Giovanni Lauricella is the cofounder and managing partner at Lifeblood Capital where they find people, money and insight for MedTech startup companies. Giovanni comes on a second time to talk about how to find investment for neurotech startups
***This podcast is sponsored by Iris Biomedical, check out their Neurotech Startup Services here***
Top 3 Takeaways:
- "If you take bad money it could really ruin a company. Good money simplistically saying is- You find an investor who really knows how to add value to your company beyond simply writing you a check."
- "An investible story from the eyes of an investor is number one. And number two, when you finally do click send make sure that you're doing the due diligence on the investors with that who ultimately you're reaching out to. That they make sense."
- "Everything else after that can be shared throughout the diligence process, which typically takes 2, 3, 4, 5 months. You have ample time to share a lot of information with them once they're already interested."
1:00 "Do you want to introduce yourself again?"
4:30 "How do you raise money in a med tech startup?"
9:45 Iris Biomedical ad sponsorship
10:15 "What is an example of bad money and how bad can bad get?"
18:15 "What are some tips for companies as they're raising money?"
22:00 "How do you get in contact with these people?"
28:15 "What's a wrong direction that a lot of people go down that could be easily fixed?"
35:15 "What percentage of that slide deck should be about the people in the company versus the technology? And then where can people find you?"