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At left, Gary Stevenson

At left, Ken Woody

Former U.S. Sen. Bill Frist (left) predicted 'we're going to spend more on healthcare', but four VCs told local execs that few investors know much about Nashville's healthcare track record -- unwelcome news for Kin Clinton's Woolsthorpe Technologies.

Now, after selling its first FDA-approved product to a close ally, BioMimetic is flush with cash and experience -- and committed to developing biotechnologies in Middle Tennessee.

[Updated] Results-oriented Nashville entrepreneur in hot medical-devices sector accepts VC investment, relocates firm. Should Nashville focus on more familiar sectors and 'focus on its knitting'?