Tiger Buford and two industry veterans warn surgeon-inventors to avoid big orthopedic companies, which "slow walk" external ideas due to competing priorities. They recommend seeking venture capital, partnering with smaller firms, or working with third-party organizations to keep control and move faster.
Chapters
So, and they get burned and they sort of, and I kind of tell them, don't ever take your idea to a big company because they are not, they don't know how to innovate anymore. You know, they're just these giant engines of sales and inventory and contracts. They're not innovators anymore. That's why they buy startups. And so I, I mean, wow, this would be way better than making that mistake. Have you, have you seen researchers that have gone to the big companies and then stepped back?
I would say that we, we haven't been really privy to that sometimes. I, my, my own experience of, of, uh, while I was in industry and the surgeons, what are friends of mine who were surgeons would approach me with a good idea, I was almost every and every time telling them, don't go to the big companies, you know, either seek out VC money or go to a smaller company. I refer to it, I said, the big companies will slow walk your idea, and, uh, it's because there's a lot of projects going on and a lot of other priorities. I would— I, in our experience right now at ORF, no, I really haven't seen that, but I'm sure that happens quite a bit.
And so it's much better to go to a third party that is unbiased.