DiscoverThe SaaS Operator PodcastHow Joe Thurman Switched from Building A Service Company to SaaS Business
How Joe Thurman Switched from Building A Service Company to SaaS Business

How Joe Thurman Switched from Building A Service Company to SaaS Business

Update: 2024-06-12
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On this episode of The SaaS Operator Podcast, we hosted Joe Thurman, co-founder of IIA Healthcare. IIA Healthcare is a SaaS that uses AI to help healthcare employers interview better. 

This episode features the story of how Joe and his team took an internal tool to market as a SaaS product with over $1M ARR and $6M funding raised.

Joe also gives us the scoop on acquiring a smaller startup, Gritly, and their plans for the future.

Tune in to learn more about:

~ IIA Healthcare’s value proposition, team structure, and growth 

~ How Joe built an internal tool into a successful SaaS product

~ Acquiring smaller startups as a growing startup

~ Hiring and managing engineering contractors engineering teams on contract

  • (00:00 ) - Intro

  • (00:10 ) - What is IIA Healthcare, and who it is for

  • (01:30 ) - IIA’s founding journey

  • (03:37 ) - Transitioning from a service to SaaS

  • (06:50 ) - Taking an internal tool to market

  • (08:35 ) - Why they chose the VC route

  • (09:39 ) - IIA’s journey to raising $6M

  • (10:21 ) - IIA's current ARR and team size

  • (10:39 ) - The organizational structure at IIA Healthcare

  • (11:17 ) - The importance of a COO/Operator for startups

  • (12:05 ) - IIA's recent acquisition of a smaller startup

  • (12:35 ) - Behind IIA’s early decision to acquire a startup

  • (14:53 ) - Opportunities for startups to acquire venture orphans

  • (16:54 ) - Deciding to hire the engineering team as contractors

  • (19:10 ) - Keeping a committed team environment with contractors

  • (21:09 ) - Evolving IIA’s value proposition with growth

  • (25:46 ) - How IIA uses AI to improve hiring

  • (29:00 ) - IIA's plans for the next 2 years

  • (30:23 ) - Closing remarks


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Follow Joe Thurman:

On LinkedIn: Joe Thurman


Mentioned In The Episode

iiahealthcare.com – HR software in the healthcare space

ReactSquad.io - React.js Agency for Startups


Nikolas Chapoupis

On Twitter: https://twitter.com/nikolas_chap

On LinkedIn: https://de.linkedin.com/in/nikolas-chapoupis


EarlyNode

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How Joe Thurman Switched from Building A Service Company to SaaS Business

How Joe Thurman Switched from Building A Service Company to SaaS Business

Nikolas Chapoupis