4:09 - Obstacles to innovation in corporates
10:53 - Starting a startup in your 40s
17:00 - Learning to endure pain
19:40 - Financial planning for your startup
27:36 - What if your startup fails?
Danny Chatziprodromou is the founder and CEO of REOR20, a company developing the next generation of models providing highly accurate flood hazard information at a significantly lower cost. He holds a PhD in Computational Fluid Dynamics and Mechanical Engineering from ETH. He worked for companies like Swiss Re and SAM Sustainable Asset Management before starting REOR20 in 2017.
The model Danny’s team developed is 100 000 times faster than traditional models, and his realization that the typical models were that simplified was precisely what motivated him to look into the issue. He also claims that his long and uneventful stay in corporate gave him the arrogance needed to believe he could build a business by himself. Reality, as it turns out, was more challenging, but REOR20 managed to be successful regardless.
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