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Forecaster

9 statements across 1 episodes · 4 bullish · 0 bearish · 1 people on the record · first statement Feb 2, 2023 by Logan Burchett · said 7 times in 1 episodes since 2023 · across every show →

Mentions by year

brought up most by Logan Burchett (6), Nathan Latka (1)

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2023 7 mentions in 1 episode

every mention, scene by scene, with the transcript →

Everything said about Forecaster, oldest first

Feb 2, 2023 positive
Assertion Not checkable as stated
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.”
Logan Burchett Feb 2, 2023 ▶ 4:34 From $350k to $1.4m last 12 months, this forecasting tool hit 550 paying customers, $10m valuation
Feb 2, 2023 positive
Disclosure
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.”
Logan Burchett Feb 2, 2023 ▶ 10:14 From $350k to $1.4m last 12 months, this forecasting tool hit 550 paying customers, $10m valuation
Feb 2, 2023
Assertion Supported
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.”
Logan Burchett Feb 2, 2023 ▶ 14:11 From $350k to $1.4m last 12 months, this forecasting tool hit 550 paying customers, $10m valuation
Feb 2, 2023 neutral
Disclosure
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.”
Logan Burchett Feb 2, 2023 ▶ 5:27 From $350k to $1.4m last 12 months, this forecasting tool hit 550 paying customers, $10m valuation
Feb 2, 2023
Disclosure
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.”
Logan Burchett Feb 2, 2023 ▶ 8:53 From $350k to $1.4m last 12 months, this forecasting tool hit 550 paying customers, $10m valuation
Feb 2, 2023 bullish
Disclosure
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.”
Logan Burchett Feb 2, 2023 ▶ 15:09 From $350k to $1.4m last 12 months, this forecasting tool hit 550 paying customers, $10m valuation
Feb 2, 2023 neutral
Disclosure
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.”
Logan Burchett Feb 2, 2023 ▶ 9:33 From $350k to $1.4m last 12 months, this forecasting tool hit 550 paying customers, $10m valuation
Feb 2, 2023
Assertion Not publicly verifiable
Burchett: Forecaster closed seed round at $10M post-money valuation
“It was at a ten million dollar post.”
Logan Burchett Feb 2, 2023 ▶ 14:53 From $350k to $1.4m last 12 months, this forecasting tool hit 550 paying customers, $10m valuation
Feb 2, 2023 positive
Assertion Not checkable as stated
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.”
Logan Burchett Feb 2, 2023 ▶ 6:27 From $350k to $1.4m last 12 months, this forecasting tool hit 550 paying customers, $10m valuation
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