My partner and friend started doing some research a couple of years ago and is now done prototyping and about to start mass production of a new device.
He has been very private about it but has agreed to show it to me and the device has good potential. His research group has won several grants and awards regarding this specific device. He has never solicited money. A while back I asked him to let me know when the next round of capitalization would come up. They are now selling shares. I have a business background but never invested into a medical device startup. Any tips or resources anyone can point me towards? So far I have received a CAP table, a term sheet for the sale of the shares, and an executive summary for the company (mission, market share, forecasts, product pipeline, and such). They just hired their first COO. I reviewed the contract for the COO and it satisfies my standards.
He has been very private about it but has agreed to show it to me and the device has good potential. His research group has won several grants and awards regarding this specific device. He has never solicited money. A while back I asked him to let me know when the next round of capitalization would come up. They are now selling shares. I have a business background but never invested into a medical device startup. Any tips or resources anyone can point me towards? So far I have received a CAP table, a term sheet for the sale of the shares, and an executive summary for the company (mission, market share, forecasts, product pipeline, and such). They just hired their first COO. I reviewed the contract for the COO and it satisfies my standards.
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