Open Equity With Thomas Cornwall
Vadim Fedotov, CEO of Bioniq, the leading personalised health supplement brand, learned brutal scaling lessons as Groupon Eastern Europe CEO in the fastest-growing company in history, then applied those insights to build a successful health company that caught Cristiano Ronaldo's attention. We’re diving into how Bioniq went from founder-led hustle to systematic scaling across 73 countries and why Vadim nearly quit multiple times before breakthrough partnerships transformed the business into the global success it is today. Do you want to scale? We’re looking for more great companies to invest in and help grow: https://www.openequity.co.uk [https://www.openequity.co.uk] Join the Open Equity newsletter for weekly insights: https://www.openequity.co.uk/newsletter [https://www.openequity.co.uk/newsletter] 00:00 Introduction 01:20 Joining Groupon at its peak and the Rocket Internet playbook 04:57 Cold calls, sales culture and the IPO rollercoaster 09:01 What intense urgency actually looked like in practice 13:52 The doctor visit that broke his faith in traditional medicine 15:41 Discovering a performance protocol used by Olympic athletes 17:41 Buying the IP and starting Bioniq from scratch 19:23 Going all-in on the Bioniq brand 21:22 Hustling to 1,000 customers without a website 23:34 Why early partnerships mattered more than marketing 25:40 Realising a hustle-only model wouldn’t scale 27:14 Cracking different countries’ go-to-market strategies 28:28 Raising the first funding round with pure conviction 31:46 Almost walking away to take a big corporate job 35:22 How Cristiano Ronaldo became a surprise customer 37:06 Turning Ronaldo from user to investor 38:56 5-10x growth and the risk of over-partnering 40:29 Wasting time chasing logos and too many verticals 43:08 Returning to simplicity with two core products 45:41 Future plans: acquisitions and a Bioniq-powered clinic → Follow Thomas & Open Equity LinkedIn: https://www.linkedin.com/in/thomascornwall/ [https://www.linkedin.com/in/thomascornwall/] Instagram: https://www.instagram.com/open.equity/ [https://www.instagram.com/open.equity/] TikTok: https://www.tiktok.com/@open.equity [https://www.tiktok.com/@open.equity] Website: https://www.openequity.co.uk/ [https://www.openequity.co.uk/] → Follow Vadim LinkedIn: https://www.linkedin.com/in/vfedotov15/ [https://www.linkedin.com/in/vfedotov15/] Instagram: https://www.instagram.com/vadim_bioniq/?hl=en [https://www.instagram.com/vadim_bioniq/?hl=en] Website: https://www.bioniq.com/ [https://www.bioniq.com/]
15 episodios
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