Success Story with Scott D. Clary
Lessons - Creating and Scaling a Ketamine Company | Jose Muñoz Aycart - Co-Founder of Wondermed
Published on Apr 5, 2024, 1:03:12 AM
Total time: 00:05:09
Success Story with Scott D. Clary
Published on Apr 5, 2024, 1:03:12 AM
Total time: 00:05:09
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In this "Lessons" episode, we dive into the challenges and triumphs of building Wondermed, a company focused on ketamine-based treatments. Jose Muñoz Aycart, co-founder and managing director, discusses the unique considerations involved in navigating a new and emerging market within the psychedelic space.
Building from Scratch: With no existing models, Wondermed meticulously defined legal aspects, business models, and margins. Navigating complex regulations was crucial, taking two years before launch.
Investors Driven by Impact: Wondermed attracted investors passionate about ketamine's benefits and those seeking high-growth market innovation. Their unique model combines technology, service, and product, with personalized treatment creating a patient education marketing opportunity.
Staged Investment Journey: Fundraising wasn't a one-time event. Wondermed secured capital in stages as the company transitioned from building to growth phases. Transparency throughout the process, including educating investors about the psychedelic space, built trust and addressed regulatory concerns.
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YouTube: https://youtu.be/EnVxZQOH5dM?si=fmTdxv22VGzj0UEu
Spotify: https://open.spotify.com/episode/3uL4E3G7L2K3dK4L8yPRX3?si=ef7624c978bc4423
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https://www.youtube.com/c/scottdclary
Welcome to the Success Story Podcast, hosted by entrepreneur, business executive, author, educator & speaker, Scott D. Clary (@scottdclary). On this podcast, you'll find interviews, Q&A, keynote presentations & conversations on sales, marketing, business, startups and entrepreneurship. Scott will discuss some of the lessons he's learned over his own career, as well as have candid interviews with execs, celebrities, notable figures and politicians. All who have achieved success through both wins and losses, to learn more about their life, their ideas and insights. He sits down with leaders and mentors and unpacks their story to help pass those lessons onto others through both experiences and tactical strategy for business professionals, entrepreneurs and everyone in between. To get more of the Success Story podcast, go to www.successstorypodcast.com.