An Hour of Innovation with Vit Lyoshin

Luká Yancopoulos talks about the challenges in the healthcare supply chain and how his company is revolutionizing procurement for medical practices. Luká is the CEO and co-founder of Grapevine Technologies, a company focused on revolutionizing the medical supply chain by providing a platform designed for B2B wholesalers and purchasers in the healthcare sector. Luká has been recognized for his work in healthcare procurement, with Grapevine aiming to save costs on medical supplies through a more efficient supply chain process. His entrepreneurial journey began while he was still in college, spurred by the need to address supply chain issues during the COVID-19 pandemic. Takeaways * Grapevine Technologies aims to reduce medical supply costs by over 70%. * The COVID-19 pandemic highlighted critical supply chain vulnerabilities in healthcare. * Grapevine's platform consolidates multiple suppliers into a single interface. * The platform is free to use until savings are achieved for the customer. * Grapevine automatically redirects orders in case of backorders. * The company is focused on expanding its services beyond procurement to patient care. * Machine learning is used to predict supply needs based on consumption patterns. * Grapevine aims to make healthcare more affordable for patients. * Real-world examples show significant savings and improved patient care outcomes. * The vision includes automating inventory management for medical practices. * Lowering costs for businesses ultimately benefits patients. * Identifying and addressing key problems in healthcare is crucial. * Patients should have ownership of their health records. * Success in healthcare should be measured by impact and accessibility. * Diversification in supply chains is a growing trend post-COVID. * Patient data ownership is essential for better healthcare outcomes. * Insurance companies pose significant challenges in the healthcare system. * Change in healthcare can directly affect patient outcomes. * Consumer technology is more advanced than healthcare technology. * Innovators should focus on solving real problems for users. Sponsors Webflow - Create custom, responsive websites without coding * https://try.webflow.com/0lse98neclhe MeetGeek - Automatically video record, transcribe, summarize, and share granular insights from every meeting to any tool * https://get.meetgeek.ai/yjteozr4m6ln Connect with Luka * Website: https://www.go-grapevine.com/ * LinkedIn: https://www.linkedin.com/in/luk%C3%A1-yancopoulos-50051a1a8/ Timestamps 00:00 Intro 01:27 Luka’s background 02:49 Problems Grapevine solves 05:20 How Grapevine’s platform simplifies operations 12:02 Unique features and differences of Grapevine 18:41 Real-world impact and success stories 21:52 Expanding into other industries 23:14 Vision for Grapevine in the next five years 27:19 Empowering patients with health records 29:02 Measuring success 30:52 Trends that shaping the future of the healthcare supply chain 33:27 How innovations in the supply chain can influence public health 37:54 The most surprising lesson learned 40:58 How to engage with Grapevine 41:40 Advice from Luka Podcast Links * https://linktr.ee/anhourofinnovation Connect with Vit * Website: https://vitlyoshin.com/contact/ * LinkedIn: https://www.linkedin.com/in/vit-lyoshin/ Please subscribe, leave an honest review, and share with people you think will benefit from hearing this information.

Vinod Sharma talks about the journey from idea to MVP and scaling to the first 100 customers. Vinod shares his extensive experience in the tech field, emphasizing the importance of validating ideas, defining a minimum viable product (MVP), and acquiring initial customers. Vinod has 24 years of experience building and scaling multimillion-dollar products. With deep expertise in product development, he helps SaaS founders transform visionary ideas into scalable products. Takeaways * Validate your idea by finding a 2 AM problem. * Conduct 25 to 40 interviews for initial feedback. * Avoid making assumptions when validating ideas. * Define your MVP by focusing on core problems. * Put something out to get real-world feedback. * Your first customers often come from your network. * Use customer feedback to drive product development. * Stick to your unique value proposition in the competition. * Balance innovation with user maintenance requests. * Understand the difference between vision, strategy, and tactics. Sponsors Webflow - Create custom, responsive websites without coding * https://try.webflow.com/0lse98neclhe MeetGeek - Automatically video record, transcribe, summarize, and share granular insights from every meeting to any tool * https://get.meetgeek.ai/yjteozr4m6ln Connect with Vinod * Website: https://vinodsharma.co/ * LinkedIn: https://www.linkedin.com/in/vinodsharma10x/ * X: https://x.com/VinodSharma10x Timestamps 00:00 Intro 01:15 Vinod’s Story 05:25 How to validate ideas? 09:04 Mistakes people make while validating their ideas 11:34 How do you define MVP? 16:34 Avoiding “perfection paralysis” 19:15 Acquiring your first 100 customers 23:34 Drafting a compelling messaging for a product 25:46 Free trials vs freemium models for SaaS 28:12 Challenges in transitioning from MVP to Growth 30:18 Challenges with teams growing 36:35 Navigating team growth and communication 38:30 Advice to founders on how to handle competition 40:22 Balancing innovation with maintenance and support 43:35 Key lessons for founders 47:06 Advice from Vinod Podcast Links * https://linktr.ee/anhourofinnovation Connect with Vit * Website: https://vitlyoshin.com/contact/ * LinkedIn: https://www.linkedin.com/in/vit-lyoshin/ Please subscribe, leave an honest review, and share with people you think will benefit from hearing this information.

Mike Malloy talks about fractional executives in this episode of An Hour of Innovation podcast. He explores the benefits and challenges of fractional executives, the evolution of fractional roles, and the types of companies that benefit from hiring fractional leaders. Mike is a founder and CEO of Malloy Industries, the agency with over 300 fractional executives that helps B2B SaaS companies scale their businesses from $2M to $20M. Takeaways * Fractional executives bring extensive experience and proven methodologies. * The demand for fractional roles has increased post-pandemic. * Fractional leadership is ideal for companies with 5 to 150 employees. * Hiring fractional executives can save time and reduce overhead costs. * Effective communication is crucial for successful fractional relationships. * Fractional executives can help identify and solve business problems efficiently. * Companies can quickly onboard fractional executives compared to full-time hires. * Soft skills and rapport-building are essential for fractional executives. * Clients are increasingly hiring multiple fractional executives. * Being relentlessly generous adds value to client relationships. * Hiring fractional executives can provide immediate value. * Fractional roles allow companies to scale flexibly. * The future of work may lean towards fractional employment. Sponsors Webflow - Create custom, responsive websites without coding * https://try.webflow.com/0lse98neclhe MeetGeek - Automatically video record, transcribe, summarize, and share granular insights from every meeting to any tool * https://get.meetgeek.ai/yjteozr4m6ln Connect with Mike * Website: https://malloyindustries.com/ * LinkedIn: https://www.linkedin.com/in/mwmalloy/ * X: https://x.com/mwmalloy?lang=en * CEO scaling toolbox: https://malloyindustries.com/resources/ceo-scaling-toolbox/ * Meeting agendas: https://bit.ly/MeetingAgendasFromMI * Business Bites newsletter: https://malloyindustries.com/business-bites-newsletter/ Timestamps 00:00 Intro 00:51 Mike’s story 02:31 Defining fractional leadership and its evolution 04:10 History of fractional leadership 06:26 Types of companies that benefit most from hiring fractional executives 08:51 Industries that hire more fractional executives 10:28 Advantages of hiring fractional executives 16:26 Challenges and communication in fractional roles 18:50 Skills and qualities of successful fractional executives 25:10 Training and core values for fractional executives 26:59 Dad jokes from Mike 28:15 Career paths for young professionals 32:01 When to hire a fractional executive 34:35 Success story: transformative impact of a fractional executive 39:06 Focus on B2B SaaS and sales executives 41:48 Surprising thing about fractional executives 44:26 Advice from Mike Podcast Links * https://linktr.ee/anhourofinnovation Connect with Vit * Website: https://vitlyoshin.com/contact/ * LinkedIn: https://www.linkedin.com/in/vit-lyoshin/ Please subscribe, leave an honest review, and share with people you think will benefit from hearing this information.

In this conversation, Ivan Gekht discusses TRIZ (Theory of Inventive Problem Solving or TIPS), a systematic approach to problem-solving and innovation. He explains its origins in the USSR, its evolution, and its application across various industries. Ivan is the CEO of Gehtsoft USA, a tech powerhouse where science meets innovation, tackling complex challenges with precision, curiosity, and systems thinking. The team specializes in creating production-ready, custom software that’s efficient, reliable, and built to last. For those with bold visions seeking premium, high-end service to outpace the competition, Gehtsoft isn’t just a partner - it’s a catalyst for transformative success. Takeaways * TRIZ is a systematic approach to innovation. * Understanding contradictions is key to problem-solving. * TRIZ incorporates elements from various problem-solving methodologies. * Defining market needs is crucial for successful innovation. * Confirmation bias can hinder effective problem-solving. * TRIZ can be applied in software engineering and other fields. * The evolution of systems can be predicted using TRIZ principles. * Reusability is a key concept in problem-solving. * Expertise can create biases and narrow perspectives. * Being a T-shaped or E-shaped specialist enhances problem-solving capabilities. * Innovation requires a structured approach, such as TRIZ. * Curiosity and continuous learning are essential for innovation. * Start with small improvements to build confidence in problem-solving. Sponsors * Webflow - Create custom, responsive websites without coding https://try.webflow.com/0lse98neclhe * MeetGeek - Automatically video record, transcribe, summarize, and share granular insights from every meeting to any tool https://get.meetgeek.ai/yjteozr4m6ln Connect with Ivan * Website: https://www.gehtsoftusa.com/ * LinkedIn: https://www.linkedin.com/in/ivan-gekht/ Timestamps 00:00 Intro 01:36 What is TRIZ? 03:22 How has TRIZ evolved since its inception? 04:51 What does TRIZ stand for? 05:07 Core principles of TRIZ? 08:19 Processes within TRIZ 11:22 What makes TRIZ unique compared to other innovation methods? 16:01 Practical applications of TRIZ in software engineering 20:58 Using TRIZ outside tech industry 26:40 Challenges and limitations of TRIZ 33:35 Applying TRIZ across industries 39:19 Resources for learning TRIZ 46:06 Advice from Ivan Podcast Links * https://linktr.ee/anhourofinnovation Connect with Vit * Website: https://vitlyoshin.com/contact/ * LinkedIn: https://www.linkedin.com/in/vit-lyoshin/ Please subscribe, leave an honest review, and share with people you think will benefit from hearing this information.

In this episode of the Hour of Innovation podcast, Josh Folk talks about the challenges of strategic alignment within organizations. Josh shares his journey of becoming a leader in innovation and discusses the barriers that innovation leaders face, including communication issues and the need for a culture of collaboration. He explores the role of AI in addressing these challenges and introduces his new venture, StratRocket, which aims to enhance clarity and alignment within organizations. Takeaways * Innovation leaders face significant challenges in alignment * Cultural barriers can hinder effective communication * AI has the potential to simplify complex processes * Understanding the strategy is crucial for all levels of staff * Leadership alignment directly impacts employee motivation * The 'telephone tag' problem complicates communication * StratRocket aims to bridge the gap in strategy execution * Everyone perceives company strategy through their unique lens * Understanding perspectives enhances communication effectiveness * Participation leads to better outcomes in strategy * AI can reduce friction and busy work * Why do we still use annual planning cycles? * Alignment improves culture and engagement * Every team member can contribute to the strategy * AI can help articulate and clarify ideas Sponsors * Webflow - Create custom, responsive websites without coding https://try.webflow.com/0lse98neclhe * MeetGeek - Automatically video record, transcribe, summarize, and share granular insights from every meeting to any tool https://get.meetgeek.ai/yjteozr4m6ln Connect with * Website: https://stratrocket.com/ * LinkedIn: https://www.linkedin.com/in/joshuafolk/ * X: https://x.com/joshfolk Timestamps 00:00 Introduction 06:04 StratRocket 10:32 Difficulties with alignment within an organization 22:09 Solving strategy alignment problems 26:19 Understanding perspectives in communication 30:56 Continuous execution 38:52 How AI helps with strategy alignment 42:39 Generating insights, reporting, and notifications 45:14 Feedback from beta users 50:12 Advice from Josh Podcast Links * https://linktr.ee/anhourofinnovation Connect with Vit * Website: https://vitlyoshin.com/contact/ * LinkedIn: https://www.linkedin.com/in/vit-lyoshin/ Please subscribe, leave an honest review, and share with people you think will benefit from hearing this information.

In this conversation, Dr. Alfred Spector discusses the complexities of data science and artificial intelligence, emphasizing the importance of understanding the broader context beyond technical aspects. Dr. Alfred Spector is a visiting scholar at MIT, senior advisor at Blackstone, and co-author of the “Data Science in Context: Foundations, Challenges, Opportunities” book. Takeaways * Data science goes beyond just algorithms and models. * Understanding data science requires insight from large data collections. * AI applications are increasingly important across all sectors. * A rubric helps ensure comprehensive evaluation in data science applications. * The seven elements of the rubric guide the development of AI systems. * Balancing objectives in AI applications is crucial for success. * Transparency and understandability are key in AI systems. * Privacy and security are paramount in data-driven applications. * Real-world applications of AI must consider changing societal impacts. * Technology changes the way we experience life. * Generative AI can enhance creativity and efficiency. * Ethics in AI must consider broader societal impacts. * Liberal arts education is crucial for tech professionals. * Data science should be taught to everyone. * The future will require adaptability to new technologies. * Context is key in applying AI responsibly. * Balancing ethics, politics, and economics is essential. * Regulation should focus on AI applications, not AI itself. Sponsors * Webflow - Create custom, responsive websites without coding https://try.webflow.com/0lse98neclhe * MeetGeek - Automatically video record, transcribe, summarize, and share granular insights from every meeting to any tool https://get.meetgeek.ai/yjteozr4m6ln Connect with * LinkedIn: https://www.linkedin.com/in/alfred-spector/ * Book: https://www.amazon.com/Data-Science-Context-Foundations-Opportunities/dp/1009272209 * Three-Part Framework Article: https://dl.acm.org/doi/pdf/10.1145/3624726 * Harvard Data Science Review Article: https://hdsr.mitpress.mit.edu/pub/xyeriy3y/release/2 Timestamps 00:00 Introduction 01:06 Data Science in Context Book 02:39 Defining Data Science 06:24 The Relationship Between Data Science and AI 07:45 Evolution of Data Science and AI Beyond Technology 10:38 The Analysis Rubric for Data Science 27:12 Applying the Rubric in Real-Life Scenarios 33:56 Framework for Decision-Making in Technology 45:12 The Role of Liberal Arts in Technology Education 51:19 The Future of AI and Human Collaboration 53:51 Key Takeaways and Final Thoughts Podcast Links * https://linktr.ee/anhourofinnovation Connect with Vit * Website: https://vitlyoshin.com/contact/ * LinkedIn: https://www.linkedin.com/in/vit-lyoshin/ Please subscribe, leave an honest review, and share with people you think will benefit from hearing this information.

In this conversation, Dr. Stephen Porder, an associate provost for sustainability and professor of ecology at Brown University, discusses the core message of his book “Elemental: How Five Elements Changed Earth’s Past and Will Shape Our Future” and explores the historical impact of organisms on the environment, focusing on cyanobacteria, plants, and humans. He introduces the concept of 'life's formula' and emphasizes the importance of understanding the elements that makeup life. The discussion highlights the innovations that have allowed these organisms to change the world and draw parallels to current sustainability efforts, particularly in energy production and consumption. Dr. Porder discusses the critical role of renewable energy in stabilizing the grid, the impact of agriculture on sustainability, cultural shifts in food consumption, the challenges and solutions for carbon capture, and practical steps individuals can take to reduce their environmental impact. Takeaways * Organisms have historically made significant impacts on the environment. * Cyanobacteria were the first organisms to change the planet's atmosphere. * Plants revolutionized life on land and altered the climate. * Humans are now the third great world-changing organisms. * Electrifying homes and transportation is crucial for sustainability. * Solar and wind energy are now the cheapest forms of energy. * Batteries are becoming essential for energy storage and distribution. * The combination of renewables and batteries is crucial for energy stability. * Innovative management of nitrogen and phosphorus is key to sustainable agriculture. * Agriculture uses a significant amount of land and resources, impacting sustainability. * Carbon capture technology is still developing and needs renewable energy to be effective. * Smart incentives and regulations are necessary for energy efficiency. * Switching to LED bulbs is a simple yet effective way to save energy. * Eating less red meat and dairy can help mitigate climate change. * Individual actions should focus on high-impact changes rather than minor adjustments. Sponsors Webflow - Create custom, responsive websites without coding * https://try.webflow.com/0lse98neclhe MeetGeek - Automatically video record, transcribe, summarize, and share granular insights from every meeting to any tool * https://get.meetgeek.ai/yjteozr4m6ln Connect with * Website: https://porderlab.org/ * LinkedIn: https://www.linkedin.com/in/stephen-porder-966109244/ * Possibly Podcast: https://www.askpossibly.org/ Timestamps 00:00 Introduction 02:25 Changing the World: The Core Message of Elemental 03:36 Life's Formula: Understanding the Elements of Life 06:54 Cyanobacteria: The First World-Changing Organisms 16:00 Plants: Revolutionizing Life on Land 19:49 Humans: The Third Great World-Changing Organism 28:35 Sustainability at Home: Practical Steps for Change 38:43 The Energy Revolution: Solar, Wind, and Nuclear Power 41:48 The Role of Renewables in Energy Stability 47:46 Agriculture's Impact on Sustainability 01:03:07 Carbon Capture and Climate Solutions 01:12:08 Practical Steps for Individual Action Podcast Links * https://linktr.ee/anhourofinnovation Connect with Vit * Website: https://vitlyoshin.com/contact/ * LinkedIn: https://www.linkedin.com/in/vit-lyoshin/ Please subscribe, leave an honest review, and share with people you think will benefit from hearing this information.

In this episode of the An Hour of Innovation podcast, Sam Zellner talks about fostering a culture of innovation within organizations. He explains the importance of involving all employees in the innovation process, managing risks associated with new ideas, and measuring the success of innovation initiatives. Sam is the CEO of Inspire IP, a SaaS platform dedicated to helping corporations build and sustain innovation ecosystems. Sam also served as an Executive Director of Innovation at AT&T. Takeaways * Innovation is for everyone, not just a select few. * Start small and build your way up to a culture of innovation. * It's important to lower the risk level for new ideas. * Every idea does not need to be a complete game changer. * You need metrics to know what you're doing in innovation. * Don't fire people for good ideas that didn't work. * Innovation challenges can focus employee efforts and engagement. * You need a system that people believe in to capture ideas. * Recognizing and celebrating successes is crucial for innovation culture. * People need to feel heard and valued for innovation to thrive. * Innovation requires a structured process to be effective. * Employee involvement in idea generation is crucial. * Startups have a more fluid innovation process than large corporations. * Recognition of all contributors boosts morale and engagement. * Learning from failures is essential for future success. * Innovation can stem from unexpected sources within the organization. * Encouraging a culture of innovation can lead to better employee retention. * Small innovation projects can lead to significant improvements. *Proving the value of ideas to executives is key for implementation. Sponsors Webflow - Create custom, responsive websites without coding * https://try.webflow.com/0lse98neclhe MeetGeek - Automatically video record, transcribe, summarize, and share granular insights from every meeting to any tool * https://get.meetgeek.ai/yjteozr4m6ln Connect with * Website: https://inspireip.com/ * LinkedIn: https://www.linkedin.com/in/sam-zellner-ip/ Timestamps 00:00 Introduction 02:01 Sam’s Background 04:29 Building a Foundation for Innovation 11:15 Risk Management in Innovation 13:55 Measuring Innovation Success 17:38 Balancing Innovation and Maintenance 22:10 Empowering Employees to Innovate 28:46 Innovative Ideas from Real Experiences 32:54 The Importance of Process in Innovation 34:55 Navigating Employee Ideas and Ownership 40:06 Differences in Innovation Between Startups and Corporations 44:54 Learning from Failures and Expert Misjudgments 46:33 Advice from Sam Podcast Links * https://linktr.ee/anhourofinnovation Connect with Vit * Website: https://vitlyoshin.com/contact/ * LinkedIn: https://www.linkedin.com/in/vit-lyoshin/ Please subscribe, leave an honest review, and share with people you think will benefit from hearing this information.

In this episode of the Hour of Innovation podcast, Vikram Bharadwaj shares the unique challenges and opportunities of Product Management in Digital Consumer Marketplaces. He describes the essential skills Product Managers need to succeed in these dynamic environments, from balancing multiple sides of a marketplace to leveraging network effects, driving experimentation, and ensuring collaboration across all participants. Vik is a seasoned product manager with over 11 years of product experience in large-scale e-commerce and digital marketplace companies. Currently, he works at Zillow, developing innovative capabilities for mobile customers. Takeaways * Digital customer marketplaces connect multiple providers and consumers. * Marketplaces can be two-sided, three-sided, or four-sided. * Unique Tenets of Product Management in a Digital Consumer Marketplace: ** Mental model of a marketplace ** Network effects associated with the marketplace ** Measuring success for the marketplace ** Experimentation thought process ** Collaboration across the sides of the marketplace * Identifying the true end customer is crucial in any marketplace business. * Balancing supply and demand is a significant challenge for PMs. * Understanding network effects can create a virtuous cycle in marketplaces. * A North Star metric must focus on the end consumer and marketplace health. * Leading metrics are crucial for predicting successful deliveries. * Experimentation in marketplaces is more complex due to network effects. * Switchbacks allow for better measurement of feature impacts in marketplaces. * Collaboration is essential for successful product management in marketplaces. * Understanding the readiness of the other side is critical for experiments. * Successful product management in marketplaces requires foundational PM skills. * Engaging with marketplace communities can enhance learning. * Being a consumer of marketplaces helps build intuition for PMs. Sponsors Webflow - Create custom, responsive websites without coding * https://try.webflow.com/0lse98neclhe MeetGeek - Automatically video record, transcribe, summarize, and share granular insights from every meeting to any tool * https://get.meetgeek.ai/yjteozr4m6ln Connect with * Website: https://topmate.io/vikram_bharadwaj * LinkedIn: https://www.linkedin.com/in/bharadwajvikram/ Timestamps 00:00 Introduction 01:50 What a digital consumer marketplace is? 06:01 Key tenets of product management in marketplaces 10:29 Understanding the mental model of marketplaces 18:20 Navigating network effects in marketplaces 27:54 What is a North Star metric? 36:17 Experimentation techniques in marketplace businesses 49:27 Collaboration and communication best practices for PMs 52:58 Advice from Vik Podcast Links * https://linktr.ee/anhourofinnovation Connect with Vit * Website: https://vitlyoshin.com/contact/ * LinkedIn: https://www.linkedin.com/in/vit-lyoshin/ Please subscribe, leave an honest review, and share with people you think will benefit from hearing this information.

Heidi Ram, a seasoned product recruiter and advisor, discusses the current landscape of the job market for product management professionals. Heidi is a product recruiter, leader, and advisor to the Product Management community on industry insights, market trends, salaries, resumes, and more. And, she is a founding member of The Product Recruiter, where her team of recruiters solves the ambitious goals of Founders, CEOs, and CPOs by delivering world-class talent to design, build and launch products that deliver growth and scale. Takeaways * The market for product talent is still challenging. * Employers are looking for candidates with domain expertise. * Recruiters serve the employer's interests primarily. * Candidates should maintain relationships with recruiters. * Salaries for product managers are holding steady despite market fluctuations. * Candidates often underestimate the importance of human connection in interviews. * Gather statistics about your contributions while employed. * Expressing interest in a role is crucial during interviews. * Your career is a long-term journey with ups and downs. * Understanding the value of an opportunity is key to career growth. Sponsors * Webflow - Create custom, responsive websites without coding: https://try.webflow.com/0lse98neclhe Connect with Heidi * Website: https://www.theproductrecruiter.com/ * LinkedIn: https://www.linkedin.com/in/heidiram/ * Medium: https://medium.com/@ProductRecruiter * Parent Company: https://www.linkedin.com/company/martyn-bassett-associates/?viewAsMember=true Timestamps 00:00 Introduction 03:02 Current market landscape for product talent 09:49 Hiring trends and sector demands 14:25 Understanding the role of recruiters 18:07 Navigating the candidate-recruiter relationship 26:02 Challenges in product recruitment 27:46 Employer expectations and trends 34:50 Candidate pitfalls in the job search 47:19 Career advice for employed product managers 53:45 Compensation trends in product management 01:00:42 Equity for product managers 01:07:38 Advice from Heidi Podcast Links * https://linktr.ee/anhourofinnovation Connect with Vit * Website: https://vitlyoshin.com/contact/ * LinkedIn: https://www.linkedin.com/in/vit-lyoshin/ Please subscribe, leave an honest review, and share with people you think will benefit from hearing this information.