2. Medical device startups are an endangered species

[Photo by Ralph Mayhew on Unsplash]
Terry Murray has been involved with start-ups for over two decades, either as part of the company or working with them as he does today as VP of strategic development at Rev1 Engineering (Murrieta, Calif.). He watched startups wither after the attacks of Sept. 11, 2001, and the Great Recession of 2008.
“I’m curious to see if this might be the final nail on the coffin of the traditional startup,” Murray said. “I don’t think the model really serves us anymore.”
Murray said incubators and accelerators help, but he sees the virtual model adding more value.