YOLOpreneur With John Simerlink

"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

-What Kevin decided to do when he didn’t have an internship one summer

-How Kevin got started with his first clients for that summer (he had done some client work previously)

-Why Upwork/Contracting web sites are not good ways to grow a business long term [2:45–3:30]

-How to switch to types of work that pay more

-How to establish relationships with your clients to get higher pay

-How to cut clients and switch to higher paying clients

-How to find really good, high-paying clients

-Just get that first client to get the ball rolling

-Kevin’s new company http://burnchurn.io

Full transcript at: https://medium.com/@johnsimerlink/yolopreneur-podcast-s1e4-how-20-yo-kevin-unkrich-makes-80-hr-contracting-f52be5a2a483

Follow John at:

-Twitter: @RealYOLOpreneur

-IG: @realyolopreneur

-YT: youtube.com/Johnsimerlink

- http://realyolopreneur.com

-Umanity makes volunteering easier

-How to catch the volunteering bug

-Perils of a startup, how deep is the rabbit hole?

-Going from an LLC to an S Corporation

-How to pitch to a room full of investors

-Turning ideas into a way to help people

-Inner workings of a startup

-From music teacher to tech wiz

-How to identify the needs of society

-Finding the right mentor

-Building a great team

-Managing the budget of a startup

-The love of a mother

-Knowing when to pivot

-The world needs more problem solvers not millionaires and billionaires

--- View the full transcription of the podcast here at https://medium.com/@johnsimerlink/yolopreneur-podcast-s1e5-how-college-student-ryan-started-a-six-figure-volunteering-platform-d32c0fa890f3

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Follow John at:

-Twitter: @RealYOLOpreneur

-IG: @realyolopreneur

-YT: youtube.com/Johnsimerlink

-The biggest problem entrepreneurs have is just getting started. Just start anyway

-How to negotiate a raise during an INTERNSHIP

-Why as long as you have skills and a portfolio(at least in programming), you can get hired, even without a degree

- The benefits of vocational school

-A list of entrepreneurial sites

-Why you should start your own business instead of working for others

-The Virtue of working 90 hour work week and how most people don't

View this episode on Youtube at https://youtu.be/R7b_CCrUNnk

Follow John at:

-Twitter: @RealYOLOpreneur

-IG: @realyolopreneur

-YT: youtube.com/Johnsimerlink

-How Matt Williams dropped out of college and started 2 social media marketing agencies

-Learn from Matt's experience of working with NFL, MLB, and MLS athletes

-Manage your element, environment, and energy

-Why Matt Limits his circle of friends

-Importance of patience

-Importance of having a routine

-Get in on trends early

-How Matt hustled his way for free into a Ritz Carlton executive suite

-Do what you love. Life is short. There is nothing worse than seeing someone miserable in their job, because they chose a career just to please their parents.

Follow Matt at:

-IG: @matt_williams20

-Twitter: @williams_matt20

-Vero: @mattwilliams

Follow John at:

-Twitter: @RealYOLOpreneur

-IG: @realyolopreneur

-YT: youtube.com/Johnsimerlink

I am dropping out of Ohio State to build an education app called Branches. I have/had a full ride scholarship. My end goal is to make education 10x faster. branches-app.com. Join me in interviewing successful entrepreneurs to learn how to actually start a business.