Boon

Traction and Growth

Published on Jun 24, 2019

Hi All,

It has been so exciting to watch Boon gain traction in the last 3 weeks. Thank you to the 57 of you that have invested so far and dozens others that are considering investments.

We are zooming towards our user sign-up goals and at a fraction of the budgeted cost. Originally we had anticipated provider acquisition to run about $100-$200. Right now we are averaging on the $30 mark. That’s about $20 lower than our last update. Huge progress. Further, we had a goal of 100 providers and 20 practices within our first 90 days. Being just 3 weeks in, we are over 60 providers and over 12 practices, more than half way to our goal in both counts just 3 weeks into our 90 day time frame. 

The fast growth and high rate of specialized user sign-ups is encouraging. It’s important to remember that we are focused in just RTP, NC with this initial roll out and the total market size is only a couple hundred practices. So to gain the traction we have in this limited window is extremely encouraging and shows that Boon is solving a massive problem.

With this increased demand, there is a chance we could accelerate our timeline to allow live matching meaning we may accelerate our timeline to start booking revenue.

Thank you all for your support so far. Please invite friends, colleagues and family members to join you in investing in Boon.