Orthopaedic Innovation: From Inspiration to the OR (2021 Annual Meeting)-Questions and Answers: Orthopaedic Innovation: From Inspiration to the OR

Questions and Answers: Orthopaedic Innovation: From Inspiration to the OR

Video Transcription

Video Summary

The discussion focuses on when to exit a startup, highlighting that timing depends on market readiness, clinical validation, and sales traction. Nat emphasizes exiting when the market is receptive, while Steve advises selling only when a compelling offer arises. Both stress perseverance through ups and downs and working long hours balancing clinical practice and innovation. They mention evolving industry dynamics, where companies now prefer established ventures over licensing ideas. Mentorship, creativity, and diversified interests prevent burnout. Finding engineering partners often involves networks and equity sharing. The conversation underscores dedication, collaboration, and strategic decision-making in orthopedic device entrepreneurship.

Asset Caption

Nathaniel Cohen, MD; Stewart Gitler, JD; Stephen Gunther, MD; Michael Havig, MD; Raymond Thal, MD

Keywords

startup exit timing

market readiness

clinical validation

sales traction

orthopedic device entrepreneurship