The Medtech Innovation Podcast

Di: Spencer Jones
  • Riassunto

  • Medtech Innovation Podcast: Spencer Jones dives deep into winning medtech startup strategies. Each episode unpacks hot takes and insider tactics from the trenches of medtech innovation. Join physician inventors, founders, engineers, and healthcare market makers as they share actionable insights to navigate the FDA, secure medtech funding, and drive medtech breakthroughs. No-nonsense advice to be a change maker in medtech.
    ©️ 2024 XO Medtech
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  • The art of the pitch: How to master startup storytelling
    Oct 24 2024
    In this episode, I'm joined by Kat Weaver, founder of Power To Pitch and a successful entrepreneur who scaled and sold her first company she started in her college dorm room. With an impressive track record of winning 22 out of 23 pitches, Kat now helps founders craft winning pitch decks and fundraising strategies.In this episode, we breakdown:The Art of Effective Communication → Why pitching is a learnable skill, not just natural talent → The importance of practice and preparation→ Pitch scripts and boosting memorization → Common mistakes in pitch delivery and presentationKey Components of a Winning Pitch → Why starting with a compelling story and problem statement matters → The role of metrics and data in grounding your pitch → How to handle pitch decks vs. verbal delivery → Navigating Q&A sessions effectivelyThe Four Essential Founder Qualities → Coachability: Being open to feedback and improvement → Transparency: Being honest about struggles and challenges → Grit: Persistence through the fundraising journey → Passion: Genuine excitement about your ventureVirtual Pitching Best Practices → Managing energy and engagement in virtual environments → Professional presentation setup and background → Technical considerations for online meetings → Adapting communication style for virtual platformsFundraising Reality Check → Why venture capital isn't the only path forward → Understanding the statistics of VC funding → Exploring non-dilutive funding options → Strategic considerations before giving away equityBest Quotes: "If you don't have a concise formulation about who you are, what you do, and what you need, then you've already lost.""An opportunity to pitch is never wasted, ever. You never know who's in the room.""First dollars are way harder than last dollars. Getting to the 50-yard line on your fundraising opens up all sorts of opportunities."Want more insights on medtech innovation?Press the subscribe button to unpack hot takes and insider tactics from the trenches of medtech startups.FIND SPENCER JONES ON SOCIAL LinkedIn: https://www.linkedin.com/in/spencer-jones-5a008672/ XO Medtech LinkedIn: https://www.linkedin.com/company/xo-medtechFIND KAT WEAVER ON SOCIAL LinkedIn: https://www.linkedin.com/in/catw-weaver Power To Pitch: https://powertopitch.comPower to Pitch Fundraising Program:https://www.powertopitch.com/apply Power to Pitch grant Program:https://www.powertopitch.com/grantpowerRecommended Resources:"Traction" by Gino Wickman"Buy Back Your Time" by Dan MartellEpisode Timestamps: 0:00 - Introduction and Kat's journey to becoming a pitch expert5:40 - Core principles of effective pitching 7:58 - Hot takes on pitch decks11:08 - Four qualities Kat looks for in founders 12:55 - Common pitching mistakes and red flags 17:30 - Pitch Q&A considerations21:00 - Spencer gets roasted 27:08 - Pitching in a virtual world 31:52 - The formula for an impactful pitch35:58 - Hot takes on venture capital 37:37 - Book recommendations and closing thoughts
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    40 min
  • The Quality Mindset: Unlocking Medtech Success with Kyle Rose
    Oct 10 2024

    The Quality Mindset: Unlocking Medtech Success with Kyle Rose


    In this episode, Spencer is joined by Kyle Rose, CEO of Rook Quality Systems and expert quality and regulatory consultant, to explore the critical role that quality management plays in medtech innovation and startup success.


    Key topics covered:


    1. The Importance of Early Quality Integration


    → Why quality shouldn't be an afterthought in product development


    → Finding the right balance between speed and compliance


    → How quality processes can actually accelerate innovation


    1. Quality Management for Resource-Constrained Startups


    → Tailoring quality systems to startup needs vs. large company approaches


    → Leveraging external expertise and scalable solutions


    → How to efficiently achieve strong compliance


    1. The Impact of Quality on Exits and Acquisitions


    → How acquirers evaluate a company’s quality during due diligence


    → Planning for international expansion with quality processes


    → Avoiding post-acquisition quality headaches


    1. Evolving Quality Management Systems


    → The shift from paper-based to electronic quality management systems (eQMS)


    → Pros and cons of different QMS approaches for startups


    → Leveraging technology without losing human expertise


    1. Building a Culture of Quality


    → Involving the whole team in quality processes


    → The founder's role in championing quality


    → Extending quality mindset to manufacturing partners


    Best Quotes:


    "We don't want to slow down development or engineering, we want to keep [you] moving fast… let us handle the quality side and not slow you down.”


    “My personal pet peeve is having to go back and redo work - having a quality mindset really prevents that.”


    Want more insights on medtech quality and regulatory strategy?


    Subscribe to unpack hot takes and insider tactics from the trenches of medtech startups.


    Find Kyle Rose and Rook Quality Systems: Website: https://rookqs.com/ LinkedIn: linkedin.com/in/kyle-rose-rook


    Find Spencer Jones on social: LinkedIn: https://www.linkedin.com/in/spencer-jones-5a008672/ XO Medtech LinkedIn: https://www.linkedin.com/company/xo-medtech


    Episode Timestamps:


    0:00 - Introduction to Kyle Rose and Rook Quality Systems


    3:30 - What is elite quality management?


    7:45 - The importance of early quality integration in medtech startups


    11:45 - Kyle’s recommendation for early-stage companies


    18:02 - Quality management horror stories and lessons learned


    25:32 - The evolution of quality management systems and eQMS solutions


    30:43 - Rook’s secret sauce


    33:33 - How quality impacts exits and acquisitions in medtech


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    37 min
  • How to design medtech like Apple (from ex-apple engineer)
    Sep 25 2024

    I'm joined by Mark Norton, former Apple Manufacturing Manager and now Founder and CEO of Adele Health, as we explore the journey from tech giant to medtech startup and the challenges of building an innovative diabetes management solution.


    In this episode, we breakdown:


    1. The Apple Manufacturing Experience


    → Transitioning from oil rigs to the cutting edge of tech manufacturing


    → Insights into Apple's meticulous approach to product design and quality


    → Lessons learned from managing global supply chains during unprecedented events


    1. Applying Big Tech Principles to Medtech


    → Translating Apple's attention to detail into medical device development


    → The importance of user-centric design in healthcare technology


    → Balancing aesthetics with medical-grade reliability and accuracy


    1. Navigating the Medtech Startup Landscape


    → Challenges of developing FDA-regulated devices vs. consumer electronics


    → The critical role of regulatory strategy in product development


    → Importance of aligning incentives with suppliers and partners


    1. Building Adele Health: A New Approach to Diabetes Management


    → Creating user-friendly glucose monitoring solutions


    → Leveraging AI and machine learning for personalized insights


    → Balancing privacy concerns with data-driven health management


    1. From Concept to Market: The Medtech Journey


    → Importance of early regulatory planning and pre-submission meetings


    → Strategies for iterating on hardware and software designs


    → Building a team that bridges the gap between engineering and healthcare


    Best Quotes:


    "When your products are used every day, almost all the time… you have to have that elegant usability, the ruggedness, the durability, the reliability."


    "We have a phrase we keep using: we'll just figure it out. And I think that's startups to a tee. You just figure it out."


    "Always have a second source of supply. Never be sole-sourced."


    Want more insights on medtech innovation?


    Press the subscribe button to unpack hot takes and insider tactics from the trenches of medtech startups.


    📈 My FREE 5-day course for Medtech Innovators to create successful ventures: https://xomedtech.com/free-course


    🤝 Join the #1 network for medtech innovators on the internet. Become a member to accelerate your journey, collaborate and build valuable ventures. Try 7-days completely free: https://xo-medtech.circle.so/checkout/xo-membership


    FIND SPENCER JONES ON SOCIAL LinkedIn: https://www.linkedin.com/in/spencer-jones-5a008672/ XO Medtech LinkedIn: https://www.linkedin.com/company/xo-medtech


    FIND MARK NORTON ON SOCIAL LinkedIn: https://www.linkedin.com/in/mark-norton-adele/ Adele Health: https://adelehealth.com


    Episode Timestamps:


    0:00 - Introduction to Mark Norton and his journey


    2:54 - How to Strategically Approach Product Design


    8:38 - Applying Big Tech Principles to Medtech


    13:42 - Navigating the Medtech Startup Landscape


    18:03 - From Concept to Market: The Medtech Journey


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    23 min

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