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Frank Ricotta

๐Ÿ‘ค Speaker
134 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 376: $5M on $15M Pre Money Goal For BlockChain Based BurstIQ

Yeah, Burst IQ really is a platform service.

SaaS Interviews with CEOs, Startups, Founders
EP 376: $5M on $15M Pre Money Goal For BlockChain Based BurstIQ

So how we make money, we build connections.

SaaS Interviews with CEOs, Startups, Founders
EP 376: $5M on $15M Pre Money Goal For BlockChain Based BurstIQ

So we build connections to data for people.

SaaS Interviews with CEOs, Startups, Founders
EP 376: $5M on $15M Pre Money Goal For BlockChain Based BurstIQ

And our revenue model is really based on a transactional-based service.

SaaS Interviews with CEOs, Startups, Founders
EP 376: $5M on $15M Pre Money Goal For BlockChain Based BurstIQ

Yeah, sure.

SaaS Interviews with CEOs, Startups, Founders
EP 376: $5M on $15M Pre Money Goal For BlockChain Based BurstIQ

You know, we have actually have several customers on the platform now.

SaaS Interviews with CEOs, Startups, Founders
EP 376: $5M on $15M Pre Money Goal For BlockChain Based BurstIQ

And really, our goal, our goal has been really to recruit, recruit partners, partners who really want to build an ecosystem, ecosystem of connections.

SaaS Interviews with CEOs, Startups, Founders
EP 376: $5M on $15M Pre Money Goal For BlockChain Based BurstIQ

So our first large customer is the University of Colorado Anschutz Medical Campus.

SaaS Interviews with CEOs, Startups, Founders
EP 376: $5M on $15M Pre Money Goal For BlockChain Based BurstIQ

And we're

SaaS Interviews with CEOs, Startups, Founders
EP 376: $5M on $15M Pre Money Goal For BlockChain Based BurstIQ

helping them implement a regional network so they can implement new care models, integrate new digital services.

SaaS Interviews with CEOs, Startups, Founders
EP 376: $5M on $15M Pre Money Goal For BlockChain Based BurstIQ

And so the revenue model is based on a base platform fee as well as a transactional service fee.

SaaS Interviews with CEOs, Startups, Founders
EP 376: $5M on $15M Pre Money Goal For BlockChain Based BurstIQ

So one is a, go ahead.

SaaS Interviews with CEOs, Startups, Founders
EP 376: $5M on $15M Pre Money Goal For BlockChain Based BurstIQ

Yeah, absolutely.

SaaS Interviews with CEOs, Startups, Founders
EP 376: $5M on $15M Pre Money Goal For BlockChain Based BurstIQ

Definitely SAS business.

SaaS Interviews with CEOs, Startups, Founders
EP 376: $5M on $15M Pre Money Goal For BlockChain Based BurstIQ

I started the company in April 2015.

SaaS Interviews with CEOs, Startups, Founders
EP 376: $5M on $15M Pre Money Goal For BlockChain Based BurstIQ

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.

SaaS Interviews with CEOs, Startups, Founders
EP 376: $5M on $15M Pre Money Goal For BlockChain Based BurstIQ

And I thought we had a good solution to go pursue that.

SaaS Interviews with CEOs, Startups, Founders
EP 376: $5M on $15M Pre Money Goal For BlockChain Based BurstIQ

I have two other partners.

SaaS Interviews with CEOs, Startups, Founders
EP 376: $5M on $15M Pre Money Goal For BlockChain Based BurstIQ

We started the company with a little bit of seed capital, about 250K.

SaaS Interviews with CEOs, Startups, Founders
EP 376: $5M on $15M Pre Money Goal For BlockChain Based BurstIQ

Yeah, 250K from PV Ventures.

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