🔥 Find me at MedicalDevicesGroup.net 🔥
4 min reading time
I heard it again last week: Your medtech initiative is too small for venture capitalists if it’s not at least a $500-million idea.
A four-minute video at http://medgroup.biz/too-small
Thomas Weldon, Chairman and Managing Director of Accuitive Medical Ventures, said, “We have to have an exit of at least $350 million and the average exit in medtech over the last 20 years has been $140 million.”
And continued, “The math has to work. I mean, we take money from widows and orphans, pension funds, sovereign wealth funds… They want a premium because it’s an illiquid investment that usually ends up taking eight to ten years and they want a premium for the risk.
So, if you can’t objectively look at a deal and say there’s a 5x return, then it’s just not gonna happen with venture.”
He also gives advice how to get the attention of a VC like him.
It’s a quick video and I transcribed it for you at http://medgroup.biz/too-small
Reminds me of a popular discussion we had in 2014: “Got a $10-million idea? Who cares!” at http://medgroup.biz/who-cares
THE WAIT IS OVER!
See you next week in San Diego for the 10x Medical Device Conference!
10 tickets remain for you stragglers. Then we’re sold out.
See http://medgroup.biz/10x right away!
Free webinar on Thursday on Compliance Risks for Medical Device Manufacturers
Sign up at http://medgroup.biz/RoHS
The live webinar will be Thursday, April 28 at 12 p.m. New York time. All who register (even if you can’t make the live event) will get the slides, replay, and transcript.
See you in San Diego!
P.S. The slides and replay are now available for our free webinar on unique device identification. Available for everyone at http://medgroup.biz/UDI-next-steps
Marked as spam
Meet your next client here. Join our medical devices group community.
Please log in to post questions.