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"If you truly believe in the potential of your company to change the world for the better, there’s no excuse for settling for an acquisition."
I was reading through this month's Inc. magazine earlier when this quote caught my eye. My first thought was to challenge the notion. There are specific occasions when an acquisition is exactly what a company needs to move forward or to move on. This is just how things work, but the bold words sparked my interest enough to turn the page. I flipped to Issie Lapowsky’s feature with Vimeo founder Jake Lodwick. Lodwick was fired a year and a half after selling Connected Ventures, the parent company of Vimeo and College Humor, to InterActive Corp, an Internet company that owns the likes of match.com, Urbanspoon, and dictionary.com. After the acquisition, he felt stripped of his creativity. Where innovation once dwelled, process was introduced. Lodwick was fired a week and a half before he planned to quit. This experience backs his words of advice to entrepreneurs who think an acquisition means nothing will change within the mission of an organization. Lodwick bitterly states that "in fact the mission was lost, and everything will change."
Can big data provide the cure for what ails the U.S. healthcare system? While some might consider data analytics a panacea to help achieve a more effective, efficient healthcare system, there are plenty of challenges to overcome, according to participants in a panel on "Fact or Fiction: Healthcare Big Data," at the recent 2013 StrataRx conference in Boston.
Data will drive many of the sweeping changes coming with the Affordable Care Act to the U.S. healthcare system. At the StrataRx conference in Boston this week, innovators in “big data” for healthcare assessed its role in bringing advances in personalized and predictive medicine, major cost savings and research that leads to new technologies.
As digital health grows, healthcare business models are changing too. Read about healthcare business plans for digital health companies.
While business incubators have gained popularity, one CEO is offering an alternative that he says is better. Read more about the pitfalls of incubators.
Anthony Stedillie, Founder of CompassMD, ran into many obstacles during his entrepreneurial journey to create an online system that actively matches cancer patients with the right doctors for their individual needs. One of Stedillie’s biggest obstacles came at the start of CompassMD when deciding on a founding team.
Selecting a business incubator may not be as simple as you think. Read more from a healthcare business entrepreneur who shares what he learned from his experience.
DioGenix, in Gaithersburg, Md., was founded in 2009 after CEO Larry Tiffany and his senior management team saw a clear clinical need: monitoring disease progression of multiple sclerosis (MS). Tiffany has an extensive background in biotech, as an IP attorney, and as a senior executive at small and mid-size biotech companies. Before DioGenix, he was senior vice president and general manager of genomics for another genomics research company, Gene Logic.
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