Insight
Brown: Self-funding frees founders from answering to investors and short-term revenue
“I, you know, when it's your own capital at risk, you can do whatever the hell you want, and you don't have to answer to anybody. You don't have to be overly concerned about generating revenue.”
Prediction Not checkable as stated
Brown: Precision medicine will filter down into corporate wellness programs
“We really think this whole notion of precision medicine, precision health will filter down into corporate wellness programs.”
Disclosure
Don Brown: Interactive Intelligence prioritized acquiring distributors over tech tuck-ins
“We didn't exactly do a roll-up. We did a few tuck-in acquisitions along the way. I'm an engineer by you know, by training, and so I always think I can build something better than anybody else, and that makes it kind of hard to do acquisitions, at least for tec…”
Disclosure
Brown: LifeOmic Has Not Yet Determined Its Revenue Model
“I, well, we're still trying to figure out the revenue model. We're more concerned right now about building a cloud-based platform for precision medicine.”
Assertion Supported
Brown: LifeOmic and IU Medicine Are Modeling Cancer Patient Treatment Responses
“We're working with large academic medical centers like at all my alma mater, the Indiana University School of Medicine. They're loading up information about thousands of cancer patients to try to use our machine learning and other techniques to figure out who'…”
Insight
Brown: Most genes are shaped by environmental exposure, not pure determinism
“There are a few genes where if you've been dealt a bad hand, you know that's just the luck of the draw, but most genes really are affected by the environment, and so it's that combination of your whole genome sequence and your environmental exposure.”
Disclosure
Brown: LifeOmic plans freemium model for corporate wellness platform
“We plan to offer kind of a freemium model where organizations can use our mobile app and our cloud platform for free for their
[483] Don Brown: employees or members.
[486] Don Brown: and then we have more specialized services that we can offer on top of what …”
Disclosure
Brown: LifeOmic is completely self-funded out of pocket
“No, I've funded it all out of pocket myself so far.”
Disclosure
Brown Refused to Sell Interactive Intelligence Stock During Dot-Com Peak
“You know, I didn't sell any stock. I, for one thing, it just felt unreal. And it just felt wrong on some level that I just didn't feel right about selling stock at that sort of valuation.”
Assertion Supported
Brown: Interactive Intelligence did roughly $100M per quarter before acquisition
“We were acquired at the end of 2016. I think we were doing roughly a hundred million dollars a quarter.”
Assertion Partly supported
Brown Announced LifeOmic the Day After the Genesys Acquisition Closed
“I announced Lifomic the day after the deal closed with Genesis.”
Disclosure
Brown: LifeOmic prices software based on AWS compute and storage metrics
“We basically charge based upon the amount of data and the sort of computational load that it imposes.
[357] Podcast Host: Measured by what?
[359] Don Brown: I'm sorry?
[360] Podcast Host: What's the actual metric you're measuring?
[361] Podcast Host: Computati…”
Assertion Not yet assessed · timeframe Dec 1999
Brown: Interactive Intelligence grew revenue from $1.5M to $18M at 1999 IPO
“We, ah, we released our product in 97 and, ah, did 1.5 million dollars in revenue. In 98, we did nine million dollars. In 99, when we went public, we did eighteen million dollars in revenue.”
Assertion Supported
Brown: Interactive Intelligence hit a $750M market cap within one year of IPO
“We popped, within a year, we had a three-quarter of a billion dollar market cap.”
Assertion Supported
Brown: Interactive Intelligence stock crashed from ~$54 to under $2
“The stock price went from a high of, I think, 54 bucks a share back then to a low of under two dollars. Within three or four years”
