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Reinventing Vet Care from the Ground Up

Strategy
April 19, 2025
Modern Animal CEO Steven Eidelman on scaling a better model for vets and pet owners.
Topics discussed in the episode:
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How did reading 'The Wisdom of Insecurity' influence Steven's entrepreneurial journey?
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What key piece of advice does Steven give to entrepreneurs?
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Why did Steven choose to build their own clinics rather than buy existing ones?
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How does Modern Animal attract employees aligned with its mission?
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How did Steven obtain initial funding for his first startup?
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How did Modern Animal acquire its first customers?
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How did Steven build a culture of innovation at Modern Animal?
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How did Modern Animal remove friction to achieve product-market fit?
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How did leveraging AI improve Modern Animal's operations?
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How did Steven Edelman learn the importance of pivoting to find product-market fit?

How did reading 'The Wisdom of Insecurity' influence Steven's entrepreneurial journey?

Embracing uncertainty and personal growth is vital for founders.

"So finding a way to just let it happen. Do my best and release that ego... I have to love that I am going to grow and that's how I'm gonna grow."

  • Steven learned to accept challenges and uncertainties.
  • Emphasized personal growth over ego.
  • Founders should embrace the journey's ups and downs.

What key piece of advice does Steven give to entrepreneurs?

Founders should seek wisdom to guide their own decisions.

"So I think my mantra now is, you know, seek wisdom. Not advice."

  • Steven advocates for learning from others' experiences.
  • Emphasizes personal responsibility in decision-making.
  • Founders should embrace making their own choices.

Why did Steven choose to build their own clinics rather than buy existing ones?

Building from scratch offers greater control over product and service quality.

"It's just that we can have a lot more control in the consistency of your work environment if we build it versus we bought an old one."

  • He sought full control over the service environment.
  • Ensured consistency and quality by building clinics.
  • Founders may build rather than buy to align with vision.

How does Modern Animal attract employees aligned with its mission?

Communicating clear values attracts mission-aligned talent.

"We are very clear about what we stand for, what our values are... we want people who want to join us to do that."

  • Steven highlights the importance of shared values.
  • Attracts employees committed to their mission.
  • Founders should clearly communicate their vision.

How did Steven obtain initial funding for his first startup?

Building relationships can unlock unexpected funding opportunities.

"He loved the vision and so in our mid-twenties aspiring entrepreneurs, he says, hey, I will fund this idea, let's go for it."

  • Steven secured funding through a partner's belief in their vision.
  • Networking led to a critical investment.
  • Founders should leverage their connections.

How did Modern Animal acquire its first customers?

Experimenting with multiple marketing channels can help early customer acquisition.

"We did a bunch of different marketing stuff... but within about a month, we had to stop doing everything to get more customers because we were full."

  • Steven tried various marketing tactics.
  • Rapidly reached capacity due to high demand.
  • Early-stage founders should test various channels.

How did Steven build a culture of innovation at Modern Animal?

Creating a culture aligned with your mission fosters innovation.

"It requires everyone rowing in the same direction... we are very clear about what we stand for, what our values are."

  • Steven clarified the company's mission and values.
  • He built a shared culture committed to change.
  • Alignment helps teams innovate effectively.

How did Modern Animal remove friction to achieve product-market fit?

Eliminating customer friction can drive higher engagement and product-market fit.

"So the idea of membership was we're going to remove the exam fee."

  • Steven identified exam fees as a barrier to care.
  • He introduced a membership model to eliminate fees.
  • Removing friction increased customer visits and loyalty.

How did leveraging AI improve Modern Animal's operations?

Integrating AI into your product can streamline operations and enhance efficiency.

"We built our own electronic medical record system... that's been wildly valuable today with AI where we are able to now point AI at a lot of different problems to eliminate a lot of the work."

  • Steven built custom systems to leverage AI effectively.
  • AI helped automate tasks and summarize complex data.
  • Investing in AI can improve product offerings and operations.

How did Steven Edelman learn the importance of pivoting to find product-market fit?

Finding product-market fit often requires adapting based on customer feedback.

"And as an investor, you know, I'm looking at the data, right, and it's obvious to me, I don't think people want this thing."

  • Steven realized his initial product wasn't resonating.
  • He pivoted to meet customer needs better.
  • Founders should use data to guide product decisions.