Nick is the CEO and founder of Strados Labs, a digital health and wearable technology company. As a way of improving patient care outside of the hospital, Nick’s team created a wearable device that sends biometric data to your smartphone which can then be sent on to a physician or care team. The device can monitor things such as coughing, wheezing, and changes in breathing in order to detect potential respiratory disease. Throughout the workweek (all seven days of it), Nick can find himself hands-on in any of his company’s departments, from accounting and human resources to product design and investor pitches.
Transcript
My name is Nick Delmonico and I'm the CEO and co-founder of a company called Stratus Labs. Stratus Labs is a digital health and wearable technology company, focused on respiratory health and remote monitoring. For us, we know that there's a new frontier of healthcare. Health 2.0, will require new technologies to be integrated into the health system, to have higher touch levels of care, which means getting information about people while they're not in the hospital. So you can better understand their signs and symptoms, better understand whether they may or may not need hospital resources. That's where Stratus Labs comes in, is that remote monitoring tool to help somebody who has a respiratory condition, for example, like asthma, be able to personally understand their signs and symptoms better by recognizing wheezes and coughs and shortness of breath. And also being able to communicate those signs and symptoms back to a physician or a care team. Our flag ship product is actually a little wearable device, about the size of a watch face, that sits on your chest or back in a little adhesive sticker. And syncs to your smart phone, go about your day. And again, that's where you're getting that information about any type of wheezing or coughing or changes in respiratory sound that may indicate that you are experiencing some sort of issue related to your respiratory health. So, it's pretty small. Has two microphones in it, one that listens to the outside noise. One that listens to your heart and lungs and syncs to your smart phone. Yeah, a day for me as an entrepreneur, it's sort of taking an MBA, which is what I did at Temple and doing all of those classes, but actually in real life, so I do Finance. I do HR, I do Product Design and Development. I work with all of our teams, managing those products. Projects, and you know, for me, it varies on a daily basis. Sometimes I'm traveling for investor pitches or presentations. And sometimes I'm actually just doing accounting for six or seven hours a day. So it really varies, but that's what makes it so exciting for me. I would say thinking of others first, and that's something that's not always intuitive to people. I have my own expectations for what needs to get done from a product or project perspective, but I need to always put myself in the shoes of the people who are actually actively working on it. And understand why maybe a deadline may have been missed or why somebody might've been struggling. And put myself out there to listen to those concerns, rather than just barking orders at somebody and telling them it needs to get done no matter what. So, for me, it's always being compassionate and understanding of their situations first and foremost. But then, again, still trying to stick to those deadlines, making sure things are getting done and figuring out why they're not getting done to make change.
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