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Mike Bates

Director at Deep Blue Medical Advances

Burlingame, California

Overview 

Mike Bates is an Independent Financial Executive, Angel Investor, and Company Advisor based in Burlingame, California. With a strong background in medical devices and a focus on sectors like Impact, Health IT, and FinTech, he has held leadership roles in companies such as Deep Blue Medical Advances, Inc. and Dextera Surgical Inc., while also serving on the boards of several medical technology companies. Highlights of his career include serving as Chairman of the Board at Dextera Surgical Inc. and working as a Consulting CFO at Moximed, Inc., showcasing his expertise in financial management and strategic planning within the medical technology industry.

Work Experience 

Bo

Band of Angels and Life Science Angels

  • Angel Investor

    2007 - Current

    I formerly co-chaired the Life Science/MedTech group at the Band of Angels and the medical device screening committee at Life Science Angels. Medical Technology Investments: Advanced Cardiac Therapeutics (sold to Epix Ther 1X), Aerin Medical, AlterG, BlackSwan Vascular (~3X), Catheter Connections (assets sold to Merit Medical for no return), Cayenne Medical (sold to Zimmer Biomet 1.5X), Ciel Medical (sold to Vyaire 2X), CogENT Therapeutics (sold to Entellus 2.3X), CoLabs, CV Ingenuity (sold to Covidien 6X), Deep Blue Medical Advances, Figure 8 Surgical (defunct), Magnolia Medical, Materna, Moximed, Myoscience (sold to Pacira, no return), PercAssist, Pixel Optics (defunct), SI-Bone (IPO 2018), SafeBVM, SpineAlign Medical (defunct), TGS Knee Innovations (sold to Cayenne Medical no return), Tibion Robotics (sold to AlterG), Valfix, Visioneering (went public in AU, 0.25X) and Xpan. Biotechnology and Drug Development Investments: Inhalon Biopharma, Saccharo, Seal Rock Therapeutics, Mebias Discovery, Purissima (defunct) and Watershed Therapeutics. Internet and Web Services Investments: A6 Corporation (defunct), CareinSync (acquired by Hearst Health (0.8X), Everloop.com (defunct), Cabulous/Flywheel (defunct), HealthCrowd (8X), Mixbook.com, PharmaSecure (sold for tax loss), Practice Fusion (3.8X), Rapid Legal and Tenacity (defunct). Others: DecisionNext, Faraday Bicycles (sold to Pon 1.4X), Hi-Q Solar (bankrupt), iBeat (sold to Connect America 0.4X) , Luminari (defunct), Nanotech Biomachines (defunct), and S-2 Genomics

Band of Angels is an investment firm that offers financial and advisory services to start-up companies.

bandangels.com
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Deep Blue Medical Advances, Inc.

  • Director

    2019

    Surgical innovations in soft tissue surgery, aesthetics and to enhance hernia repair.

Deep Blue is developing a novel hernia mesh to address the unacceptably high rate of hernia occurrence and recurrence.

Raised $11,289,217.00 from Sacramento Angels, baymed venture partners, Tom Carroux, Triangle Angel Partners and Tech Coast Angels.

deepbluemedical.com

BlackSwan Vascular, Inc.

  • Director

    2018 - 2023

    BlackSwan Vascular developed an endovascular embolization system for the treatment of peripheral arterial hemorrage. The company received FDA Premarket Approval (PMA) of its Lava® Liquid Embolic System (Lava® LES) in April 2023 (the first such product to be cleared for use in the peripheral vasculature) and was acquired by Sirtex Medical shortly thereafter.

Dextera Surgical Inc.

  • Chairman of the Board

    2015 - 2018

    Dextera Surgical, Inc. designed and manufactured proprietary stapling and anastomotic devices for cardiac and laparoscopic surgical procedures. I was appointed a Director and Chair of the Audit Committee in December of 2015 and Chairman of the Board in January 2016. I served in these roles until February 2018.

MI

Moximed, Inc.

  • Consulting CFO

    2008 - 2015

    Moximed is developing a revolutionary new orthopedic medical device, the MISHA Knee System to treat osteoarthritis.

Moximed develops innovative therapies for patients with knee osteoarthritis.

Raised $244,224,838.00 from Vertex Ventures HC, New Enterprise Associates, Advent Life Sciences, Warren Point Capital, Morgenthaler Ventures, Future Fund, Gilde Healthcare, Cormorant Asset Management, GBS Ventures and Elevage Medical Technologies.

moximed.com

Catheter Connections

  • Board Member

    2011 - 2013

    Catheter Connections develops and markets innovative vascular access products that protect patients from life-threatening infections during infusion therapy.

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Barrx Medical

  • Audit Committee Chairman; Board Member

    2007 - 2012

    A developer and marketer of a minimally invasive treatment to cure Barrett's esophagus, a pre-cancerous lesion of the esophagus. BARRX was backed by leading Medical Device venture capital firms and sold to Covidien in Jan. 2012.

GI Solutions focuses on the ongoing research and treatment of Barrett's esophagus for the treatment of patients diagnosed with the disease.

Raised $42,800,000.00 from Frazier Healthcare Partners, Delphi Ventures, Greenspring Associates, Alloy Ventures, Sutter Hill Ventures and Highland Capital Partners.

barrx.com

Satiety, Inc.

  • Audit Committee Chairman; Board Member

    2007 - 2011

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Emphasys Medical

  • Audit Committee Chairman; Board Member

    2007 - 2009

St. Francis Medical Technologies, Inc.

  • Chief Financial Officer

    2005 - 2007

    SFMT was backed by USVP, Versant and Essex-Woodlands. We filed for an IPO in late 2006 and ran a dual track using JPMorgan as our financial advisor. The company was sold to Kyphon Inc. for $725 million in January 2007.

Education 

Articles About Mike

Relevant Websites