Second in Command: The Chief Behind the Chief with Cameron Herold

Ep. 414 - Equilibrium Labs COO, Mimi Somerman

Oct 8, 2024

Mimi Somerman, President and COO of Equilibrium Labs, shares her extensive background from PepsiCo to pioneering liver health innovation. She discusses the challenges of transitioning from large corporations to fast-paced startups, emphasizing the need for adaptability and operational creativity. The conversation highlights Equilibrium's unique liver clinics and their nutraceutical, Deliverance. Mimi also underscores the importance of integrity, collaboration, and cultivating accountability while driving growth in a dynamic global marketplace.

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Intro

00:00 • 2min

Revolutionizing Liver Health

01:49 • 6min

Nutraceuticals and Liver Health Innovation

08:16 • 7min

Navigating Rapid Growth in a Fast-Paced Business

15:23 • 2min

Balancing Vision and Operations in Leadership

17:14 • 3min

Navigating the Growth of Entrepreneurs

20:38 • 14min

Cultivating Accountability and Global Expansion in Business

34:15 • 4min

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.

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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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Cameron’s newest book - The Second In Command - Unleash The Power Of Your COO
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Paul Graham article ‘Founder Mode’
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Connect with Mimi: Website | LinkedIn