Medsider: Learn from MedTech and HealthTech Experts

Lessons Learned From Selling 3 Medtech Companies: Interview with ThermoTek Chairman Robert Kline

February 28, 2022 Scott Nelson
Medsider: Learn from MedTech and HealthTech Experts
Lessons Learned From Selling 3 Medtech Companies: Interview with ThermoTek Chairman Robert Kline
Show Notes

In this episode of Medsider Radio, we’re sitting down with Robert Kline, the Chairman of ThermoTek.

Robert left big pharma to start Medivance in 1998, which he later sold for $260 million in 2011. His next venture, ViroCyt, a spin-off from the University of Colorado, sold in 2016 for $16 million. Robert then joined startup Bolder Surgical in 2017, pivoted it, and sold the company in 2021 for $160 million. He’s now Chairman of ThermoTek.

In this episode of Medsider, Robert shares the lessons he learned from leading three medtech companies through successful acquisitions: never underestimate the importance and difficulty of fundraising, don’t assume everyone has the problem you want to solve, and don’t build your company around an exit.

Before we jump into the conversation, I wanted to mention a few things:

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Lastly, here's the link to the full interview with Robert if you'd rather read it instead.