Everything Logan Burchett said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Burchett: Pure self-serve financial modeling software fails seed-stage founders
“And we just knew that if you plop somebody and kind of like a deeper, like financial analysis software, they're going to fall flat on their face. It's kind of like a specialized business function. So having a seed stage founder jump in and just say, here's the…”
Burchett: Startup Pry Exited for $90 Million
“We of course know that Pry exited for ninety million.”
Burchett: 98% of Financial Models Are Built in Excel
“98% of financial models are built in Excel.”
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.”
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.”
Forecaster.co Reaches 550 Customers and $1.4M in Revenue
“We've got about 550 customers right now doing about 1.4 million in revenue.”
Forecaster ARR expanded from ~$360K to $1.4M in one year
“So we were, so 1.4 today, we were doing about just shy of 30,000 a monthly reoccurring revenue about a year ago. So like high twenties now we're at about one 20 a monthly reoccurring revenue.”
Burchett: Forecaster adopted expense-based pricing model inspired by Pry
“Here in November, we really started rolling out our variable pricing model, which similar to Pry, this is inspired by Pry, we're going to be pricing our annual contracts based off of the monthly expenses of the customer.”
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.”
Burchett: Forecaster closed seed round at $10M post-money valuation
“It was at a ten million dollar post.”
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.”
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.”
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.”