Hardware Podcasts

#334: MedTech Funding and Preparing for Due Diligence

Global Medical Device Podcast · 31 Aug 2023 · 56m · Episode 334

What this episode covers

Devon Campbell, founder of Product, explains how medical device startups should prepare for due diligence by understanding the distinct motivations of angel, strategic, and VC investors. He identifies five critical red flags during technical diligence: unrealistic go-to-market strategies, inexperienced teams, cherry-picked or unrepeatable data, products that look polished but lack manufacturing readiness, and immature Quality Management Systems (QMS). Campbell emphasizes that investors seek 'unquestionable, indelible data' and confidence built through transparent, humble documentation rather than bureaucratic perfection. He advises founders to proactively address these gaps, engage in founder-to-founder networking, and align their infrastructure with their current stage of development to avoid rejection during funding rounds.

Most relevant to

early-stage companies and companies scaling up

Topics

Mentioned

Companies
Product, Greenlight Guru
Also
Mass Challenge, FDA, ISO, 510K, FMEA, QMS, EQMS

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