Peter Greco of LyoGo
Meet Peter Greco, founder of
LyoGo, a developer of drug storage and delivery systems.
What led you to become an entrepreneur?
LyoGo was formed for the purpose of developing innovative drug delivery systems, delivery systems which offer a superior user experience, are intuitive to use, and improve safety and sterility. LyoGo systems are intentionally designed to fit easily into the established drug filling processes of leading pharmaceutical companies.
How did you come up with the idea?
We saw firsthand how difficult and error prone the current process of injecting certain drugs can be. We knew we could make something better.
What resources or organizations in Ohio did you take advantage of, and how did they help?
We were first attracted to Ohio by the Battelle Memorial Institute in Columbus. Battelle then made us aware of the 10X entrepreneurship program at Ohio State. The 10X program and the mentors involved were extremely helpful, and most important, the 10X program introduced us to our investor.
What was the biggest surprise in starting your business?
There are many highs and lows that come with starting a company. I have learned that you must be flexible and know that things will continue to change as the company grows.
Where did you find your first employee?
The first person that we brought into the company was Dave Giddings. We met Dave for coffee at the Purdue Student Union. Dave continued to be more and more helpful and eventually became CEO of LyoGo.
What are some of the advantages to doing business in Ohio?
The biggest advantage of being in Columbus is that we are close to the Battelle Memorial Institute, which facilitates better collaboration throughout the development process.
What inspires you?
I am inspired by the opportunity to create and innovate, and am always thinking of better or different ways to do things. I am also inspired by being in control of my future. It is a significant risk to forgo a conventional career, but I am confident that hard work and persistence will pay off in the long run. Specific to LyoGo, I am inspired by the countless smart people that I get to work with. Being an innovative company means that I get to work with the people who are shaping the future of life sciences. I enjoy learning every day and am inspired and optimistic about the future.
What companies or founders do you admire and why?
Because there are so many, I will tell you what I admire in a company or founder. I admire someone who does not accept failure as an option. There may be plenty of companies that have achieved success relatively quickly or without much resistance, but I admire those that persevere through adversity. While every company [founder] has difficult times, it is those who face situations where most sane people would just walk away, but instead press on, that I really admire.
Writer: Cathy Podojil