Nick has struggled with asthma and when his school was hosting a hackathon, he thought there’s got to be a better solution to managing this huge medical condition than what’s already out there. A few years later and many years wiser, Nick has founded Strados Labs and is moving his medical invention to market. Learn what he’s overcome and advice that’s helped him get here.
Highlights from this interview:
Nick entered this field with experience in finance and was inspired by his struggles with asthma to create something better
Big progress lately:
Strados Labs has been winning several pitch competitions lately and getting lots of press (along with this podcast of course)
Feedback they’ve been getting that’s helped them win pitch competitions:
Define your problem, identify how you’re going to solve that problem, and make sure there’s a big enough market for it
Strados Labs is improving the way healthcare is managed by improving compliance, decreasing costs, and improving patient quality of life
Building their team. They even vet anyone that works with them…..employees, consultants, advisors, and others to make sure they’re all a good fit and in line with the company’s mission / goals
What are you doing to sustain your living while you build your company:
The other co-founders work full time as a physician, a PhD candidate, and Nick works for another startup as well.
Best piece of advice he can give other startups:
Be prepared and ready for what the industry is. There are big regulatory roadblocks. You want to do heavy market research on who your competitors are, where your product fits in, and external forces. Timing is a huge factor and this is a process
What do you do to keep yourself going every day:
Focus on patient stories and how they’re helping