Disclosure
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.”
Insight
Andersen: Standard CRM and Planning Forecasts Ignore Macroeconomic Shifts
“The majority of the forecasting is done in a planning software or in a CRM. And the problem with those forecasts is that they do not consider what is happening in the market or the economy.”
Disclosure
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.”
Insight
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.”
Assertion Not checkable as stated
Franz Andersen: Indicio is generating roughly $200k in annual revenue
“So the total revenue is roughly, I would say, 200, 200,000 dollars.”
Disclosure
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.”
Disclosure
Indicio raised $400k total: half for operations, half for investor buyout
“So 200,000 plus the 200,000 for the first investor.”
Disclosure
Andersen: Indicio raised at a $7.5 million valuation in 2022
“The latest one was with evaluation of 7.5 million us dollars.”
What-if
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.”
Disclosure
Andersen: Indicio charges industrial clients €4,000 monthly for first site
“For the industrial companies, 4000 euros per site, and or for the first site, and for additional sites, it's a 3000 euros per month.”
Disclosure
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%.”
Disclosure
Andersen: Indicio Valued at Over $2M in 2019 Funding Round
“Roughly around, or a little bit more than two million in valuation.”
