Venture capital survey reveals expectations gap between CEOs, VCs | Wall Street Beat Wall Street Beat

A survey of 158 CEOs and 216 venture capital firms revealed a large gap between the chief executives’ wish list for potential backers and what VCs think the CEOs want.

Startup CEOs in the IT and life science industries want VCs who are "entrepreneur friendly" and "collaborative" without being too hands-on in their approach, according to a survey sponsored by the National Venture Capital Assn.

And proximity trumps reach when it comes to location, with CEOs preferring VC shops with a presence in their area to VCs with bureaus around the globe, according to the survey.

Sign up to get our free newsletters delivered straight to your inbox

Gender matters too, with the CEO respondents, with 25% saying the gender balance among VC firms’ partners counts but only 10% of VCs citing gender balance as a factor.

"There is a gap between what CEOs are looking for in a VC firm and what VC firms believe CEOs want," according to the survey. "CEOs place great weight on what their peers and third parties say and think about your firm."

 Healthcare deals slide during H1 2013, but value rises 25%
There were 20.7% fewer merger & acquisition deals in the healthcare sector during the 1st half of the year, according to the Berkery Noyes investment bank, but the value of those deals rose 25% compared with H1 2012.

There were 157 deals worth a cumulative $8.0 billion during the 6 months ended June 1, compared with 198 deals worth $6.4 billion during the same period last year, according to the bank.
Read more

 Hansen, MiMedx release Q2 prelims

Hansen Medical (NSDQ:HNSN) shares were down more than 11% today after the robotic surgery company cut its sales forecast for the 2nd quarter, saying it expects revenues of $3.1 million to $3.4 million in the second quarter, down 4% to 12%. HNSN shares were trading at $1.25 apiece as of about 3:10 p.m. today, down 11.4%.

For its part, MiMedx (NSDQ:MDXG) said July 15 that it expects to beat the $13.5 million high end of its sales guidance. MDXG shares were trading at $5.91 as of about 3:10 p.m. today, down 1.0%.

 Biosense Technologies looks to crowd-fund its smartphone urinalysis system
Mountain View, California-based Biosense Technologies, maker of the uChek Universal smartphone-enabled urine analysis system, plans to crowdfund the device ahead of seeking 510(k) clearance from the FDA. 
Read more

 CAS Medical closes $6M round
CAS Medical Systems (NSDQ:CASM) said it will clear about $5.9 million from an offering of 5.2 million shares that closed yesterday. The shares went for $1.25 apiece, including a bloc of 3.2 million shares acquired by Deerfield Capital Management entities and Deerfield founder James Flynn.
Read more

 Analysts’ ups and downs

  • Bruker Corp. (NSDQ:BRKR): Cowen & Co. initiates coverage with “outperform” rating
  • Cyberonics (NSDQ:CYBX): Zacks downgrades from “outperform” to “neutral” rating, $55 price target
  • Edwards Lifesciences (NYSE:EW): Leerink Swann lowers price target to $80 from $85, maintains "outperform" rating.
  • Mallinckrodt plc (NYSE: MNK): Leerink Swann initiates coverage with “market perform” rating.
  • Philips (NYSE:PHG): JP Morgan Cazenove upgrades from “neutral” to “outperform” rating; JPMorgan Chase & Co. upgrades from “neutral” to “overweight” rating.
  • Stryker (NYSE:SYK): Citigroup reiterates "neutral" rating, raises price target from $72 to $78; Leerink Swann reiterates "outperform" rating, lifts price target to $79 from $74.

RSS From Medical Design & Outsourcing

  • GlobTek presents its latest level VI AC/DC adapter and connverter
    T-43086-WWVV-X.X-Q Model is an addition to GlobTek’s Level VI compliant GT-43086 family and represents GlobTek’s 6 Watt wall plug-in series of AC/DC adapters (power supplies and chargers) with International Interchangeable blades. GlobTek’s changeable input blade system with individual field replaceable input plugs, including: North America and Japan NEMA 1-15P, Australian, UK BS 1363, European CEE […]
  • Sanmina’s familiarity with FDA gets skin treatment product to market fast
    The medical market for cosmetic devices is booming. However, quickly launching new products to meet demand is becoming more challenging because device manufactures face increased regulatory scrutiny. To help meet regulatory requirements, aesthetic and other medical-device OEMs are partnering with electronics manufacturing services (EMS) companies that also offer expertise with the FDA filings necessary to […]
  • Fluid connectors and quick disconnects for IVD equipment from CPC
    Colder Products Company (CPC) offers thousands of tubing connectors, quick disconnects and fittings for smart fluid handling in IVD and analytical equipment. Non-spill connectors speed testing throughput by eliminating drips, preventing air inclusion and increasing operator safety. Panel mount connectors can be added to existing equipment or bottle caps to provide secure, leak-free connections. Puncture […]
  • 310 Watt desktop medical power supply meets efficiency level VI requirements
    Power Partners releases a new 310 Watt medical grade desktop power supply from their PEAMD Series of AC and DC adapters. The 310 Watt unit is packed for ideal performance inside a compact case measuring 7.8 x 4 x 2 in. with a weight of only 3 lbs. The PEAMD310 Series is approved to the latest […]
  • Saelig introduces Multiple Instrument System MIS4 universal test system
    Saelig Company has introduced the ABI Electronics’ Multiple Instrument Station MIS4, an all-in-one testing tool that provides all commonly required test instruments in one compact programmable hardware module, mounted in a compact case or installed in a PC-drive bay. Controlled by ABI’s sophisticated SYSTEM 8 Ultimate PC software with a simple yet programmable operator interface, […]
  • AssurX announces document management software update for small to mid-size companies in FDA regulated industries
    AssurX, an enterprise quality management, risk and regulatory compliance solution provider, announces the release of the latest update to their AssurX document management software. The document management solution provides a cost-effective solution for small to medium sized companies faced with streamlined operations and is fully compliant for FDA regulated industries. Ideal solution for small to […]
  • Saelig presents new Amplicon Impact-R 1100F series computer
    Saelig Company announces the Amplicon Impact-R 1100F series, a fanless system powered by the Intel ATOM D2550 processor. Configured with a high performance 2.5 in. MLC Solid State Drive (SSD), the Impact-R 1100F series is a silent controller system. With options for multiple serial communication ports, the Impact-R 1100F can offer up seven DB9 connections […]
  • Gerresheimer to acquire Centor
    Gerresheimer AG, a partner to the global pharmacy and healthcare industry, will further extend its pharmaceutical packaging business with the acquisition of Centor. Gerresheimer has reached an agreement with Nemera Development S.A. to acquire 100% of the share capital of Centor US Holding. “Centor is the highly profitable market leader for plastic vials and closures in […]
  • Methods Machine Tools presents the new Nakamura-Tome NTRX-300
    Methods Machine Tools, a developer of precision machine tools and automation, has introduced the new Nakamura-Tome NTRX-300, a multitasking turning center featuring complete parts machining in one operation, with a built-in load and unload automation system and advanced operator recognition management software. The NTRX-300 features true opposing twin spindles: an 8 in. A2-6 25 HP or […]
  • MSC Apex Diamond Python and Smart Midsurface speeds modeling to validation
    MSC Software announced a new release of MSC Apex, the company’s award-winning next generation Computer Aided Engineering (CAE) platform. The MSC Apex Diamond Python release introduces: · The fourth release of MSC Apex Modeler is a CAE Specific direct modeling and meshing solution that streamlines CAD clean-up, simplification and meshing workflow. New in this release is […]
  • Quality Metrics: FDA’s plan for a key set of measurements to help ensure manufacturers are producing quality medications
    Editor’s Note: This article is written by Ashley Boam and Mary Malarkey from the “FDA Voice” blog. Boam is an FDA’s acting Director of the Office of Policy for Pharmaceutical Quality, the Office of Pharmaceutical Quality and the Center for Drug Evaluation and Research. Malarkey is an FDA’s Director if the Office of Compliance and Biologics Quality […]

Leave a Reply