White Coat Investor Podcast WCI #281: Physician Entrepreneurism and Venture Capital With Dr. John Shufeldt
Sep 22, 2022
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Physician Who Built A $100M Urgent Care Chain
- John Shufeldt started as an ED physician, became an ED medical director, and moved into urgent care and other ventures while practicing.
- He built Nexcare to ~60 centers and $100M revenue over 17 years while still practicing clinically.
Problem First, Then Rapid MVP Iteration
- Start by spotting a frequent, large, recurring problem and test a minimal viable product (MVP).
- Iterate in a constant state of beta and use early adopters for hypercritical feedback.
Use Early Adopters To Narrow Your Use Case
- Solicit brutally honest feedback from early adopters and narrow your initial use case.
- Expand features gradually after you solve core problems for your user group.