Dr. Tom Fogarty: Venture capital is dead and it's starting to stink (MassDevice)
The director of the Fogarty Institute, medtech legend Dr. Tom Fogarty, shoots off some fireworks at MassMEDIC's 18th annual Medtech Showcase.
In the 50 years since Dr. Tom Fogarty invented the catheter-based treatment for blood clots that's now the standard of care, he's founded more than 30 medical device startups, placing him among the most prolific inventors in the biomedical space.
Forgarty is also, without a doubt, the industry's best quote.
"Venture is dead and they don't know it," he told a crowd of medtech execs in Boston Friday. "But they're starting to stink."
Fogarty, the keynote speaker at MassMEDIC's Medtech Showcase, spoke at length about the lack of early-stage funding for medical devices and the hurdles that continue to mount for the companies he's dedicated a career to fostering. Fogarty is the chairman of the Fogarty Institute for Innovation in Mountain View, Calif., a not-for-profit established in 2007 that has more than 13 emerging medtech companies enrolled in its mentoring program.
At 80, Fogarty clearly still has fire in his belly, especially when it comes to the environment for ...
