Venture: Armen Vidian on Rethinking Medtech VC and AI Enabled Devices
Description
Venture capital veteran Armen Vidian joins Omar Khateeb to discuss the future of medtech investing, the missing link between tech and healthcare, and what today’s founders must do to attract capital and talent. From the challenges of clinical trials to the opportunity in AI-enabled devices, this conversation dives into the realities of building, funding, and scaling medtech companies in a shifting landscape.
Episode Breakdown:
00:00 Students of the market and what defines great founders
01:32 Armen Vidian’s journey from Racine to MIT to medtech
05:00 Lessons from Evolve and Abbott clinical trial pitfalls
07:11 Backing Proprio and the small world of medtech investing
08:05 Why Recode Ventures looks beyond traditional medtech VC
10:40 Attracting talent and capital into medtech
12:00 Sales culture versus tech culture in device companies
15:01 Why old go to market models no longer work
16:45 The incrementalism trap in medtech innovation
18:28 When Recode actually invests in devices
19:01 Marketing in medtech versus tech what’s missing
21:05 Why devices must be intuitive without hand holding
22:06 Cybersecurity as a non negotiable for FDA approval
25:04 Why tech enabled devices are the real talent magnet
28:32 Investor perspectives medtech versus tech risk tolerance
31:20 Why Proprio could be Tesla for medtech
33:29 Traits of founders who succeed in this space
35:02 Why medtech still attracts purpose driven entrepreneurs
36:41 Harsh truth lack of AI adoption already cost medtech jobs
38:01 Why incremental startups will not get acquired anymore
39:09 How closed club dynamics hurt new founders
42:09 What full stack medtech companies might look like
45:39 Talent pay and career realities in medtech
49:25 Lessons from Intuitive Surgical’s rise
52:15 Why surgeons deserve better design and experiences
55:17 Why disrupting medtech requires respect for its challenges
57:01 Books Armen recommends to founders
1:01:04 His top advice for entrepreneurs raising now
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