Why 90% of Start-Up Companies Fail with Dr. Dan Cohen
Entrepreneurs on Fire
John Lee Dumas
4.8 • 4.1K Ratings
🗓️ 18 December 2024
⏱️ 29 minutes
🧾️ Download transcript
Summary
Neurologist and sleep technology expert Dr. Dan Cohen invented the first automated sleep disorder diagnostic equipment used in sleep labs. He also co-founded CNS, the company that launched Breathe Right Nasal Strips, which he later sold to GSK for 566 million dollars.
Top 3 Value Bombs
1. Intellectual property is very vital to gain value when you sell business.
2. Its important for a person in business to be receptive to any idea that comes his or her way.
3. Don't judge too quickly but see how it feels. There is a big difference between knowing and thinking. Knowing is a felt sense and it is in your gut.
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Transcript
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| 0:00.0 | Boom. Shake the room, Fire Nation. JLD here and welcome to Entrepreneurs on Fire. |
| 0:07.3 | Brought to you by the HubSpot Podcast Network, the audio destination for business professionals |
| 0:11.7 | with great shows like The Hustle Daily Show. Today we'll be breaking down why 90% of startup |
| 0:17.3 | companies fail to drop these vibe bombs. I brought to Dr. Dan Cohen into Eofire Studios. |
| 0:22.2 | He's a neurologist and sleep technology expert and invented the first automated sleep disorder |
| 0:26.7 | diagnostic equipment used in sleep labs. He also co-founded CNS, the company that launched |
| 0:31.9 | Breathe Right Nasal Strips, which he later sold to GSK for $56 million. |
| 0:38.6 | And today, |
| 0:39.2 | our nation, |
| 0:39.5 | we'll talk about the aha moment that led to this amazing story, |
| 0:43.0 | how we formed partnerships with Jerry Rice and other athletes, |
| 0:46.4 | raising both private and public capital, |
| 0:48.3 | and using mindfulness and meditation to make business decisions, |
| 0:51.4 | and oh, so much more. |
| 0:52.8 | And the big thank you for sponsoring today's episode goes to Dan and our sponsors. The Next Wave, your chief AI officer hosted |
| 0:59.9 | by Matt Wolf and Nathan Lance, is brought to you by the HubSpot Podcast Network, |
| 1:03.9 | the audio destination for business professionals. AI technology is transforming the way we do |
| 1:08.5 | business and the media landscape is fragmented. |
| 1:15.1 | The next wave strives to be the leading podcast on AI technology and how you can apply it to growing your business. |
| 1:16.6 | Listen to the next wave wherever you get your podcasts. |
| 1:20.7 | Have you ever said to yourself, one day I will write a book? |
| 1:24.0 | If yes, then I have an opportunity for you. |
... |
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