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Generating Pre-Commercial Demand: How Did Single Pass Do It?

Bill Colone is the CEO of Single Pass, is a local Orange County company solving the unique problem physicians face when conducting biopsies.

In today’s ‘How Did You Do It?’ We sat down with Bill to learn how he was able to leverage his network to get multiple physicians and strategic companies interested before going to market.

Interviewer (TCA): Stefani Rios

Interviewee (BC): Bill Colone

TCA: What is Singlepass?

BC: Single Pass is an electro-cautery device that effectively seals the biopsy channel by cauterizing the tissue to prevent bleeding. There are millions of biopsy procedures (kidney, liver, lung and breast) performed every year. These patients occasionally have problems with bleeding due to pushing a large hollow needle into the tissue area. Single pass is the only method that lets physicians control the outcome of the procedure when performing a biopsy.

TCA: How Does It Work?

BC: It’s really simple to use and very effective. So physicians do exactly what they normally do when performing a biopsy. They put in a guide needle to the tissue area, remove a tissue sample, and before they pull the guide needle out, they put Single Pass inside the guide needle and push the power button and withdraw it slowly. Under an ultrasound physicians see a beautiful cauterized this is confirming that we have no bleeding and that it is cauterized.

TCA: How were you able to create your customer and potential partner pipeline?

BC: The team and board members have been in this industry for quite some time. As a result we really leverage our network because we know a lot of vascular surgeons and interventional radiologists. We also have 11 physician investors. Some of these investors are also in investment clubs so they just happen to be...

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