Tech Venture Workshop<\/a>, Arfaei states that because of the program,
\nthey have understood \u201cwhere their innovation can be used best and create the most value.\u201d This
\nis an asset for a new business. He also adds that this has narrowed their focus \u201con developing it
\nspecifically for that purpose as a starting point.\u201d And that \u201cthere are many directions that a
\ntechnology can take depending on its immediate use.\u201d Arfaei adds that \u201cI think the hardest part
\nis deciding to invest your time and energy in an idea or not. Is it the right time? Is it necessary?
\nDoes it have an audience? Our time is the most valuable resource we have and deciding how to
\nallocate it is a very hard decision.\u201d<\/p>\nAlthough there will be many challenges that early-stage start-ups might face, Arfaei notes on the
\nissue of \u201coversaturation in some fields\u201d as one of the most difficult ones to overcome that make
\nthe \u201cexposure more difficult.\u201d This is something most start-up founders struggle with when
\nthey\u2019re trying to address a question that most people are also trying to tackle.<\/p>\n
While to MotionCure\u2019s founder, personal success is defined as \u201cthe value of each act\u201d and \u201chow
\nmuch positive effect it creates for the advancement of human society as a whole.\u201d Arfaei
\nexplains that this applies to start-ups as well, \u201cas long as your acts generate positive outcomes
\nfor all humans and the planet, you can call it a success.\u201d With emphasis on benevolence for all,
\nArfaei notes that the \u201cadvancement should not come to just a population at the cost of another
\npopulation or endangering the planet.\u201d<\/p>\n
The founder of MotionCure also has some thoughts on how we can increase the participation of
\nwomen and underrepresented minorities in start-ups and start-up building. \u201cI think as the whole
\nsociety becomes more aware of the ways discrimination happens in all realms and aspects, and
\nthe more willing it is to address it holistically, there will eventually be more women and minorities
\nin leading roles as well. I believe providing a similar chance to everyone will in the end reduce
\ninequality.\u201d With awareness of the current challenges that unduly affect women, Arfaei adds that
\nthis \u201cincludes not putting the burdens of childcare or home care disproportionately on women\u201d in
\naddition to also paying women \u201cequal to men for the same job and giving people from different
\neconomic backgrounds a chance to higher education.\u201d<\/p>\n
Finally, Arfaei comments on the heightened value of connections and how the system should be
\nchanged to allow for the participation of more women and underrepresented communities. \u201cI think it is<\/p>\n
generally believed that having personal connections with investors is the more
\npredictive feature of whether a startup gets funded or not. I think if there were better objective
\nstructures for evaluating the value of startups in a way, for instance if investment companies
\nhad in-house scientists to evaluate science-related startups with higher decision-making power,
\nperhaps an industry twin to peer review system, more women and minorities would see a
\nchance of representation.\u201d Arfaei adds \u201cI generally find blind auditions the best answer,
\nreminiscent of the story of American trombonist Abbie Conant who was selected in a blind
\naudition to the Munich Philharmonic; a chance that she would probably not have if the audition
\nwas not blind.\u201d<\/p>\n
At CIE Institute, we\u2019re excited to see MotionCure shape the realities of those in need and wish
\nits founders the best of luck in their venture!<\/p>\n","protected":false},"excerpt":{"rendered":"
By: Alara Tuncer As researchers we dream of making a meaningful contribution to society that addresses one of the many problems we face today. For MotionCure this was the problem […]<\/p>\n","protected":false},"author":37,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1483","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"http:\/\/microsites.engineering.nyu.edu\/cie\/wp-json\/wp\/v2\/posts\/1483","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/microsites.engineering.nyu.edu\/cie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/microsites.engineering.nyu.edu\/cie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/microsites.engineering.nyu.edu\/cie\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"http:\/\/microsites.engineering.nyu.edu\/cie\/wp-json\/wp\/v2\/comments?post=1483"}],"version-history":[{"count":3,"href":"http:\/\/microsites.engineering.nyu.edu\/cie\/wp-json\/wp\/v2\/posts\/1483\/revisions"}],"predecessor-version":[{"id":1602,"href":"http:\/\/microsites.engineering.nyu.edu\/cie\/wp-json\/wp\/v2\/posts\/1483\/revisions\/1602"}],"wp:attachment":[{"href":"http:\/\/microsites.engineering.nyu.edu\/cie\/wp-json\/wp\/v2\/media?parent=1483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/microsites.engineering.nyu.edu\/cie\/wp-json\/wp\/v2\/categories?post=1483"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/microsites.engineering.nyu.edu\/cie\/wp-json\/wp\/v2\/tags?post=1483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}