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No. 1 Mistake: Underestimating the time something is going to take and trying to take on too much
Today's Entrepreneur is Eric Dy, Co-founder and CEO of Bloom Technologies. Bloom is designing the future of prenatal care with technology designed to improve the health of moms and babies. They combine wearable devices with data analytics to reassure moms and provide doctors with better information to improve birth outcomes.
Dy is passionate about building mission driven companies with profit and purpose. Currently focused on solving the challenges of preterm birth and pioneering the future of medical innovation with consumer generated data at Bloom Technologies. He graduated in Cornell University last 2003 with a degree in Bioengineering and he went to UCLA for his PhD.
DocDelta self-categorizes in Baby products.
Here's a little about Dy:
Achievements (products built, personal awards won):
Belgian American Education Foundation Fellowship, Extreme Tech Challenge Finalist, MedTech Innovator Award
My favorite startups: 23 & Me, Owlet Care
What's most frustrating and rewarding about entrepreneurship/innovation?
The most frustrating is having more ideas than resources to tackle. The opportunities can be right in front of your eye but other priorities and insufficient time, money, and people prevent us from capturing them.
The most rewarding part is finding success after many long months and years of grinding away. Sharing this with my team who have each made so many sacrifices to get us to where we are helps us continue to power through all obstacles.
Underestimating the time something is going to take and trying to take on too much. This includes both building product, but also business development, and external commitments that can be distracting.
1) Nothing is ever as easy as it looks.
2) No matter how smart your idea may be, if you cannot effectively communicate it within a compelling narrative it will not get funded or attention.
3) Keep an eye on the competition but focus on your product. Execution is everything.
I've intimately exposed to the inner workings of healthcare my entire life since my father was a surgeon and mother an ER nurse. Seeing how they were respected and relied on to help others with whatever medical condition they had was the seed for my desire to work on medical and healthcare related problems.
Following my PhD in Biomedical Engineering at UCLA I was invited to do a postdoc at the Belgian based nanoelectronics R&D institute IMEC, where I later escaped the lab to take a role in business development. I loved working with partners to understand their problems and translating the work of our brilliant scientist and engineers into solutions that could accelerate our partner's roadmaps.
While working at IMEC I met my co-founder Julien Penders who was leading a team developing advanced wearables for consumer and medical markets. We immediately hit it off and shared a similar vision for the future of healthcare and medical discovery and innovation that leveraged consumer generated datasets. Frighteningly, that was almost 4 years ago.
Starting Bloom has been the most challenging and most rewarding experience of my life. I'm working with some of my closest friends who are all ridiculously talented, building solutions that can impact millions of families, and solving the biggest challenges facing maternal health today.
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Bloom is designing the future of prenatal care with technology designed to improve the health of moms and babies. We combine wearable devices with data analytics to reassure moms and provide doctors with better information to improve birth outcomes.
Our first product, Belli, measures the most important health parameters of mom and baby from conception to birth. This includes pregnancy specific information no other wearable can measure today (contractions, fetal movement, fetal heart rate). Moms receive personalized feedback on her baby and her body to take the guesswork out of pregnancy and provide much needed peace of mind.
Joined Vator onI'm passionate about building mission driven companies with profit and purpose. Currently focused on solving the challenges of preterm birth and pioneering the future of medical innovation with consumer generated data at Bloom Technologies.