🧬 How We Scaled Nike Innovation from the Shoelace Room | Michael Newton (Part 3/4)
"Hard things are hard. But we gotta go do them, or we gotta go try."
In this episode of The Biotech Startups Podcast, Michael Newton shares his journey from private equity and finance to launching a pay-per-mile auto insurance startup, leading groundbreaking innovation at Nike, and taking on the CEO role at Qorium, a biotech venture in the Netherlands.
He reflects on building Nike Innovation, driving sustainable initiatives like Flyknit, and navigating the leap from corporate life to startup challenges—offering sharp insights into scaling big ideas, evolving as a leader, and staying true to mission-driven work across every stage of his career.
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"Hard things are hard. But we gotta go do them, or we gotta go try."
In this episode of The Biotech Startups Podcast, Michael Newton shares his journey from private equity and finance to launching a pay-per-mile auto insurance startup, leading groundbreaking innovation at Nike, and taking on the CEO role at Qorium, a biotech venture in the Netherlands.
He reflects on building Nike Innovation, driving sustainable initiatives like Flyknit, and navigating the leap from corporate life to startup challenges—offering sharp insights into scaling big ideas, evolving as a leader, and staying true to mission-driven work across every stage of his career.
Key topics covered:
- Taking Career Risks: From Wall Street to startup to biotech CEO.
- Launching Nike Innovation: Transforming a small team into a global innovation force.
- Scaling Major Initiatives: Turning breakthrough ideas into reality, like Flyknit.
- Leadership & Company Culture: Real lessons in leadership, values, and transitions.
- Biology as the Future of Manufacturing: Building the future in synthetic biology.
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Timestamps:
00:00 Intro
01:27 From Finance to Entrepreneurship: Michael’s Journey Starts at Stanford
02:37 Early Startup Experience: Pay-Per-Mile Auto Insurance
05:20 The Oregon Gamble: Moving for the Insurance Venture
07:01 Unexpected Shift: Nike, Portland, and a New Career Path
08:53 Launching Nike Innovation: Building from the Shoelace Room
13:20 Inside Nike’s Innovation Culture: Global Scale and Flyknit
18:26 Leadership Lessons from Nike: Consumer Focus and Culture
20:51 Founder-Led to Professional Management: Nike’s Transition
23:51 Leadership Succession in Iconic Companies
28:16 When to Stay, When to Leave: Michael’s Exit from Nike
32:53 Biotech Leap: Becoming CEO of Qorium
36:19 Outro