From Banking to Business: A Conversation with Val Pilch, CEO of ForMeds

In this episode, Kimon and Richard speak with Val Pilch, CEO of ForMeds. Val was born in Krakow, living there for his early childhood before moving to New York in the 1990s at the end of high school. He studied initially in New York before moving to North Carolina to attend Duke University for business school. Val describes the pros and cons of this path, suggesting that an MBA might give someone a valuable toolkit though it does not teach you what it actually takes to run a business. After school, he initially worked in consulting and then in banking. Val’s work at investment banks led him to Singapore, where he worked and lived for seven years. In 2015, Val decided to move back to his birthplace to explore a career outside of investment banks. He began running a commercial lighting company, which was the largest in all of Poland. In 2019, the company was sold to a Norwegian industrial group. After this experience, Val decided that he wanted to try his hand at entrepreneurship. He even cites a conversation with Richard in 2020 as part of the inspiration for going down a new path! Val decided to go about entrepreneurship via acquisition. As of the publication of this video, he has been CEO and owner of ForMeds for about three months. Val shares plenty of useful wisdom throughout the interview. He discusses the importance of focus. In a company with many moving parts, it’s easy to spiral out into all sorts of avenues. According to Val, it is best to hyper-fixate on the most important issues and execute those perfectly. -Val's LinkedIn -ForMeds  -Novastone Capital Advisors  -Stanford Search Fund -Jack Lancaster: Entrepreneurship Through Acquisition About NBN: The NBN Entrepreneurship and Leadership podcast aims to educate, inform and entertain, sharing insights based on the personal stories of carefully selected guests—all in an informal atmosphere of unscripted conversations and open, personal accounts. About our Hosts: Kimon Fountoukidis is the founder of both Argos Multilingual and PMR. He founded both companies