Logan Burchett
- Co-Founder and COO at Forecastr
GetLatka interview
How Forecastr Reached $1.4M Revenue and 550 Paying Customers in 2023 (Interview with Co-Founder and COO Logan Burchett)
Logan Burchett (Co-Founder and COO of Forecastr) spoke to Nathan Latka on January 24, 2023.
Forecastr figures from the interview
- Annual Revenue (2023)
- $1.4M
- Paying Customers (2023)
- 550
- Monthly Recurring Revenue (2023)
- $120,000
- Avg Contract Value (2023)
- $1,400 per year
- Team Size (2023)
- 33
“We've got about five fifty customers right now doing about 1,400,000 in revenue And we're seeing”
“So 1.4 today, we were doing about just shy of 30,000 a monthly reoccurring revenue about a year ago.”
“You're probably like high twenties now we're at about 120 of monthly reoccurring revenue.”
Bio
A little about myself: I'm an entrepreneur from Nicholasville Ky, and am currently the Founder & COO of Forecastr. Forecastr is online software that helps founders forecast revenue, predict runway, understand their numbers & get funded. My Co-Founder, Steven Plappert, and I came up with the idea in 2018. Since then we have grown a wide user base, taken Forecastr through the prestigious Techstars accelerator (<1% acceptance rate), raised over $5M in Venture Capital, and grown the team to 25 awesome people. We have active partnerships with the best in the business - including Gust, Newchip, Carta, Techstars, Foundersuite, and much more. Prior to Forecastr, I spent 3 years acting as an outsourced CFO for Pre-Seed - Series A startups in the midwest. In this capacity, I constructed hundreds of financial models and helped to raise millions in early stage capital. I have been the lead on various transactions, including M&A, Venture Debt, Joint Ventures, SPVs, etc. I hold an MBA in finance from Xavier University as well as a bachelor’s degree in economics from Transylvania University.