How do you go from investment banking and selling watches to becoming a healthtech entrepreneur? This week, James is joined by Shaun Azam who runs finance, operations and a whole lot more at Sweatcoin, a UK-based healthtech company on a mission to leave a mark on the world by helping every person on the planet be more active. Sweatcoin is a digital currency backed by physical movement - they verify and convert movement into currency. Users can then donate to charity, transfer to other users or spend on products, services, and experiences provided by Sweatcoin vendors and user community.
Sweatcoin tackles Present Bias by moving the future benefits of exercise into the here and now - immediately converting movement into a digital currency and changing the perception of physical movement. In Janary 2018 they raised $5.7 million in a seed round led by Goodwater Capital with participation from Greylock Partners, Rubylight, Seedcamp, and SmartHub.
Previously, Shaun built a consumer brand in his spare time to a six-figure business, worked in a global investment bank trading government bonds and advised some of the largest companies in the world on corporate strategy. James and Shaun discuss Shaun's hourney and what led him to Sweatcoin, how to escape the city, how to approach networking events to get opportunities in healthtech, how to build a business in public health, (there are B2B models that can work!) and a whole lot more.
www.sweatco.in | firstname.lastname@example.org | https://www.linkedin.com/in/shaunazam/
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You can get our host, Dr. James Somauroo, at www.jamessomauroo.com and you can follow him on Twitter @jamessomauroo, on Instagram @j_soms and on Linkedin at james-somauroo