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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, absolutely.

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

Grew it from bootstrapping for about a year and a half to really start getting it launched and ended up with offices in about 10 countries around the world.

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

So it's pretty thriving at that point in time.

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

Roughly about 30 million.

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

Well, one one was and one shortly thereafter when we want to put another small company together was a marginal exit, but a pretty solid one.

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

So we've been together about 15 years now on and off through a couple of companies.

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

We're roughly about 10 now, but four really good, what I would call ecosystem partners.

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

So we're really pushing out into scaling to different aspects of the market.

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

Annually, annually is going for the base, for the base, for the base product annually is between 250 and 1 million, 1 million a year annually.

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

No, we're focused on that right now to get the base platform up and going so we can scale behind it.

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

So it's really about connecting into legacy data sources right now and providing this great integration layer for the provider space.

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

It's going to push about $75,000.

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

Yeah, we should have no problem hitting that this year.

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

It looks like next year we've got to get a good shot in that high.

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

Seven figures are getting pretty close to seven figures a month.

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

That would be great.

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

Annual.

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

Nothing yet in terms of patterns around churn.

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

In fact, traditionally in this space, churn is very low.

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

It's a very fragmented space to sell into, but once you start getting a good customer base, they tend to be very loyal.