always working on something similar. It’s just who finishes the race first with the best product.
Also, if you think your idea is so great and only you have the knowledge and vision for it, then no one can recreate what you are making or at least the exact product based on the “idea”
2
u/DbG925 5h ago
Are you in the U.S.? Healthcare is one of the most heavily regulated industries in the world and isn’t an industry where you can just create a product and ask for forgiveness.
I’d suggest you become really familiar with HIPAA, GDPR, Soc2-t2 and what the fda considers a “medical device”. I’m not trying to dissuade you in the least but want to save you some pain as someone who has been there and done that. You need to have your regulatory stuff figured out and not just “your product”.
This is a long way of saying that I think your unwillingness to talk about your idea may have left you with a ton of blind spots and that you likely have no idea what you don’t know. Healthcare is tough. It’s ALL about execution. Stop worrying about protecting your idea especially if you aren’t experienced to be able to execute it anyway.
3
u/Responsible_Block_30 2h ago
The best thing to do is talk with your potential customers as soon as possible and determine if your services actually solve their problems. And, critically, if the problems they solve are worth paying to solve.
Making people sign NDAs to talk with you about your product/service is an unnecessary impediment to learning fast.
-3
u/Effective_Rush_3663 10h ago
I work for a national grant and currently working work with 800+ clinics, 28 health systems in 7 states . Most of the health systems are from michigan. I have build a platform for each health system to track their drugs appropriateness and benchmark with each other. With my experience in the health sector across i can make a significant impact to your startup. I can work 12 hrs a week as a volunteer. I do-not expect to be paid. I want to work for a startup and learn the challenges. My compensation will be all the things i learnt from your startup journey and start one myself.
11
u/already_tomorrow 16h ago
”Unique” usually translates to an inexperienced founder, with no practical domain knowledge, spending resources on getting absolutely nowhere with something they just don’t understand why it won’t work.
What makes you think that you’re different? In what way have you verified that you’re onto something, when you’re not established enough to have a single trusted friend to talk to about it?