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7 ways you can doom your medical device startup

May 4, 2018 By Chris Newmarker

death skull failure medtech startups medical device startup

[Image from Unsplash]

Randy Nelson has worked with medical device startups for more than a dozen years through his Evergreen Medical Technologies (St. Paul, Minn.), as well as the University of Minnesota’s Carlson School of Management.

A product development veteran of St. Jude Medical and Boston Scientific, Nelson has pretty much seen it all when it comes to the ways a medical device startup can doom itself to failure.

Here is his top seven list when it comes to reasons for medtech startup failure.

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(And find out more from Nelson at DeviceTalks Minnesota, June 4–5 in St. Paul.)

Chris Newmarker is the executive editor of WTWH Media life science's news websites and publications including MassDevice, Medical Design & Outsourcing and more. A professional journalist of 18 years, he is a veteran of UBM (now Informa) and The Associated Press whose career has taken him from Ohio to Virginia, New Jersey and, most recently, Minnesota. He’s covered a wide variety of subjects, but his focus over the past decade has been business and technology. He holds bachelor’s degrees in journalism and political science from Ohio State University. Connect with him on LinkedIn or email at cnewmarker@wtwhmedia.com.