Asher
Well-Known Member
In the VC/tech entrepreneur scene, they say it's hard to change a company's 'DNA'. Insofar as that's true, I don't see Rad doing anything that advances industry product design, because it's not something they've done until now. They spend lots of money on marketing, have good customer service, but there's nothing cutting edge about it. Their focus has been outreach not advance.
I think you're conflating funding with innovation, when funding is just about who can potentially make money. VCs pay for profits, not advancing product design. The talk about innovation is often just a feel good mantra to make some loudmouthed VCs and startups feel like they're doing more than they are.
Here are three VC backed companies offering mail order medical treatment. The former two charge a huge premium for a regular prescription, and the last offers mediocre possibly dangerous treatment at a lower price. The play is marketing, not innovation, for all three.
Smile direct club
I think you're conflating funding with innovation, when funding is just about who can potentially make money. VCs pay for profits, not advancing product design. The talk about innovation is often just a feel good mantra to make some loudmouthed VCs and startups feel like they're doing more than they are.
Here are three VC backed companies offering mail order medical treatment. The former two charge a huge premium for a regular prescription, and the last offers mediocre possibly dangerous treatment at a lower price. The play is marketing, not innovation, for all three.
Ro (company) - Wikipedia
en.m.wikipedia.org
Hims & Hers Health - Wikipedia
en.m.wikipedia.org