Visible · B2C · wearable for pacing chronic illness
Start with a free app and 100 waitlist users in a Facebook group
Free app grew to ~50K users by word of mouth before any wearable
What they did
What happened
- Stage
- pre-revenue
In their words
$10M ARR Without Ever Testing A Paywall — Luke Martin-Fuller, Visible
Luke Martin-FullerI think we went off and created, I think we maybe paid someone on Fiverr to create a 3D mock-up of a wearable. And I think the site just said pretty much what the hero on our website says now, which is "Pacing, made simple." It was a product promise, but there was not much behind it. And we were honest about that. We went through to a Typeform and said, "If we built this product, would you be interested in coming along for the journey with us?"
Luke Martin-FullerAnd people were incredibly excited about that. But two of us, we had experience building mobile apps. We certainly didn't have the funds or the time to go out and build a wearable. So we did what we knew best, which was starting by building a free app. And that was incredibly powerful. I think we learned a lot from starting small. We worked with a group of 100 people initially from that wait list. We called them the Founding 100.
Luke Martin-FullerAnd we were in a Facebook group with them. We were jumping on calls with them all the time. We learned a few things about our particular use case, which is that people were using three or four different apps. They were tracking their symptoms in one place. They were finding community in another, they were finding research somewhere else. All of those apps were not fit for purpose.
Luke Martin-FullerAnd we thought, "If we can build something into one experience, we can deliver a heap of value to people that have been massively underserved and overlooked." And we were able to build something that people liked and grew. I think we grew to about 50,000 users all through word of mouth in those early days on an app that didn't even have a wearable, which is what we promised. So that was amazing and it really kind of helped us build the muscle of the iterating towards something that people wanted to use.
David BarnardWere you bootstrapping that whole time? And were you working full-time and doing this on the side? How did that work?
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More from this episode
- Put up a site with a 3D mock-up and a waitlist before building anything5,000 waitlist signups in about a week
- Send 100 free wearables to users and iterate before charging anyoneCharged only after over a year; then $1M to $10M ARR in two years
- Let users opt in to share anonymized data with university researchersPapers in Nature and with Mount Sinai; builds trust when buyers research; no revenue number
- Buy Polar's heart-rate sensors retail, then wholesale, then co-design a custom bandReal-time data other wearables couldn't give; guest calls it a productive partnership
- Sell the band at cost (~$80) and charge $20 a month for the appLowers the barrier to buy; host thought $80 looked too cheap to be good
- Run only Meta ads with customer videos, and earn back each dollar the same day$1M to $10M ARR in two years, cash-flow positive; ~50% of customers from paid
- Recruit members to film ad videos; pay a flat cash fee per video usedMain source of Meta ad creative; run by a team of two
- Test each member video with a small ad budget; scale only the winnersOnly 1-2 videos a week ever get scaled spend
- Hire a chronic-illness creator you paid for a video as social media managerKickstarted outreach to the right creators; founder says it helped, no numbers
- Use a web quiz that tells poor-fit visitors the product isn't for themSame quiz since launch; guest says it protects retention; untested
- Sell on the web so buyers can pay with HSA or FSA moneyAdds payment options, better ad signals and no 30% app store fee
- Offer a free app without the wearable so people can try before buyingA big chunk of acquisition, all word of mouth; barely promoted
- Move the web funnel off a flaky no-code tool so you can test itGuest's biggest win of the year; test results still to come
- Launch an AI feature that explains your health data in plain languageEarly-access users hated it; back to the drawing board
- Test new features with an early-access group, then explain changes with resultsKept a failed feature away from most users; eases resistance to change
- Stay cash-flow positive to $7M revenue, then raise a small, quiet Series ARaised at ~$7M revenue from an aligned investor; funds data science and product
Tags: facebook, free-app, mvp, founding-users, user-interviews