Today’s message is a little bit more urgent than usual, and here’s why: the startup I’ve been talking about lately is about to close down their raise. Tomorrow night at 11:59 p.m. ET, the doors to this particular opportunity will be closed.
Now that I’ve gotten that out of the way, let’s rewind a bit. In case you need a refresher, we’ve spent the better part of the past two weeks talking about a medtech startup that’s making huge waves in the field of orthopedic surgery.
If that sounds a bit niche to you, consider this: Generally speaking, I look for a total addressable market (TAM) of at least $1 billion. The startup I’m talking about today? They’re operating in an industry that’s currently valued at $19 billion. In just a few years, experts think it’ll be closer to $24 billion.
We’ve already talked about some of the other things I love about this company – it’s led by a star founding team; it’s working to solve a critical problem affecting hundreds of thousands of Americans a year; and the coolest parts of its tech are totally proprietary.
But there’s one last thing I wanted to talk about today – and it’s something I’ve gradually noticed as I’ve followed this startup’s story over the past few months.
Too often, a startup raising money struggles to maintain a healthy balance between moving the company forward and bringing in more capital.
Both of these things are full-time jobs; it’s only natural that most people struggle to do them simultaneously. But all-star entrepreneurs are not “most people.” They’re wired for success precisely because they have a unique ability to fire on all cylinders, all the time.
And as I’ve watched this particular startup over the course of its raise, I’ve noticed that the guys at the helm of this company have got that “star power” we’re all looking for.
Not only have they raised more than $10 million so far… They’ve also managed to hit some major milestones along the way. Like making critical key hires… Filing patents… Securing agreements with bigger companies… hosting webinars… and much, much more.
What this really tells me is that these guys have hustle. They aren’t just here to raise money for some experiment, or for the glory of being able to say they once ran a business. They are here to grow that business… and I suspect they have what it takes to do just that.
It’s truly refreshing to come across a startup that continues to impress again and again. But they’re only accepting new investments for one more day – and our memberships to access all the details are running out. So if you’re interested in learning more, just click here.
We’ll talk soon.
Until next time,
11 responses to “Here’s What the Best Founding Teams Are Made Of”
April 23 2020