42 min
Revolutionizing the Cannabis Industry: A Chat with Djot's CEO Startup Talk The Canadian Startup Podcast
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- Entrepreneurship
In this exciting interview with Elad Barak, CEO and co-founder of Djot, a Toronto-based startup that is revolutionizing the cannabis industry with its precise dosing technology. Elad will discuss Djot’s proprietary Dispenser and Pod technology and how it allows users to enhance any beverage with the tap of a finger, creating a personalized and convenient cannabis experience without smoking or inhalation. Elad brings a wealth of experience in business development, fundraising, and general management, having raised more than $30 million from institutional and retail investors.
Automated Transcript of Djot on the Startup Talk Podcast
Announcer 00:02
Direct from the sixth world renowned Canada’s largest city, with Canada’s biggest thinkers, visionaries and hustlers. This is startup talk featuring the founders, funders, innovators and community leaders who’ve led Canada’s startup ecosystem right here in Toronto. You’ll hear the challenges, the failures, the successes, Toronto StartUp podcast gives you the full story direct from the entrepreneurs and influencers who’ve made a difference. Now, the host of startup talk, the founder of Toronto starts this startup coach.
The Startup Coach 00:37
Welcome back to startup talk. I’m your host, startup coach, founder of Toronto Star. It’s one of the largest startup communities in Canada. With me today is Elad Barak, CEO and co founder of Djot, welcome Elad.
Elad Barak 00:48
Hey, thanks. Thanks for having me.
The Startup Coach 00:50
Can you tell us about your background and how it led to you co founding DDOT?
Elad Barak 00:55
I’m actually doing this podcast back from from where I grew up, which is in Israel, came for a quick visit. But I as I mentioned, grew up in Israel did the military service was an officer in the military. After that I got an opportunity to work abroad for Israeli embassy. So I worked for a year and a half in Mexico and another year in Ukraine. Back to Israel. I got my undergrad and Master’s in system engineering and worked for five years in the Israeli aerospace industry mainly with spacecrafts, a bit jet planes. At that stage, they felt things were too big for me. And that company is the biggest company we have in Israel. And I moved to a very small startup that builds robots for the US military here in Israel. And that really kind of started up my passion with startups. I then went to Toronto to get my MBA at U of T. And after that kind of led my career through smaller scale companies, and one of the cleantech then in the cannabis industry. And then that stage I decided to start my own company, John, which is what we’re talking about today. So that’s kind of my path and 60 seconds. So jot, jot, yes, the silence. What inspired the creation of jobs, I was working in the cannabis industry, for a company that was trying to do beverages. And after a year, that kind of didn’t work anymore. I wasn’t too hireable, probably. And we separated our paths. And I wanted to do also a cannabis beverage company, I thought things were done wrong. So a friend joined me and we started this company. And we want to do a cannabis beverage. And we tried to think what beverage should we do what dose and as we were working on it, our NBA hat kind of came to place. And we felt we’re not solving the right challenge for consumers. Consumers want the cannabis beverage, but they’re not asking us to choose the beverage or the dose. So we thought maybe a solution is to give them small vials where they can make their own beverages. And we thought, okay, that’s smarter, but it was still missing something. And that something was the dosing, as we’re all different. And there’s a lot of regulations that don’t allow you to sell more than 10 milligr...
In this exciting interview with Elad Barak, CEO and co-founder of Djot, a Toronto-based startup that is revolutionizing the cannabis industry with its precise dosing technology. Elad will discuss Djot’s proprietary Dispenser and Pod technology and how it allows users to enhance any beverage with the tap of a finger, creating a personalized and convenient cannabis experience without smoking or inhalation. Elad brings a wealth of experience in business development, fundraising, and general management, having raised more than $30 million from institutional and retail investors.
Automated Transcript of Djot on the Startup Talk Podcast
Announcer 00:02
Direct from the sixth world renowned Canada’s largest city, with Canada’s biggest thinkers, visionaries and hustlers. This is startup talk featuring the founders, funders, innovators and community leaders who’ve led Canada’s startup ecosystem right here in Toronto. You’ll hear the challenges, the failures, the successes, Toronto StartUp podcast gives you the full story direct from the entrepreneurs and influencers who’ve made a difference. Now, the host of startup talk, the founder of Toronto starts this startup coach.
The Startup Coach 00:37
Welcome back to startup talk. I’m your host, startup coach, founder of Toronto Star. It’s one of the largest startup communities in Canada. With me today is Elad Barak, CEO and co founder of Djot, welcome Elad.
Elad Barak 00:48
Hey, thanks. Thanks for having me.
The Startup Coach 00:50
Can you tell us about your background and how it led to you co founding DDOT?
Elad Barak 00:55
I’m actually doing this podcast back from from where I grew up, which is in Israel, came for a quick visit. But I as I mentioned, grew up in Israel did the military service was an officer in the military. After that I got an opportunity to work abroad for Israeli embassy. So I worked for a year and a half in Mexico and another year in Ukraine. Back to Israel. I got my undergrad and Master’s in system engineering and worked for five years in the Israeli aerospace industry mainly with spacecrafts, a bit jet planes. At that stage, they felt things were too big for me. And that company is the biggest company we have in Israel. And I moved to a very small startup that builds robots for the US military here in Israel. And that really kind of started up my passion with startups. I then went to Toronto to get my MBA at U of T. And after that kind of led my career through smaller scale companies, and one of the cleantech then in the cannabis industry. And then that stage I decided to start my own company, John, which is what we’re talking about today. So that’s kind of my path and 60 seconds. So jot, jot, yes, the silence. What inspired the creation of jobs, I was working in the cannabis industry, for a company that was trying to do beverages. And after a year, that kind of didn’t work anymore. I wasn’t too hireable, probably. And we separated our paths. And I wanted to do also a cannabis beverage company, I thought things were done wrong. So a friend joined me and we started this company. And we want to do a cannabis beverage. And we tried to think what beverage should we do what dose and as we were working on it, our NBA hat kind of came to place. And we felt we’re not solving the right challenge for consumers. Consumers want the cannabis beverage, but they’re not asking us to choose the beverage or the dose. So we thought maybe a solution is to give them small vials where they can make their own beverages. And we thought, okay, that’s smarter, but it was still missing something. And that something was the dosing, as we’re all different. And there’s a lot of regulations that don’t allow you to sell more than 10 milligr...
42 min