My First Million #15 - Dr. Iman's Incredible Idea
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Oct 2, 2019 Iman Abuzeid, the visionary CEO of Incredible Health, shares her inspiring journey from medical school to the tech world. She reveals how her platform revolutionized nurse hiring, cutting the process from 90 days to under 30. Iman discusses the competitive edge of Silicon Valley, the importance of mentorship, and her innovative approach to healthcare staffing. She reflects on her MBA's influence and offers career advice while navigating the challenges of entrepreneurship, highlighting the necessity for adaptability and fresh ideas in the industry.
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Pivoting to Incredible Health
- Iman Abuzeid and her co-founder, Rome Portlock, initially worked on a different idea before Incredible Health.
- After struggling for a year, they realized their initial idea wasn't working and decided to pivot.
Criteria for Business Ideas
- When choosing a business idea, ensure it solves a significant, urgent problem in a large market.
- Your solution should be at least 10 times better than existing ones, with an ideal competitor landscape of 10-30 companies.
Fundraising as a Game
- Fundraising for startups is a game with a playbook and rules.
- Learn the rules by seeking advice from successful operators and investors, studying their track records, and understanding the dynamics of the game.