Chris Feddersfield

10 statements across 1 episodes · 3 bullish · 1 bearish · 1 people on the record · first statement Jun 29, 2021 by Chris Federspiel · said 4 times in 1 episodes since 2021 · across every show →

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2021 4 mentions in 1 episode

What Happened: Only $7k in Bank, Now $4.5m ARR, 100% YoY Growth Jun 29, 2021 · 4 mentions · from 7:37
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Everything said about Chris Feddersfield, oldest first

Jun 29, 2021 neutral

Assertion Not checkable as stated

Blackthorn's monthly expenses are approximately $450,000 to $490,000

“Our monthly expense now is like four 5490 K.”

Chris Federspiel Jun 29, 2021 ▶ 16:04 What Happened: Only $7k in Bank, Now $4.5m ARR, 100% YoY Growth

Jun 29, 2021

Disclosure

Blackthorn received loose acquisition inquiries ranging from $45M to $50M

“If I had to guess I had loose inquiries coming around 45 to 50, but”

Chris Federspiel Jun 29, 2021 ▶ 21:32 What Happened: Only $7k in Bank, Now $4.5m ARR, 100% YoY Growth

Jun 29, 2021 neutral

Disclosure

Blackthorn gave 6% equity to LAUNCH Accelerator for a $100K investment

“Their agreement is pretty standard. They're six percent for a hundred K.”

Chris Federspiel Jun 29, 2021 ▶ 15:24 What Happened: Only $7k in Bank, Now $4.5m ARR, 100% YoY Growth

Jun 29, 2021 bullish

Disclosure

Blackthorn ended 2020 at $3.6M ARR and targets $7.2M for 2021

“I think it was 3.6. And I think our goal for end of this year is 7.2. Cause we're trying to do a hundred percent year over year.”

Chris Federspiel Jun 29, 2021 ▶ 3:29 What Happened: Only $7k in Bank, Now $4.5m ARR, 100% YoY Growth

Jun 29, 2021 positive

Disclosure

Blackthorn employees invested $180,000 of their own money in late 2019

“Well, we had an employee round and they bought like another 180 K.”

Chris Federspiel Jun 29, 2021 ▶ 16:00 What Happened: Only $7k in Bank, Now $4.5m ARR, 100% YoY Growth

Jun 29, 2021

Disclosure

Blackthorn survived 2018 with just $7,000 in the bank and seven employees

“At the end of 2018, we almost died. We had like seven came the bank account. We had seven people. I think people took voluntary Pay deductions.”

Chris Federspiel Jun 29, 2021 ▶ 8:54 What Happened: Only $7k in Bank, Now $4.5m ARR, 100% YoY Growth

Jun 29, 2021

Assertion Not checkable as stated

Blackthorn reached $700K ARR in mid-2019 after fixing its sales process

“We brought on Cesar DeVoto who fixed our sales process. So we had 700 K ARR then. In mid 2019.”

Chris Federspiel Jun 29, 2021 ▶ 2:44 What Happened: Only $7k in Bank, Now $4.5m ARR, 100% YoY Growth

Jun 29, 2021 negative

Disclosure

Blackthorn was rejected by roughly 100 investors during early fundraising

“Yeah, I pitched something like a hundred investors and every single one of them said no, partly because I'm not very good at sales, partly because our vision wasn't nailed down.”

Chris Federspiel Jun 29, 2021 ▶ 15:33 What Happened: Only $7k in Bank, Now $4.5m ARR, 100% YoY Growth

Jun 29, 2021 bullish

Disclosure

Blackthorn targets $35M ARR by June 2024 through 100% YoY growth

“See, I gave the team a goal of hitting 35 ARR by June, 20, 24, which gives three years of a hundred percent year over year.”

Chris Federspiel Jun 29, 2021 ▶ 22:29 What Happened: Only $7k in Bank, Now $4.5m ARR, 100% YoY Growth

Jun 29, 2021

Disclosure

Blackthorn killed five parallel products in 2018 to focus purely on events

“And at the time we were building five other products, all of which we killed at one time and decided to focus on events as a layer that would sit on top of payments.”

Chris Federspiel Jun 29, 2021 ▶ 9:42 What Happened: Only $7k in Bank, Now $4.5m ARR, 100% YoY Growth

Chris Feddersfield

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