Disclosure certainty 4/5 debate potential 1/5

Forecaster.co Reaches 550 Customers and $1.4M in Revenue

Logan Burchett · From $350k to $1.4m last 12 months, this forecasting tool hit 550 paying customers, $10m valuation · Feb 2, 2023 · at 4:09

Forecaster.co co-founder Logan Burchett discloses the company's scale and customer traction to Nathan Latka.

0:00 / 0:04exact quote · 4.1s
720p mp4 · rendered on demand · StarZero watermark
“We've got about 550 customers right now doing about 1.4 million in revenue.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Logan Burchett

Insight
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…”
Logan Burchett Feb 2, 2023 ▶ 9:58 From $350k to $1.4m last 12 months, this forecasting tool hit 550 paying customers, $10m valuation
Assertion Supported
Burchett: Startup Pry Exited for $90 Million
“We of course know that Pry exited for ninety million.”
Logan Burchett Feb 2, 2023 ▶ 3:27 From $350k to $1.4m last 12 months, this forecasting tool hit 550 paying customers, $10m valuation
Assertion Not checkable as stated
Burchett: 98% of Financial Models Are Built in Excel
“98% of financial models are built in Excel.”
Logan Burchett Feb 2, 2023 ▶ 3:57 From $350k to $1.4m last 12 months, this forecasting tool hit 550 paying customers, $10m valuation
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
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
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
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 2,600 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.