If There’s a New Model, What Is It? How Lean Can Be Rewarding
Last month several Biodesign alums had the opportunity for an in-depth personal conversation with serial medical device entrepreneur Erik van der Burg. Many of us were eager for the chance to hear directly from Erik about his approach to medical device startups.
We’ve been exposed to many of the headlining success stories of the past few years, which are always inspiring. However, the current funding environment has made the classic model of a big game-changing idea backed by bold venture capitalists as difficult as ever. Tolerance for risk among funding sources has diminished. This environment has led many in the space to ask: “What is the new funding model?”