Frank Ricotta
๐ค SpeakerAppearances Over Time
Podcast Appearances
Yeah, Burst IQ really is a platform service.
So how we make money, we build connections.
So we build connections to data for people.
And our revenue model is really based on a transactional-based service.
Yeah, sure.
You know, we have actually have several customers on the platform now.
And really, our goal, our goal has been really to recruit, recruit partners, partners who really want to build an ecosystem, ecosystem of connections.
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 services.
And so the revenue model is based on a base platform fee as well as a transactional service fee.
So one is a, go ahead.
Yeah, absolutely.
Definitely SAS business.
I started the company in April 2015.
You know, I've been working, I was working in health and working with health data for three years prior and said, well, you know, we need to go do something about this whole issue of transparency and security with all the hacks and all the data losses.
And I thought we had a good solution to go pursue that.
I have two other partners.
We started the company with a little bit of seed capital, about 250K.
Yeah, 250K from PV Ventures.