S3 E21 From ER Doc to CEO: Building a Multi-Million Dollar Medical Device Company with Elizabeth Clayborne

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In this conversation, Elizabeth Clayborne shares her journey from being an emergency physician to becoming a startup founder with her innovative product, NasaClip, designed to treat nosebleeds. She discusses the challenges and triumphs of transitioning from medicine to entrepreneurship, the importance of prototyping and market validation, and the steps aspiring physician entrepreneurs should take. Elizabeth emphasizes the need for balance in life, the value of investing, and her vision for the future of her company and her role as a physician innovator.

Takeaways

• Liz transitioned from emergency medicine to medical innovation. 
• NasaClip addresses a common yet mismanaged medical issue: nosebleeds. 
• Prototyping involved iterative design and collaboration with engineers. 
• Entrepreneurs must be resourceful and willing to take risks. 
• The first sale was a significant milestone in her entrepreneurial journey. 
• Protecting intellectual property is crucial for startup success. 
• Balancing personal life and entrepreneurship requires support and self-care. 
• Investing in startups can be accessible to more than just the wealthy. 
• Liz aims to inspire other physician innovators, especially women of color. 
• Success in entrepreneurship is a marathon, not a sprint.

Important Links

LinkedIn: https://www.linkedin.com/in/elizabethpclayborne/
Instagram: https://www.instagram.com/drelizpc
Website: https://linktr.ee/drelizpc