Erik Gatenholm, founder and president of Cellink, the world\u2019s first bio-ink company. Erik started his own biotech business at age 18, and at 25 exited with $250k. Listen as Erik and Nathan talk biotech, getting investors on board, and why Erik went back to college after his first business.
\nFamous 5
Favorite Book? \u2013 No Logo
What CEO do you follow?\u2014 Peter Thiel
What is your favorite online tool?\u2014 Strikingly
Do you get 8 hours of sleep?\u2014 Absolutely not
If you could let your 20 year old self know one thing, what would it be?\u2014 Things don\u2019t really work the way people think they do. Keep your vision strong and trust your gut.
Time Stamped Show Notes:
01:00 \u2013 Nathan\u2019s introduction
01:38 \u2013 Welcoming Erik to the show
01:40 \u2013 Erik\u2019s first biotech company, started at age 18
03:05 \u2013 How to successful exit a company you founded
04.20 \u2013 Erik sold his shares for over $250k\u2014a boatload of cash for a 25 year old
05:02 \u2013 Why Erik went for a Masters degree despite having enjoyed entrepreneurial success
07.05 \u2013 Talking about the origins of Cellink
08.20 \u2013 Started based on a product developed by Erik\u2019s father
08:36 \u2013 They pay a monthly licensing fee of several thousand $
10:08 \u2013 Currently raising around $200k for trials via convertible note
10.30 \u2013 Discussion of convertible notes
11.55 \u2013 How bio-printing works
12.22 \u2013 Hope to print organs for medical patients
13:58 \u2013 Ink for printing is a patented hydrogel that mimics human tissue
14:50 \u2013 dream is to have a \u2018A bioprinter in every lab\u2019
15:00 \u2013 Each unit sells for around $5000
16:00 \u2013 Total 2016 revenue: $4 million
17:50 \u2013 Famous Five
3 Key Points:
Trust your gut and don\u2019t be afraid to do your own thing.
If you\u2019re working with specialists, it\u2019s worth going back to study.
Find a partner whose skills complement your own.
Resources Mentioned:
Host Gator \u2013 The site Nathan uses to buy his domain names and hosting for cheapest price possible.
Leadpages \u2013 The drag and drop tool Nathan uses to quickly create his webinar landing pages which convert at 35%+
Audible \u2013 Nathan uses Audible when he's driving from Austin to San Antonio (1.5 hour drive) to listen to audio books.
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\nThe Top is FOR YOU if you are:
\nA STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
\nSTUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
\nAn influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
\nThe Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
\nYour host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
\nOprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop