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The Foundr Podcast with Nathan Chan

70: How to Manufacture a Disruptive Product (Without Selling a Kidney) with Lisa Fetterman of Nomiku

The Foundr Podcast with Nathan Chan

Nathan Chan

Marketing, Business, Entrepreneurship

4.8 • 662 Ratings

🗓️ 8 December 2015

⏱️ 37 minutes

🧾️ Download transcript

Summary

There’s a simple rule that all entrepreneurs live by: Aim for disruptive change. Everything you need to know about being an entrepreneur lies in that beautifully simple rule. Yet, as many entrepreneurs will tell you, it’s easier said than done. But that’s exactly what Lisa Q. Fetterman went ahead and did as the co-founder and CEO of Nomiku. Nomiku takes it name from “nomikuii” a Japanese word which means to eat and drink- a perfect name for the revolutionary kitchen appliance that’s finding homes in professional and personal kitchens worldwide, creating disruptive change as it simplifies the science of gastronomy for food-lovers everywhere. Lamenting the fact that she couldn’t create restaurant quality food at home because of the lack of a sous vide machine, she sought to change that. Ever since that simple idea in 2010, Nomiku has amassed over $1 million between their two Kickstarter campaigns. Gaining the distinction of having raised the highest amount of money for any product within their category with just their first campaign alone, they raised nearly $600,000 within 30 days. They then went on to break their own record by raising $750,000 with their next project. Today the Nomiku sees itself in kitchens from the White House to Michelin starred restaurants around the world. Nomiku is an entrepreneurial success story that can only exist within the 21st century. Fetterman has tapped into the power of hackerspaces, accelerator programs and crowdfunding in order to be invited to the White House as a “White House Honored Maker”, listed on Zagat’s 2014 “30 under 30”, and listed again as “30 under 30” in 2015, this time on Forbes. Why it's important to love what you do. How to utilize social media, blogger and word-of-mouth to generate buzz and excitement for your product. The important strategies in launching a crowdfunding campaign. The resources that you need when investors aren't listening. How to have a product development strategy to overcome the struggles of manufacturing.

Transcript

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0:00.0

This is episode number 70 with Lisa Federman of the Founder Podcast.

0:06.5

What you need is thirst.

0:08.2

You need to be a thirsty human who is intent on learning.

0:12.3

It's a really fascinating exploration of human potential.

0:15.9

Now.

0:18.5

The Founder Podcast.

0:23.7

Even the greatest entrepreneurs had help.

0:29.1

If you want to learn from the most successful founders on the planet, you are in the right place.

0:36.4

Branson, Mark Cuban, Tony Robbins, Tim Ferriss, Arianna Huffington, Steve Case, Gary V, Sophia Amorosa, Barbara Corcoran, Damon John.

0:41.1

Learn from the greatest minds in business today with interviews hosted by Nathan Chan.

0:44.4

This is not your average entrepreneur podcast.

0:46.6

The Founder Podcast.

0:53.1

Hey guys.

0:58.2

Thank you so much for tuning in. Before we start today's episode, I just want to let you know that our goal at founder is to help entrepreneurs succeed however we can by giving

1:03.8

away high quality content in the form of interviews, blog posts, podcasts, YouTube videos,

1:10.0

you name it. We put out so much content to help you.

1:13.1

And another interesting project that we're working on right now is partnering with world-class

1:18.0

founders like Damon John, Alexa von Tobel, Greta Van Riel, and so many more to teach crucial

1:24.0

skills like negotiation, finance, e-commerce, and so much more.

1:30.2

So if you'd like to get access to these free trainings with founders like this,

1:35.3

which is 100% free, just go to founder.com forward slash free.

1:40.4

Okay, so now let's talk about today's episode.

...

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