Glad to have you back to another episode of the Startup Junkies Podcast!
The podcast crew is back in person and better than ever! In this episode, Jeff Amerine and Caleb Tally meet with Vance Clement, CEO, and Spencer Jones, Founder, and CTO, of Lineus Medical. With their company being right on the heels of FDA approval for their flagship device, Safebreak Vascular, you won't want to miss this discussion! We cover all things from balancing expectations, responding to failure, and navigating what’s next after success.
Thanks for tuning in!
(1:22) Introducing Spencer Jones and Vance Clement
(1:27) Origin story of Lineus Medical
(9:25) SafeBreak Vascular in the Marketplace
(12:43) Pros and Cons of Accelerators
(20:58) Future of Lineus Medical and Venture Capital
(24:29) Transitions from Day Jobs to Entrepreneurship
(26:59) Counting the Cost and Responding to Failure
(35:44) Advice to Fellow Entrepreneurs
(39:45) Wrap Up
"As startups do, [we were] trying to balance things on a knife's edge. We were waiting to get clearance and then we would have lots of money, and if we did not get clearance, we would have zero money." (9:25) - Vance Clement
"[A good accelerator] can be really valuable with helping you grow, helping you learn, but then helping you expand your network in areas where you may not have a lot of contacts." (15:11) -Spencer Jones
"It'll become painfully obvious when it's time to leave your current employer for your entrepreneurial endeavor." (28:40) Spencer Jones
"A simple rule: the rule of PI, it's going to take 3.14 times longer than you think. And cost 3.14 times as much money." (37:14) Spencer Jones