Medical Device Entrepreneur Raises $500K, Seeks Another $3-6M

Jud Carlson's Florida based company Intercept helps advance the way patients manage severe pain from failed back-surgery syndrome and from cancer.

Jud did not invent the technology but acquired it from a German based company because it was not part of their business model.

Angel investors put $500K into Intercept because:

• They believed in the technology that was being acquired
• Intercept was able to recruit the chief engineer of the company whose technology they had acquired

Intercept is now looking at raising another $3-6M for further research and development. Their eventual exit strategy is to be acquired believing that their larger competitors would rather acquire Intercept's technologies than try to develop it themselves.

Read more here.

For more information, visit www.EvanCarmichael.com.