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MedCityNews .com

Med device entrepreneurs share which startup costs were unexpected

In the startup world, where every dollar counts, spending too many dollars on expenses you weren't prepared for can quickly put a company in a tough spot. In a 2011 survey, one in three small business owners reported that underestimating monthly expenses was their biggest mistake.

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Posted by: MedCityNews .com
on July 31, 2013
Category:  Creation  Growth 
From company name to investment, Venture-Med Angels advise startups

After two decades of clinical practice, a couple of healthcare startups and a handful of angel investing networks, Jose Bolanos noticed a few things about the process of medical innovation. First, venture capitalists were struggling in healthcare and were moving toward later-stage investments. Secondly, physicians were self-funding a lot of their projects. And third, many angel groups that weren't focused on healthcare struggled to understand HIPAA and FDA regulations and reimbursement issues, which are crucial pieces in the due diligence process and just as crucial for the companies to understand.

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Posted by: MedCityNews .com
on July 29, 2013
Category:  Ideation  Creation 
Three things startups should avoid when talking to investors

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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Posted by: MedCityNews .com
on July 24, 2013
Category:  Creation  Growth 
Get angel and VC interest in your medical device startup

Paul Hartung, CEO of Cognoptix, Inc., a startup that has created a drug-device that could diagnose Alzheimer's earlier in patients, is also the first person to have a syndicated angel deal in the Northeast. He's raised more than $20 million for Cognoptix, and worked on the LASIK team at Summit until it was brought through to IPO. Here are six strategies that helped Hartung attract investors.

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Posted by: MedCityNews .com
on July 22, 2013
Category:  Ideation  Growth  Creation 
Successful speech tips for life science entrepreneurs

I still remember how red-face frustrated one of my seed investors was after hearing my pitch to another investor in Month One of the business. "It's a process," he repeatedly said out loud - and I am pretty sure he was talking to himself.

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Posted by: MedCityNews .com
on July 17, 2013
Category:  Creation 
Pitch strategy questions answered by 3 VCs

That's one of the predicaments entrepreneurs face when they go into a meeting with a potential VC investor. What information should be included in a pitch deck? What questions should founders be prepared to answer? What aspects of the business don't investors need to know about when they're considering an investment?

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Posted by: MedCityNews .com
on July 15, 2013
Category:  Creation  Execution 
5 tips for a successful partnership in HIT

Growth through strategic collaborations has fueled the expansion of many a company involved in the health care space such as Intermountain Healthcare System and McKesson to add new technologies and markets relatively rapidly. The forms these partnerships take vary according to need and size. Although frequently between smaller and larger companies, it can also be a partnership of equals. It can be particularly useful for small; growing companies to validate their products and give them broader market exposure. On the other hand, if there's a fundamental difference in goals by the companies in the partnership or the customers isn't happy with the agreement in practice, it could all go pear shaped, especially for the smaller companies.

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Posted by: MedCityNews .com
on July 10, 2013
Category:  Creation 
Take note of lessons learned from life science CEOs

There are some lessons that no amount of reading can teach an entrepreneur. Sometimes, you just have to learn by doing.

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Posted by: MedCityNews .com
on July 8, 2013
Category:  Execution 
Experienced criticisms from 6 successful entrepreneurs

Sure, curmudgeons are good in theory, but can critics improve a company? I figured it was an idea worth exploring. Here's what seven entrepreneurs learned from their biggest critics. Share your insights from grumps in the comments.

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Posted by: MedCityNews .com
on July 3, 2013
Category:  Execution  Growth  Creation  Ideation 
UBI analyzes top university incubators

The team behind the University Business Incubator Index set out to find the top university incubators in the world, discover what makes them successful, and learn where others are falling short. Over the past year, they collected data on 150 university incubators in the U.S., Europe, Asia and Australia. They interviewed incubator managers, entrepreneurs and investors, and came up with about 60 independent indicators of success. Then they scored each incubator, adjusting scores for those in the most favorable and unfavorable locations.

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Posted by: MedCityNews .com
on July 1, 2013
Category:  Execution  Creation  Growth