#5: Erik Korem, Founder & CEO | AIM7
Download MP3As the CEO of the company,
people need to feel your passion.
They need to feel your enthusiasm.
They also need to feel
when something isn't right.
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Welcome to In the Thick of It.
I'm your host, Scott Hollrah.
Today's episode is an extra fun one for me.
When you're a college student, you spend time with lots
of people, and you tend to wonder what they will
do as they go off into the world.
I've known today's guest, Erik Korem since
our days at Texas A&M.
I'm excited to share Erik's journey from coaching at multiple
elite Power Five schools to the NFL and eventually taking
on funding to launch his business, aim seven.
I'd like to welcome Erik Korem.
Dr. Erik Korem to the In the Thick of It podcast.
I've known you since we were both, what, 18?
So calling you doctor is a little bit foreign.
You don't have to call me doctor.
That's like an academic setting, only I'm not an MD.
Oh, man.
Well, thanks so much for making time.
Would you just maybe take a
minute and kind of introduce yourself? Yeah.
So, first of all, Scott, thank you
for having me on the show.
We have known each other since we were 18.
A lot has changed.
You grow up, you learn, you adapt.
You have a family, you have a business.
So there's a lot of things that have changed.
But, yeah, I grew up in Dallas, Texas.
I went to Texas A and M. That's where we met.
We were an aggie men's club.
I was a walk on football player, got really
interested in human performance, went on to have a
16 year career in the NFL, college football, and
started as a traditional strength and conditioning coach.
Then I introduced sports science
to American sports in 2011.
So if you've ever watched an NFL game and they
show a player running down the field, and they're like,
oh, so and so is running 20 miles an hour.
I pioneered that technology when I was a Florida state.
Really interesting time because this did
not exist in the US.
I went to Australia, brought this technology back.
These little devices were putting on
the players connected to GPS satellites
and accelerometers and all this stuff.
And we had millions of data points, and so
much so that I had to hire a former
NASA propulsion engineer to help us organize the data.
But it was just data, and
I think you'll find this interesting.
Coach Fisher comes to me after the first week.
Jimbo Fisher was the head coach at the time.
He's like, all right, Eric, how
are we going to use this?
I'm like, I don't know.
That did not go over very well.
We spent time and money, and we have a lot of
data, but we don't know what to do with it. Right?
And so, actually, I'll tell you the real story.
He said it was practice hard.
And I was like, I think so.
And he was like, basically shut the front door.
And so I was like, I'm going to shut my mouth.
And what we did was, for the first
time ever, we quantified the game of football.
What actually happens in a game,
what actually happens in practice.
We found two things, and this translates to business.
If you think about where this is going, if you want
to be elite, you have to reverse and engineer success.
So we didn't even know what the game was.
We found out, number one, we
had elite coaches and elite players.
We were killing ourselves.
We were practicing four to five games worth of volume
during the week, and we were just dead on Saturday.
Number two, there was multiple things.
The second biggest one is, although
all these different positions had unique
demands, like a receiver playing core.
Four special teams, they sprint like actual high
speed sprinting, 2000 yards in a game.
They may cover 6000 total yards.
A lineman would sprint less than 100 yards in a game.
And most of the time that was
going from the sideline to the field.
It's just a different job.
But they were trained all the same.
So anyways, we changed the way that we practiced.
We modified it, I should say.
We used a lot of coordination of
like, hey, this player is tired.
Let's keep his pitch count down, rep
count, all this kind of stuff.
Next season, we had an 88% reduction in injury.
Our team went from nine wins to
13 wins and won a championship.
NFL flew in after the season
like, all right, what's happening here?
And it led to opening a multibillion dollar market
for sports wearables and data in the US.
So real quick.
You were there for the
Florida State National championship.
I left right before it.
I was there for the ACC championship in Orange Bowl.
But Mark Stoops offered me a job at Kentucky.
So very weird.
I show up as the speed coordinator and
nutrition coordinator, and then after the first season,
the Director of Football operations resigns.
He retires? Really?
And this is like the GM, essentially.
I'm just turned 30.
Jimbo asked me to take over this role.
This is a massive role.
I'm managing and running a
300 million dollar football organization.
I was like, Look, I'll do it if you name
me director of Sports Science and Football operations, he's like,
yeah, you can call yourself whatever you want.
That title didn't exist.
And so it opened the door for
me to do some really cool things.
So I've always been pushing the limits on things.
But then that job at
Kentucky was an amazing opportunity.
So nobody had ever done what's called
high performance, where they run strength conditioning,
sports medicine, psychology, they manage it all.
And Mark was like, yes.
And he tripled my salary.
So I had to take it.
And Jimbo didn't blame me.
There was, like, an interview.
He's like, well, the SEC wins again.
They got deep pockets.
So I went there, got a PhD while I
was there, if working full time in the SEC
wasn't enough and I noticed something in sports that
no matter what sport, I'd also worked 14 years
in pro track and trained multiple Olympic gold medalists.
And whether you were an elite football player or track
athlete, they all kind of had the same commonality.
They could adapt to stress faster
than anybody else, physical and psychological.
And so I wanted to understand what drove adaptation.
And so my research was, how does sleep
impact our ability to adapt to stress?
And we did some amazing stuff.
There some really cool foundational research
that's now part of my company.
Aim Seven, went on to be in the NFL.
And then in 2019, I'll kind of tie a bow on this.
I got really curious about
the consumer wearable market.
You got all these people with these
devices, the Apple Watch and Fitbits.
Yeah, but do they actually know how to use the data?
The answer is no.
Right now, we're spending $265,000,000,000 a year
in the US on health and fitness
and 20 billion a year on wearables.
But chronic disease, diabetes,
obesity are skyrocketing.
And longevity, for the first time in a
very long time, is declining in the US.
When you say longevity, you mean people's lifespans?
Yeah, they're not living as long.
And health span there's health span,
like, how healthy are those years?
And then lifespan.
And lifespan is actually doing this going down.
And first world countries are
continuing to accelerate upwards.
And arguably, no matter what you believe about
health insurance or whatever, we still have an
excellent health care system compared to other countries
where you can have access to medical care.
So I'm like, this is interesting.
So, long story short, I'm an academic.
We started doing a bunch of pilots and testing, and
we asked people, what do you want from your wearable?
Like, what is it that you actually want?
The number one response we've got was more energy.
This thing could give me more energy. We're like cool.
So we sought out to be like, can
we predict somebody's energy level with an Apple
Watch and some other data sets?
And not only could we do that, we could predict
their energy and mood state multiple days in advance.
And we had those models validated by
some machine learning experts at NC State.
And that's what started Aim Seven and started that really dug
into it in late 2020, went full time, had a lot
of bumps in the road, a lot of ups and downs.
I'm sure we'll get into.
We are in the thick of it, but we
are now at an inflection point where it's working.
And we rolled this out in
mid February to paying customers.
We have a 94% conversion rate to paying customers.
Our daily active user rate is three
X better than the market average.
Our retention rates are 80% plus.
After 30 days, an elite world class app is 20%.
And so the data, after 30 days, the average
person now is experiencing a 31% reduction in stress.
They're doing 38% more workouts, and we have a very
active audience, a very active user base, and we've actually
found that our long term value is enterprise.
And we're rolling out a platform solution here this coming
month to fitness studios in three markets in Texas.
So there's some really cool stuff going on, but you were
there for some of the big bumps in the road.
We're like, this sucks.
This is not what I had in mind.
Now we've stabilized, and it's really cool to have people
go use it and be like, this is changing.
Like, we're getting these emails.
I'm a more present parent right now.
I'm more mindful.
My resting heart rate is down ten
beats a minute in the first month.
I'm actually managing and coping with stress.
My weight, I'm losing weight.
Like, just these amazing stories are flooding.
And you're like, okay, we got something good.
But it took two years to get there.
Well, anything tech related takes time.
Yeah, I definitely want to dig more into
the business side of things, but I actually
want to go backward for a minute.
You mentioned earlier you grew up in Dallas.
Talk to us a little bit about how you grew up.
What was your home like, what'd you do after school?
Did you go to public, private school?
What was life like for Eric as a kid?
Yeah, both my parents were entrepreneurs.
My mom, Sandy Coram, is the owner of the Festive
Kitchen, which it's so funny, I can't talk to almost
anybody that grew up in Dallas that didn't, like, grow,
especially if you're in the Park Cities or Highland Park.
Didn't grow up on her food.
But she started that business out of a
400 square foot kitchen over a racket club.
She was baking brownies for a
hamburger shop called Chuck's Hamburgers.
And she was a registered nurse with no formal training.
And now she has a very
large catering and food manufacturing company.
She's in Central Market. She's everywhere.
She's got four or five locations
in the Dallas Fort Worth area.
But I grew up on the weekends.
During the school year, I was working catering events.
On Saturday, my mom put me to work.
In the summer, I was working.
Did you wear, like, a bow tie and jacket?
For a lot of times.
She stuck me in the back.
She didn't give me the glamorous jobs.
She always made me like I was
the person that helped load everything up.
I would be in the back
washing dishes, breaking stuff down.
Most of the waiters were older, and she
would do a lot of high profile events.
Like, eventually she got to the point
where she's doing, like, Troy Aikman's wedding,
Emmett Smith, these were her regular clients.
And so an 1618 year old kid
is not going to be out there.
It's going to be somebody that
presents a little bit better.
Okay, so your dad was an entrepreneur, too?
Yeah, he was an author, investigative journalist.
I would say one of the core
values that was never really verbally articulated,
but in our family was hard work.
One thing my parents always talked to me
about was, like, the parable of the talents.
Like, if God gives you a talent, you're
supposed to use it to your maximum capability.
And laziness was not acceptable.
And it instilled in me a really hard core work ethic.
I was an overweight kid.
Got picked on a lot, bullied a whole lot growing up.
And that kind of created this obsession
inside of me to make myself better.
And I remember I would mow lawns and save up money to
buy books on how to train my body, how to get faster.
I would pay for speed camps.
I mean, this is like before.
This stuff was easily accessible.
How old are you at this point?
1213?
Yeah, about that age.
I remember going to the Bob Ward speed camp in SMU.
Actually, Trinity Christian Academy
hosted a speed camp.
I was a big kid, but I'm just like
I'm reading all these books at the time.
I'd go to Barnes and Noble by like sports speed.
That was Dr. Bob Ward's book.
He was one of the first
real performance coaches in the NFL.
Then Nebraska Corn Huskers started putting out stuff.
Husker power.
And so I was just fascinated
with how to improve my body.
So fitness has been a part
of your life since the beginning?
It has, but I didn't have great genetics.
I had to work really hard
to just make marginal improvements.
And I tore my PEC in high school.
That set me back.
I had a lot of is that like a weight room injury?
Man, it was bizarre. It was.
But my brother, who doesn't look anything morphologically like
me, he's a very slight built he's a filmmaker.
Six weeks before his wedding, he's
warming up on bench press.
Boom, blows, the same exact.
So it was a genetic something around the attachment
point or whatever, and he wasn't bench pressing a
ton of you know, it was always like, I
was having to fight uphill battle.
And then I go to A M at a
time when they were just loaded with talent.
But I chose that.
I could have gone and played one AA football, and I
had an offer to go to University of California, San Diego.
One AA.
Great program.
My mom was like, no way.
And then A-M-A guy named Coach Ray Dor, who
actually died of ALS, he called and said, hey,
would you want to come and walk on here?
And I'm like, Heck, yeah.
And so I didn't know a ton about A and M.
I grew up in the area where Nebraska football
and Notre Dame were on TV every Saturday and
I just didn't really follow A and M.
Well, 1998, they won the Big Twelve Championship
and I was like I had saw them
in the Cotton Bowl the previous year.
I was like, man, this is pretty sweet.
And my dad took me down.
They were like, this is awesome.
So I still had to try out, made the
team, and that was four hard but wonderful years.
Made some amazing friendships, and really got
to test myself physically, mentally, every day.
Because, Scott, I don't know if you ever know this,
but we have a big spring game every year.
We're in a white game, and by no means
do I think I'm a really great athlete, okay?
But going into my junior year,
starting right guard gets hurt.
They bump me up and they're like,
all right, Eric, you're going to start.
And guess who's in front of me?
Ty Warren, 9th overall pick in the NFL draft.
I graded out, like 85%, which is super high.
I go in to meet with the offensive line coach.
He's like, Eric, I cannot believe it.
Like, you had a phenomenal game
by all stretches of the imagination.
That would have been a winning grade in
the Big Twelve, like a major game.
He's like, but you're not going to play next year.
I'm like, wait a second.
It's like I just went out against one of the
best players in college football, and it was just like,
they didn't have a vision for me to do anything,
and that was kind of the deal.
Well, then, ironically, I ended up working with
that offensive line coach at another university, and
I love him to death, but hopefully you
gave him a lot of crap about that.
I never brought it.
Then, you know, Coach Slocum gets fired, they
bring in Francioni and Francioni, they move me
to defensive line, and they're like, hey, you
actually can do some things.
And I remember the D line coach, Dan Eggan,
saying, if you would have played here all four
years, you really could have done something.
And I was like, wow.
And so I got a little bit of playing time, but
it was more like a validation of my thought, look, you
have to realize this person is here and I am here,
and you have to have a very realistic view on reality.
But I wanted to be in the fight, you know
what I'm saying, and see some reward for my effort.
But if I hadn't gone through that, I never would
have ended up on the career path I'm on now.
Was playing in the NFL part of your dream or
something that you thought about at I never I knew
I was never going to play in the NFL.
There are some people that are very
disillusioned, and that was one of the,
like, working with college athletes.
These guys like, I want to go to the league.
I'm like, you're not going to the like,
even teammates like, I'm going to the league.
I'm like, no, you're like, they just weren't aware.
Like, there is a difference.
And I was at that level.
And quite frankly, some of those guys you look at
and you're like, man, they don't look like NFL players,
but cognitively, they're at an entirely another level.
At that level, things happen so fast, spaces collapses.
The first game I was ever on the sidelines for, it
literally looked like a train wreck because a guy would catch
the ball and it was like a vacuum space would close
so quick, and the hits were so violent.
And the guys that succeed can
anticipate faster than anybody else.
They are moving, especially linebackers.
Some of the times you watch these old videos
of Ray Lewis as he's in his 10th year,
11th year, he's not fast anymore, but he is
getting to the ball because he is anticipating.
And I think that skill carries over to business.
It's instinct. It's instinct.
It's repetition.
It's training.
They're watching film.
They are preparing.
Guys would say would see an alignment.
They would see a movement.
They're like, this is what's happening.
Even though there's somebody else across the
line from them, that is their job,
is to make their day really tough.
And the opponent is trying to window dress everything.
They are understanding what's happened
based off of pattern recognition.
And I think the same thing happens in business
and investing and all that kind of stuff.
I listened to a podcast, and it's going to kill
me because I can't remember who was being interviewed.
But the guy talked about pattern recognition like that
was his strength, was pattern recognition, and that's what
helped him build and blow up his business.
Charlie Munger is somebody to study for that.
And who was he again?
So charlie Munger and Warren Buffett.
Berkshire Hathaway.
So if you don't know Charlie Munger is
he's probably one of the greatest thinkers of
our day, one of the most prolific investors.
But he they are ruthless about their like, we
do not we are more patient than everybody else,
and we are less stupid than everybody else.
They really think deeply about things.
Like, a lot of people, when
they acquire companies, are looking for
value, bargain value for mediocre companies.
And they're like, no, we're
looking for value, for quality.
And they have stuck with that thesis over
time, and they have made a fortune because
of it, and they've made mistakes.
But if you want to grow as A,
I highly, highly recommend you read the works
of Charlie Munger, learn about his heuristics.
From Munger has come like a whole
group of people, like Annie Duke.
There's a lot of people that study
these decision making models, these mental models.
So the view of the world and what's
happening is at another level, before we get
too deep into business, you've got kids. Yeah.
You played college sports at a big
D One program, and your wife also?
Yeah, she was an All American at Mississippi State, so
she was like a bazillion times better than me.
So you guys both got to play
post high school at a high level.
Big Twelve at the time for you SEC for her.
Does that play into how you parent your kids
and how you look at sports with them?
Is that in your minds, hey, we want
to see our kids be D One athletes?
No, I want my kids to be excellent at whatever they do.
So my oldest son, he's very creative.
He's an engineering type, he's an artist.
I just want him to find fulfillment in that and to
maximize his skill set and to be supported in whatever way
he can, because your children are just very different.
You know, this my middle son,
he hit the genetic lottery.
He's like two years old doing backflips and just
my wife and I knew that he was physically
gifted when we were one of the we've been
all seven, eight states during our marriage.
But one day he jumps off of a bed
and lands on the ground and sticks it.
I think he's like barely two, and we're like and we
go to the older son do that, he just collapses.
And I look at my wife, I'm like, uhoh and a year
later, he's doing backflips and all this kind of stuff, and he's
really into sports, but we don't have to tell him.
He is practicing all the time.
Like, he'll watch Machado or he'll watch somebody make
a play, and he'll literally go outside and mimic
it over and over and over and over.
It's just like how he's wired with the other ones.
They're, like, trying to create and build, I think, our
purview on what x he gets another level of coaching
from my wife, stuff that most seven, eight year olds
are never but he gets Nuanced coaching, and she also
holds him to a really high standard.
But at the same time, we love him up.
We want him to have fun.
We want him to just go out there and
play and enjoy and know that most likely he
won't be a college baseball player athlete.
That is the statistical likelihood that he won't.
We don't want him to burn out.
We don't him to regret these.
That's what most parents are doing
is they're crushing their kids.
Research demonstrates that if you do want
them to be elite, they should do
multiple sports and have frequent breaks.
Aaron Judge was a three sport athlete in high school.
Every year at the NFL, you watch Draft.
I guarantee you Scott Go do a Google search, and
they will go through ESPN does it almost every year,
and they list out all the multi sport athletes if
you specialize early, that is a recipe for disaster.
So our son do jiu jitsu baseball, or
the older son does jiu jitsu, and then
like, whatever else, that's this family sport.
He's been doing seven years.
The middle son jiu jitsu baseball, football.
We have them go out and play golf.
We go do just games and activities as a family, but
we're not trying to raise our kids to be androids.
Well, I'm glad to hear that because I think
way too many parents are focused on college scholarship,
and my kid's going to sign a seven figure
deal after they graduate from college, and that's just
not reality for it's a fraction of a percent.
Mom and dad, if you're listening, please don't do that.
It's the wrong move.
As an aside, here at Venn, we have two former
college athletes and they are some of our top performers.
I think that there's great they absolutely it's
the roll up your sleeves, whatever it takes.
That's not my job, does not exist in their world,
and I would love to hire more former college athletes.
You should get into a pipeline.
Is there something out there?
Is there like a oh, heck yeah. Okay.
You can go to the athletic departments and
they have people that are their job is
to help them with interviews and job placement.
And I think the one thing that if you're interested
in that, just know that there may be a learning
curve because literally their job, especially the higher level, has
been to be excellent at that thing.
And they go to school.
It's hard to do both.
My GPA.
Granted, I was not excellent.
One of my questions was going to be,
tell me about you as a student.
Were you a strong student?
Here we go.
Coming out of A and M,
I was exercise science, exercise phys.
I had a two eight.
The only reason I got into grad school at
Arkansas was I got a really good GRE score.
And then it was like everything changed.
I learned how to do very productive, deep work, and I was
in love with what I was doing and I was obsessed.
I was going to ask, was there a difference
in a curriculum that you were just more drawn
to, more interested in the graduate work?
Well, a and m it was hard.
First of all, it was really hard.
I was not mature.
There's a lot of things in
college where I was very immature.
Now that I look back and I think everybody is,
but there were some areas that I could have stepped
it up for sure went to grad mean.
It was like a shock to the system.
I'm living in somebody's basement in Arkansas,
going to the University of Arkansas.
I'm single.
I'm like, now's the time for me to
step it up to the next level.
If I want to be elite, if I want
to really make a difference, the training at A. M.
Was so good, though.
I had a 4.0, I think, after
two or three semesters in grad school.
And my head of the department was like, listen,
Eric, we're glad we made the bet on you,
because it's working, but this is boring, isn't it?
I was like, very they're like, why don't you go
do this physiology program in the animal science department?
And it's like, six or eight it
was like eight week chunks of, like,
neurofizz, endocrine fizz, blah, blah, blah, blah.
And honestly, I almost made a
switch to go into medical school.
I was like, you know what?
I just love the science.
So I took the MCAT, got a really good score.
I ended up teaching for Kaplan, and I was about
to go do that, and I started thinking about, what
kind of relationship do I want to have with somebody?
And I was doing rounds in the
hospital, and I couldn't stand it.
One of our good friends, our common David Nolan, was
I was coming down to the Houston Medical Center.
I started doing some rotations with different people.
I was like, I hate coming in and going out.
And that's when I decided that this wasn't for me.
But I think I finished my master's in PhD
with, like, a three nine or something like that.
That's fantastic.
Yeah, I mean, but I was really interested in it.
I was self directed, and I had grown up a little bit.
Yeah.
I'm by no means very smart. Whatever.
Now, did you take a break between undergrad and
graduate school, or did you go straight to Arkansas?
Went right into it, literally.
I had to do an internship to graduate.
I talked to our head strain conditioning coach, Mike
Clark, who is a legend in the field.
He went on to be in the NFL forever.
He's now the Detroit Lions with Dan Campbell and all those
guys, which is so cool to see all these Aggies.
I talked to Aaron Glenn, I don't
know, a couple of months ago. It's just wild.
Like, just how it all kind of came full circle.
But anyways, he's like, here's a list of colleges
where I know somebody to get you this internship.
First one was a Arkansas.
Picked up the phone.
Hi, coach Decker.
My name is Eric Coram.
I'm looking for an internship to graduate. Mike Clark.
Oh, Mike Clark. Yeah.
When do you want to start?
That was it. That was it. I moved up there.
I knew nobody.
Somebody from Campus Crusade was like, somebody's
renting a room in their basement.
And I just got in my car and moved to Arkansas, man.
So there's something really important with that, right know,
there's the saying, it's not what you know, it's
who you and yeah, as much as I hate
to admit, like, there's so much truth in that.
And the other thing that I think is
so important to take from that is it's.
Critical that people don't burn bridges.
Like relationships, even if they're not close, you cross
paths at some point with people again and again.
And the way that you treat people is so important.
I couldn't amend that even more.
And people you meet in college, if I could go
back and do it again, I probably would have been
a little more present in certain parts of my life.
But I was doing a lot of things,
and I grew up in a different way.
But, yeah, I agree with you.
I had an investor call yesterday, had a couple
really awesome ones, and then one where I was
just, like, getting just snarky big timed, and every
part of me was like, forget this guy.
But I was just kind and you never know.
You just don't know.
I literally went on a walk when it
was over with because I felt so belittled,
and I was like, don't burn a bridge.
Don't be a jerk.
Send him what he asked for, knowing it's not
going to go anywhere, but be the bigger person.
And you're right.
You don't want to burn in football.
When I was in that world forever, everybody
knows everybody, and it's a very small world,
and people are out to get each other.
But you treat people the right way, they're going
to pick up a phone and make a call.
You do the best you can, for sure.
So while you were at Arkansas, you're working
with the team, you're getting your masters.
You had decided that the medical route was definitely
not the right route for you at that point.
Was that the, hey, my trajectory is going
to be working with college and pro teams. Yeah.
So I was already working
with them through that internship.
And then I got a graduate assistantship working as
a strength conditioning coach, and they paid for grad
school while I was doing that, I don't know,
few months into it, first four or five.
So I'm learning on the go.
I also have an SEC softball
and soccer team and tennis team.
I'm responsible for training, so I'm
kind of learning on the go. Right.
A coach walks in with these track athletes and was
like, hey, do you want to train so and so
it was Veronica Campbell brown veronica is an eight time
Olympic medalist, three time Olympic gold medalist.
It was the golden era of sprints at Arkansas.
Tyson Gay, wallace Spearman, Veronica Campbell.
All these people were there.
Omar Brown so Veronica, I ended up
becoming a big part of her performance
team and traveled the world with her.
In 2005, I went five yes.
I went to the world championships, track and Field
Helsinki, Finland and that is where my view started
changing because I started to see how the rest
of the world was training their athletes.
And in the US.
We have a problem.
We have too many good athletes.
It's like if you're in Saudi arabia, and
you got all this oil underneath your feet.
Are you, like, looking for green energy?
No, you're just going to tap the floor, right?
In the US, we got the biggest genetic blend
and amazing population of athletes on the planet.
There's very few countries that can rival us.
Why is that a problem?
Well, because if somebody gets hurt, you
just throw in the next person.
We are not actively looking for ways to
maximize our talent and so, especially back then.
So I started traveling the world, and
I started hearing about this stuff, the
sport science and these institutes of sport.
And one of the coolest stories is Australia.
Massive landmass, small population.
I don't know if you've ever
been there, but it's enormous.
Beautiful country.
I believe it was 1978.
I believe that was the year in the Olympics, they
finished, like, 50 something in the world in medal count.
It was embarrassing.
And they were like, Enough's, enough.
We're going to do something about this.
We're tired of always losing.
So they instituted something called the
Australian Institute of Sport in Canberra.
That's where it started, which is their capital.
And they brought together physiologists coaches,
biomechanists, everything under one building.
And, like, we're going to do everything we can
to support these athletes and build them up.
And that's where some of these
massive technological innovations came from, like
the athlete tracking that I brought.
So anyways, they went from 50 something in medal count.
By the 2000 Olympic Games, they
were third in the world.
Great Britain did the same thing leading up to
the London Games, invested massive amounts of capital.
And if you think about this, like, Russia did this
early on during the Cold War because winning was political
warfare, china is doing the same thing right now.
They are investing an absurd amount
of money into their athletic programs,
and they're hiring American coaches.
They're bringing the best minds in the world
to China to help develop their athletes.
And then they have these very
sophisticated programs of finding youth athletes.
And they put it's some of it's very
sad how they're doing this, take them away
from their families and just training.
But I was like, okay, without the unsavoriness of
that, how can we bring this to the US?
And so that was my mission, is like, I
want to bring another level of sophistication to training
American athletes, but I figured out, like, we have
to do this through data, because my opinion versus,
well, this is how we've always done it.
I've been a coach for 25 years.
This is what we always done.
This is what we're going to do.
And I'm like, that is the dumbest answer to anything.
There was no sophistication and thought process.
It was just rinse and repeat.
As a matter of fact, if you look at all
the coaches that have come out from Nick Saban that
have been successful, there's very few as head coaches most
of them have been terrific failures because I've seen it.
One coach who was a head coach in
the SEC literally took Nick Saban's manual, changed
everything to the name of that school.
Comes in is like, this is the Nick Saban program.
This is what we're going to do.
And it didn't work for those people at that time.
So when you copy the model, you copy the errors.
Interesting.
Meanwhile, Nick Saban's iterating and moving forward,
they're stuck trying to repeat the same
thing at a different time, different place,
different athletes, different budget, different everything.
Nick is always changing and evolving and there's
certain principles that you can institute, same in
know you see it all the time.
Well, they try to take this and
put it, it just doesn't work.
And so I think that is what's kind of
helped set me up for this journey in business
is like, I saw this in athletics.
Like, okay, great, you did that over there.
That's awesome.
It's not going to work here.
And I've watched it and I've been part of turnarounds.
You've got to make it
situationally relevant real quick.
You would have played Alabama a few times
when you were in grad school at Arkansas.
What was it like being across the sideline from Saban?
Well, when I was at Mississippi State, I worked for
Sylvester Kroom, the first black head coach in the SEC.
One of the greatest men I've ever
been around in my entire life.
There's an ESPN documentary called Kroom.
You should watch it.
When you watch it, I'm in
the background in the locker room.
I'm standing next to Coach Kroom.
So he never got the job at Alabama.
Even though he was an all American.
They had an award named after him and
he played and coached under have not.
If he would have been a different skin color, he would
have been the head football coach at Alabama, bar none.
He would have been the head football coach.
He's a legend.
It's like a Dabo Sweeney wanted to
go to Alabama and there's an opening.
You'd probably get the job.
Croom was five X different.
As a matter of fact, woody McCorvey, who is Dabo's
receiver coach, was on our staff at Mississippi State.
So anyways, Kroom puts together an amazing staff.
Joe Judge, head football coach of the New York Giants.
Shane Beamer, head coach of
University of South Carolina.
Freddie Kitchen, former head coach of Browns.
Like, the roster is insane.
My friend who is player personnel director for
Nick Saban, jody Wright was my roommate.
My current friend is one of the
scouting directors of the New York Giants.
Like, it's crazy.
Everybody on the staff was like a who's who.
But we were all young and he
just found talent, brought it to this.
Mississippi State was a dump at that time.
There was no place to go to the
like, it was right after Jackie Cheryl.
He ends Shula's career by
beating alabama the next season.
Nick saban is the head coach at Alabama.
I'm getting chills right now.
We're in the locker room and he's like, kind
of choking up and crying a little bit.
He's like men today.
You're going to change I'm sorry.
This is so amazing.
You're going to change the way that people look
at this university by playing a football game.
And we went out and throttled Alabama and the
score wasn't we beat them, but it was like
we physically imposed our will on, you know, crewman.
Saban tried to hire him.
He was the SEC coach of the year.
The next year they fire him at Mississippi state. Yeah.
If that tells you anything about how things work.
What year would that have been?
2007 was the year that he was
SEC coach of the year 2008.
They fired him and they brought in Dan Mullen,
but I've been on the opposite sideline of him
and with the Texans, we practiced and played the
patriots I don't know how many times.
So you've had Saban and Belichick
in the mix in your life.
That sounds fun. Yeah.
They're both incredible know, they're very deep know, you
see Nick go off here and there, but he
really is most of the time very quiet.
As a matter of fact, they
keep everything calm over the headset.
There is no calamity, and everything is very strategic.
They do everything in a very specific way to put people
in a position where they can think and make decisions.
There's a lot to be said for that calm.
I tend to wear my heart on my sleeve.
And if you ask my team, does Scott get animated?
The answer would be an emphatic yes.
Mel's trying not to laugh over there in the corner.
And that's it's just if you're acting out of
your emotions all the time, that's your default mode.
That can be a problem.
But as the CEO of the company,
people need to feel your passion.
They need to feel your enthusiasm.
They also need to feel like, hey, when something isn't mean,
they also need to know that you got their back.
And so I would also say that can also be an asset.
Well, people definitely know when I'm excited and when I'm not,
so all right, so today you run a tech company.
Eric, are you a techie are you a technology person?
I like technology.
I can't write a lick of code.
I tried to learn Python. Yeah.
I would say technology is just an avenue to take an
idea to me and to bring it to scale quickly.
Nowadays with technology, you can proliferate something
quickly and you can have mass impact.
And so, yeah, I mean, when I was at
Florida State, the innovations I made were with technology.
I'm not a data scientist.
I think what I do is I look at the
macro level of how something could be used, and I'm
always trying to cut the baloney and get to, how
does somebody use this sophisticated thing in a way that's
going to move the needle for them? So.
Yeah, I'm a technologist.
And what year was it that you were at Florida
State and you brought the technology into the program?
2011. Okay.
This is pre Apple Watch.
I think that we had fitbit was probably
around jawbone was around for a little bit.
Jawbone and Fitbit were yeah, for sure.
And there were probably a couple of others at the time.
But this is pre Apple Watch, and I think
that this is the first time that the masses
are even remotely thinking about fitness technology.
Is that a fair statement?
Yeah, I mean, Fitbit was on the rise.
People were really interested
in tracking their movement.
It was a very unique concept.
They did lose a massive amount in market cap.
Their valuation went from about 10 billion to I believe
they exited for a little over two to Google.
And the reason for that is two things.
One, I heard their CEO say they never move past data.
People wanted to know what to do with
this, and they never answered that for them.
And then, number two, because the utility
was wearing off with like, great.
So I walked 8000 steps.
Apple shows up on the scene and says, we
can do that, and we can give you something
that's sleek, it's beautiful, and it has multi use.
So people are like, I'm pivoting.
So Google bought them for their data set.
And it's interesting.
The head of Fitbit for Google is on our advisory board.
He's a fellow M One er because he saw
that we're kind of that data intelligence layer.
We are the ones that
are making we're hardware agnostic.
We make it useful.
But, yeah, you saw this early rise in
the early to mid two thousand s.
And then Apple comes on the scene, and
Apple's like, whoa, now we got really cool
access to health data, to activity data.
We can measure your heart rate.
We can tell you if you have an arrhythmia.
Now it looks like continuous glucose monitoring
is on the horizon using optical sensors.
And a patent was just filed by Apple for a
ring, which would give them 24 hours HRV, which is
a measure of how your body's adapting to stress.
So they've got all these cool pieces of data
streams that are coming in from all these different
places that nobody's really focused on the recommendation layer.
And that's what we're focusing on.
You mentioned the ring, so real quick, I think
the last time we saw each other, we had
breakfast probably about this time last year.
And I'm pretty sure you had an aura
ring, an Apple Watch, and a whoop all
going, are you still rocking multiple?
I am.
I mean, if it was up to me, I wouldn't do that.
But I'm doing it so I can test your
small team and we're actually about to implement Aura
Garmin, whoop Samsung looks hopefully next month.
So we're testing all of these things right now, and you
have to make sure that the data is coming in in
a certain way that you can then use it.
And also, I'm really interested in their user
interface, how they're showing people the data.
Why is it that some of these
companies are billion dollar companies and they
really haven't moved from insight to actionable
recommendations and there's learnings there.
And so I wouldn't call Aura a competitor.
They're more of an enabler.
They could be in that competitive realm, I'd
say, whoop may consider themselves we're nobody to
them right now, but they're very insular ecosystem.
But most, they're just enablers, like Apple Watch.
They build these technologies so you
can build solutions with them. Right.
Well, I think you touched
on something that's really important.
And as the head of a company, you need to
drink your own champagne, as we say here at right.
So we say, Eat your dog food.
Champagne sounds way better than dog food. Yeah.
So knowing what your customers are experiencing from, hey, I'm
syncing Aim Seven to Aura for the first time.
What is that experience like for the customer?
You need to experience that for yourself and
sounds like you all are doing that.
Yeah, you got to have a really good product manager.
I was doing a lot of that myself.
And then as Aim Seven has expanded, I have
an excellent product manager who's actually a former professional
golfer, and he was actually coaching my dad.
And my dad's like, hey, this guy Charlie Super
Sharp, went to William Mary, which is funny.
That was like, my last job in sports.
That's a whole nother story.
But he's like, this guy wants to be a product manager.
He's like, you want to talk to him.
So he has no experience, but he's an excellent
coach, like, amazing coach, and he's super smart.
So he started doing all this stuff with AWS
and started kind of building those skill sets as
he was transitioning from professional golf to this.
And I was like, hey, here's a project.
And he killed it, and he gave him another one, and
he crushed it and another one, and he crushed it.
And he had this intuition about user experience and
teaching somebody through this medium, and his intuition is
really strong, and he can iterate really fast and
come up with designs and another athlete.
And I'll tell you something, budy.
The other day, we're going over, I'm like, hey,
listen, you have to get the minimal viable product
of the feature that we want to test before
we can go build the great, beautiful thing.
We got to get the people are
saying this, let's go test it out.
And there was this point of friction
because the UI is good people.
It's easy to navigate, but we have a vision
of where we want to go with this.
But right now it's just getting it out there
and getting people's hands and making an impact.
I could tell it was frustrating.
He's like, I just wanted to be
like this perfect thing as an athlete.
I got to have I'm like, bro some
of the best products in the world. Okay. I tested.
Look at chat GPT.
I'm using this right now.
Pulled it up on my screen.
I was like, they don't even have a search function.
I can't even expand the side part.
You know, wherever your prompts are, basic stuff
they're not doing, why the magic is in
the box over to the right.
And I was like, although those things drive me crazy, and
I have no idea why they haven't done that yet.
You can't get a hold of customer support.
They're worth, I don't know, 40, $50 billion.
And to them, that's probably the MVP. Yeah.
With that in particular, we're having a lot of conversations
around the office about Chat GBT, as you should.
But somebody had a great analogy
in the last week or so.
They said, this is like the Internet in 1992.
A lot of people you told them about it were
like, okay, what's that going to be good for?
And I don't think that people are looking at Chat
GPT saying, what's that going to be good for?
I think that people just don't know what to do with it.
Much like in 1992, we couldn't envision taking our
smartphone and unlocking our door or changing our thermostat
or talking to the delivery person on our ring
camera from halfway around the world.
I think that two years from now, five years
from now, we're going to see the revolution like
we did in the early days of the Internet.
I think people are speeding up the
applications because we're more tech forward now.
The average person doesn't understand yet.
But for companies that are forward
thinking, it's not just Chat GPT.
These are large language models as
you understand what's sitting underneath it.
And there are things I'll tell
you, Scott, I don't care.
I'll share this here.
When I first had my vision for Aim
Seven, mark Hadar is on our board.
He is the CEO, co founder of Dialectsa big company
in Dallas that just had a big exit to IBM,
one of the best dev houses in the world.
He owns a company called Venley.
And he and I were in this
group called the Presidential Leadership Scholars.
It was an amazing experience.
And through that, I told him I was doing name seven.
He's like, make a journey map. I'm like, what is that?
He's like, Go figure it out.
So I come back and I made
this journey map, and I have it.
I could show it to you.
I was like, the ultimate vision of what this is,
is you come to a computer screen with a blank
interface, and it's like, how can we help you?
On your health and wellness journey, and you just
tell it what you want it to do, and
it starts building this structure out for you.
And I showed this to
somebody recently, like, Holy crap. And he looked at it.
He was like, yeah, this is
great, but this doesn't exist.
Well, the potential for it does now.
And so those large language models can't
do what we're asking them to do.
Like, if you ask Chappie GPT to make
you, it'll give you the tenants of a
nutrition program, but there's no nuance.
Go get me an exercise.
It's whatever the Internet has.
And so it could get really hurt if you followed it.
But the ability to interact like this, if you
build on top of it and you train the
model with your IP, that can get really interesting.
So let's dive a little bit more into aim seven.
So you've taken all these learnings, you've seen
what the data can do, and now you
have this idea to take that further.
And maybe what was that moment that you
were like, boom, this is the idea?
I got to run with this? Yeah.
When we wanted to see if we could predict
somebody's energy level, and we used some unique machine
learning methodologies, and we beta tested, it was just,
like, had 20 people logging data.
And we ran these models, and we could predict their
energy and mood state, and we had very clearly defined
rules that led to outcomes, and we had it externally
validated, and we're like, Crap, this is real.
And then I showed it to Mark, and
Mark's like, Dude, this is really interesting.
Now, when you developed that, were you still coaching?
Had you actually filed and started the company yet,
or was this, like, just a little, hey, I'm
going to just it was an idea.
It had the worst name ever.
What was the first name? Optum.
I don't think that's wasn't I guess it was just Cheesy.
I don't think it's bad at all.
Yeah, a budy of mine, we were working on
it together, and that's when I was like, okay.
I brought it to Mark.
And Mark was like, you got something here.
You need to go build this thing.
And I'm like, oh, gosh.
And he wrote me a check.
I was like, I want to be on your board.
And he was the first person that believed in me.
I look back on what I didn't know
just two and a half years ago.
I didn't know anything.
Like, nothing.
And what I thought I knew, I didn't know.
I'd never built a product like that.
I'd never started gone from zero to one.
I'd gone from one to two. Right?
But I never really started with a blank slate.
And so I started reading books like Lean Startup Methodology
and just tried to do it the best I could.
I had some people that were trying to help me, but one
of the hard things was I didn't have a full time team,
and it was very lonely, and I didn't have elite talent.
Engineering talent was bad, and that
led to a lot of problems.
And real quick, just from
a timeline standpoint, it's 2023.
You said you started this two and a half
years ago, so we're middle of 2020 pandemic.
I'm testing it in 2020.
November of 2020, I moved back to
Houston, so I was in Virginia.
Complete lockdown.
Like, complete lockdown.
You can't go anywhere.
I come back to Texas, people were like, you're
trying to start a company, get it off the
ground in the middle of a worldwide pandemic, and
you can't even leave your house.
And, oh, by the way, after the first few
months of the pandemic, all the tech companies saw
the need to build and improve things, to do
deliveries and offer more cloud services.
All the developers were hired by Google and Amazon and
Facebook and Apple, and you can't pry them away.
So you had a lot of tenacity to pursue this. Yeah.
Or stupidity.
I don't like, I didn't really know what I didn't know.
I didn't know what I didn't know.
It was a world I hadn't played in yet.
And I had a co founder. That's a whole nother story.
We're still really good friends.
It was just some market things anyways.
I didn't have those engineers, and it's like
trying to play football without a good quarterback.
It doesn't matter how good your team is.
You're not going anywhere.
And, man, there was a year and a
half there of intense frustration on my end.
And is this your full time job at that time?
Yeah, I'm not making anything.
I mean, I think I paid myself
40 grand for, like, 18 months.
Yeah, I was living off my savings.
I had a certain amount of money
I was just not going to touch. Right.
This is like, my fail safe money right here.
My wife believed in it.
And what it originally started as is
not what it is right now.
It's not even really close.
It is, but it's not.
I didn't know how to go out and pitch.
I didn't know how to create this story
arc that these investors wanted to see.
I had family and friends giving me money because they
believed that I was going to just figure this out.
And it didn't raise a ton of money.
And then did an MVP.
It was a text messaging service, and
it was like, we're sucking in data.
And I was literally daily texting people what to do.
Like you're reading the report.
And in the morning, Eric's sitting
down in hours every morning.
It was on a web based interface,
and people were getting really good results.
Real quick, what would your product
manager have said about that?
That's the right thing to do. Okay.
I mean, when it's an MVP, it's got to be non
scalable and you got to just see if the thing works.
And there's a guy who was founder of Anthos Capital.
His name is F Martin.
And his daughter Julia was helping me.
She was on our team.
She actually was helping full time, but
she didn't really have a technical background.
But she was a hustler, like just worked really hard.
And F had Mean, he helped bring
Microsoft, Apple and some microsystems public and
he was one of the MVP testers.
And he was like, Eric, if you can bottle this
up into an app, you've got lightning in a bottle.
I was like, okay, we've got something here.
Then it was, let's package this up into an app.
Well, I thought know, people said they wanted to
sleep better, they wanted to have more energy.
They wanted this, this, and this.
So I'm just going to give
them the recommendations to get there.
Well, that didn't work.
We found that there was like first of
all, the tech wasn't working right because I
had a back end engineer that wasn't good.
He had over engineered the solution to another level.
And I'll tell you that story, that story
a little bit later, but my assumption was
people said this is what they want.
But I found that there was this feature in
the app that kept hitting called Exercise recommendation.
Like, tell me how hard and how long I should go today.
And the people that did that started getting results and there
was no score, there was no none of this stuff.
And so I'm like, okay, these are the
things that are creating value for people.
If I want to get them to here,
I've got to create some immediate value.
And what we really kind of we did this alpha test.
We had about 200 and 5300 people in the app.
And I think you were at the early part of that.
And we had this attrition dropping off,
dropping off, dropping off, dropping off.
And then we started changing things. And guess what?
People started sticking and it just started going
up and up and up and up.
And I'm talking to these people, I
don't know, every week, hours every week.
And they're like, hey, if you would do this, if
you do this well, why are you sticking around?
Well, this thing is making an impact.
Well, this thing is okay, we're getting
the signal and the noise, right?
So in May of 2021, 2022, we stop on that and
we get ready to build this beta product and we reengineered
this thing and it is just flat out not working.
I go and get a front engineer who
came from I was recommended by the Buyers
Institute at Stanford, and he is a stud.
Crushing it on the front end.
He's built multiple top 100 apps in the App Store.
Back end is not working.
I raised a good amount of capital,
had some really big investors hop in.
They saw the.
Version that we were building at the time,
and they're like, this is actually really good
for the little dollars that you have had.
And we got an injection of capital.
And I had somebody come in and look at the back end.
They're like, this is the most beautifully
written code, but it doesn't work now.
The market's changing, right?
So like you said, these engineers
are starting to become available.
And I go NAB.
A guy who used to be at vinly.
He believes in this.
Takes a look at it, comes
on board, starts solving some problems.
Long story short, we had a pivotal moment.
Our front engineer, we had an injection of
capital, and we're like, we got to rebuild
the rules, logic, and where it's coming from.
He stepped up the plate and
did it himself in six weeks. Wow.
I didn't even know this was possible.
Latency is, like, zero.
It's moving lightning fast.
And we're like, holy cow.
We start getting this into people's hands, they're paying for it,
and now it's doing what we want it to do.
So what we do is here's the big thesis, right?
If you want to address the most common preventable
lifestyle diseases in America cardiovascular disease, diabetes, and obesity
that are causing we're spending four and a half
trillion dollars a year on in the US.
Like, over half of these cases are preventable.
You have to change fundamental behaviors, okay?
And even bigger than that, our goal is, like,
stress is rampant, but stress is not the problem.
It's our inability to adapt to stress.
That is what causes mental
and physical health problems.
Acute stress is the gateway to growth.
If you want to get physically
fit, you need to go exercise.
That's a stressor on the body.
If you want to learn a new skill
so that your brain can change, you have
to go deliberately engage in learning.
Going back to the athlete stuff, the best
athletes in the world are highly adaptable.
So we're like, how can we improve
somebody's capacity to adapt to physical and
psychological stress so they can thrive?
So what we're teaching people is how
to build something called adaptive capacity.
And there are five pillars sleep,
exercise, mental fitness, nutrition, and living
in community or fostering healthy relationships.
So we're an inch deep or an inch wild a mile
deep on three of them exercise, sleep, and mental fitness.
So the aim seven app will tell you exactly
how hard, how long to exercise each day, and
actually the type of exercise that you should do.
That's a unique technology that we actually
built in 2015 when I was at
Kentucky that is delivering tremendous results.
It rapidly improves fitness.
If you follow the fluid recommendations, you
will see a significant increase in fitness,
and it dramatically reduces injuries and burnout.
Now, we've gotten to the point from the
mental fitness side is we can assess your
psychological state, and we will push you an
intervention based off of where you're at.
So if you're stressed, we'll send you
the precise breath work tool to use.
If your mood is down, we
send you a gratitude intervention.
People are all over that.
That's been a really surprising thing to me.
And then we give you sleep recommendations, but then
what we do is so you get these acute
things, but after a week, we do just like
we would do with an elite athlete.
We go through all your data and we're like, here's the
one area you need to focus on that's going to lead
to the biggest change in your physical and mental health.
And then we create a unique
small little goal around that.
And then we have these different levels.
Level one, two, three. We move people up.
So we've gamified it.
We've turned it into this
long term behavior change app.
And it's working.
It is working.
People are getting the results that they wanted.
But where we started off and where
we are now are two different places.
But then this is the unlock.
So that alone right there, a consumer application.
Let's say it's worth you could build it
to a 500 million dollar company, right?
What we found was that we're building algorithms and
models that we can license to other people.
So you've ever heard of, like, F 45?
So one of the guys that owns a bunch of these
studios was like, hey, Eric, we have a burnout problem.
Like, well, no crap.
Like, you take people off the street,
you throw them in orange theory, whatever.
Not bad workouts.
It's just like, if you're not prepared,
people are going to get burnout.
Or if you're always going as hard as you
can every day, that's a recipe for disaster.
So we built the feature and
tested it, and it was working.
We were regulating their training sessions every day
based off of how their body was adapting.
Well, then we found the real problem.
I'm like, what's your conversion rate like?
It's like, well, if we can get people to
three workouts to do three workouts in their seven
day free trial, we convert 80% of people.
I'm like, well, great.
What's your real problem?
I mean, what's your real conversion rate?
They're like, 20%.
Okay, so using knowledge that we have from the
app, we built a methodology where somebody signs up
for a class, they get a quick text message,
they fill out a quick survey.
We stratify them into risk categories, and then we
pipe the coaches like, hey, Scott's, first day.
He's moderately high risk for this.
Here's exactly how hard he should go today.
These are the exercises that need
to change in his circuit.
And over five months, we improved
their conversion rate by 50%.
Consistently, it's about $125,000 of new revenue per
location, and there's 1700 of these worldwide.
So we got approved as an international vendor by F
45 and MINDBODY and the platform solutions rolling out.
So we've had multiple companies now reaching out
going, hey, we want some of that too.
So we have B to C, then we have B
to B with a long term vision on enterprise payers.
So if we can demonstrate with large enough data sets
that we can help take somebody that's not hitting the
government standards for exercise and they can hit those and
stay there, and they can maybe go from I'm only
sleeping 6 hours a night to 7 hours a night.
You do those two things, you
lower all cause mortality by 60%.
What happens to work productivity?
Your insurance premiums come down.
What company would not give this to their employees?
And so that's where our long term
vision frame seven is like payers.
Who wouldn't want to get a cut
off their insurance premium by trading? You've got?
You would go to the Blue Cross Blue
Shields of the World or UnitedHealthcare Kaiser.
That's the goal.
If we have a model of 5000 people, we
have a model for one standard deviation of the
US population that's strong enough, with great enough accuracy.
That's why we have I just brought in our new
CEO is the head of data and machine learning for
the largest performance company in the world, exos 4000 employees.
He just came in as our, he was the
VP, stood up all Digital Products, ML, Data Science.
He's just come in and starts Monday as our COO.
We just pulled off somebody that ran international partnerships
for Gym Pass because all of a sudden they're
looking at this like nobody's playing in this space.
So we're the recommendation layer.
And like I said before, 125,000,000 Americans have
a wearable and they're getting cheaper and they're
proliferating 60% of American households have these now.
So we're like, we're going to use the app as
a place where we will deliver tremendous value for folks.
And we'll build models.
We do not sell your data.
Your data is yours.
We intensely believe in data privacy, but we
will build models that we can then use.
Does that make sense?
And then we'll go sit behind I mean, there's
some companies, there are like $30 billion companies that
have reached out to us about like, hey, would
you help us with this problem?
And we're like, yes.
So real quick on the data and not selling it
is the idea that you anonymize and aggregate the data?
Oh yeah, you have to do that, right?
So there's in the system you're
like a long string of characters.
And that's another reason why I brought in Dr.
Gerald Jackson.
Our new COO is be.
We want to have the highest standards in that area.
So really try to get to GDPR here in the US and
make sure that we have all of our ducks in a row.
Because one of our core values is stewardship.
And we believe that if you're going to come into our
system that we should be a great steward of your data.
So we're not going to sell it.
I'm not doing that.
One of our core values
is responsible stewardship as well.
So that's cool.
Oh, there you go.
Financially and then with data.
So I want to go back to
kind of you starting the company.
You had all this knowledge about fitness.
You had this knowledge about how to use technology to
improve the fitness, but I think it's safe to say
you hadn't really worked in a business environment before.
Is that a fair statement?
I mean, outside of being in high school and yeah,
I'd never been in the corporate world as a profession.
No, I got to imagine that working
with professional sports teams, I mean, you're
not in the back office, right.
You're working with the team, you interface, but no.
Yeah.
So you're taking knowledge that you have about
one area, but you've got to figure out
how to turn that into a product.
And, oh, by the way, how do I run a business?
What was that like for you outside of the know?
It's not like we have millions in revenue
right now and all that kind of stuff.
So it's scaling slowly and at a pace. That's measurable.
Right.
And it's like, it's okay, I need a person for this.
I bring them in. I got a person for this.
And Gerald's coming in to run.
Like we've hit a point where it's like, I
need somebody for okay, so Gerald's got that.
I got a front end and a back.
I look at it like a sports team.
What players do I need on the field?
And we have all these terms in football.
There's certain positions, like quarterback.
You got to have a great quarterback. You're not winning.
There are other positions.
We have somebody like we call them glue guys.
Maybe they're not the most elite at their
skill, but maybe they have other things that
are going to gel the organization.
So, like, okay, I've got a great front end engineer.
I have a great back end engineer now. Check.
I have a good product manager.
He's up and coming.
Did he go build whatever famous consumer app?
No, but he has the aptitude.
He's a great team player, and he works his butt off.
Great. Check.
I need somebody for operations that
can sit across these three things.
I went out and recruited that guy, right.
Brought him into the organization.
So now I got a quarterback over here.
I got a good running back.
I got a good center.
My right guard is a glue guy, but he's getting better.
It's like a three year I'd look at it like that.
My job is morphing more into what I want
it to be, which is putting the players on
the field and letting them do their jobs and
making sure that we are very strategic.
There are things in football that carry over.
Do we have core values?
Do we have guiding principles.
The weekly sprints, that's football.
Every week you're playing a game.
As a matter of fact, I think I'm a
little bit harder on myself and the team than
other people would be, because I'm always thinking, like,
every week is like game day.
I've instituted some things like EOS to
help us with our one year vision.
Our three year when I learned,
OKRs, that was a big unlock.
We've gotten a lot better
at that, at grading ourselves.
So a lot of these things I feel like
I naturally had the capability for and were honed
by watching elite organizations and bad organizations.
Great teams were always in complete alignment.
I've had to let people go already.
At aim seven, I've learned to trust my gut.
As soon as I get that feeling it's
over with, we're going to cut it off.
I'm trying to be even more thoughtful in
the like, there's people that we've kind of,
like, started a dating relationship movie, and I'm
like, no, this isn't working out.
Do they exhibit our core values?
Do they act those out in their behaviors?
Are they a team player?
Do they see the vision?
Are they going to push this thing to the next level?
Do they care about their family?
We're dispersed, which is really hard.
We're asynchronous, and we're raising another
round of capital right now.
Soft Tech just let us off with a nice investment
to have a $40 million fund here in Houston.
So that's great.
Once we finish that round, I'm going to get the
whole team together here in Houston, and then we're going
to make sure it's quarterly that we're getting together.
And then maybe I need to make a
flight out to Irvine and meet with Jerrold,
like, every month or every six weeks.
But those things you've got to just navigate around.
We're in a new world.
As far as the opportunity to
acquire talent and being dispersed.
Did you have a mentor or mentors that kind
of walked alongside you and kind of guided you
and, maybe kind of tangential to that,
as you were starting the business, did you know what
questions to ask about running the business and starting?
Not really. I did.
Like anything else, I'm a
person that goes straight immersion.
I listened to every podcast, got every book.
I think I listened to thousands of hours of podcasts.
It's a great way to learn every time I was exercising.
When I hear music for certain podcasts, it brings
me back to a certain part of my journey.
20 BC was really helpful for me
to understand the venture capital landscape.
I would listen to product
podcasts, growth, podcasts, sales podcasts.
I would try to go look at people that
started small businesses, people that have scaled big.
I now have strategic mentors in different parts of
my life that have actually invested in the company.
Like one guy, Brent Smollick.
He's on the board of Marathon Oil.
He's run billion dollar companies.
He's an investor.
And when we sat down, he's like,
listen, Erik, I've never done a startup. It's different.
I've run billion dollar organizations,
but this is different.
However, he made a really good point to me.
We're talking about goals because
it was right around December.
I'm like, making the year.
He's like, Listen, if the goal is ten,
eight plus a story does not equal success.
I was like, you damn right.
I was like, Amen to that.
Because in football, you either have
a trophy or you don't.
You either have the ring.
There's no like, oh, well, we played.
No, you won or you lost.
And I've had to get very clear with
people, we either win or we lose.
We either help this person or
we don't help this person.
And when we make strategic goals, we use OKR, so
it's a stretch objective, but when I go back to
the board, I gave them a board, some stuff, and
they're like, no, go back, go back.
That's not realistic. Go back.
They've been helpful to me, but then they've also
a couple of times I've been chewed out, rightfully
so, because there's a fiduciary responsibility there.
Not that I was doing anything that was irresponsible.
It's just like, I didn't know what I didn't know.
And so making mistakes is okay, you have to
memorialize those and you have to learn from them.
So something our team is doing now, which you may
like, scott, I don't know if you do this or
not, but I'm standing up a notion document and on
every Friday, everybody has to write down something that they've
learned and they're going to share it with the organization.
So we memorialize our learnings because
there's something called information operations.
It's a military term, but if information gets stuck
at any level, it's the death of an organization.
So you want to make sure those things are being shared.
And so, like, as my engineers are
learning something or Charlie's learning something or
Andrea is learning something about communications, how
can everybody else learn alongside them?
And so I want our organization
to learn faster, to be way.
Like we're teaching people how to be adaptable.
We got to be adaptable.
That includes me as the leader.
So, yeah, there's a lot of things I didn't know.
And thank God, people, as humbly as I can say
this, they just invested in the thought that Eric's going
to figure this out, and hopefully we do.
Every night when I go to bed almost every night,
I am thinking of the people that wrote checks.
It's a heavy burden, but it's a healthy
thing too, to keep you in check.
Yeah, like, I don't spend on stupid stuff.
They know that I took a hit personally, financially.
I mean, I'm still not making a lot of money.
Doesn't matter, right?
We're okay, we're living and our kids
are fine, you know what I'm saying?
But I told my wife before this year,
sometimes you have a gut feeling about something.
And I was like, we are
about to hit an inflection point.
It's coming and it's starting to do this.
And it's like, you're just like, oh, baby,
we just got to keep stay with it.
And then when the stories come in and then people
are like, hey, I talked to somebody this morning.
It's like, hey, we have an
organization of 2 million people.
We have a massive email list.
It's a veterans organization.
We think your product could really be helpful for them.
Would you like to, like, yes.
You know, those things start popping up because people have
used it and they're like, oh, I see the value.
This could really be helpful for our mental health.
Of course it could be.
Or the physical know, whatever.
So you just got to be prepared for it, though.
One thing Dennis Francioni always said, which I
will always remember, he said, prepare for your
opportunity, lest your opportunity embarrass you.
I thought it was brilliant and he said it in
his little Fran voice, but it stuck with me.
Like, I'm about to go on the road here.
We're about to do demo days
in Dallas, Austin and Houston.
There's going to be tons of investors there for this
soft tech venture studio I'm part of every day.
I'm doing my pitch, I'm doing visualization,
I'm training for when something goes wrong.
And I'm preparing for that opportunity to go up there
and crush it and to show people like, we got
a great team, we got a great product.
If you're going to put your
money somewhere, please put it here.
That's awesome, man. Thanks.
So two and a half years in what's
been the biggest surprise, how hard this is.
I mean, it is really hard.
It's harder than anything I've ever done because
when I was in football, it's like, you
start with a budget, there is nothing, zero.
And it cost a lot of money to build technology.
And if you don't have the
skill set, those people are expensive.
I think you kind of be a little bit
naive and you think, well, if I have this
thing, people are going to want it.
That's the worst way to go about it.
Find out what they want and then give them that thing.
And it's going to take a lot of iterations.
It's not just you're not going to turn on
this marketing funnel and it's going to work.
You got to do a lot of data analysis.
You got to be very introspective
on where your weaknesses is.
You got to continually do a SWOT analysis.
It's just hard.
It's just freaking hard.
But I see them.
I learned this blue ocean concept a couple of years
ago and I was like, that's the blue ocean.
We're swimming towards this recommendations world that
doesn't people are going to go there,
but nobody's swimming there right now.
That I know of, maybe.
I think there's one company that I can point
to that's like, they're going after the same thing.
So I think it's safe to say that the company you
are today is not the company you started out to be.
That's that adaptability.
On a personal note, when you came to the conclusion in
your own mind that this was what you wanted to do,
what was that first conversation like with your wife?
Hey, honey, here's what I want to do.
I was testing it all along, and
she's learned to deal with ambiguity.
She honestly was just like, if you believe
this is what we're supposed to do.
And I just prayed about it, and I felt
like it was what we were supposed to do.
And she jumped in both feet.
Doesn't mean it wasn't scary.
There was one point we had $9,000 left in the
Aim Seven bank account, and I thought it was over.
And then we had somebody come in, a
former NFL head coach, wrote a check for
$200,000, and then it just started going up.
And it's hard.
It's really hard.
Now we're generating revenue, but I'm like,
all right, we have these objectives.
We got to hit these points.
And you can't be just so objective oriented.
You have to be production oriented too.
It's great to have these objectives, but
if you aren't shipping, nothing's happening.
So we ship really fast, which is kind of cool.
If someone were starting a business today, what
one piece of advice would you give them?
Go get a co founder. Interesting.
I would say get a co founder.
It has been a very difficult road for me
because I didn't have a CTO to start.
If I would have had a CTO that was highly skilled
with the skill, I think we would be much further ahead.
Now I have all those pieces in place.
It just took a lot longer.
I would definitely have a co founder.
Unless it's a knowledge based company where you are
the expert and it's like a lifestyle business where
you can produce something, then that's totally different.
But if you want to build something
at scale, you need a co founder.
Well, for people who want to learn more about Aim
Seven, what's the best way for them to do that? Yeah.
Aim seven.
Aim Seven.
Email me, Eric, at aim Seven, I
have a podcast, too, called The Blueprint.
It's kind of our marketing ideas.
Like, I want to go serve people that
are busy and time poor, so we deliver
cutting edge science, leadership, and life skills.
Need these, like, 1015 minutes shows.
So that's been a blast because I've
been able to this show grown.
We've grown significantly.
I think we're in the top 2% of all podcasts now.
I get to go out and curate some of the
best in the world and bring them on the show
and pick their brains and then try to bring that
to other folks and it's been a lot of fun.
So, yeah, I'm on LinkedIn and all that kind
of stuff, but if I can be of service
to you in any way, please reach out.
I would just say, Scott, it's really cool to see what
you've done as a husband, as a father, as a business
leader, like, all these things I didn't really know, you know,
you know, you in college, I didn't know your Aspiration and
your dreams and your vision for your life.
But it's really cool to see that you and
Ellyse are still how many years of marriage? 20?
19.
19.
That's real commitment.
And then when you kind of told me you were going
out, I was like, you're going to make it work.
And you have.
And it's really cool to be here to watch this journey.
And I don't know if I can ever help you in
any way, but if I can, I'm here to help.
Well, I appreciate that.
And man, watching what you've done,
I'm so stinking proud of you.
I think about the people that we were
20 years ago and what's happened since.
Man, you've done awesome. Well, thank you.
And I'm excited for you guys real quick.
You're also very active on Instagram, and
not only are you posting frequently, but
you've always got some really great tip.
And in fact, it was as you were really
building up your presence on Instagram that I reached
out and that's kind of how we reconnect.
I'm like, what are you doing?
So check them out on Instagram.
What's your handle out there?
It's at Erik Korem.
I've started doing author for Ink too.
So I do Erik Korem on everything.
Twitter, LinkedIn, I really, really appreciate that.
It's my way of just serving.
And I will say one thing.
One of the things I did early, which I think is helping
now, is I started to build an audience and I did that.
I didn't really offer anything.
It was just like knowledge and help the best I could.
And I would say if you're in business, if it's B
to B, go build stuff for free and serve people.
If it's B to C, go serve them and develop
that know, like and trust factor where they can come
to you as a trusted resource so that when you
have the thing, you can offer it to them.
And I don't think there's anything
manipulative about that, that's marketing.
But I think if you do it with a
genuine heart, like, man, lives have been impact.
It's crazy because of social media, like, people
will reach out and they'll share everything and
it's a really cool place to be.
So, yeah, at Erik Korem on all the different platforms.
That was my friend Erik Korem,
founder and CEO of Aim7.
To learn more about connecting your wearable data for
feeling and performing at your best, visit Aim7.com.
That's Aim, the number seven, dot com.
Also be sure to check out Erik's
podcast, The Blueprint, where he talks about
physical and mental health with industry experts.
One more plug for my friend.
He's definitely worth following on Instagram, where
you can get more insights on your
health in short, easy to digest posts.
His instagram handle is simply Erik Korem.
Note that it's Erik with a K.
If you or a founder you know would like
to be a guest on In the Thick of
It, email us at intro@founderstory.us.
