Forbes Reports New Crowdfunding Medstartr Site "Could Change Healthtech Startup Funding Forever"

In July 7th Forbes, Dave Chase reports MedStartr is bringing the crowdfunding concept to healthcare so that "customers get a great deal and early access to a product...the startup gets non-dilutive funding and market validation to help it grow..."
July 9, 2012 - PRLog -- In  a new article ( Dave Chase, CEO of Avado, highlights the shift in healthcare funding expected with the upcoming launch this week of Medstartr, the first medical crowd funding platform.

Chase reports in Forbes the reward-based crowd fundraising site "is bringing this concept to healthcare where it can be particularly challenging to get a startup off the ground."

"MedStartr is attempting to hit the sweet spot that crowdfunding poster child, Pebble Technology hit," he writes, "That is, customers get a great deal and early access to a product. Meanwhile, the startup gets non-dilutive funding and market validation to help it grow to the next stage.

According to the Forbes article, "A successful MedStartr project will have visionary customers be the initial users who can then lead to the first wave of word-of-mouth referrals."

Chase notes that crowdfunding offers the benefits of Inbound Marketing: lower costs and better targeting.

It’s the only crowdfunding platform designed specifically for healthcare where doctors, patients, hospitals, pharma, and payers are all important backers of innovation. Previously, hospitals, doctors and patients never had an effective way to do this.
Enables a highly motivated population to support and directly affect the change that may help make them or their loved ones healthier.

Concludes Chase, "With the need to reinvent healthcare and the challenge to getting a startup off the ground in the healthcare industry, MedStartr seeks to fill an important market gap."

The writer, Dave Chase is CEO of Avado ( a website at which patients fill out intake forms, schedule appointments, ask for weekly medication reminders and track symptoms for chronic conditions. The complete article can be viewed at .

Medstartr is headed by Alex Fair, serial entrepreneur and organizer for the New York City chapter of Health 2.0. Medstartr launches July 11th and is open to innovative medical and healthcare firms at . Alex Fair and other company executives are available for interview by calling Steven Greene at 917-656-1837.
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Tags:Crowd-funding, Healthcare, Medical, Medstartr, Sperlingreene
Industry:Health, Investment
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Page Updated Last on: Jul 10, 2012
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