Franz Andersen, CEO of Indicio, explains how the startup resolved conflict with their seed angel investor by buying him out.
0:00 / 0:11exact quote · 11.3s
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“So we bought him out and he was getting a good return. I think it was. 50% return or something like that.”
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More from Franz Andersen
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.”
Franz AndersenJan 13, 2023▶ 13:14How he bought out his $130k Seed Investor with $200k in new money, $7.5m valuation
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.”
Franz AndersenJan 13, 2023▶ 3:24How he bought out his $130k Seed Investor with $200k in new money, $7.5m valuation
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.”
Franz AndersenJan 13, 2023▶ 6:18How he bought out his $130k Seed Investor with $200k in new money, $7.5m valuation
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.”
Franz AndersenJan 13, 2023▶ 9:59How he bought out his $130k Seed Investor with $200k in new money, $7.5m valuation
AssertionNot 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.”
Franz AndersenJan 13, 2023▶ 10:41How he bought out his $130k Seed Investor with $200k in new money, $7.5m valuation
Disclosure
Indicio raised $400k total: half for operations, half for investor buyout
“So 200,000 plus the 200,000 for the first investor.”
Franz AndersenJan 13, 2023▶ 15:12How he bought out his $130k Seed Investor with $200k in new money, $7.5m valuation
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