Good Money After Bad Essay

1327 words - 6 pages

United States and its population, over 308 million habitants, is the 3rd largest country in the planet, when compared with countries such as China and India (data, 2010). According to an article called “The medical device market in the USA”, at an estimated US$105 Billion in 2011, the US Medical Device Market is the World’s largest. United States is home to various medical devices producers; American companies such as Johnson & Johnson, General Electric (GE), among others, are part of the top 10 medical devices manufacturers in the planet. (MPO, 2012). With that said, the Medical Devices industry is considered large and with excellent potential for growth, due to the high investments ...view middle of the document...

Since President Obama passed the Healthcare reform bill in 2010, when giving 30 million of Americans, the possibility of having medical insurance coverage, the demand of health services is obviously increasing, and that is opening the door for emerging companies and more competitors in the biomedical device field, now reaching 6 thousand, just in the US. (Jill Jackson, 2010) We have to remember that behind these companies, there are talented individuals, working on research and innovation, such as Jack Brandon’s from “Seven Peaks Tech”, that in search for capital, and believing in his dream of developing innovative medical devices for surgeons, started an adventure as entrepreneur, despite knowing that VC firms may or may not be interested in his inventions. He was courageous and adventurous, and just right after exhausting part of his savings, was able to convince Lynne Weekes, from Scharfstein Weekes, a firm with 200 million dollars in raised funds, in believing in his technology on investing 600 thousand dollars he needed to polish his “non stick prototype” and get FDA approval to start commercializing. It happened months later, but with low progress to report a year later for limited market extension, but giving birth to a new idea using the same technology.

It is understandable that the firm is hesitant on investing 400 thousand dollars more on a new discovery, and there is when Christian Harbinson, Ventura Capital Advisor from Scharfstein Weekes, has a big challenge in analyzing Brandon’s ideas and business plan, for an assertive recommendation for the firm, risking their capital on the new initiative. Harbinson’s SWOT analysis may look as follows:

Strengths: * Existing technology * Patented invention * Probably quick FDA Approval * Doctors willing to try * Knowledge and experience in the field * High market awareness * Large possible market for commercialization ( hospitals) | Weaknesses: * Costs of infrastructure for massive manufacturing * 6 thousand companies to compete to * Cost of labor ( internationally cheap) * Past failure * Channels of distribution * Cash flow issues * Time limit ( Slow educational process for customers * Seems to be a cosmetic product and companies are looking for non expensive solutions offering the same results |
Opportunities: * Good feedback from doctors * Obama’s healthcare reform * Tax incentives for small businesses * New device ( probably cosmetic) with no competition * Knowledge of the Medical device field * Business Education * Patent protection | Threats: * Financial crisis * Lack of trust from VC investors ( Hesitant on investing in new technology) * Other countries like china, making high quality imitations * Long term exit for VC firms |

According to Wind hover (Brett I.W Zbar, 2010), normally a successful medical device product could be developed with $50 millions of invested capital and sold for $150 or $200 million...

Other Essays Like Good Money After Bad

the presidents of the usa Essay

473 words - 2 pages leaveHarvard educatedInsecureHad a lispCraved fame and powerPersonality not suited to be presidentProne to angerXYZ afarAlien sedition acts… you couldn't print stuff negative about politiciansPresident has more power during a warWas the president who came up with the navyAdded the navy to our army5th secretary added to cabinetJohn Adams leaves Washington during the middle of the night after losing to JeffersonJohn Adams was considered a bad

Huck Superstistion In The Novel Essay

1850 words - 8 pages they would die. “Jim said bees won’t sting idiots; but I didn’t believe that, because I had tried them lots of times myself, and they wouldn’t sting me”. In Chapter ten, Huck and Jim run into good luck and bad luck. The good luck was Huck and Jim finds eight dollars in the pocket of an overcoat. After dinner on Friday, they are lying in the grass, then Huck ran out of tobacco, so he went to the craven to get some, and finds a

Death Penalty

621 words - 3 pages . Also by having death penalties it will prevent from other people doing such things as killing because they will be afraid of dieing and won’t risk their lives for doing this. Having death penalty will be good in all ways, first the government won’t need to waste money for years with food for these murderers, they won’t need to construct large prisons such as the ones that we have, and they won’t need to be worried what is happening in the

Robert Clive

870 words - 4 pages of the Indians. Then after he raised the taxes he decided to take as much money from them as possible and he managed to do this, and as a result the EIC did get richer. I think this was very wrong, taking money for your own selfish needs!, although his idea was very clever it was also very wrong, and someone should have stopped him and told him how bad it was. Clive went back to England, On the 22nd November 1774 he was found dead, in his

Show Me the Money

1776 words - 8 pages no matter the consequences. Through the course of this paper I will discuss the roles of money as a matter, a means, and a measure. This movie is based on the true story of Chris Gardner, a man living in San Francisco with his wife and son. Financially, times are tough, money is tight, and Chris has a really bad job. The family is behind on their bills, the rent, and his wife Linda is reaching the end of her rope. The movie title implies that

Term Paper

1617 words - 7 pages that we ought to give up any surplus money we might have and send it to places like Bengal to prevent people from suffering or dying. However, is this really something we are obligated to do? Peter Singer relies on two main principles that help him establish his conclusion. The first principle state that, “…suffering and death from lack of food, shelter, and medical care are bad” and that “if it is in our power to prevent something bad from

Breaking Bad Media

2049 words - 9 pages even after he makes enough money to go into remission, he still continues his drug business. It reflects a classic conservatism ideology that (quote Gustavo Fring) “a man provides for his family…because he is a man.” When he advocates this, his facial expression is strained with anger as if it is the most important thing in society. Breaking bad replicates this as the close ups really illustrate the seriousness of this issue, the constant pan from

Aristotle and Looney Tunes

2576 words - 11 pages internally with the decision. He wants to keep the money for himself but decides through reason that the right thing to do is to return the money and does so. Deliberation has triumphed over passion in the case on Man Y. Surely then Man Y deserves more recognition due to having to overcome his natural will for the bad. He has done good despite his passion for bad. That is not to say that Man Y is subjectively preferable. It is also intuitively

What Personal Accounts For Social Security Should Be

894 words - 4 pages In his State of the Union Address, President Bush said that the Social Security system is headed for "bankruptcy," He also made his proposal on private Social Security accounts. What the president proposed sound like a good idea, but in fact they violate the rules and are not following the current facts.The president said: "In addition, you'll be able to pass along the money that accumulates in your personal account, if you wish, to your

Corruption and Black Money in Politics

4630 words - 19 pages finance recent election and the forth coming assembly election and to recover that overall increase in prices are experienced. They say after the assembly elections are over this excess increase in prices would go. Bad side of this effect is that ordinary people are not saddled with extra black money and having only white money, so they most of the times suffer due to this rise in prices of commodities. To absorb this ever increasing black

Public or Private School

603 words - 3 pages In Japan, a lot of mothers are worried about their children’s futures after graduating. “Which is better for our children, public school or private school? I have no idea.” The reason why mothers worry about it is that both public and private school have good points. I think public school is better than private school simply because the former requires less money. However, some people claim that private school is better. What are the differences

Related Papers

The Charateristics Of A Good Boss As Opposed To A Bad Boss

1093 words - 5 pages work is up to standard, then everyone makes money, if not it can break a business. In the property preservation field, a good boss handles employee challenges differently than a bad boss does. A good boss will first make sure that all employees are properly trained. There are a lot of details to remember in this field. An employee must take before photos of every property inside and out. This includes the a/c unit, the lock box with code and

In Order To Become Financially Responsible Adults, Children Should Manage Their Money At The Young Age

530 words - 3 pages It is widely admitted that the money owned by children should be handed with by them so as to help them become financially responsible adults via enabling them to realize what money is, how to use money and why money should be planned to use. However, they fail to realize that children do not have the ability to manage money and managing money, children may develop a bad habit---abusing money. What is worse, Authorizing children money will also

Experience With Sale Person Essay

672 words - 3 pages so much money for the bad quality and false promises. I lost my money and had to waste my time to go to the store again. Of course, I didn’t get my money back. I received store credit, which would allow me to get another purse of the same value. But how would I now trust the Gucci quality and how would I now trust the representatives in the store? This purchase experience was very bad for me both emotionally and financially. After this

Power Of ,Oney Essay

563 words - 3 pages money they are earning, can’t be taken a bit of that when they die even they are minting more and more money. What a paradox Money has become their master and they are just slaves, having no peace of mind, no moral and ethical values, no inner satisfaction. So it is rightly said that money is a good servant but a bad master. Let us use the money for our comfort, not for the sake of money, minting more and more money.