Martin:
At the end, I have listed 16 VC that focus on medical and health
devices. This should only be a starting point for you. There are
hundreds of VCs in the US, and even more in the world. The source of
information is from a directory I happen to have (Galante's), and most
of them are located in California. However, they can invest anywhere
in the world, although they tend to have geographical preferences
which you should look into, in their websites.
Please read this first:
The way to fund new ventures in the US highly depends on the size of
the market that you are looking to target with your device innovation.
1. For simple ideas and small markets: you and your creditors supply
capital.
2. For good ideas and medium markets: you, your creditors, your
friends, family, and angel investors supply capital. Angel investors
are rich people.
3. For revolutionary ideas and big markets: you, your creditors, your
friends, famly, angel investors, and then followed by venture
capitalists.
If truly believe that your ideas falls in the third category, then you
should get a business plan together and start sending it to
established venture capital groups. These have the incentive and need
to be honest, and will likely be very fair with you.
VCs can be found in venture capital directories (per area). The
biggest VC hubs are Silicon Valley, Boston, Auston, New York; however,
they are everywere else. You are able to find these listing in the
business school libraries of any large university. You (as a guest)
should be able to go look into these. They are also listed in
proprietary databases (usually in business schools). The most popular
one is put out by VentureOne, called VentureSource, but there are
others. There is another database called Galante's Venture Capital.
Here are the VCs that focus on medical/health devices (among other
sectors)
1. www.altapartners.com
2. www.assetman.com
3.www.bioasia.com
4. www.boulderventures.com
5. www.cmeaventures.com
6. www.crosspointvc.com
7. www.dougery.com
8. www.hanoverpartners.com
9. www.kpcb.com
10. www.medicusvc.com
11. www.newburyven.com
12. www.sbv.com
13. wwww.technologypartners.com
14. www.vertexmgt.com
15. www.waldenvc.com
16. www.woodsidefund.com
Also read Venture Reporter (a magazine) - lists who's investing in
which companies.
More online sources:
http://lifescience.venturewire.com/ - VC news
http://venturewire.com/ - VC news
http://www.ventureeconomics.com/
http://www.pwcmoneytree.com/ - lists who's investing in which
companies.
I hope this gets you off to a good start,
claudietta |
Clarification of Answer by
claudietta-ga
on
21 Jul 2002 03:05 PDT
Martin,
Finding angels is one of the most difficult things you will do among
the many phases of funding your venture, because they want to remain
invisible to entrepreneurs.
Here are some important facts:
Angel investors base their investment decisions on the following --
1) Relationships - Angels value the recommendations of network. So
getting an introduction from the potentially small network of trusted
individuals is important.
2) Expertise -Typically invest in industries they understand, to
better assess risks.
3) Geography - typically value geographic proximity, to monitor and
for to be involved.
The Angel Investors typically have greater than $1 million liquid net
worth, and have at least $100,000 annual income. Therefore, finding
them in the Forbes 400 riches people in America is recommended,
although not all of them are Angels
http://www.forbes.com/2001/09/27/400.html#searchlist
Here are two that are wealthy from inveting in medical devices
1) Sorenson, James L. $3 billion, 80 years old, Salt Lake City, UT
2) Abele, John E. $1.3, 63 years old, bOston, MA
Angels are concentrated in northern California (Silicon Valley),
Massachussets (Route 128), North Carolina (Triangle park), and Austin
Texas.
Majority invest <$250,000 per investment and typically expect an
avegage ROI of 33%.
Here is a starting point to finding more Angels --to which I have no
access--
Dirctory: Pratts
Software program: Dataquest
Convention: Oklahoma Investment Forum
Computerized matching network - these help link investors with
entrepreneurs
ICR Nationwide Private Investor Network
Other network/forums (same as above)
Center for Entreprenueral Development
Mid-Atlantic Venture Association
The Capital Network
Capital Link
Investors Circle
Rockies Venture Club
Technology Capital Venture
Great-Midwest Capital Coalition
International Capital Resources
You can also hire a placement agent (but be careful, since anyone can
call himself one)
(I have a very large paper by a Stanford Business professr that would
explain the Angel Investors market very well to you. [Author
Alexander Tauber and Irving Grousbeck; Note on Angel Financing, August
1998] However, I cannot post it here, not do I know if it's allowable
for me to do direct email. Search in here for more information on
the subject http://www.gsb.stanford.edu/research/)
I hope this help you,
claudietta
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