In this podcast with Kyriakos the CEO of Terra, Cyndi Williams shares insights on Quin's journey to support diabetes patients. Quin's app, live in the UK and US, boasts a 20% user engagement rate for 15 days or more each month. Cyndi discusses how Quin's personalized approach and focus on diabetes distress have led to 5% to 10% improvements in critical health metrics.
Kyriakos: Cindy, great to see you again. Why don't we start with an introduction on what you are working on?
Cyndi: Yeah, good. So I am the co-founder and CEO of Quin, which is a digital therapeutic focused on self-management of diabetes. We're 100% focused on the 24/7 needs of an individual, starting with the fact that 99% of diabetes care is self-care done by the individual when they're away from their doctor. It's a lifelong learning journey. People are making hundreds of decisions a day about things that most of us just take for granted. So can I eat this now? Can I get in the car and drive? Can I go into this meeting without passing out? There's just layer on layer of uncertainty about everything from activity to sleep to stress. Lots of things going wrong, lots of ups and downs just in day-to-day life. We take data from diabetes devices and phones and build complex models of personal behavior and physiology. We use that to curate hyper-personalized education, support, and guidance based on each individual's personal past experiences. We've been live in the UK for over a year and in the US since November of last year. We're seeing extraordinarily high engagement rates and improvements in critical healthcare metrics.
Kyriakos: I think something very interesting you touched upon was that each individual is different. So you would need different data sources and maybe different outcomes for each person. Having said that, can you walk us through how you started?
Cyndi: Yeah. I started seven years ago now, a little over that, along with a co-founder. She's now gone on to do her PhD, but she'd been living with diabetes for 20-plus years at the time that we started. She clued me into the relentless nature of self-management of the condition. We set the company up around that, thinking about how we can use phones and wearable devices to alleviate some of the cognitive and psychological loads. We spent the first year working out of the British Library in London, interviewing people with diabetes. We quickly realized we needed to create a medical device, so we worked out the regulatory strategy and raised some money to develop an MVP. It was wrong, and we had to iterate. I always say Quin is really three companies. The first two failed, and the third one is now working.
Kyriakos: So it sounds like the problem was always the same, but then the execution took three different products to come to the right moment. What was the first MVP you created?
Cyndi: The first MVP was focused on insulin dosing. How much insulin should I take and when? It's a lot of guesswork and trial and error. We wanted to make that easier by helping people recall past experiences. But we realized there's something bigger: the mental health aspects of managing diabetes. The world of diabetes management is set up around getting good blood glucose results, but 80% of people don't achieve that target. This leads to diabetes distress. We saw that we needed to treat diabetes distress to improve health outcomes. Our app became more education-oriented, focusing on personalized, relevant information to help people manage their condition.
Kyriakos: Can you give me the foundations of diabetes? What does it mean? What should the levels of your glucose be? And then what about your insulin?
Cyndi: Diabetes is an umbrella term for chronic high blood glucose. There are two main types: type 1, where your body isn't making enough insulin, and type 2, where your body isn't using insulin properly. Insulin allows cells to take glucose from the blood. If you're not making or using insulin effectively, your blood glucose is high. The endocrine system, which diabetes affects, is very complex. There are two major metrics: time in range and HbA1c. Time in range measures how often your glucose is in a safe range, and HbA1c is the average glucose over a period. Managing diabetes involves measuring glucose and adjusting insulin based on various factors like activity, stress, and diet.
Kyriakos: It sounds pretty difficult because let's just assume that you don't have a glucose monitor that is measuring all the time, right? How would you know what's the dosage and what are the right things to do?
Cyndi: You're going to measure your blood glucose before eating and make a guess about insulin dosing. If you have access to testing strips, you'll check your glucose two hours after eating to see if you need more insulin. It's a guessing game, even with continuous monitoring, because you can't predict everything that will affect your glucose. The individual has to be involved in the decision because they know their plans and how those will impact their glucose.
Kyriakos: You mentioned something I've never heard before. If someone gets angry, is there a chance for the glucose to go higher?
Cyndi: It can be, depending on the person. It's hormonal, involving cortisol and adrenaline. When we rebuilt the product, we focused on understanding diabetes distress and providing education. People often aren't taught about how insulin behaves, so we provide small, relevant pieces of education. We acknowledge that managing diabetes isn't an exact science and offer support to deal with uncertainty.
Kyriakos: And basically once I sign up for Quin, then what do I get as a user?
Cyndi: You download the app, and we start learning about you. We give value for every piece of information you provide. We say three minutes a day for three weeks helps us understand you enough to give guidance. Insights around insulin and dosing are key. As a business decision, we initially focused on type 1 diabetics because of the deep subject matter expertise and unmet needs. We're now expanding to type 2, focusing on understanding where people are in their diabetes life and helping them break the cycle of distress.
Kyriakos: Once you launched, how did you go about finding the first few customers?
Cyndi: We had a research program with hundreds of people co-creating with us. We recruited on social media and built a social presence. Our marketing strategy included content creation, influencer programs, and multi-channel marketing. We've had over 40,000 downloads. Our initial funding was friends and family, which allowed us to release a product and complete regulatory requirements. We've raised over five million U.S. dollars in smaller tranches, with the same angels supporting us across rounds.
Kyriakos: That's pretty interesting. So for someone that starts today, how do you approach these people? How do you find them?
Cyndi: Our angels came from our networks. We have one angel group, E100, but the rest came from personal connections. Investing in your networks is crucial. It makes a big difference in getting support and resources down the line.