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Finding Product-Market Fit: 9 Doctors Signed Before Code

Episode 126 Published 9Β years, 4Β months ago
Description

Luke Kervin walked into a doctor's office with a business card for a company that didn't exist and a product he hadn't built. He walked out with a signed contract for $500 a month. He did that nine times before writing a single line of code. That SaaS product validation approach was Luke's method for finding product-market fit - and it launched PatientPop.

Luke's PMF journey started with failure. His original healthcare idea flopped, but asking doctors what kept them up at night revealed a much bigger opportunity. Validating product-market fit took under two weeks with nothing but business cards and a brochure. Then he proved the model by manually driving 21 new patients per practice in the first 30 days.

Luke Kervin is the co-CEO of PatientPop, an all-in-one practice growth platform for healthcare providers. The company was founded in 2014, raised $24 million, and scaled to 142 employees in just two years with a field sales team closing at 30%+ rates.

πŸ”‘ Key Lessons

  • 🎯 Finding product-market fit doesn't require code: Luke signed 9 paying doctors using only business cards, a brochure, and a landing page - proving demand in under two weeks.
  • πŸ“‰ A failed idea can lead to finding product-market fit gold: Luke's original idea flopped, but asking doctors what kept them up at night revealed a much bigger opportunity worth $24 million in funding.
  • 🀝 Hire two sales reps to avoid false conclusions: One rep crushed it while the other struggled - hiring only one could have led to the wrong conclusion about product viability.
  • πŸš€ Manual delivery proves product-market fit faster than code: By manually building directory profiles and websites, PatientPop drove 21 new patients per practice in 30 days - validating before automating.
  • 🏒 Moving upmarket requires a different playbook: PatientPop jumped into mid-market sales too early and discovered larger practices had different needs, longer sales cycles, and required a different selling process.

Chapters

  • Introduction
  • Meet Luke Kervin and PatientPop
  • What PatientPop does for healthcare providers
  • How the idea started in a doctor's office
  • The pivot from failed idea to finding product-market fit
  • Validating demand without a product
  • All nine doctors signed up
  • Proving product-market fit with a manual MVP
  • Tactics that drove 21 new patients per practice
  • Growing the sales team and early mistakes
  • Criteria for choosing what business to build
  • Why hiring two sales reps matters
  • Building the executive team
  • Mistakes moving to mid-market too fast
  • Pricing model and expansion opportunities
  • Fundraising strategy across angel, seed, and Series A
  • Lightning round

Resources

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