gfavvas

I'm one of the founders of Circle Medical. Great to see a thoughtful discussion here.

Most people don't realize how most of the payment for an office visit with a doctor doesn't actually go to the doctor. We eliminate the need for office space and having someone handle paperwork and insurance and replace it with software.

You're right that there are other doctors with concierge medicine who charge for the convenience. The point is we are making this accessible to patients who have a regular insurance plan and can't or won't pay extra for the convenience factor.

Though they don't support Canadian vendors yet, I would keep a very close eye on Stripe. Their API, support and overall attitude are kick ass and a breath of fresh air.

I would be very careful with entering into a partnership with people you don't know. Would you marry someone you know "vaguely" or not at all?

I'd try to structure a trial period where you get to work with the other founders for a predetermined period of time.

If you do chose to continue, make sure you're protected. i.e. who owns the software you're developing? You don't want to develop it and then have them fire you and keep your shares, for example.

You should also build vesting into your shares. 4 year vesting is common, so that if you leave after 1 year you will still have 1/4 of your equity.

Agree with all these points, especially the adverse selection bias. Would you pay to apply for a job? Of course not.

Between incubators such as YC and others, hustling for intros, and Angel List, there's no reason ever to pay to pitch investors.

The ones charging $1,000-$8,000 are just robbing Peter to pay Paul. The more people they invite to pitch, the more money they make, a portion of which they will "invest" in the "winner."

These people are leeches leaches and need to be called out as such.