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Frank Ricotta

CEO & Co-Founder, BurstIQ · 1 appearance on the record.

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founderexecutiveengineerLinkedIn ↗burstiq.com ↗

A U.S. Air Force veteran, Frank Ricotta co-founded BurstIQ to develop blockchain- and AI-driven platforms for compliant health data management. He holds multiple patents in machine intelligence and cybersecurity, drawing on over three decades of leadership across defense, finance, and health tech.

10statements → 8claims → 1claims resolved → 3.7/5average certainty → 1.5/5average debate potential → 2said about them ↓

1 supported 0 partly supported 0 contradicted 2 not yet assessed 5 not checkable as stated how the 8 claims stand · each chip opens the sources

2 predictions · 6 assertions · 1 opinion · 1 disclosure · every statement was checked. The predictions and assertions are the 8 claims: statements the public record can support or contradict. 1 is resolved, 2 are not yet assessed, and 5 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Frank argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Assertion Supported
Ricotta: BurstIQ launched with $250K seed round from PV Ventures
“We started the company with a little bit of seed capital, about 200 and 50 K. Yeah. 250 K from PV ventures.”
Frank Ricotta Aug 4, 2016 ▶ 3:30 EP 376: $5M on $15M Pre Money Goal For BlockChain Based BurstIQ

Everything Frank Ricotta said on Top Founders that made the record, most notable first. Filter by type, assessment or year in the ledger →

Opinion
Ricotta: Leaning toward Gawker over Thiel on free speech grounds
“You know I, I'd probably fall down more on the free speech side, so I'd probably be more on the gawker side.”
Frank Ricotta Aug 4, 2016 ▶ 17:05 EP 376: $5M on $15M Pre Money Goal For BlockChain Based BurstIQ
Prediction Not checkable as stated
BurstIQ Targets $1M Run Rate In 2016, $1M Monthly In 2017
“Yeah, we should have no problem hitting that this year, and it looks like next year we got to get a good shot in that high seven figures are getting pretty close to seven figures a month.”
Frank Ricotta Aug 4, 2016 ▶ 7:23 EP 376: $5M on $15M Pre Money Goal For BlockChain Based BurstIQ
Prediction Not publicly verifiable
Ricotta: BurstIQ is targeting a $15M-$20M pre-money valuation for Series A
“I actually think that's going to be on the low end based on the contracts we have in process. I think we're going to be somewhere north of 15, hopefully pushing closer to 20 given what the backlog looks like for next year.”
Frank Ricotta Aug 4, 2016 ▶ 12:26 EP 376: $5M on $15M Pre Money Goal For BlockChain Based BurstIQ
Assertion Not publicly verifiable
Ricotta: UC Anschutz Is BurstIQ's First Major Enterprise Customer
“So our first large customer is the University of Colorado Anschutz medical campus, and we're helping them implement a regional network so they can implement new care models, integrate new digital health services.”
Frank Ricotta Aug 4, 2016 ▶ 2:24 EP 376: $5M on $15M Pre Money Goal For BlockChain Based BurstIQ
Assertion Not checkable as stated
Ricotta: BurstIQ is currently cash flow positive
“And really right now we're in self-sustainment mode. We're cashflow positive.”
Frank Ricotta Aug 4, 2016 ▶ 3:38 EP 376: $5M on $15M Pre Money Goal For BlockChain Based BurstIQ
Assertion Not checkable as stated
Ricotta: BurstIQ cut healthcare integration times to under 60 days
“So we've cut it down from in, in my last iteration was 12 to 18 months, and we're down to less than 60 days now.”
Frank Ricotta Aug 4, 2016 ▶ 8:20 EP 376: $5M on $15M Pre Money Goal For BlockChain Based BurstIQ
Assertion Not checkable as stated
BurstIQ Aims To Cut Its $150K-$200K CAC Under $20K
“Yeah. I think it's right now it's easy about a 150 to 200 K and with the target to get that down under 20.”
Frank Ricotta Aug 4, 2016 ▶ 9:19 EP 376: $5M on $15M Pre Money Goal For BlockChain Based BurstIQ
Disclosure
BurstIQ is targeting a $5 million Series A raise
“Targeting five.”
Frank Ricotta Aug 4, 2016 ▶ 12:42 EP 376: $5M on $15M Pre Money Goal For BlockChain Based BurstIQ
Assertion Supported
Ricotta: BurstIQ launched with $250K seed round from PV Ventures
“We started the company with a little bit of seed capital, about 200 and 50 K. Yeah. 250 K from PV ventures.”
Frank Ricotta Aug 4, 2016 ▶ 3:30 EP 376: $5M on $15M Pre Money Goal For BlockChain Based BurstIQ
Assertion Not checkable as stated
Ricotta: BurstIQ generated about $150K in revenue in its first year
“Yeah. Yeah, sure. It was a partial year. It's about a 150 K.”
Frank Ricotta Aug 4, 2016 ▶ 3:56 EP 376: $5M on $15M Pre Money Goal For BlockChain Based BurstIQ

The other half of the tape: Frank Ricotta's own voice is left out of every number here. Other people bring the name up 2 times in 1 episode on Top Founders. every mention, with the transcript →

Who brings them up most Nathan Latka 2

Every mention by year

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0112016episodes it came up in
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2016 2 mentions in 1 episode

Appearances (1)

EpisodeDateSpeaking time
EP 376: $5M on $15M Pre Money Goal For BlockChain Based BurstIQ Aug 4, 2016 8m
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