Disclosure certainty 4/5 debate potential 1/5

Schwarz: Risk Methods co-founders invested a six-figure sum of personal savings

Heiko Schwarz · 1527 Supply Chain Risk Company Hits $7m in ARR, 130 Customers · Sep 29, 2019 · at 10:17

Heiko Schwarz is the co-founder of Risk Methods, discussing the company's early bootstrapping phase.

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“So we put in a six digit figure into the foundation.”

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More from Heiko Schwarz

Insight
Schwarz Warns Missing Venture Debt KPIs Creates Severe Founder Stress
“I had some thought and experience exchange with other founders who did venture depths, and as soon as they cross or match and miss some of the important KPIs, these players might become really, really stressful.”
Heiko Schwarz Sep 29, 2019 ▶ 13:08 1527 Supply Chain Risk Company Hits $7m in ARR, 130 Customers
Disclosure
Schwarz: Risk Methods pricing ranges from $2K to over $100K monthly
“So our offering starts with close to two grants a month for the smaller enterprises and it goes direction and even crossing six digit monthly fees.”
Heiko Schwarz Sep 29, 2019 ▶ 5:04 1527 Supply Chain Risk Company Hits $7m in ARR, 130 Customers
Assertion Not checkable as stated
Schwarz: Risk Methods averages around $5,000 per month per customer
“So on average, we are around the area of five K a month.”
Heiko Schwarz Sep 29, 2019 ▶ 6:31 1527 Supply Chain Risk Company Hits $7m in ARR, 130 Customers
Assertion Not checkable as stated
Schwarz: Risk Methods' average $5K/mo customer has $2B in turnover
“Their typical size is in the area of two billion turnover.”
Heiko Schwarz Sep 29, 2019 ▶ 6:46 1527 Supply Chain Risk Company Hits $7m in ARR, 130 Customers
Assertion Not checkable as stated
Schwarz: Risk Methods serves 430 enterprise customers in Europe and North America
“So we, today, as of today, we serve from customer base of 430 enterprises across, which are headquartered across Europe and North America.”
Heiko Schwarz Sep 29, 2019 ▶ 9:17 1527 Supply Chain Risk Company Hits $7m in ARR, 130 Customers
Disclosure
Risk Methods Has Raised Over $20M in Total Funding
“So far we raised north of twenty million dollars through in series A and series B. We went through in series B springtime last year and we raised around fifteen million dollars into the series B.”
Heiko Schwarz Sep 29, 2019 ▶ 10:50 1527 Supply Chain Risk Company Hits $7m in ARR, 130 Customers
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