We asked Pital & Co founder, Joe Schnetzler, a few questions about building an app that helps entrepreneurs, investors, and founders project their revenue and cash flow. Joe is a serial entrepreneur with a background in fintech, construction tech, and data science. After building his first startup, Duct, on Bubble, he quickly discovered that the no-code platform could save him time and money, so he went ahead and used Bubble to launch his next project, Pital & Co.
What problem does your company solve?
Joe Schnetzler: In an effort to keep their financial forecasts and valuations up to date, people are constantly engaging in the painstaking process of hiring and updating firms, employees, and freelancers. Pital & Co gives entrepreneurs, investors, and founders the ability to get financial forecasts and valuations in seconds. With the help of machine learning tools, you are able to stay on budget and know the worth of your business--in real-time.
How does your app work?
After signing up, you are guided through our initial onboarding process before you head over to our Projections tab, where you input your past financials, marketing budget, and any other relevant information. Using this information, our algorithms automatically project your Revenue for the next 5 years, as well as your Cash Flow. Once you are finished with your projections, you can head over to the Financials section, where you are free to import your projections and input additional information. Hit submit, and boom! Your valuation will be computed and your valuation summary will appear.
Our financial forecasts are free and your first valuation submission is on us!
Tell us a little about your background and how you discovered no-code tools like Bubble.
I discovered Bubble while I was looking for ways to speed up the development process as I built my other startup, Duct. After learning about Bubble, I built an Instagram clone in roughly one 1 hour and discovered the true strength of Bubble. From then on, I decided that I would use Bubble to develop my businesses. With Bubble, I can bootstrap my company without needing to pursue venture capital funding.
Why did you build your app on Bubble?
After seeing how simple and easy it was to build on Bubble, I reassured myself that I would never develop something by hand again, unless I absolutely needed to. Using Bubble saves time and money, especially when compared to more traditional programming methods. With Bubble, I can serve my users’ needs without the extra hassle.
What has been your traction or success so far?
So far, our traction has been pretty strong. From our first weeks in public beta, we’ve seen a massive amount of signups and have received helpful feedback on the product. We have been featured in multiple outlets and are growing substantially everyday. In fact, we’ve had to limit the number of people who are using the app, so we decided to implement a limited offer of lifetime access price for $49, redeemable on our website. So, if you need a valuation or forecast in the near or distant future, now is the time to act!
What are your future plans for your app?
We’re currently in the process of adding additional metrics to our financial projection feature. Our goal is to get full P&L forecasts on the platform. We’re planning to add full Balance Sheet and Cash Flow Statement forecasts as well. These features will help us provide a well rounded financial analysis and modeling platform for our users.
Bubble is a leader in the no-code movement. Bubble offers a powerful point-and-click web editor and cloud hosting platform that allows users to build fully customizable web applications and workflows, ranging from simple prototypes to complex marketplaces, SaaS products, and more. Over 400,000 users are currently building and launching businesses on Bubble - many have gone on to participate in top accelerator programs, such as Y Combinator, and even raise $365M in venture funding. Bubble is more than just a product. We are a strong community of builders and entrepreneurs that are united by the belief that everyone should be able to create technology.