Indicio
company on 1 show · 11 statements across 1 episodes · said 10 times in 1 episodes since 2023
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2023 10 mentions in 1 episode
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11 statements about Indicio, every show
Franz Andersen regrets not raising a larger initial round for expert hires
“And I think to raise a bigger round in the beginning, building the dream team, Of everyone that you need to both build a product, but selling it and getting partnerships. That's where you need the real experience. So that's something that I would change.”
Andersen: Indicio raised at a $7.5 million valuation in 2022
“The latest one was with evaluation of 7.5 million us dollars.”
Indicio raised $400k total: half for operations, half for investor buyout
“So 200,000 plus the 200,000 for the first investor.”
Andersen: Indicio Valued at Over $2M in 2019 Funding Round
“Roughly around, or a little bit more than two million in valuation.”
Indicio bought out its hostile early angel investor at a 50% return
“So we bought him out and he was getting a good return. I think it was. 50% return or something like that.”
Indicio's early angel investor attempted a takeover to become CEO
“But he had his own plan upon becoming the CEO of the company and Trying to push us into, to take more of his money and.”
Indicio's first two founders split equity 50-50, granting third founder 10%
“We, the first two, we split it at fifty-fifty. And the third one was coming in on a 10%.”
Franz Andersen: Indicio is generating roughly $200k in annual revenue
“So the total revenue is roughly, I would say, 200, 200,000 dollars.”
Industrial enterprise software expansion takes one to two years per site
“So it takes roughly one to two year to get To get it from one site to the next.”
Indicio pays channel partner 50% revenue share to handle all distribution
“So we split it fifty-fifty, which is giving a lot away. But they're also taking the whole distribution. So they're taking the sales the customer success, the onboarding and the support.”