Eric Dolan. He’s the co-founder and CEO of Neutun. He has 5 years of startup experience and business management experience. He also has data science experience with a focus on product development and management. In 2014, his team received an award for Best Smartwatch App in the Hack the North Competition in Canada. Recently, Eric was named INC’s 30 under 30, a list that recognizes the best young CEOs in America. He received his bachelor in business administration from University of Western Ontario and his post graduate specialization certificate from the University of Minnesota School of Public Health, New York University School of Business and John Hopkins University.

Famous Five:

Favorite Book? – The Hard Thing About Hard Things
What CEO do you follow? – Jeff Bezos
Favorite online tool? — Mixmax
How many hours of sleep do you get?— 6-8
If you could let your 20-year old self, know one thing, what would it be? – “Go more towards your business and tech side, that’s where you’re going to make more money”

Time Stamped Show Notes:

00:50 – Nathan introduces Eric to the show
01:42 – Eric is a Canadian and has been in US for 1.5 years
02:11 – Eric is currently in Canada during the interview
02:35 – Neutun is a software that makes it easier for patients to keep track of chronic diseases
02:44 – Eric’s mom has epilepsy and it was difficult for them to manage the seizures and medications
03:06 – Neutun keeps track of the seizures and manages the medications on time
03:28 – Neutun is device-agnostic
- 03:37 – It allows users to use their existing smartphone to track
03:45 – Neutun makes money through lead generation
04:17 – Eric is looking at a million dollar runway for 2017
05:09 – Neutun’s revenue is predictable for a SaaS business
05:56 – Neutun’s initial model was a lead generator for pharmaceutical companies
06:02 – In the long term, Eric wanted Neutun to transition to a market-intelligence company
06:14 – Neutun wanted to address all chronic diseases
06:30 – Neutun has 10K organic users
07:15 – Neutun was launched late 2016
07:47 – People find Neutun mainly from word-of-mouth
08:18 – There are also doctors who are recommending Neutun
08:38 – Neutun makes money through scripts or prescriptions
09:08 – Average amount per script
10:23 – Neutun tries to benefit the user as much as possible
10:46 – Neutun also suggests sponsored medication
11:06 – Average medication expenses of a patient
11:42 – Neutun is almost similar with tracking steps
11:53 – Through Neutun’s algorithms and AI, it can detect a seizure
- 12:11 – Then the recording will start
- 12:44 – Tracking the seizure is important for doctors
12:58 – With Neutun’s data, doctors can prescribe more accurate medications
14:10 – The only way to prevent seizures is to do what doctors tell you to do and take the medications
14:37 – Neutun was initially bootstrapped
14:56 – Neutun has raised a million on a kiss convertible note
15:33 – Team size is 7
16:50 – The Famous Five

3 Key Points:

If patients can track their seizures accurately, doctors can prescribe a more appropriate prescription.
The advancement in technology is benefitting the health industry in many ways.
Go where you can earn well.

Resources Mentioned:

The Top Inbox – The site Nathan uses to schedule emails to be sent later, set reminders in inbox, track opens, and follow-up with email sequences
Klipfolio – Track your business performance across all departments for FREE
Hotjar – Nathan uses Hotjar to track what you’re doing on this site. He gets a video of each user visit like where they clicked and scrolled to make the site a better experience
Acuity Scheduling – Nathan uses Acuity to schedule his podcast interviews and appointments
Host Gator – The site Nathan uses to buy his domain names and hosting for the cheapest price possible
Audible – Nathan uses Audible when he’s driving from Austin to San Antonio (1.5-hour drive) to listen to audio books
Show Notes provided by Mallard Creatives

704: A Son Saving His Mom With Health Tech Product That Recognizes Seizures

SaaS Interviews with CEOs, Startups, Founders