I attended the new Venture Fair at the Himss Conference and applaud the organizers for launching this new cruise travel event. In spite of its maiden voyage, it was very well organized, well cruise travelbasic personal finance attended and very effective. In fact, the biggest difficulty was casino chip the weather not co-operating and the morning session had a majority of entrepreneurial presenters compared with qualified investors. By Mid Afternoon, with late arrivals, however, the ratio of investor to presenter was approximately business letter one-to-one.
I am looking forward to attending this event at next year's conference and anticipate that the word will get out and attendance will triple.
If there were a disappointment, it was that only Eclipsys business letter had a representative attending and all of the other major HIT vendors were absent. Part of that may have been because this was a brand new event. At the casino chip very destinations least, the big guys should want to keep basic personal finance their finger on the pulse of the up and coming destinations technologies. Some useful platforms were presented including cruise travel a patient smart card, biometric security and a voluntary casino chipgambling books patient reported health record.
In spite of the passion and creativity of this group of entrepreneurs, half of them will not be around in two years. The major hospitals are not early adapters. The implementation business letter of new technology can often be way more costly and difficult gambling books than originally anticipated and results are not guaranteed. Combine that technology risk with the "small company risk" and the sales environment is not very welcoming.
Like the entrepreneurs in the room, I too want to have a positive impact on the healthcare system, but our firm is a little investment-banking firm. So I am going to apply my passion and creativity to propose a new financial paradigm that is designed to accelerate the introduction of game changing technologies. I call this our Hybrid M&A Model. It is designed to provide the entrepreneur the capital to destinations develop his or her technology toward commercial success. This new model invites the big HIT cruise travelbusiness letter players in as venture investors.
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They would acquire a minority equity interest in promising companies with a call option exercisable casino chip at some future date at a predetermined, contractually negotiated valuation metric. Now for the hard part. They then take the role as a supporter of their investment and tell the entrepreneur to press on as an entrepreneur. The basic personal finance spirit, passion, and energy of the entrepreneur remain in tact. More importantly, the efficiency of the start-up remains in tact. Translation - very low overhead compared to gambling books a comparable product launch with a large company's infrastructure.
The advantages to the large company are that they create a very low cost and efficient R&D platform. They dramatically reduce their financial risk of major product development failures. They also spread their risk over a portfolio of promising technologies. If they do exercise their call option, they have actually helped the business letter seller make his/her company more expensive. However, it is likely that their pre-negotiated valuation metric will allow them to complete the acquisition at below current market value.
The entrepreneur is able to secure much needed funding to help develop his/her vision. More importantly, however, is the backing of the major HIT destinations vendor largely removes the "small company risk" component for the risk adverse hospital decision makers. basic personal finance This alone will accelerate the adoption of new technologies so they can reach the scale necessary for commercial success.
Some very casino chip smart and successful companies like Cisco Systems have deployed similar models with great success. They basic personal finance recognize they do not destinations have a monopoly on all the great new developments in their industry so gambling books they cast their net gambling books over a broad territory through this type of creative equity investment. Author: Dave Kauppi