# S1E02 $1k to $25M in 12 years | Dan Kasprzyk

- Show: [Being an Engineer](https://hardwarepodcasts.com/podcast/being-an-engineer)
- Published: 2020-04-29
- Length: 35m
- Episode: 2
- Page: https://hardwarepodcasts.com/podcast/being-an-engineer/2020-04-29-s1e02-1k-to-25m-in-12-years-dan-kasprzyk

## Summary

Dan Kasprzyk, CEO of Poba Medical and Symple Surgical and board member of Machine Solutions, recounts his journey from a bioengineering student at ASU to building Machine Solutions from $1,000 to $25 million in revenue over 12 years. He explains how his team developed a specialized crimping technology for balloon catheters, successfully selling to major medical device companies like Medtronic, Boston Scientific, and Johnson & Johnson by solving a critical manufacturing pain point that large internal teams could not address. Kasprzyk details the strategic decision to focus on this specific product-led growth, which allowed the company to scale to 100 employees and eventually attract private equity interest, leading to his current ventures in microwave ablation and testing equipment.

## Chapters

- [0:13](https://hardwarepodcasts.com/podcast/being-an-engineer/2020-04-29-s1e02-1k-to-25m-in-12-years-dan-kasprzyk#t=13) Introduction: Dan Kasprzyk and his background at ASU
- [4:45](https://hardwarepodcasts.com/podcast/being-an-engineer/2020-04-29-s1e02-1k-to-25m-in-12-years-dan-kasprzyk#t=285) Choosing Bioengineering and early career moves
- [9:43](https://hardwarepodcasts.com/podcast/being-an-engineer/2020-04-29-s1e02-1k-to-25m-in-12-years-dan-kasprzyk#t=583) Founding Machine Solutions with $1,000
- [15:23](https://hardwarepodcasts.com/podcast/being-an-engineer/2020-04-29-s1e02-1k-to-25m-in-12-years-dan-kasprzyk#t=923) Developing stent crimping technology for major med device companies
- [22:09](https://hardwarepodcasts.com/podcast/being-an-engineer/2020-04-29-s1e02-1k-to-25m-in-12-years-dan-kasprzyk#t=1329) Why large companies failed to solve the problem internally
- [29:50](https://hardwarepodcasts.com/podcast/being-an-engineer/2020-04-29-s1e02-1k-to-25m-in-12-years-dan-kasprzyk#t=1790) Current work at Poba Medical and Symple Surgical

## Topics

- [Starting a product company](https://hardwarepodcasts.com/topic/starting-a-company)
- [Mechanical engineering](https://hardwarepodcasts.com/topic/mechanical-engineering)
- [Manufacturing partners & offshoring](https://hardwarepodcasts.com/topic/manufacturing-partners)
- [Scaling production](https://hardwarepodcasts.com/topic/scaling-production)
- [Medical & health devices](https://hardwarepodcasts.com/topic/medical-devices)

## Most relevant to

early-stage companies, companies scaling up

## Mentioned

- Poba Medical (company)
- Symple Surgical (company)
- Machine Solutions (company)
- Medtronic (company)
- Boston Scientific (company)
- Abbott (company)
- Johnson and Johnson (company)
- Gore (company)
- Advanced cardiovascular systems (company)
- Vascular Solutions (company)
- Teleflex (company)
- Pipeline Design & Engineering (company)
- Arizona State University (company)
- University of Wisconsin (company)

## Related episodes from other shows

- [005 - “Compassionate Product Development” with Cameron Jones](https://hardwarepodcasts.com/podcast/lets-combinate/2021-11-03-005-compassionate-product-development-with-cameron-jones) (Let's Combinate)
- [#381: MedTech Advice from an Accidental Entrepreneur](https://hardwarepodcasts.com/podcast/global-medical-device-podcast/2024-09-05-381-medtech-advice-from-an-accidental-entrepreneur) (Global Medical Device Podcast)
- [Belkin International: Chet Pipkin](https://hardwarepodcasts.com/podcast/how-i-built-this/2019-05-13-belkin-international-chet-pipkin) (How I Built This)
- [#016 - Developing with a hardware engineering company, with Karoly Molnar of ProDSP Technologies, Hungary](https://hardwarepodcasts.com/podcast/the-hardware-entrepreneur/2017-03-08-016-developing-with-a-hardware-engineering-company-with-karoly-molnar-of-prodsp) (The Hardware Entrepreneur)
- [143: Build Your Own Manufacturing for Your Invention](https://hardwarepodcasts.com/podcast/product-startup/2022-09-28-143-build-your-own-manufacturing-for-your-invention) (Product Startup)

## Citing this page

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