Uncork Capital avoids health startups requiring upfront FDA approval
Andy McLoughlin · 20VC: Andy McLoughlin on The Benefits of Backing Unsexy Businesses with Non-Obvious Founders, How To Distinguish Between A Good Bridge Round and A Bridge To Nowhere & Whether VCs Really Do Add Value? · May 8, 2018 · at 21:41
Andy McLoughlin, Partner at Uncork Capital, describes the firm's investment strategy regarding regulatory risk in digital health and health hardware.
0:00 / 0:20exact quote · 20.6s
720p mp4 · rendered on demand · StarZero watermark
“Yeah, I mean, I think we stay clear of anything which is too highly regulated. I mean, we do a lot of look at digital health. We look at hardware and health, and in any of these areas, we try and find products that don't necessarily need FDA approval, in order to go to market initially, they may do so for a future version of the product or, you know, a future product line, but we don't want that to be a stumbling block.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Andy McLoughlin
Startups Passing 150 Employees No Longer Need Hustler Founders
“When a company gets past a 150 people and, you know, start getting up towards, you know, 200, they don't really need the kind of hustler Founder there anymore. They need people who are going to adhere to processes and, you know, get stuff done and not trotting…”
Party Rounds Will Show Major Downside in Coming Months
“And I think, you know, the, one of the big issues that we're going to see in in the market over the next few months is this, the downside of the party round.”
SoftTech VC Avoids Outside Seed Plus Rounds as Red Flags
“What we don't generally do, though, is look at C C primes, or C pluses, or second Cs, or C twos, or C Bs, from companies that aren't already in the portfolio. Cause generally that smacks of a company that went out to raise a series A and failed.”
VCs Will Use Leverage Over Startups Whenever Possible
“Well, exactly, because, you know, the thing that you have to remember is that VCs are, at the end of the day, in the business of trying to make money, and if they have leverage over a company, they will probably use it.”
Enterprise Software Requires Top-Down Sales for Real Revenue
“Grassroots is great because it can just spread like wildfire inside an organization. It can move from org to org very virally, but I think, you know, to make real revenue, you kind of need to you need to be kind of selling top down.”
Silicon Valley remains the best place to incubate global startups
“And I think if you believe that great entrepreneurs and great businesses can be born absolutely anywhere, but this is probably still the best place in the world to incubate them, then finding those teams and finding those people who maybe don't look, you know,…”