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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

There is and there isn't.

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

I think that's one of the unique things we've done is we made that integration effort relatively easy by incorporating some of the new emerging standards in healthcare space like FHIR.

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

So we've cut it down from in my last iteration was 12 to 18 months, and we're down to less than 60 days now.

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

Yeah, it's a, it's really kind of twofold.

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

So it's a couple of the partners we, you know, we, we go out in terms of direct sell mode.

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

Um, and we do have, uh, we do have a bit of inside sales, uh, support as well.

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

And then, um, and then through partners through indirect.

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

So we're, we're co-selling in, um, in a couple, a couple areas as well.

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

Yeah.

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

I think it's right now it's, it's easy about 150 to 200 K and, and with the target to get that, get that down under 20.

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

Yep.

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

And it takes, it takes a while at this stage and we're, we're still small.

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

So we, we have to sell it.

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

We have to sell the big vision and then hopefully they'll buy into the current state of the solution and we can get there.

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

I have five core team members and then an extended team of about 12.

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

Oh, that's a, that's an awesome question.

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

You know, at this stage, at this stage, you know, we're betting, obviously betting on our ability to execute.

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

So we, we've run it pretty thin.

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

So we've been in, in the first six months, you know, looking at the bank account, we just had a few hundred dollars in there at one particular point in time.

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

Well, maybe after we go get some institutional capital, but no, at this stage, it's really just working to keep your head above water and cash flow and trying to invest the profits we are making back into key growth elements.