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SaaS Interviews with CEOs, Startups, Founders

1125 He's Sold $5m+ Of Magical Pad w/ 1,014 Needles Athletes Use to Kill Pain

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

Ceo, Entrepreneurs, Founders, Software, Business, Entrepreneurship, Saas, Startups

4.6683 Ratings

🗓️ 23 August 2018

⏱️ 21 minutes

🧾️ Download transcript

Summary

Founder and President of BioWave, Brad Siff invented the signal technology behind BioWave's non-opioid, FDA-cleared, pain relief medical devices, which are now in use by 90 pro sports teams and 32 VA Hospitals. Brad holds undergraduate and master's degrees in engineering, as well as an MBA, all from Cornell.

Transcript

Click on a timestamp to play from that location

0:00.0

He jumped out and finally said, you know what, I'm doing my own thing in 2007.

0:05.0

He took his device, which he had no idea if it was going to work or not.

0:07.9

He threw it on strangers that were related to potential investors.

0:11.6

You know, their families loved it.

0:12.7

He got six million bucks.

0:14.1

He's now scaled this thing selling pro unit blue boxes.

0:17.8

You'll see them on NFL teams, major sports teams all over the place, baseball,

0:21.3

basketball, also now in hospitals. He also sells an $895 home unit. They've scaled to 16 people.

0:28.0

They'll do, you know, go across $5 million in revenue this year as he looks to scale the sales of

0:32.5

both the physical units and also the gel pads, which you have to re-buy, and this needle pad that he says is

0:39.3

magical and feels like a baby's bottom, despite being made of 1,014 needles.

0:43.0

We'll test it out one day.

0:44.4

This is the top entrepreneurs podcast where founders share how they started their companies

0:50.4

and got filthy rich or crash and burn. Each episode features revenue numbers,

0:58.7

customer counts, and other insider information that creates business news headlines. We went

1:05.4

from a couple of hundred thousand dollars to two point seven million. I had no money when I started

1:09.5

the company. It was a hundred and sixty million million, which is the size of any IPOs.

1:13.6

We're a bit strapped.

1:14.6

We have like 22,000 customers.

1:18.5

With over 5 million downloads in a very short amount of time,

1:22.7

major outlets like Inc are calling us the fastest growing business show on iTunes.

1:29.5

I'm your host, Nathan Latka,

...

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