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No. 1 Mistake: Biting off more than they can chew
Today's Entrepreneur is Dave Whelan, Co-founder at STEMP, Inc. STEMP (Smart Temperature Patch) is the thermometer that never sleeps, so you and your family can. The STEMP sensor, medical-grade adhesives, and smartphone apps work together seamlessly to provide immediate, accurate, continuous body temperature measurement. Think of it as the thermometer meets the band-aid.
Whelan is a Strategy Consultant and Advisor, building businesses and inspiring entrepreneurs at intersection of technology, health, and wellness. He launched one of first health wearables, developed and launched New York Genome Center. He got his MBA at UCLA Anderson School and got his degree of Symbolic Systems at Standford University in 1992. He is most interested in Healthcare, Healthtech, Mobile health, and Wearables.
Here's a little about Whelan:
Companies I've founded or co-founded: STEMP Smart Temperature Patch, Qora Health, Older & Wiser, New York Genome Center, Basic Elements Nutrition Inc., Bespoke Business Strategy Inc.
Companies I work or worked for: Boeing Company, Apex Fitness Group, 24 Hour Fitness, Ethos Consulting Inc., Bespoke Business Strategy Inc., The Shaw Group, Shaw Medical Management Corporation, Basic Elements Nutrition Inc., STEMP Smart Temperature Patch, Qora Health, New York Genome Center
If you are an entrepreneur, why? I want to change the world.
My favorite startups: Uber, HotelTonight, Apple :-)
What's most frustrating and rewarding about entrepreneurship/innovation? What is most frustrating is that there is never enough time in the day. What is most rewarding is that when it hits, you know it, and the rush is amazing.
What's the No. 1 mistake entrepreneurs make? Biting off more than they can chew
What are the top three lessons you've learned as an entrepreneur?
Why do you like working with scientists?
Sometimes it takes scientists a while to realize it, but the scientific method and scientific research are a lot like entrepreneurship: Identify a problem. Create a hypothesis. Pilot your solution. Assess the results. Course-correct. Keep at it until you are successful.
I've been working in and around health, wellness, and fitness long before healthtech and digital health became buzzwords. Nobody can argue with the value of health. Everyone wants to be healthy. Everyone wants to be healthier. The opportunity to help people, to impact their lives, to enrich and extend their lives, is particularly humbling.
David J. Whelan has devoted his career to building successful businesses, from strategic, operational, financial, and human capital standpoints. He is a strategy consultant, entrepreneur, and advisor building businesses and inspiring entrepreneurs at the intersection of technology, health, and wellness. Dave is Co-Founder & Chief Business Officer of STEMP Inc. STEMP Smart Temperature Patch is the thermometer that never sleeps, so you and your family can. The STEMP sensor, medical-grade adhesives, and smartphone apps work together seamlessly to provide immediate, accurate, continuous body temperature measurement. Think of it as the thermometer meets the band-aid.
Recent engagements include developing a multi-year strategic and financial plan for a leading synthetic biology organization and developing a commercialization strategy for a cancer diagnostic technology. He helped launch New York Genome Center, a unique not-for-profit scientific research institute, where he served as Senior Vice President, Business Development & Chief Strategy Officer and collaborated on the development of the business plan, fundraising of $115 million, and operational launch. His experience also includes roles as acting chief operating officer for a specialty chemicals distribution and laboratory services business, and product management and channel strategy for Apex Fitness Group, a division of 24 Hour Fitness, where he launched one of the first fitness wearables. Earlier in his career, he spent over six years as a retained executive search consultant with Ethos Consulting Inc. As a consultant and confidante to his clients—primarily CEOs and venture capitalists—his mission was to help to build management teams that could build successful enterprises. Dave began his career with a biotechnology incubator in San Francisco.
Dave has worked in and on behalf of numerous industries throughout his career, including aerospace and defense, telecommunications, software and hardware, biotechnology, manufacturing, consumer products and retail, entertainment, and not-for-profit organizations.
Currently, he serves as founding board member or advisor to STEMP, an innovator in digital health products designed to improve health, wellness, and quality of life; Qora, a health and wellness data analytics company; Older & Wiser, a customized telehealth solution to enable the elderly to access psychiatric services remotely; and O2 MAX Fitness, a teen fitness and media company.
Dave holds an MBA with Honors from the UCLA Anderson School and a BS in Symbolic Systems from Stanford University, and he remains very involved in alumni activities with both schools. He also studied at London Business School and Carnegie Mellon University. He maintains a Top Secret Security Clearance.
He resides in Los Angeles with his wife Lauren, son Evan, daughter Gabrielle, and puggle Fergie. His interests include photography, travel, restaurants and food, technology, and rock ’n’ roll history.
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Joined Vator on
- Reliable temperature measurement: provides accurate readings the first time and every time
- Convenient form factor: wear and forget for days or weeks (even in the shower)
- Continuous monitoring: trends and data for better decisions, no need to remember to (or wake up to) take a temperature
- Intelligent mobile app: interactive graphs, customizable alerts, cloud synchronization and data exports, tracking of multiple people & sensors
- Affordable price: high-tech value at a low-tech price
Joined Vator onStrategy consultant and advisor building businesses and inspiring entrepreneurs at intersection of technology, health, and wellness. Launched one of 1st health wearables. Developed and launched New York Genome Center. UCLA Anderson MBA, Stanford BS.