#52, Joe Landolina, Co-Founder and CEO of Cresilon— Starting a company in his dorm room, finding the right investors; and the importance of transparent communication

10 Oct 2023 · 73 min
Episode

10 Oct 2023 · 73 min

0:00

Podcast episode (From Startup to Grownup, ep. #52, Oct 10, 2023) — Host Alisa Cohn interviews Joe Landolina, cofounder & CEO of Cresilon/Crestolon. Joe describes discovering a polymer blend (algae-derived polymers) at 17 that forms an adhesive gel to stop bleeding; developing the company from a dorm room and his grandfather's lab; a viral ~20-second demo GIF that generated ~140M impressions and ~8,000 investor inquiries; formal incorporation (2012) and progressive scaling into manufacturing (decided to build in-house after reliability issues with third-party testing and production); fundraising across multiple rounds approaching ~$100M; hiring and culture work to define the “Cresilon employee” (values→rubric, reducing 10 values to 4 attributes, hiring for 'swing hitters' with hard + soft skills, "logo hunting" to recruit senior talent); management lessons (pendulum between micromanagement and over-trust, sandboxing to train young managers, continual feedback rather than saving negative feedback for reviews); major setback: discovery that third-party sterility assays were unreliable which forced building in‑house manufacturing and extended a multi-year bridge financing (roughly 2016–2020) including pandemic delays; founder coping and mental-health practices (spousal/family support, transparent communication with team and investors, daily walks, delegating, giving teams relaxation budget during high-stress periods); leadership advice to founders: build relationships, lean on advisors/support, iterate, and focus on recovery after setbacks.

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