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MedCityNews .com

3 strategies to stay away from for startups looking for investments

People who advise entrepreneurs over a decent chunk of time tend to have the kind of world-weary perspective you'd expect from someone who has seen so many startups succeed or fail. They know what can scupper investment opportunities and turn off potential investors.

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MedCityNews .com
on September 9, 2013
Category:  Creation 
4 Lessons from CEOs of medical device startups in Europe

What with the medical device tax and regulatory hurdles, there is a lot of medical device startups are contemplating beginning business in Europe. But before you leap, look. Is America or Europe right for your company?

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MedCityNews .com
on September 4, 2013
Category:  Creation  Ideation 
10 insights for investment pitches by panel of experienced entrepreneurs

A panel of investors critiqued and evaluated presentations from four entrepreneurs and discussed what they look for in elevator and longer format pitches. The panelists included Karen Griffith Gryga of Mid-Atlantic Angel Investor Group Fund, Bob Thomson of Ben Franklin Technology Partners of Northeastern Pennsylvania and Ellen Weber of Robin Hood Ventures. Beth Cohen acts as director of emerging growth services at Philadelphia law firm Blank Rome and moderated the panel. Here is some of their advice to entrepreneurs on how to make the cut on selection day.

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MedCityNews .com
on August 28, 2013
Category:  Creation 
5 LinkedIn tips for life science entrepreneurs

For life science entrepreneurs and professionals looking to build a business, search for the next opportunity or simply network, having a LinkedIn page is a necessity. But the passion people devote to looking for a job or investors on LinkedIn can come off as desperation and lead to bad practices like being overly familiar with people you've never met, having a picture of Brad Pitt as your profile photo or misspelling the name of the drug you've worked for years to develop.

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MedCityNews .com
on August 26, 2013
Category:  Ideation  Creation 
5 ideas to think about before starting to fundraise

Panelists at Great Lakes Venture Fair in Cleveland doled out some tips for budding entrepreneurs getting ready to do their first round of fundraising. On the panel were Jon Snyder, president and CEO of Cleveland neurostimulation company Neuros Medical; Kevin Mendelsohn, vice president of finance and corporate development for CardioInsight Technologies; Art Fritts, president and CEO of nanotechnology company NanoSperse; and Lisa Novelli, president and CEO of National Composite Center. Here's a quick rundown of what they suggested entrepreneurs think about before they raise any money.

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MedCityNews .com
on August 21, 2013
Category:  Ideation  Creation 
Entrepreneurs explain what medical device startups should avoid

A lively conversation has ensued over at the Medical Devices LinkedIn group in response to a member who posed the question: What are the three mistakes startups make that could act as advice for the industry moving forward?

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MedCityNews .com
on August 19, 2013
Category:  Creation  Execution 
Two feasible strategies for healthcare startups seeking funding

The money is still out there, but don't take it until you absolutely have to. That was the advice to healthcare startups from Fahd M.T. Riaz, a partner in Morgan Lewis's Business and Finance Practice. He talked about trends in funding for healthcare startups on a panel at CONVERGE with Kelly Campbell Slone of the National Venture Capital Association, Joe Hammer of GE Capital Healthcare Fianancial Services, Fadh Riaz, and Elliot Menschik of DreamIt Ventures. Sixty-five percent of his clients are emerging startups and the rest are big companies like J&J and Boston Scientific.

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MedCityNews .com
on August 14, 2013
Category:  Creation  Execution 
5 tips for startups seeking regulatory approval

There are benefits for startup medical deviceand drug development companies to court regulators like the U.S. Food and Drug Administration early to ensure strong communication on what's expected and what a comany's product(s) can deliver. But on the other hand,there can be some unforeseen challenges as well. And of course the FDA has been known to change its mind and request more and more data.

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MedCityNews .com
on August 12, 2013
Category:  Creation 
Expecting investments? Keep these tips in mind

Investors and entrepreneurs demand a lot from each other. Investors want good communication, "coachability," and realistic expectations. Entrepreneurs need a similar list for their investors that goes beyond meeting an investment goal.

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MedCityNews .com
on August 7, 2013
Category:  Creation 
Avoid common mistakes with these 6 negotiating tips

Entrepreneurs and venture capitalists don't always speak the same language, metaphorically speaking, but they do share common goals. VC deals, then, should be considered a matter of cooperation.

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MedCityNews .com
on August 5, 2013
Category:  Creation  Execution