Medical Devices are flavor of the month for VCs

According to the NY Times, medical devices are the venture capitalist's flavor of the month:

Venture capitalists, apparently, are going cuckoo for medical-device companies at the expense of past favorites like computer-related start-ups or drug-development companies.

In the first quarter of this year, seed investors put $1.1 billion into such businesses, a quarterly record for the medical-device industry, and a 60 percent increase over the same period in 2006, according to the National Venture Capital Association, a trade group.

I was just saying that medical devices deserved more investor attention few days ago! Medical Connectivity Consulting also looks at the article and notes some concerns. Obviously I think this is a good thing, but you know I'm biased.