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July

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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MedCityNews .com
on July 31, 2013
Category:  Creation  Growth 
When to quit your day job and go full-time entrepreneur

In the past, Dr. Amy Baxter was able to practice emergency medicine while developing a new medical device that deadens the pain from injections. But working on her startup during the day and picking up night shifts at the hospital could only go on for so long.

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Ryan Amin
on July 30, 2013
Category:  Ideation  Creation 
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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MedCityNews .com
on July 29, 2013
Category:  Ideation  Creation 
eMed's 6 to follow in entrepreneurship

Check out who made the list for eMed's 6 to follow in entrepreneurship this week

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Chris Seper
on July 26, 2013
Category:  Creation  Execution  Growth  Ideation 
Dominique's Desk: Design thinking

Design thinking can be helpful to an entrepreneur in all phases of development -- from ideation and business model validation to customer development and growth.

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Dominique Pahud
on July 26, 2013
Category:  Ideation 
Six myths about venture capital

In a piece for the Harvard Business Review, Kauffman's director of private equity Diane Mulcahy debunked six VC myths to empower founders when negotiating for funding.

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Christina Hernandez Sherwood
on July 25, 2013
Category:  Creation 
How one digital health startup got its product on The Colbert Report

CellScope creates tools for consumers to use at home to remotely diagnose common ailments. Its co-founder offered entrepreneurial insights on selling the vision, finding the right funding fit, and not being afraid to ask.

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Christina Hernandez Sherwood
on July 23, 2013
Category:  Creation  Growth  Execution 
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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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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MedCityNews .com
on July 22, 2013
Category:  Ideation  Growth  Creation 
When the patients met the innovators at MedCity CONVERGE

At MedCity CONVERGE, a national, executive-level summit on healthcare innovation in Philadelphia last week, local AARP members were on hand to learn about the two-dozen companies represented in the Pfizer Startup Showcase.

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Christina Hernandez Sherwood
on July 19, 2013
Category:  Ideation