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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

You have to be really smart about where you're putting the money.

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

Yeah, we can hang under that 75 if we need to, but we push it a little more.

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

Obviously, we've got to invest in some of the growth areas.

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

Just in the early stages of getting ready to launch our Series A raise.

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

As you know, we're part of 500 Startups.

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

No, no, that's second.

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

Yeah, you know, I think valuations for business like ours are going to start changing a bit.

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

Well, in some respects, you know, given the fact that we started with blockchain as part of our foundation, I'm looking at some of the valuation models that people are projecting, and it's really about how many folks you got connected to the platform.

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

Not unlike some of the network-based businesses.

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

So that's really how we'll base that valuation as one key component, as well as what the revenue outlook looks like on that per connection basis.

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

I actually think that's going to be on the low end based on the contracts we have in process.

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

I think we're going to be somewhere north of 15, hopefully pushing closer to 20, given what the backlog looks like for next year.

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

Well, now I know that's pushing it, but what the heck you got to, you have to push.

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

Actually, we're mostly based in Colorado.

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

Oh, very good.

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

Which part?

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

Oh, yeah.

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

Denver's an awesome, very vibrant city.

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

It's got a great digital health community, particularly with the collaborative, Prime Health Collaborative, and this new industry integrator called Catalyst HTI.