Assertion certainty 4/5 debate potential 1/5

Burchett: Forecaster's top customer contract increased from $2K to $15K annually

Logan Burchett · From $350k to $1.4m last 12 months, this forecasting tool hit 550 paying customers, $10m valuation · Feb 2, 2023 · at 6:27

Logan Burchett, co-founder of Forecaster.co, breaks down the impact of introducing tiered pricing on contract size.

0:00 / 0:08exact quote · 8.9s
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“So like our highest paid customer right now pays us about 15,000 dollars per year. But prior to that, they were paying the highest paid customer paid us 2000 dollars per year.”

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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