Logan Burchett describes Forecaster's hybrid SaaS-and-services onboarding model to Nathan Latka.
0:00 / 0:07exact quote · 7.6s
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“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.”
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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 BurchettFeb 2, 2023▶ 9:58From $350k to $1.4m last 12 months, this forecasting tool hit 550 paying customers, $10m valuation
AssertionSupported
Burchett: Startup Pry Exited for $90 Million
“We of course know that Pry exited for ninety million.”
Logan BurchettFeb 2, 2023▶ 3:27From $350k to $1.4m last 12 months, this forecasting tool hit 550 paying customers, $10m valuation
AssertionNot checkable as stated
Burchett: 98% of Financial Models Are Built in Excel
“98% of financial models are built in Excel.”
Logan BurchettFeb 2, 2023▶ 3:57From $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 BurchettFeb 2, 2023▶ 15:09From $350k to $1.4m last 12 months, this forecasting tool hit 550 paying customers, $10m valuation
Disclosure
Forecaster.co Reaches 550 Customers and $1.4M in Revenue
“We've got about 550 customers right now doing about 1.4 million in revenue.”
Logan BurchettFeb 2, 2023▶ 4:09From $350k to $1.4m last 12 months, this forecasting tool hit 550 paying customers, $10m valuation
AssertionNot 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 BurchettFeb 2, 2023▶ 4:34From $350k to $1.4m last 12 months, this forecasting tool hit 550 paying customers, $10m valuation
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