nurturing a foodie dream from idea to product … › pdf › nomiku-entrepreneur-spotlight.pdf ·...

3
At first glance, Lisa Fetterman seems an unlikely prospect to become CEO of a fast- rising hardware company with a big mission. But, the full story reveals a tenacious attitude, a willingness to take risks when the rewards appear worthwhile, and a partner—her husband, Abe Fetterman—who shared the dream and contributed steady resolve and technical chops to the enterprise. Together, teamed with industrial designer Bam Suppipat, they successfully built a company, Nomiku, and introduced an innovative sous vide machine to the market. The Nomiku immersion circulator simplifies cooking, creating a flow of water around a vacuum-sealed food container at a precise temperature, slowly cooking the ingredients while maintaining the flavors and natural juices. For the uninitiated, sous vide (pronounced soo-veed, French for “under vacuum”) originated in an upscale restaurant two decades ago and has since become a favored culinary technique for top chefs. NURTURING A FOODIE DREAM FROM IDEA TO PRODUCT NOMIKU ENTREPRENEUR’S SPOTLIGHT

Upload: others

Post on 05-Jul-2020

0 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: NURTURING A FOODIE DREAM FROM IDEA TO PRODUCT … › pdf › Nomiku-Entrepreneur-Spotlight.pdf · first accelerator was three years ago, and it’s called HAX Accelerator [formerly

At first glance, Lisa Fetterman seems an unlikely prospect to become CEO of a fast-rising hardware company with a big mission. But, the full story reveals a tenacious attitude, a willingness to take risks when the rewards appear worthwhile, and a partner—her husband, Abe Fetterman—who shared the dream and contributed steady resolve and technical chops to the enterprise. Together, teamed with industrial designer Bam Suppipat, they successfully built a company, Nomiku, and introduced an innovative sous vide machine to the market. The Nomiku immersion circulator simplifies cooking, creating a flow of water around a vacuum-sealed food container at a precise temperature, slowly cooking the ingredients while maintaining the flavors and natural juices. For the uninitiated, sous vide (pronounced soo-veed, French for “under vacuum”) originated in an upscale restaurant two decades ago and has since become a favored culinary technique for top chefs.

NURTURING A FOODIE DREAM FROM IDEA TO PRODUCT

NOMIKU ENTREPRENEUR’S SPOTLIGHT

Page 2: NURTURING A FOODIE DREAM FROM IDEA TO PRODUCT … › pdf › Nomiku-Entrepreneur-Spotlight.pdf · first accelerator was three years ago, and it’s called HAX Accelerator [formerly

Nurturing a Foodie Dream 1

UNCERTAIN BEGINNINGSAsked about the entrepreneurial origins of Nomiku, Lisa responds, “We are graduates of Y Combinator, the preeminent accelerator for tech companies in the world. I am one of the top-ten women to watch in hardware, according to Forbes, and we have made over $2.5 million in revenue since we started shipping.”

The idea for the Nomiku immersion circulator arose out of a conversation on their first date. With a shared passion for fine food, Lisa and Abe were conversing about sous vide and mutually decided to build a compact home-kitchen version of a sous vide machine at a time when commercial versions cost thousands of dollars. The first DIY kit they introduced set the idea in motion. “We just hacked it together from hardware finds and some stuff we bought off the Internet,” Lisa says.

Investors they discussed the Nomiku with were skeptical. “We couldn’t raise any capital without proving a market. I went to investors and their common gem was, ‘I don’t see it, so I don’t get it.’ Then we put it on Kickstarter, and we became the number-one, most-funded project in the food category.”

To expand their entrepreneurial expertise, Lisa and Abe investigated hardware accelerators. “The first accelerator was three years ago, and it’s called HAX Accelerator [formerly HAXLR8R]. It was the first ever hardware accelerator. It was in Shenzhen, and we lived in China for three months, and that’s how we built our prototype. It was a very thrilling time.”

“We just hacked it together from hardware finds and some stuff we bought off the Internet.” — Lisa Fetterman, CEO

YEARS OF BUILDING PROTOTYPESOn a trip to Thailand to recharge their batteries after the stress of Shenzhen, Lisa and Abe met with a friend, Bam Suppipat, who had a degree in industrial design as well as a deep interest in low-temperature cooking. After some excited conversations about the design of the Nomiku immersion circulator, Bam became part of the team.

Lisa noted that Nomiku uses SOLIDWORKS® as the design tool of choice. “SOLIDWORKS is crucial to design,” she says. “It’s how we test before we make our prototypes. When it came down in price, SOLIDWORKS was a revolutionary tool for makers everywhere.”

The iterative design process continued for months, punctuated by sessions of field-testing in the kitchens where improvements were incorporated into the first-generation Nomiku, now shipping, and the second-generation Wi-Fi–controlled Nomiku, which is in the manufacturing stage. Sales are brisk, and interest in the product is growing.

Page 3: NURTURING A FOODIE DREAM FROM IDEA TO PRODUCT … › pdf › Nomiku-Entrepreneur-Spotlight.pdf · first accelerator was three years ago, and it’s called HAX Accelerator [formerly

Our 3DEXPERIENCE platform powers our brand applications, serving 12 industries, and provides a rich portfolio of industry solution experiences. Dassault Systèmes, the 3DEXPERIENCE® Company, provides business and people with virtual universes to imagine sustainable innovations. Its world-leading solutions transform the way products are designed, produced, and supported. Dassault Systèmes’ collaborative solutions foster social innovation, expanding possibilities for the virtual world to improve the real world. The group brings value to over 190,000 customers of all sizes in all industries in more than 140 countries. For more information, visit www.3ds.com.

Europe/Middle East/AfricaDassault Systèmes10, rue Marcel DassaultCS 4050178946 Vélizy-Villacoublay CedexFrance

AmericasDassault Systèmes175 Wyman StreetWaltham, Massachusetts02451-1223USA

Asia-Pacifi cDassault Systèmes K.K.ThinkPark Tower2-1-1 Osaki, Shinagawa-ku,Tokyo 141-6020Japan

©20

15 D

assa

ult S

ystè

mes

. All

righ

ts re

serv

ed. 3

DEX

PER

IEN

CE, t

he C

ompa

ss ic

on a

nd th

e 3D

S lo

go, C

ATI

A, S

OLI

DW

OR

KS, E

NO

VIA

, DEL

MIA

, SIM

ULI

A, G

EOVI

A, E

XALE

AD

, 3D

VIA

, 3D

SWYM

, BIO

VIA

, NET

VIB

ES, a

nd 3

DEX

CITE

are

com

mer

cial

trad

emar

ks

or re

gist

ered

trad

emar

ks o

f Das

saul

t Sys

tèm

es o

r its

sub

sidi

arie

s in

the

U.S

. and

/or o

ther

cou

ntri

es. A

ll ot

her t

rade

mar

ks a

re o

wne

d by

thei

r res

pect

ive

owne

rs. U

se o

f any

Das

saul

t Sys

tèm

es o

r its

sub

sidi

arie

s tr

adem

arks

is s

ubje

ct to

thei

r exp

ress

wri

tten

app

rova

l.

LESSONS LEARNEDLisa has accumulated a vast store of knowledge about nurturing a startup from idea to shipping product. When asked about advice for budding entrepreneurs, she says, “Number one is to sell something now. Whatever you can sell now, sell it. If it’s a DIY kit, if it’s your service list, you have to meet a customer immediately. In sales, they say that the easiest customer to make is one that you have already. Create a customer base now. The second one is control your emotions. When you are growing a startup, you lead the culture even if people don’t react to the way you react to something—it’s equally so as an organization. You have to be well aware. Number three would be take care of yourself. You might think, ‘Oh, working a twelve-hour day is the bomb!’ You can’t burn out. You’re in this for the long haul.”

THE WAY EVERYBODY IS GOING TO COOKLisa’s enthusiasm for the enterprise is infectious. “We started this movement,” she says. “We created the source as a home-based, sous vide immersion circulator. I’ve just seen it grow exponentially. Our revenue doubles every year. When Steve Jobs and Wozniak fi rst made the home computer, everybody was saying, ‘I would never use a home computer. A computer at home, what is this?’ Now everybody is glued to their computers—it’s in their hands. That’s why I’m so excited. This is the way everybody is going to cook. It starts now.”

, the

Com

pass

icon

and

the

3DS

logo

, CA

TIA

, SO

LID

WO

RKS

, EN

OVI

A, D

ELM

IA, S

IMU

LIA

, GEO

VIA

, EXA

LEA

D, 3

D V

IA, 3

DSW

YM, B

IOVI

A, N

ETVI

BES

, and

3D

EXCI

TE a

re c

omm

erci

al tr

adem

arks

or

regi

ster

ed tr

adem

arks

of D

assa

ult S

ystè

mes

or i

ts s

ubsi

diar

ies

in th

e U

.S. a

nd/o

r oth

er c

ount

ries

. All

othe

r tra

dem

arks

are

ow

ned

by th

eir r

espe

ctiv

e ow

ners

. Use

of a

ny D

assa

ult S

ystè

mes

or i

ts s

ubsi

diar

ies

trad

emar

ks is

sub

ject

to th

eir e

xpre

ss w

ritt

en a

ppro

val.

Lisa’s enthusiasm for the enterprise is infectious. “We started this movement,” she says. “We created the source as a home-based, sous vide immersion circulator. I’ve just seen it grow exponentially. Our revenue doubles every year. When Steve Jobs and Wozniak fi rst made the home computer, everybody was saying, ‘I would never use a home computer. A computer at home, what is this?’ Now everybody is glued to their computers—it’s in their hands. That’s why I’m so excited. This is the way everybody

Lisa’s enthusiasm for the enterprise is infectious. “We started this movement,” she says. “We created the source as a home-based, sous vide immersion circulator. I’ve just seen it grow exponentially. Our revenue doubles every year. When Steve Jobs and Wozniak fi rst made the home computer, everybody was saying, ‘I would never use a home computer. A computer at home, what is this?’ Now everybody is glued to their computers—it’s in their hands. That’s why I’m so excited. This is the way everybody