Fluxo

Financial Planning for Startups

Visit Website
April 24, 2020 Launched on QuickBooks App Store

This was such a loooong process. We had to go over process review, technical review , security review, and marketing review.

And in between those, multiple emails so they didn't forget about our application.

The one review that I liked, though, was security review, because it basically gave us a free security audit and we were able to address some potential risks.

Now we have to wait and see if it was worth it. https://apps.intuit.com/app/apps/appdetails/fluxo/en-us

5 Comments

  1. 1

    Nice job! How is it going today? I'm wondering if the Quickbooks App Store is active at all. It seems like the top apps are all platforms of their own (Quickbooks itself, Gusto, Expensify).

  2. 1

    Gustavo - I realize I'm quite late here. We are exploring the Quickbooks store at Gravity Legal. Would you say the process has been worth it? What kinds of opportunity has it brought to you?

    Thank you!

    1. 1

      I think it was worth it:

      • It wasn't that much work. Probably ~ 40 hours total.
      • When users ask us about security, telling them we passed Intuit's audit is a very good answer.
      • We get ~ 2 or 3 signups per month from the store (not many, but very targeted, we usually convert ~ 1 of them into a customer).
      • Have also gotten some investor interest coming from the store.
      • Besides that, there are customers that might not come from the store, but will check the store to see if we are legit. We are not in the Xero marketplace and some prospects questioned us for it.

      Only annoying thing was at the end, when I felt like if we didn't kept following up they would just forget our application was hanging.

      Happy to answer any other specific questions.

      1. 1

        Gustavo - I actually do have another question: 40 hours of work - did that include dev time or is that simply the process to prep your app and work it through the Intuit system?

      2. 1

        This is great, Gustavo. And thank you for the offer to answer more specific questions. We need to dig in but I may just take you up on your offer later.

        Good luck and thanks again!

March 18, 2020 Launched on ProductHunt today!

We've just launched on Product Hunt: https://www.producthunt.com/posts/fluxo-3

The day didn't start as planned, Product Hunt is having issues with 504 errors, which leaves us on a little bit of a limbo.

Do I tell people about the launch and risk them seeing a 504 page? Or wait until later with the risk that the problem is not going away?

I'd love more feedback and questions ✌

Comment

March 3, 2020 Launched Free Trial, Got 1 Signup

We launched our free trial at https://www.fluxo.ai.

I sent 10 emails to our most recent waitlist subscribers and got 1 signup!! Great first day :).

Some of the others complained either that our pricing is high, that 7 days is not enough of a free trial, or that they didn't want to give a credit card for a free trial, though.

I tend to agree with them, but our application is very processing intensive, so my fear is that if I allow too many people to try for free and they don't stick, my AWS bill is going to be too high.

We'll keep monitoring how people respond to this issues. I'd love to hear some feedback.

Comment

February 25, 2020 Launched our demo 📼

Fluxo, the fastest way to create a financial model, is now ready for us to demo. And will be available for free trials very soon!

I'd love any feedback, especially if you have ever created a financial model for your business or want to create one.

Ps: We're opening up for more private betas - subscribe on www.fluxo.ai

https://youtu.be/5lch7owHzOA

Comment

December 3, 2019 Got our first customer!

Just came out of a meeting with our first customer! It's super exciting because our product still has a long way to go, but the customer is happy to test it out in exchange for my help with their financial models, which I'm happy to do.

The big learning for me is that until my product is ready to sell for itself, I can sell my expertise to compensate for it.

Comment

November 18, 2019 Launched our beta

Our product is now ready to start testing with some selected customers.

Our product has 3 main parts:

  1. Inputting historical data (Actuals)
  2. Creating and maintaining a financial model, with assumptions and projections (Plans)
  3. Creating Summaries, Reports, and Sharing

Our focus for our beta is #2, and I'm going to be working manually on #1 and #3 to make sure customers get the most out of it and can give me good feedback on #2. The goal is to get to the end of the beta with 10 users that are willing to pay for #2 alone.

Learnings:
It took a while to click that the product had these 3 almost independent parts and that if I wanted to launch all 3 at once it would take too long for us to launch and get feedback. So the learning is to find out what's the smallest part of your product that people need to love so that everyone else can work and focus on that first.

Btw: We can still fit a few more people on our beta, it's free and I'll work personally to work with you to improve or develop your financial models. If you are interested, I'm asking everyone on the beta to fill out this survey: https://airtable.com/shrmlvmSGF0g80O9L

Comment

November 10, 2019 20 Beta Signups

We started picking up a lot of pace in the last 6 weeks. I joined a program called Startup Boost in Detroit, in which I would go every Wednesday night for a pitch and receive feedback. One thing that I didn't expect was that after every pitch 2 or 3 people from the audience raised their hands and told me they were my target customers. That's how most of our 20 beta signups happened.

At the same time, the feedback from all these different potential customers helped us accelerate product development and now we are on track to start releasing our beta next week!

2 Comments

  1. 1

    Hello,

    Congratulations.

    I am currently consulting / freelancing in Finance with some tech startups in the bay area, helping them especially with reportings, financial models and forecast.

    If you need some help or looking to bounce some ideas, I am well versed on the topic. Feel free to reach out.

    Ibrahim

    https://www.linkedin.com/in/icisse

    1. 1

      Thanks!

      I'd love to chat and get some feedback on the product. I'll reach out in private.

      Gustavo

About

Financial modeling is tedious and entrepreneurs don't have time for it. Fluxo exists to make the whole process easier and faster, with an easy to use interface to draw forecasts from data + assumptions.