Shin Sakane. He’s the founder and CEO of Seven Dreamers. Seven Dreamers is daring to create technology that has never been seen in the world. Shin has a PhD in Chemistry and Biochemistry from the University of Delaware.

Famous Five:

• Favorite Book? – The Path
• What CEO do you follow? –  Elon Musk
• Favorite online tool? — Facebook
• Do you get 8 hours of sleep?— No
• If you could let your 20-year old self, know one thing, what would it be? – “Get global experiences, visit so many different countries, cultures...”

 

Time Stamped Show Notes:

• 01:44 – Nathan introduces Shin to the show
• 02:20 – Seven Dreamers creates technology that the world has not seen yet
• • 02:30 – First product is the fully automated carbon golf shaft
  • 02:35 – Second product is the nascent nasal airway stent
• 02:58 – There’s no connection between the products
• 03:16 – Seven Dreamers wanted to develop something that is not yet available anywhere
• 04:00 – Seven Dreamers was launched in 2011
• 04:20 – Seven Dreamers has raised over $75M
• • 04:29 – The money was mainly spent on product development
• 05:05 – The nasal stent currently has more sales than the golf shaft
• 05:27 – The golf shaft price is $1200 - $120K
• • 05:53 – The most popular model sells for $1800
  • 06:10 – The golf shaft was launched in 2014
  • 06:30 – 400 shafts/month are being sold
  • 07:35 – The way to make a golf shaft
• 09:06 – Team size
• 09:45 – 2016 total revenue
• 10:30 – It took Seven Dreamers 11 years to develop laundroid
• • 11:15 – Seven Dreamers has spent $15M for product development
• 11:33 – Shin shares how they came up with the idea of laundroid
• • 12:13 – Laundroid was initially limited
  • 12:50 – Laundroid’s price is $15K
• 13:38 – The 3 products are completely different—from the suppliers to the technologies
• 14:08 – Most of the product ideas come from Shin
• 14:43 – The last round they raised
• 15:03 – Shin shares the valuation of each of their products
• • 15:30 – “Everything counts”
• 16:12 – The nasal airway stent is currently their biggest money maker
• • 16:25 – Average MRR $1M
• 16:53 – 2017 goal is $80M
• 17:07 – Seven Dreamers are working on their sales and marketing
• • 17:14 – “We do our own marketing”
  • 17:34 – Advertising cost
  • 18:40 – Seven Dreamers spent money on sponsoring athletes
• 19:09 – The number of golf shaft complete sets that have sold
• 21:15 – The Famous Five

 

3 Key Points:

• Think outside the box—have a solution to a problem, then create a product.
• Study and know your market well so that your product speaks directly to a need.
• Be creative and innovative.

 

Resources Mentioned:

• Acuity Scheduling – Nathan uses Acuity to schedule his podcast interviews and appointments
• Host Gator – The site Nathan uses to buy his domain names and hosting for the cheapest price possible.
• Audible – Nathan uses Audible when he’s driving from Austin to San Antonio (1.5-hour drive) to listen to audio books.
• The Top Inbox  – The site Nathan uses to schedule emails to be sent later, set reminders in inbox, track opens, and follow-up with email sequences
• Show Notes provided by Mallard Creatives