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Second in Command: The Chief Behind the Chief

Ep. 414 - Equilibrium Labs COO, Mimi Somerman

Second in Command: The Chief Behind the Chief

Second in Command with Cameron Herold

Entrepreneurship, Business, Management, Careers

4.5 • 1.6K Ratings

🗓️ 8 October 2024

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this unique episode of the Second in Command podcast, Cameron is joined by Mimi Somerman, President and COO of Equilibrium Labs, a biotechnology company at the forefront of liver health.

Mimi shares insights from her time at a global beverage giant, where she honed her skills in brand management, operations, and process improvement. Her time in corporate America provided her with a deep understanding of finance, leadership, and logistics, preparing her for a thrilling pivot into a fast-growing industry that demands adaptability and innovation.

You'll discover the challenges and rewards of transitioning from big business environments with well-established processes to smaller, rapidly growing companies where Mimi often had to build operations from scratch. 

Learn the importance of integrity, respect, and faith in guiding Mimi's career decisions, which ultimately led to her current role in a forward-thinking company. She now helps drive innovation in a global marketplace, applying everything she’s learned from her past while staying true to the values that matter most to her.


If you've enjoyed this episode of the Second in Command podcast, be sure to leave a review and subscribe today!


Enjoy!



In This Episode You'll Learn:

  • The Equilibrium liver clinics' business model, which includes partnering with doctors and offering a license model for the equipment. (9:14)
  • Mimi's experience with process creation in small companies and the importance of responsibility in remote work. (37:14)
  • The concept of the "Rembrandt in the attic" and the value of data and intellectual property in building a successful business. (28:46)
  • Her career journey, starting with Pepsi and moving to smaller companies with different ownership structures. (32:39)
  • The importance of flexibility and adaptability in her roles, particularly in entrepreneurial environments. (42:50)
  • And much more...


Resources:

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Transcript

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0:00.0

What I've learned to do is I've worked very hard during my career to become more patient with people and to understand and try and understand their point of view.

0:08.6

And sometimes the founders are talking about all their visionary things and so I listen and then I ask

0:16.0

questions about moving certain things ahead and how can we do that or make a

0:20.9

recommendation on how we do it is probably more common.

0:25.0

Get their input on what we're working on.

0:27.7

Help them feel like they're part of the decision and that they're involved

0:31.7

and that they feel respected at all times.

0:34.6

And I always keep in mind that they have the best intentions. Welcome to the Second in Command Podcast, produced by the COO Alliance and brought to

0:49.4

you by its founder Cameron Herald. In the Second in Command podcast we talked to top

0:54.7

coos who share the insights, strategies and tactics that made them the chief

0:59.6

behind the chief. And now here's your host, Cameron Herald.

1:04.0

Our guest today is Equilibrium Labs, president and CEO Mimi Sommerman.

1:15.3

Mimi has a proven track record of delivering results in exceeding expectations

1:19.1

in challenging and competitive environments. Equilibrium Labs is an R&D organization advancing

1:24.0

blockchains and related systems. Mimi and I met at Dave Asprey's biohacman

1:28.7

conference in Dallas earlier this year. She's got an crazy strong background working at PepsiCo, has her MBA, worked in

1:35.5

brand management, and it's amazing to see the skill sets that she brings from big corporate

1:39.6

brand like Pepsi and working across that organization and then bringing it down into an entrepreneurial high-growth organization operating currently in two countries.

1:48.0

You'll love this episode. We'll see you on the inside. You can also watch this episode on our second command podcast YouTube channel.

1:58.7

So Mimi, welcome to the second command podcast.

2:01.4

Thanks Cameron, happy to be here.

2:03.5

Yeah, nice to see you again.

...

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