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ShannonAlther | 8 years ago

I'm also in the "everything is kind of okay in my workflow" boat. One of the major problems I hear about and encounter frequently is that biotech is a painful industry. Creating and selling new drugs takes decades and costs millions of dollars. This isn't some immutable law of pharmacology, it's because drugs have to be approved by regulatory agencies like the FDA, and no amount of clever engineering is going to make clinical trials less onerous.

I think just about every industry that seems, from the outside, to have exploitable conditions like this has hidden barriers. The taxi industry looked exploitable, but in fact was tightly regulated. Uber has managed to capture some of the market by pretending to not be a taxi company, and wound up in a plethora of legal battles for their trouble.

I propose that how obvious or necessary a business idea appears at first glance is directly proportional to how difficult it would be to implement.

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