1. Students to Start-ups Entrepreneurial Skills Workshop Series The Les Kilpatrick How to Prepare Your Medical Device Company for Acquisition Students to Start-ups The Les Kilpatrick Entrepreneurial Skills Workshop Series February 17, 2009 Process Overview

2. Students to Start-ups Entrepreneurial Skills Workshop Series The Les Kilpatrick Chance, Choice, Change and Challenge* 5 “at-bats” Combination of base hits, strike-outs and homeruns – Change = demographics – Chance = personalities, priorities and interests – Choice = personal goals and ambition – Challenge = how to bring it all together How best to maximize your opportunity? What Animates Your Career? *Jonas Salk, Man Unfolding, 1972

3. Students to Start-ups Entrepreneurial Skills Workshop Series The Les Kilpatrick Why this Series? Entrepreneurship is about making an impact An acquisition might be your career highlight Leveraging Orange County’s natural strengths – Total estimated employment: 29,000 – Total estimated wages and salaries paid: $2.2 billion – Average wage: Nearly $76,800 – Percentage of total California – biomedical workforce: 11% – Statewide ranking: Third

4. Students to Start-ups Entrepreneurial Skills Workshop Series The Les Kilpatrick

5. Students to Start-ups Entrepreneurial Skills Workshop Series The Les Kilpatrick Medical Devices M&A 2006150 Deals$53.3B 2007191 Deals (+27%)$57.9B (+8.6%) Aggregate 2007 M&A = 90x Aggregate 2007 IPOs Source: Levin Associates Healthcare M&A Information Service, January 2008

6. Students to Start-ups Entrepreneurial Skills Workshop Series The Les Kilpatrick

7. Students to Start-ups Entrepreneurial Skills Workshop Series The Les Kilpatrick Your Game Plan for Success February 17, 2009 How to Prepare Your Medical Device Company for Acquisition: an Overview February 24, 2009 Envisioning Milestones and Achieving Them March 3, 2009 The Art of Valuation March 10, 2009 What Makes a Great Investor Pitch April 8, 2009* Secrets to Presenting a Winning Investment Pitch May 5, 2009 Midcourse Corrections May 12, 2009 Executing the Exit

8. Students to Start-ups Entrepreneurial Skills Workshop Series The Les Kilpatrick Our Speakers Tonight Ray Cohen, CEO, Symphony Medical & Fjord Ventures Greg Ruehle, CEO of Orange Coast Medical Ventures