Pricimetrics.com Revenue (2024)

Pricimetrics had no paying customers as of February 2023. The company completed its first customer demo the week before the interview, and that prospective customer sent data to begin a pilot project. The three-person sales team was working toward closing the first sale within the following couple of months, according to Kimel.

Kimel stated that the software delivers value to companies with at least 50 SKUs and meaningful transaction volume. The platform is designed to scale from small independent retailers to businesses with 250,000 or more SKUs. Specific pricing tiers for Pricimetrics were not disclosed in the interview.

Pricimetrics is pre-revenue as of February 2023. The company has invested approximately $100,000 of founder capital to build its MVP and is bootstrapped, with no outside institutional funding closed at the time of the interview. One team member, the head coder, receives cash compensation; the remaining nine team members work for equity.

The intended commercial model targets businesses with at least 50 SKUs and meaningful transaction volume. Kimel positioned the product as a lower-cost alternative to incumbent enterprise pricing platforms, which charge annual site licenses ranging from $150,000 to $250,000. Pricimetrics aims to serve smaller companies that cannot afford those price points, though specific pricing for the Pricimetrics product was not disclosed in the interview.

Profitability, gross margin, burn rate, runway, churn, retention, LTV, CAC, ARPU, and conversion metrics were not discussed, as the company had not yet generated revenue at the time of the interview. The company had completed one customer demo the week prior to the interview and was in early pilot discussions with that prospective customer.

Pricimetrics had 10 team members as of February 2023, all of whom work part time with the exception of Kimel himself. Nine of the ten team members work for equity without cash compensation. The one paid employee is the company's head coder.

The team includes a three-person sales group. One sales team member previously served as VP of sales at a company where Kimel worked and had recently retired from that role before joining Pricimetrics. A second sales team member has a background in SaaS sales, and a third has a background primarily in finance. Kimel noted that nearly all team members are people who have known him personally for a long time.