MedTech Snapshot Podcast

Medtech Snapshot episode #122: Successful Strategy Top to Bottom

Shockwave Medical VP of Global Operations & IT Luis Morales walks us through how companies can ensure their organizations strategy is successfully shared throughout the entire organization from production employees through to Excom. ​

Read the Interview:
​Welcome back to another MedTech Snapshot, the one question, one answer, highly digests medical device podcast. With me today is the global vice president of operations and IT, Luis Morales, Luis, glad to have you on. Travis, it's an honor to be here, looking forward to our discussion today.

All right, Luis, now we're talking about strategy and how you really drill that strategy down all the way through all the layers. So can you kind of walk us through what are some strategies you've used in the past where, you know, in a large company, how do you ensure the execution of that strategy is getting through all the layers of the organization? You know, call it from EXCOM all the way down to our floor operators. Yeah, this is this is a topic that I'm very passionate about.

And I think I spent a lot of my time as a leader making sure that I'm thinking about the right strategy and how to convey that to the organization. But it really starts with having a strong vision. Right.

And that vision has to be something that is easy to understand. You know, an example today for for global operations and IT and shockwave, our vision is that we we will and we amplify the lives of millions of patients by fostering a premier global workplace that sparks innovation. Right.

Read the Full Interview
​Welcome back to another MidTech Snapshot. With us today is Bill Karpu from Octane, and I'm really excited to talk through a variety of topics today, everything from Raising Capital to their Launchpad program, and even a brand new AI hub that's in development here in Orange County. So stay tuned.

Alright, Bill, so I'm really excited to start our discussion off today looking at Raising Capital. You know, I mean, this has been a huge discussion for MidTech startups, obviously, in particular, but, you know, it's, it's not been the easiest as of recent in your organization over the years. You know, since 2010, if I recall, you all have done 1600, give or take raises, and 86% of the companies that go through your accelerator, they've been getting funding in about 15 months.

Walk us through, how is that possible first? I mean, those are some pretty good stats. And what's the difference between the companies that are getting funding through your program versus the one that aren't? Yes, Travis, I mean, they are good statistics, if you look at it from that standpoint. And one of the reasons is that, you know, we work with or see about 550 companies a year, and whittle that down or do the diligence to get it to about 65 that we work with.

So we're already diligently out, if I could use that phrase, about 88% of the companies that we see. So, you know, we're dealing with a smaller and tighter nucleus. So, you know, that's that's one component.

The second and third are really, really critically fundamental to what Octane does. So, you know, one is that we've got a high degree of credibility with investors right now. And, you know, we're positioning these companies in, you know, I call it their first real smart money.

So it's either family offices, you know, ultra high net worth individuals or venture, you know, either strategic or institutional. So we've got we've got relative credibility with each of them. On the other is that we we've produced really good results and we've got data that backs up and an AI tool called Haystacks that we could give an investor a probability of success of their investment.