Franz Andersen, founder and CEO of Indicio, discloses the company's total annual recurring revenue across its customer base.
0:00 / 0:09exact quote · 9.6s
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“So the total revenue is roughly, I would say, 200, 200,000 dollars.”
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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
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.”
Franz AndersenJan 13, 2023▶ 14:01How 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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