Posts on entrepreneurship and the startup life.
Everyone talks about the massive upside to business accelerators. If you've never been in business, and you're trying to start one, they are the place to start. They are an extremely intense MBA crash course providing constant education, stimulation, networking, and mentoring. For four months, you're learning and working as fast as you possibly can. It can be exhilarating; an overwhelming adrenaline surge that goes on and on, with new ways to fuel the high at every turn. It's meant to launch your business into the stratosphere as quickly as possible...as long as you can harness the power.
What no one tells you, what no one talks about, is what happens when that accelerator is over. You are left to run your company on your own, kicked out of the nest to fly or plummet to your business' death. That's really as it should be, but a program like MassChallenge isn't just an accelerator. It can act as an accelerant. You can feel like you are burning as bright as a sun, zooming as fast as a comet, but then the fuel is gone and all is much darker. You are no longer immersed in a swirling vortex of passion and creativity from every side and chance encounter. It all becomes much...quieter.
Today's blog is a re-post from a blog published today on Boston.com in their "Global Business Hub" section. I discuss entrepreneurship and my experiences with MassChallenge from a mother's point of view. Please let me know what you think in the comments section below. And, as always if you have any questions about entrepreneurship, MassChallenge, or caregiving. Don't hesitate to leave them below (obviously sign-in so I know who you are) or email me directly. If I don't know the answer, I'll find it or someone who can help you.
Today I learned from a story in the February 25, 2014 issue of the FierceMobileHealthcare newsletter that a bill has been put forward in the US Senate which would remove the FDA's regulatory authority over, among other things, mobile medical apps. They write, "Sens. Deb Fischer (R-Neb.) and Angus King (I-Maine) introduced the PROTECT Act of 2014 in the Senate on Feb. 10 in a legislative effort to amend the Federal Food, Drug and Cosmetic Act and to ensure that clinical and health software would not be subject to regulation." The article goes on to say that the sponsors of the bill believe that the regulatory authority over mobile medical apps should rest with the National Institute of Standards and Technology, which they describe as "the federal agency with oversight responsibility for technical standards used by clinical software...".