Re:YC's request for startups: Government 2.0
by sjg007 on Thursday May 23, 2019 @09:25PM
(#19997677)
There may be another way, partner with academic hospitals and have them sell the insulin at cost.
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Re:YC's request for startups: Government 2.0
by ibeckermayer on Friday May 24, 2019 @05:07AM
(#19999765)
That’s an interesting idea. Maybe something like
- We make the insulin and give it to them for free. - They sell it - They donate to us as a 501c3
The legal framework is really twisted and difficult to parse. Maybe this is the perfect loophole, maybe somebody would end up in prison. We’ve got some lawyers volunteering, but per not having much money its difficult to get steady legal counsel to brainstorm with about the legal risks
Why would you go to jail??
Re:YC's request for startups: Government 2.0
by ibeckermayer on Friday May 24, 2019 @03:16PM
(#20004505)
If we set up a production facility and start trying to sell the insulin we produce, without going through the full regulatory process, we're in violation of the law. If we set up a production facility and give it away for free, and then ask for "donations" from the same group we give it away for free to, is that legal?
Jail may also be an overstatement. We are working with lawyers to get a clearer picture of the legal risk involved, for example maybe the biggest risk is that they just come shut us down.