How much money is needed. The structure of the deal usually includes common stock owned by the founders, preferred stock that is sold to the investors, and an employee stock-option pool of common stock that will be issued to employees as part of their compensation packages. Once the entrepreneur accepts the term sheet, legal documents complete the equity purchase upon the closing and transfer of cash to the company. Later in the company's life, there will likely be more rounds of financing, which may include additional investors. The dynamic medical device industry thrives on new business ideas.
Opportunity exists for innovative and committed entrepreneurs who wish to start their own companies.
Once potential start-ups have developed a compelling business plan, investment dollars are sure to be available for those entrepreneurs who follow the right steps to secure funding. As many device industry professionals have found, starting and growing a company is a time-consuming and difficult process, but it can be tremendously gratifying in both personal satisfaction and financial rewards. Prior to joining Onset, Bottorff was a sales and marketing management executive in the medical device industry, working in both large companies and start-ups including Nellcor, Menlo Care, Ventritex, Medtronic, and General Electric Medical Systems. Post them in our Members' Discussion Forums .