4.6 • 683 Ratings
🗓️ 1 March 2019
⏱️ 15 minutes
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Kim started her 3rd company, Trials.ai after her best friend was diagnosed with terminal cancer and given five months to live. What began as a passion project has turned into a mission-driven, venture-backed startup that is turning the clinical trials ecosystem on its head.
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0:00.0 | Be kind to yourself and remember your mind's a powerful thing. |
0:02.8 | Imagine positive things, not negative ones. |
0:04.8 | She jumped in and took a very negative experience in the form of her friend becoming very, very sick three years ago, |
0:10.1 | launched us, Paul, launched her own company in 2016 Trials.A.I to speed up. |
0:14.6 | They had a clinical approval process, which can take a long, long, long time. |
0:18.7 | She's now got a team of eight. They've raised $750,000, about four customers, |
0:22.4 | doing 25 grand per month in revenue, 300 per year. |
0:25.3 | Too early to talk about unit economics, |
0:26.9 | but they're currently raising another $2.5 million bucks |
0:28.9 | on hopefully a $10 million pre-money valuation |
0:31.0 | to continue scaling the company. |
0:33.6 | This is the top entrepreneurs podcast, |
0:37.1 | where founders share how they started their companies and got |
0:40.0 | filthy rich or crash and burn. Each episode features revenue numbers, customer counts, |
0:49.0 | and other insider information that creates business news headlines. We went from a couple of hundred thousand dollars to 2.7 million. |
0:57.0 | I had no money when I started the company. |
0:59.0 | It was $160 million, which is the size of any IPOs. |
1:02.0 | We're a bit strapped. |
1:03.0 | We have like 22,000 customers. |
1:07.0 | With over 5 million downloads in a very short amount of time, major outlets like Inc are calling |
1:13.5 | us the fastest growing business show on iTunes. I'm your host, Nathan Latka, and here's today's |
1:19.8 | episode. Hello, everyone. My guest this morning is Kim Walpole. She started her third company |
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