Uncovering problem and solution fit on a startup budget w/ Eric Dai

 

 

“If you build it, they will come” only works in baseball. The truth is if you build it and they don’t know about it, you’ll never be seen.

Eric Dai from Bio Launch at the University of Pennsylvania knows a few things about establishing problem and solution awareness - and how that works with product-market fit

One of the keys to being “seen” is by helping people first. You’ll never make money if you’re not providing a product or service that fills a need or solves a problem.

Intrigued? We were. So we invited Eric to come on the show and talk to us about the enormous impact transparency, positivity, and balanced relationships have on problem-solution awareness.

If you’re a budding entrepreneur, this episode has your name written all over it!  

 

Here are the show highlights:

  • Why we need to do the right things for the right reasons (10:30)
  • The positive effects of purpose-driven organizations (12:30)
  • How value propositions and building relationships affect funding (18:52)
  • The importance of knowing your value proposition’s sweet spot (22:17) 
  • Do you have problem-solution awareness? (26:55)
  • This HUGE company killed it on co-creation (29:04)

 

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Guest Bio

Eric Dai is a venture associate at Pillar VC/Petri and co-founder and Managing Director for Bio Launch, the University of Pennsylvania’s first student-run biotech accelerator.

He’s also co-founder and host of Behind Biotech, a podcast that shares the stories of the innovative science and leaders behind biotech to educate and inspire future leaders in the life sciences.

Eric uses his experience and expertise in technical problem-solving to fuel his passion for bringing people together. He’s out to change the world for the better.

If you’d like more information about Bio Launch, you can contact Eric directly at eric@petri.bio or you can find him on LinkedIn at Eric Dai.