BurstIQ Targets $1M Run Rate In 2016, $1M Monthly In 2017
Frank Ricotta · EP 376: $5M on $15M Pre Money Goal For BlockChain Based BurstIQ · Aug 4, 2016 · at 7:23
Frank Ricotta discusses BurstIQ's revenue growth trajectories and run-rate projections with Nathan Latka.
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“Yeah, we should have no problem hitting that this year, and it looks like next year we got to get a good shot in that high seven figures are getting pretty close to seven figures a month.”
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More from Frank Ricotta
Ricotta: Leaning toward Gawker over Thiel on free speech grounds
“You know I, I'd probably fall down more on the free speech side, so I'd probably be more on the gawker side.”
Ricotta: BurstIQ is targeting a $15M-$20M pre-money valuation for Series A
“I actually think that's going to be on the low end based on the contracts we have in process. I think we're going to be somewhere north of 15, hopefully pushing closer to 20 given what the backlog looks like for next year.”
Ricotta: UC Anschutz Is BurstIQ's First Major Enterprise Customer
“So our first large customer is the University of Colorado Anschutz medical campus, and we're helping them implement a regional network so they can implement new care models, integrate new digital health services.”
Ricotta: BurstIQ is currently cash flow positive
“And really right now we're in self-sustainment mode. We're cashflow positive.”