Very Questionable. Don'T Use 'Em If You Don'T Have To.
Fund: Accuitive Medical Ventures
Posted by beantown med about 22 hours ago
They are really schizophrenic! Trying to build a brand, but they don't know what they really want yet. Alot of the talented folks turn over very quickly there. That tells you something.
Their incubator is a real concern too. I have heard horror stories from inventors about what the incubator wants in terms of equity.
PRIVATE: Members OnlyWatch Your Ip! Their Incubator Will Steal 'Em!
Fund: Accuitive Medical Ventures
Posted by Anonymous on 2008-05-25
I pitched this team. AMV would not sign an NDA at all. They weren't interested in investing in my company (I don't think they evere were....) and instead tried to get me to turn my technology over to them so that they could manage it in their proprietary incubator, The Innovation Factory. Well, of course, I said no. They wanted 75% of the company and to run it in Atlanta!
Well, 6 months after I pitched to AMV, I found out from one of my current board members and investors that they founded a copycat company in the exact same space in their incubator. BE CAREFUL! The VC partners are also the incubator guys and they have no problem taking ideas that they hear about from entrepreneurs and using them in their incubator.
My lawyers said I don't have much recourse because they didn't sign an NDA. I really was stuck, because I had to tell them everything or else there was no chance they'd invest. It sucks to be in that position.
Watch out for them. I think we have enough of a head start and a strong enough IP position to block them, but now I have a whole new problem to worry about with them.
PRIVATE: Members OnlyCan'T Keep Their Word. I Will Not Bring Them Another Deal.
Fund: Accuitive Medical Ventures
Posted by Heartfelt on 2008-05-22
This guy Weldon met with me at H&Q a couple years back. I am a serial entrepreneur and have been doing this a while. He told me to my face that they were in my Series A (I had a lead investor, and just needed a small player to round out the round, so I thought these guys might be OK for that. He told me they were in, no doubt about it, stop fund-raising (It was a hot deal and a lot of others wanted in). Two weeks go by and then he has a junior partner call to say that they cannot do the deal and that Tom wanted to change his mind. Just classless, I tell you. Luckily, I am a known entity and the deal was hot, so I got a replacement very easily. I will not bring another deal to them.
PRIVATE: Members OnlyJust Nothing There
Fund: Accuitive Medical Ventures
Posted by FundedCEO on 2008-05-19
When I think of good medical device VCs, I think of the good brands. There really was no brand here with AMV. Something about AMV seemed funny from the start. I didn't get a sense that they knew what they were doing. Also, most of their investments are in their own seeded companies so their CEOs are themselves, I guess. I talked with a CEO of theirs and their opinion was that AMV was obtrusive and detrimental, trying to cut deals to benefit AMV (and their other portfolio companies) by using the company as a pawn. I'm glad I didn't go with them.
PRIVATE: Members OnlyPoor V Cs, No Value Add, Obnoxious And Out Of The Loop
Fund: Accuitive Medical Ventures
Posted by DCMedDevD on 2008-04-07
They spent most of the time trashing my technology, trying to get a lower valuation and telling me how I didn't have much; then they tried to take the IP off my hands by putting it in their 'proprietary incubator' and taking 75% of the common stock! Are they for real? Who would take this kind of a deal???? Have they done anything significant among themselves as partners?? Then they said that they were the only way to get in to versant. Ha! How did these guys get any money to invest? Read the private posting!
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