Forecaster
company on 1 show · 9 statements across 1 episodes · said 7 times in 1 episodes since 2023
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Burchett: Forecaster targets $40M post-money valuation for Series A
“We're raising eight million dollars. So if you're trying to sell roughly, if you're trying to keep it in that 20%, that'd be a forty million dollar post. So that's kind of what we're hoping for.”
Burchett: Forecaster closed seed round at $10M post-money valuation
“It was at a ten million dollar post.”
Burchett: Forecaster raised $750k pre-seed and $2.5M seed round
“In the pre-seed we raised, we oversubscribed a 600,000 dollar round up to seven 50. At the seed round, we raised 200 2.5 million.”
Forecaster only sells annual contracts paired with a dedicated financial analyst
“What we do instead was we only do annual contracts. We pair them up with a financial analyst, a finance expert, specifically for venture finance.”
Forecaster has 33 employees split evenly across growth, analysts, and engineering
“So we have 33 employees right now. So you can pretty much split it evenly between growth, financial analysts and development. Like that's really kind of like, it's almost like a third.”
Forecaster prices plans retroactively using three-month average customer expenses
“We do it retroactively. So we look at your like really like the average of the last Three months worth of expenses in order to try to like you know, deal with seasonality.”
Burchett: Forecaster's top customer contract increased from $2K to $15K annually
“So like our highest paid customer right now pays us about 15,000 dollars per year. But prior to that, they were paying the highest paid customer paid us 2000 dollars per year.”