Disclosure certainty 4/5 debate potential 1/5

Forecaster has 33 employees split evenly across growth, analysts, and engineering

Logan Burchett · From $350k to $1.4m last 12 months, this forecasting tool hit 550 paying customers, $10m valuation · Feb 2, 2023 · at 9:33

Logan Burchett, co-founder of Forecaster, details the company's headcount and team composition to host Nathan Latka.

0:00 / 0:11exact quote · 11.5s
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“So we have 33 employees right now. So you can pretty much split it evenly between growth, financial analysts and development. Like that's really kind of like, it's almost like a third.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

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 Burchett Feb 2, 2023 ▶ 9:58 From $350k to $1.4m last 12 months, this forecasting tool hit 550 paying customers, $10m valuation
Assertion Supported
Burchett: Startup Pry Exited for $90 Million
“We of course know that Pry exited for ninety million.”
Logan Burchett Feb 2, 2023 ▶ 3:27 From $350k to $1.4m last 12 months, this forecasting tool hit 550 paying customers, $10m valuation
Assertion Not checkable as stated
Burchett: 98% of Financial Models Are Built in Excel
“98% of financial models are built in Excel.”
Logan Burchett Feb 2, 2023 ▶ 3:57 From $350k to $1.4m last 12 months, this forecasting tool hit 550 paying customers, $10m valuation
Disclosure
Forecaster only sells annual contracts paired with a dedicated financial analyst
“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.”
Logan Burchett Feb 2, 2023 ▶ 10:14 From $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 Burchett Feb 2, 2023 ▶ 15:09 From $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 Burchett Feb 2, 2023 ▶ 4:09 From $350k to $1.4m last 12 months, this forecasting tool hit 550 paying customers, $10m valuation
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