Friday, 7 November 2014

Question # 2

Question # 2
What do you think were the 8 to 10 most important nonfinancial resources that the founders of InstyMeds, the subject of the “You Be the VC 3.1” feature, needed to have in place before they launched their new venture?

Answer: Nonfinancial resources are those which have no concern with cash.
 Important nonfinancial resources that the founders of InstyMeds, the subject of the “You Be the VC 3.1” feature requires are following.
1.      Specialized doctors for all type of diseases .
2.      Such a software provide all type of medicines it include the refrigerated one.
3.      Use a patent right of not copying the innovation
4.      Support of local government to provide special medicine for polio, Aids, Dengue
5.      More space to have all the products available
6.      Contract with pharmaceutical companies to provide all sorts of medicines
7.      Capable employees who deal with all the new medicines
A wide management plan for a large range of medicines

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