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Making the Cut


Posted by mddiadmin on September 1, 1999

Originally Published September 1999



FINANCE


Stacey L. Bell


So, your company has a great idea for a new medical device that would make a current surgical procedure less invasive, thereby shaving more than two weeks off patients' recovery time. Your R&D department has created a prototype, you've done some initial clinical testing, and you've assembled a crackerjack team to get the product off the ground. All you need now is the capital to support that team, right? Well, maybe. Before you take the leap into full-scale development, now would be a good time to make sure that your fledgling product has what it takes to win a venture capitalist's heart—and checkbook.


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