Gregg Phillips
- Founder and CEO at CoverMe
GetLatka interview
How CoverMe Bootstrapped to 36 Customers and a Projected $1.6M Revenue Year on a 22-Person Team (Interview with Founder and CEO Gregg Phillips)
Gregg Phillips (Founder and CEO of CoverMe) spoke to Nathan Latka on August 4, 2021.
CoverMe figures from the interview
- Revenue (2021, projected)
- $1.6M
- Customers (2021)
- 36
- Team Size (2021)
- 22
- Engineers (2021)
- 13
- Line of Credit
- $1.125M
“I have. I actually started as a healthcare administrator. I ran parts of the Health and Human Services Commission in Texas. And one thing I realized was that government in particular is really, really bad at eligibility and enrollment and all of these things that are out there.”
“I'm not a stupid person, but I can't figure this out. So we took some of the lessons we learned from enrollment. We took some of the lessons we learned from eligibility over the last thirty or forty years and really turned them into an AI driven solution that helps people find ways to pay for their health care in real time.”
“This year, we will finish the year at about $1.6 million. Our ARR will be a little bit heavier than that because we're really diving off into a, I guess, we sort of consider this game time. And so we're amping up our sales and marketing efforts. I have a new sales director, we have a new marketing director.”
Bio
Founder and CEO of CoverMe, healthtech SaaS company using AI to help people find paying sources for healthcare bills in a real time marketplace. Bootstrapped and profitable, CoverMe’s team has doubled along with revenue in each of the last four years.