185: How to Build Multiple Hardware Product Startups that Succeed

185: Building a Successful Hardware Startup Multiple Times

July 20, 2023

With Rich Walsh, CEO of CorVent Medical

Hosted by Kevin Mako, President of MAKO Design + Invent

185: Building a Successful Hardware Startup Multiple Times
185: Building a Successful Hardware Startup Multiple Times

At the helm of CorVent Medical stands Rich Walsh, a seasoned CEO with a remarkable legacy of building eight successful companies. Before leading CorVent, Rich played pivotal roles in numerous enterprises, orchestrating their growth from inception to eventual exit through acquisitions or public offerings. With over 25 years of hands-on experience in the industry, Rich is eager to impart valuable insights to inventors, startups, and small manufacturers. His guidance sheds light on the rewarding journey of building a hardware startup and equips aspiring entrepreneurs with strategies to expedite progress, achieving ambitious goals even faster than their larger counterparts. As a repeat serial hardware startup entrepreneur, Rich’s knowledge is a true asset to those embarking on their own ventures.

Today you will hear us talk about:

  • In 2023, hardware startups have emerged as frontrunners in driving innovation.
  • When executed effectively, the hardware industry offers highly gratifying outcomes.
  • Startups possess remarkable agility, enabling them to outpace larger corporations in development speed, despite the latter’s substantial financial resources.
  • A clear company vision is paramount to attracting diverse stakeholders.
  • Prioritize crafting a top-notch product, and success in sales and financing will naturally follow.
  • The culture of your startup and the relationships with stakeholders play a pivotal role in your journey.
  • The earlier you embark on your entrepreneurial journey, the better. Even young entrepreneurs can achieve multiple successes long before reaching mid-career.

Rich Walsh Links:

LinkedIn | CorVent Medical

The Product Startup Podcast Links:
Instagram | LinkedIn | Facebook Page | Facebook Group | Pinterest | Twitter | YouTube

PTC Links:
OnShape | Creo

Mako Design Links:
YouTube | Instagram | LinkedIn | Facebook | Pinterest | Twitter

Kevin Mako Links:
Instagram | LinkedIn | Quora | Facebook | Twitter

Partner: PTC’s best-in-class software solutions Onshape: The only cloud-native product development platform that delivers full-featured computer-aided design (CAD), integrated product data management (PDM) and enterprise analytics in a single system, and Creo: 3D CAD solution that provides designers with the most innovative tools to build better products faster, such as generative design, additive manufacturing, real-time simulation, IIoT, and augmented reality.