Disclosure certainty 4/5 debate potential 1/5

Chaser raised $120K from a VC and two angel investors

Josh Martel · How Chaser hit $294K revenue and 3 person team in 2023 · Oct 16, 2023 · at 8:32

Josh Martel, founder of Chaser, details his company's fundraising history and capitalization.

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“So we raised a 120,000 dollars so far. A hundred from a VC and 20 from a pair of angels.”

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More from Josh Martel

Prediction Not checkable as stated
Chaser can beat Trello's Slack app because it lacks stickiness
“What I think, though, is we can beat Trello in the app store, and that's because Yeah, I've used the Trello app. It isn't sticky. It doesn't, it's just pinging a channel whenever somebody you know, moves a card across the Trello board. It only really stayed on…”
Josh Martel Oct 16, 2023 ▶ 15:52 How Chaser hit $294K revenue and 3 person team in 2023
Assertion Contradicted
Chaser is a project management tool that requires only one user
“Chaser is the only project management software that only one user needs to use”
Josh Martel Oct 16, 2023 ▶ 3:05 How Chaser hit $294K revenue and 3 person team in 2023
Disclosure
Chaser raised a $100K VC round at a $7M valuation cap
“We did that on a seven mil valuation cap.”
Josh Martel Oct 16, 2023 ▶ 8:59 How Chaser hit $294K revenue and 3 person team in 2023
Assertion Not checkable as stated
Thriver's revenue dropped 97% when the COVID-19 pandemic hit
“The issue was that our revenue tanked 97% when COVID hit.”
Josh Martel Oct 16, 2023 ▶ 2:03 How Chaser hit $294K revenue and 3 person team in 2023
Opinion
Project management software is broken because teams resist workflow changes
“Projects management software is widely broken right now. And that's because most teams don't care enough to adapt their workflow around it.”
Josh Martel Oct 16, 2023 ▶ 2:34 How Chaser hit $294K revenue and 3 person team in 2023
Assertion Not checkable as stated
Chaser's Slack MVP maintained 43% user retention at week 16
“And what I can tell you is that for 16 weeks of using our MVP, we still have 43% retention.”
Josh Martel Oct 16, 2023 ▶ 4:44 How Chaser hit $294K revenue and 3 person team in 2023
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