In this episode, Dejan Nenov, founder of Panaton, delves into the remarkable journey of growing a custom software company to a $40 million enterprise with 800 employees. Starting in 2006 in the US, and rooted in a European company founded in 1992, Panaton exemplifies innovation and resilience. Nenov's approach to business, emphasizing trust, longevity, and the value of friendships, underpins the company's success. His foray into the venture investment space and the founding of Luventix, a startup in the medical diagnostic field, further illustrates his dynamic approach to entrepreneurship. With a focus on AI and machine learning, Luventix aims to revolutionize medical testing, demonstrating Nenov's commitment to making a meaningful impact beyond the software industry.
00:00 Intro
00:08 Company Stats
01:19 The Silicon Valley Dance
01:58 Persistence and Learning from Failure
03:31 The Value of Mentorship
05:40 Innovating Healthcare with Luventix
08:21 How to Connect with Luventix
Nenov highlights the importance of trust, long-term partnerships, and the original team's involvement in driving Panaton's success over decades.
Discussing his venture into startup investments, Nenov shares insights on balancing wins and losses and the excitement of discovering new ventures.
Nenov details the innovative approach of Luventix in developing medical diagnostic tests using urine samples, aiming to revolutionize healthcare accessibility and affordability.
He emphasizes disciplined goal-setting, regular evaluations, and the readiness to decisively end projects that don't meet objectives.
Reflecting on the transformative power of mentorship, Nenov shares how a mentor's advice to experience sales reshaped his business perspective.
