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Finding Investors and Setting Goals with Michael Brown CloudNine AI
Today we are joined by Michael Brown who is a co-founder of CloudNine AI. They are a company that gathers and stores healthcare information for researchers to utilize as they try to find connections and cures for diseases. Michael talks with us about the incredible work they are doing and how they have grown and scaled in the past three years. He talks about their planning cycles, team development, and the breakdown and relationship between him and his co-founder. Tune in today to hear about the mind-blowing work they are doing and the best ways to partner with investors.
IN THIS EPISODE:
- [6:13] What is CloudNine AI?
- [8:45] How can this private information be shared with researchers legally?
- [11:13] How does the AI know if the information is confidential?
- [13:34] How does CloudNine AI gather data that is stored in Excel sheets?
- [15:42] How long is the process to get the data digitalized to where researchers can use it?
- [17:24] How much data has been gathered in the last three years?
- [18:21] What type of team does CloudNine AI have? How has it grown over time?
- [20:36] How was the business impacted when the 3rd co-founder passed away?
- [23:00] How does CloudNine AI manage its planning cycles?
- [27:18] What does the focus on revenue look like? Do they have someone in charge of business development?
- [29:29] How do they have conversations with investors about equity and having skin in the game with the company?
- [31:28] How did they get their first company?
- [32:09] What is the breakdown of roles between the two co-founders?
- [32:56] Where will they be attending their next tradeshows?
KEY TAKEAWAYS:
- When looking for investors for your company, you have to constantly be talking to people and pitching your business.
- If a business has a co-founder, it is critical to put together legal notes regarding what happens to the company if someone wants out, what happens if someone passes away, etc.
- Minimize focus to the next 100 days with your goals. This helps you stay focused instead of getting too far ahead and skipping over important steps. Things can/will shift within those 100 days and may change direction, but at least you are focusing on a smaller amount of time. Then start planning out your 5-year, 10-year goals.
BIO:
Michael Brown is the Founder of CloudNine AI and CloudNine Healthcare AI. Democratizing AI with Human-Centered design provides untapped opportunities for enterprises to protect personal information while leveraging data for instant insights. By using data as a resource, the greater the value, the greater the need to apply measured governance – tracking, data protection, maintenance, and compliance with applicable obligations while the pace of change and innovation rapidly evolves.
Healthcare, Insurance, Agriculture, and Finance are among the industries that are governed by such a wide range of regulatory obligations around the treatment of personal information, while also needing to ingest, analyze, process, and retain the most sensitive information belonging to the leading companies in the world.
As the Founder and CEO, Michael has developed, implemented, and deploys our human-centered AI for enterprises positioning the organization to leverage the transformative opportunities that human-center design presents. In his role, Michael is responsible for the processes, tools, and controls necessary to meet the complex information handling requirements, enabling use while ensuring protection. Enabling the use of information while complying with regulatory obligations, protecting digital information, and PII
With over 25 years of experience assisting company innovations with business-enabling technologies while managing related risks. The experience helps focus on the management of information, technology, protection, and privacy risk/control frameworks, to ensure they are aligned with business strategies, processes, policies, and compliance requirements, and to make information privacy and confidentiality part of the organization’s culture.
Also, a dedicated philanthropist supporting a number of charities that focus on children, inclusion, economic equality, food security, and serving the last billion. Human-centered AI should Predict, Prevent & Cure Diseases. #aiforthe
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