#20 - Tom Burke: Hunting Innovation, Building Legacy

www.lifeblood.com

Hosted by Giovanni Lauricella, in this episode we interview Tom Burke, CEO and Founder of Vail Scientific. Tom shares his story of transitioning from BioPharma to MedTech and growing companies. Giovanni and Tom discuss working in a family run business, running a MedTech company vs a BioPharma company, evaluating and managing your board, fundraising, bird dog hunting, and more.

You can learn more about Vail Scientific and their breathalyzer technology for sepsis detection at www.vailscientific.com

This episode is sponsored by Minnetronix Medical, a design and manufacturing service provider for medical device companies. To learn more about Minnetronix Medical's services, visit www.minnetronixmedical.com.

Chapters

• 0:00 Intro
• 1:32 Hunting with Bird Dogs
• 20:30 Who is Tom Burke?
• 35:06 Jesuit Retreat
• 56:15 Family Run Businesses
• 1:04:15 Reentry
• 1:16:13 Transitioning from BioPharma to MedTech
• 1:23:04 How to Grow a Business
• 1:33:06 Running a MedTech Company vs a BioPharma Company
• 1:47:54 Vail Scientific
• 2:03:50 Finding the Next Step and Right People
• 2:12:44 Vail Scientific's Technology
• 2:20:33 Finding a Partner for Design and Manufacturing
• 2:28:37 Raising Capital
• 2:41:17 Evaluating and Managing Your Board
• 2:50:43 The Twin Cities MedTech Hub