LOAN FUNDED

Vital Interaction

Hugo Diaz and Lawson Boothe, Co-Founders

Our Story

Hugo and I met while pursuing our MBAs at the Acton School of Business in Austin, TX. He had mobile technology experience, and I was experienced as a software programmer. We instantly clicked and decided to put our complimentary skills together to start something of our own - something that made a real difference.

We knew the healthcare industry was a messy and dated industry from a technology perspective, and that’s why we chose to tackle it. We saw an exciting opportunity to help others with true innovation.

At the most basic level, communication is crucial for any medical practice to be successful. In order to optimize communication between the provider and the patient, we developed a cost-effective, interactive, and easy-to-use solution that can be easily customized to meet both parties’ needs.

Why Able

We tried several different fundraising routes before going with Able. At the beginning, I sold my house, and Hugo sold his company, which allowed us to get Vital Interaction off the ground. Next, we raised a little bit of seed capital from friends and family, and then took out a small SBA loan.

It wasn’t until we met Evan Baehr at an Acton panel that we found out about Able. Hugo and I are bootstrappers - we like to keep our equity. Taking out an Able loan allowed us to do just that - to make smaller bets.

$400,000 Total Loan Funded

Loan Breakdown

Backer Loan $100,000
Able Matched $300,000
Total Loan $400,000

Backers

4 friends/family loaned $100,000
Backers: 4/4 Goal: 100%

Able Match

Able matched Backers’ loan by 3x

Loan Use

Working capital and marketing

About Us

Bio

Hugo and I (Lawson) met while pursuing our MBAs at the Acton School of Business. We decided to start something of our own - something that made a real difference. We saw healthcare as an equally exciting and broken industry, so we took on the challenge of tackling it. The service we developed faciliates communication between patients and caregivers, and is currently being used in 20 states.

Location

Austin, TX

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