From CPA to Innovator in Medical Device Technology with Justin Zenanko
The Deal Scout Newsletter: Unveiling Innovations in Medical Technology
I’m thrilled to share the latest episode of "The Deal Scout" with you! This week, I had the pleasure of sitting down with Justin, a remarkable guest whose journey from a certified public accountant (CPA) to a key player in the medical device industry is nothing short of inspiring. Here’s a sneak peek into our conversation and the key takeaways that you won’t want to miss.
Key Lessons and Insights:
From Numbers to Innovation**: Justin’s transition from a CPA to raising capital for groundbreaking medical technologies is a testament to the power of adaptability and passion. His story is a reminder that diverse experiences can lead to impactful innovations.
Capital Raising **: Justin’s first foray into capital raising was for a gene-editing project aimed at creating pig kidneys for human transplantation. Despite the fear and uncertainty, he successfully helped secure nearly $70 million, showcasing the importance of commitment and relationship-building in the world of venture capital.
Aligning Interests**: At SynerFuse, Justin emphasizes the importance of aligning shareholder and patient interests. His approach ensures that both groups benefit from the company’s success, working on creating a win-win scenario for all stakeholders.
Innovative Pain Management**: SynerFuse is pioneering new technologies that integrate stimulation with spinal surgeries to address chronic pain. Their innovative approach aims to improve patient outcomes and reduce reliance on opioids, a significant step forward in pain management.
Intellectual Property and Competition**: With over 80 patents filed globally, they believe they are well-positioned to defend its innovations. Justin discusses the competitive landscape and the challenges faced by smaller companies in the medical device sector.
Curiosities and Highlights:
Entrepreneurial Roots**: Justin’s interest in accounting was sparked by his father’s entrepreneurial spirit and a family friend’s advice that becoming a CPA would provide insights into numerous businesses.
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Disclaimer: The content shared on this podcast is for informational purposes only and should not be taken as financial, legal, or tax advice. The views and opinions expressed are those of the host, Josh Wilson, and any guests, and do not necessarily reflect the official policy or position of any agency or organization.
Josh Wilson is a licensed real estate broker and an investment banker, but this podcast is not a substitute for professional advice. We strongly recommend that you consult with a qualified financial advisor, legal counsel, and tax professional before making any financial decisions or taking any actions based on the information provided in this podcast.
Justin Zenanko
President & CEO / Co-Founder
Mr. Zenanko is a Certified Public Accountant with extensive experience in corporate finance and entrepreneurship. He has held positions as director, senior vice president of corporate development, vice president of finance and chief financial officer of Recombinetics, Inc.
Mr. Zenanko holds a Bachelor of Arts degree with majors in accounting, economics with emphasis in finance, and marketing from Simpson College. He also holds a Master of Divinity from Crown College.