THE PHILOSOPHY of Magic Venture Capital is that venture capital groups should bring more than financial resources to a newly founded company. The MVC management team assists the majority of its portfolio companies by playing key roles in the early management of the company. The ability to provide seasoned individuals that participate in the portfolio companies, provides a unique opportunity to build incremental value that cannot be provided by traditional venture capital sources.
The management team brings over 50 years of successful healthcare management to its portfolio companies. The multidisciplinary team provides expertise in engineering, regulatory affairs, finance, manufacturing, operations, marketing, distribution, and general management. Additionally, MVC offers the ability to engineer state-of-the-art prototypes and provide working models of most medical devices. This diverse management background is a critical factor in driving the strategy of accelerating incremental value of the companies in which we are involved.
MVC focuses on the healthcare industry, which it believes will continue to produce outstanding investment opportunities. Healthcare opportunities are driven by cost reductions through the development of new technologies, techniques and procedures, and by the rapid growth of medical care in developing countries. Small start-up companies tend to fair well because of the trend toward large healthcare companies acquiring, rather than developing new product lines.