"We had 8 people staying in a two bedroom apartment . . . It was one of the most difficult times we had to go through . . . but that's how we banded together to start off our new company"
In this episode I interview Ohio State dropout Emannuel Setegn on how he and his friends Piyush and Vineet developed a device (high resolution magnetocardiogram) that images the heart in a manner more useful than EKGs.
Learn:
-How Piyush and team spotted a gap in current scientific capabilities that was transferring over to the medical world
-How Piyush and team raised their initial $125k
-How Piyush and team raised their next $265k
-What team did with initial funding
-"It would take days to analyze one research paper"
-60 hour work weeks
-Why nothing is a deal until its done on paper
-Beware of greedy VC's
-How the team secured funding from Mark Cuban
-Why you shouldn't be afraid of the FDA as a medical device entrepreneur
-Why you need to convince your investors the FDA is not scary
-Genetesis.com
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