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A new report says healthcare spending will make up 20 percent of the U.S. economy by 2019. Read more on what kind of companies can take advantage of the growing healthcare business market.
A vascular access device maker has received European approval for a product designed to help people suffering from kidney failure.
Medical device startups must demonstrate a product's economic value as well as its clinical usefulness, say industry leaders. Read more about their advice for new healthcare businesses.
Getting a CE Mark in Europe has allowed American medical device makers to commercialize quickly before getting U.S. Food and Drug Administration approval to sell medical devices domestically. Read about how the less stringent European regulation methods are now being questioned.
Making medical devices to solve global health problems can be tougher yet more rewarding than building medical devices for more advanced countries. Read more about how companies can serve both markets.
Some medical device sales strategies that worked in the past are not recommended now. Read more for alternatives to boost sales for medical device startups.
Medical device startups may need an alternate strategy to address the coming changes resulting from an increased emphasis on wellness. Read more for tips.
Gil Penchina recently agreed to become CEO of Wikia, a start-up founded by Jimmy Wales, the creator of Wikipedia. Wikia is a community site built on open-source software that allows anyone to contribute to guides on subjects as diverse as star trek, pet diabetes and travel guides. Wikia operates under the GFDL Free content license and is positioned to become the first sustainable business built around the vision of free content. Prior to Wikia, Mr. Penchina was an 8-year veteran of eBay. Mr. Penchina worked in Europe, directing eBay's presence in Southern Europe, and oversaw the company's expansion efforts in Eastern Europe. Previously he was responsible for launching sites in Hong Kong and Singapore, and for the company's entry into India. Mr. Penchina also played a role in eBay's entry into South Korea and China. Mr. Penchina came to eBay in 1998, first working in business development and then running the mergers and acquisitions department. In 2001 he was named vice president of business development where he built business and marketing relationships for eBay with a number of the top brands in the U.S.A including Microsoft, AOL, Disney and Yahoo. Mr. Penchina began his career at General Electric in 1991, first in manufacturing and later in marketing on GE's corporate staff. He has worked as a management consultant at Bain & Co and an Internet entrepreneur, creating a content, commerce and community vertical for business travelers. An active angel investor, he has investments or advisory roles with many internet startups including: Linkedin, Flock, Wink, Vamoose, Become, Feedster, Koders, Voicestar, Reify and Betzip. A native of Amherst, Massachusetts, he holds a B.S. in Industrial Engineering from the University of Massachusetts and an M.B.A. from the Kellogg Graduate School of Business. Courtesy of Wikia
Timothy C. Draper is the Founder and a Managing Director of Draper Fisher Jurvetson. He was instrumental in bringing viral marketing to web-based e-mail to geometrically spread the successes of Hotmail and YahooMail, and the practice has been adopted as a standard marketing technique by countless businesses and organizations. Draper launched the DFJ Global Network, an international network of early-stage venture capital funds with offices in over 30 cities around the globe. He also serves on the boards of Skype, SocialText, Project Y, MailFrontier and Chroma Graphics. He was an original investor in Parametric Technology (PMTC), Tumbleweed Communications (TMWD), Overture.com (OVER), Digidesign (AVID), Preview Travel (TVLY), Four11 (YHOO), Combinet (CSCO), and Redgate (AOL). He also founded or co-founded Wasatch Ventures (Salt Lake City), Zone Ventures (LA), Draper Atlantic (Reston), Draper Triangle (Pittsburg), Timberline Ventures (Portland), Polaris Fund (Anchorage), Draper Fisher Jurvetson Gotham (NYC) and DFJ Frontier (Sacramento and Santa Barbara). Draper has been recognized as a leader in entrepreneurship and venture capital through numerous awards and honors, and he has frequent TV, radio, and headline appearances. He was number seven on Forbes? Midas List and number 52 on the list of the most influential Harvard Alumni. He was also named AlwaysOn Magazine?s number one top venture capital dealmaker for 2008. Tim is the course creator and Chairman of BizWorld, a 501c3 organization built around simulated teaching of entrepreneurship and business to children. He holds a BS in Electrical Engineering from Stanford University, and an MBA from Harvard Business School.
Introduced by AlwaysOn founder Tony Perkins, this panel discussion considers the new opportunities related to the social networking space. Panelists include moderator Charlene Li, Senior Analyst, Forrester Research; Travis Katz, SVP, MySpace International; Dustin Moskovitz, Co-Founder, Facebook; Rich Rosenblatt, CEO, Demand Media; Gina Bianchini, CEO, Ning; Karl Jacob, CEO, Wallop.
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