Kyphon was an amazing disruptive exponential growth spine company.
Just try to wrap your head around the Kyphon sales trajectory (never to be seen again).
1996 – First funding
2000 – $6M sales
1998 – FDA approves balloon kyphoplasty, but not the bone cement filler.
2001 – $36M sales
2002 – $76M sales (IPO)
2003 – $131M sales
2004 – $306M sales (*FDA approves use of tamp with cement in the spine without any clinical data.)
2005 – $408M sales
2007 – acquired for $4.2B by Medtronic
Fast forward to startups today and we just don't see companies taking moonshots like the startups in the 1990s.
S...
