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Enzinger: The Austrian investment scene lacked quality during our early days

Patrick Enzinger · HealthTech SaaS Bootstrapped to $600k ARR, 1200 Customers and 500,000 Patients · Sep 9, 2021 · at 9:34

Patrick Enzinger is the co-founder of Appointment Med, an Austrian healthcare SaaS platform. He reflects on his experience trying to raise venture capital locally.

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“The Austrian, Investment scene wasn't really that great.”

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More from Patrick Enzinger

Assertion Not checkable as stated
Enzinger: Appointment Med suffers almost no churn from product dissatisfaction
“Once they switch, we basically don't have any churn that is due to people being unhappy with the software. It's more like external circumstances.”
Patrick Enzinger Sep 9, 2021 ▶ 12:55 HealthTech SaaS Bootstrapped to $600k ARR, 1200 Customers and 500,000 Patients
Disclosure
Enzinger: Appointment Med manages data for nearly 500,000 patients
“We do have almost half a million patients now in our system, so it's critical to have.”
Patrick Enzinger Sep 9, 2021 ▶ 3:07 HealthTech SaaS Bootstrapped to $600k ARR, 1200 Customers and 500,000 Patients
Disclosure
Enzinger: Appointment Med has about 1,200 customers
“I'd say about 1200 or something like that.”
Patrick Enzinger Sep 9, 2021 ▶ 3:16 HealthTech SaaS Bootstrapped to $600k ARR, 1200 Customers and 500,000 Patients
Disclosure
Enzinger: Appointment Med generates €40K to €50K MRR with five people
“So if we're talking about numbers, we're about like that. 40 to 50 K MRR now. So it's not that, that big, but since we are a small team, we're only five people.”
Patrick Enzinger Sep 9, 2021 ▶ 5:58 HealthTech SaaS Bootstrapped to $600k ARR, 1200 Customers and 500,000 Patients
Assertion Not checkable as stated
Enzinger: 70% of recent customer growth came from referrals
“Most of our growth now is referrals from existing customers. So last month we had 70% of our growth was referrals from existing customers because they are so happy with the software that we provide for them.”
Patrick Enzinger Sep 9, 2021 ▶ 7:14 HealthTech SaaS Bootstrapped to $600k ARR, 1200 Customers and 500,000 Patients
Disclosure
Enzinger pays himself around €4,000 per month as a bootstrapped founder
“Right now we're about 4000 euros a month.”
Patrick Enzinger Sep 9, 2021 ▶ 10:58 HealthTech SaaS Bootstrapped to $600k ARR, 1200 Customers and 500,000 Patients
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