In reading about the failure of ViewRay and thought that it was representative of how orthopedics companies have failed in the past and how orthopedic companies will fail in the future.
We can all learn from the mistakes of companies like ViewRay.
Below are 6 errors that we can all learn from.
1/ Raised too much money.
ViewRay got high on their fund raisings, became over-confident and built too large of an expense base before sales came in. ViewRay's total funding was $877M.
2/ Went public pre-revenue in a 2021 using a SPAC vehicle.
SPACs are not required to do the same level of due dilig...
The Orthopedics Industry 