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Venture capitalists back away from "me, too" companies

Venture capitalists are looking to put their money into med-tech's next disruptive device maker, not the companies that follow on its heels.

June 22, 2012 by Arezu Sarvestani

Venture capitalists have learned their lesson.

The years spent chasing incremental advances in medical device technology yielded disappointing returns, meaning today's funders are looking to put their money into something truly disruptive, according to panelists at yesterday's Wilson Sonsini Goodrich & Rosati Medical Device 2012 Conference.

Medical device industry stakeholders, including entrepreneurs and industry leaders, gathered in San Francisco's Financial District to discuss the challenges facing med-tech start-ups today. The dearth of funding was a common thread among the day's presentations.

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