The company was founded almost 20 years ago. At what point is it no longer a startup?
I think they are confused on thinking that any private company is a startup.
I worked for a company that was roughly 15 years old at the time and still very much in startup mode. In the end, it was a mechanism to shovel lots of money into the pocket of the CEO and some of the investors. It’s why they never grew, aside from incompetence.
When they are profitable I’m guessing. Usually startups are suppose to grow as fast as they can even if it means running a deficit. Pretty ridiculous imo.
It’s like when you have a shitty kid that never grows up and is still pissing the bed 20 years later.
Wow don’t call me out like that dude
Don’t worry, the data will get bought up by the healthcare industry and start using it to deny coverage or to increase premiums.
“You’ve been randomly selected for a rate increase! For no reason at all! Definitely random!” - Your insurance in 2 years, probably
Health insurance industry.
Most people in healthcare hate them too.
I’ve never thought about it like that, but you raise an interesting point. From the point of view of patients insurance is an inextricable part of health care. I’m not so sure you can separate them that easily. Even in Western Europe the trend is towards privatization so when something happens to me health wise my first concern is insurance, never mind the actual problem. It’s a tragedy. Let’s just go back to setting up a mandatory fund and paying out from that without the profit seeking middlemen. We don’t need them.
You know what’s really stupid?
Every American who has private insurance right now, could pay that exact same amount instead to the federal government and let it pay our medical bills, and it would result in more people getting care and less cost for the healthcare industry.
Of course, for some reason, some people are strongly opposed to the destruction of a multi-billion-dollar rent-seeking middleman industry and also opposed to healthcare going to certain, shall we say, melaninistically-blessed Americans.
Mine costs my employer and myself $15,000 yearly. Colorado marketplace insurance for a “silver” plan (probably very expensive to actually use) is over $8k.
If we all just pooled that money it’d make Medicare for All a reality.
Could a citizen created “Robin Hood” health insurance company incorporate and steal all their lunch?
I think we need the power of the state behind it.
That would be nice, but I can’t see lobbyist allowing it. It state power really essential?
Maybe s co-operative insurance company could fit inside the current framework without legislative change.
(Obviously, I’m just spitballing here)
Is it still considered a start up? Haven’t they been around for like 10 years no
If it doesn’t have positive cash flow then it’s still considered a startup.
Cool. Will it be savable before or after the Nazis use that list of Ashkenazi Jews hackers got from your company as a kill list?
Is there a non-paywalled link for this?
