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  • 2 years ago
EP 376: $5M on $15M Pre Money Goal For BlockChain Based BurstIQ

EP 376: $5M on $15M Pre Money Goal For BlockChain Based BurstIQ

Frank Ricotta, CEO of BurstIQ, which helps professionals and businesses in the healthcare industry connect. Frank has been through the grinder as an entrepreneur. Huge crash-and-burn businesses have gotten him to this point. Famous 5: Favorite Book? – The Executive in Action What CEO do you follow? — PayPal Favorite online tool? — Slack Do you get 8 hours of sleep?—No If you could let your 20 year old self know one thing, what would it be? — Trust your instincts, and don’t lose your balance. Time Stamped Show Notes: 01:13 – Nathan introduces Frank 01:44 – BurstIQ is a platform service 02:00 – They help their customers create a network 02:53 – Founded in April 2015 03:05 – Frank had been working in health and saw an issue 03:24 – There are three founders 03:52 – First-year revenue was $150k 04:05 – Involvement in several other startups 04:25 – His “crash and burn” story 05:29 – The cofounders 05:55 – May 2016 customers: 10 06:20 – Average pay per customer is $250k to $1M 06:35 – A focus