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Mr. Gifford leads The Foundry in all of its activities, including the identification and early development of new technologies, the formation, staffing and growth of new companies, and serving as a board member of the
new ventures. Most recently, Mr. Gifford was Vice President of Research and Development at Heartport, Inc.. From 1993-1998, he built and led a 62-person team developing a wide variety of novel devices and procedures for Minimally Invasive
Cardiac Surgery that were instrumental in the company's enormously successful public offering in 1996. Heartport's market capitalization at its peak in 1996 reached over $1 billion. In 1992, Mr. Gifford and Professor Dr. Berthold Hoefling
co-founded Bavaria Medizin Technologie (BMT), GmbH, to develop innovative drug delivery catheters and to establish a German source for innovation and production of catheters for Interventional Cardiology. During the two-year period
following the founding of this business, he served in the role of Managing Director of BMT until such time as he transitioned management of the company to a German national. In 1990, Mr. Gifford and John B. Simpson, MD, Ph.D., founded
Cardiovascular Therapeutic Technologies, Inc., a business devoted to the development of innovative local drug delivery catheters for thrombolytic and antiproliferative agents. Eli Lilly and Company acquired this business for its technology
in 1991, and it became the original basis for Guidant's Compass organization. From 1985-1990, Mr. Gifford worked at Devices for Vascular Intervention (DVI), where he was the driving force behind the design of the company's first generation
Peripheral and Coronary atherectomy systems. In addition, during this period he served in various Clinical Research and Marketing capacities. Before joining DVI, Hanson worked in an engineering role at Oximetrix, Inc., working in the field
of intravascular blood gas monitoring
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