MedCity News interviews Claremont Creek Ventures’ Ted Driscoll

July 11, 2012  source: MedCity News

Ted was recently interview by MedCity News for two articles:

Here are some excerpts from the interviews:

Biggest threat to investment in startups? Not enough unique intellectual property

The number of apps that have been produced to date is prodigious, with about 40,000 available , some media reports reckon. And investment has surged.

Last year, about $439 million was invested into 70 deals for that develop apps along with tools for online social networking, according to a Dow Jones Venture Source report published earlier this year.

But as Ted Driscoll, a technology partner with venture capital firm Claremont Creek Ventures sees it, investors interested in the space could be turned off by companies with products that can’t be protected from would-be copiers. Theoretically, patents are only supposed to be issued if products are unique and different, but it doesn’t always turn out that way.

He also talked about a recent investment in a company with an ear exam tool as part of an iPhone app. He spoke to MedCity News a its CONVERGE conference in Philadelphia Tuesday.

Read the full interview at MedCity News




VCs say a coachable entrepreneur, strong make convergence worth investing in

Ted Driscoll of Claremont Creek Ventures said the composition of team is just as important. “It always worries me when I get three biology PHDs pitch me,” he said. “You’ve got to have a complimentary team.”

Driscoll said his team also looks hard at intellectual property and market advantages.

“There needs to be a wall built around what you’re doing so people can’t just rip you off,” he said.

There was a bit of a clash of philosophies at the investor panel at CONVERGE. Driscoll reports to long-term investors who want a regular return on their investments and has to take a dispassionate view of all the he meets.

“I wish I worked for a charity so that I could invest based on clinical impact alone, but I don’t,” he said. “I see so many great ideas but no business model.”

Driscoll said Claremont Creek does about 5 health deals and five other deals per year.

Read the full interview at MedCity News