Internal Documentation

Iterating Product Strategy

June 14, 2024 (Review of Week 24)

Marc and I have been talking a lot about getting sharper on product strategy. We have a lot of traction in different places, and our product strategy needs to bring all of that together into a coherent plan for capturing markets and outcompeting competitors!

If you haven’t seen it yet, pls go review François’s recap of the bid aggregation features we’ll need to work on (sometime after Generic Project v0 and CPC tweaks) – there’s a ways to go yet before building the software for multi-owner aggregation is our priority, but I think it’s an important piece for us to keep in mind. Listen on Bluedot.

Revenue

  • Unique Buildings (6/1): 5130

  • Current subscription ACV: $425.3k

  • 2024 ARR: $152k

  • 2024 Transaction fees: $1,337.34

  • Outstanding invoices as of today: $127k

This Week’s Highlights

  • Our first NPS survey. Please respond!

  • Wrapping up Urban’s bid process. Still reeling from how quick it has been 🎉 (but it sounds like it got stuck at contract signing?)

  • Promising noises on the fundraising front. Had a good meeting with Laconia (and liked the partner quite a bit), _really_ good meeting with Schmidt, and additional meetings scheduled for next week!

  • NYSERDA RFP 5701: Melissa has collected contributions from our partners! I haven’t had a chance to dig into it yet, but me and Claude are ready to party over the weekend.

  • Certified as MBE in Massachusetts! I can’t even remember when we applied, but everyone involved has been super nice and so curious about our work! So there’s that….

My Watchlist

Unchanged from last week:

  • Meeting CPC’s needs. Can’t overstate how important it is to have a happy CPC – sounds like we are making good progress! Robin Neri and I will need to babysit this while Jason is on vacation :)

  • Partnerships: Accelerator, GGRF, NYSERDA Data RFP. Lots of strategizing about relationships and winning teams. Melissa and I are both planning to work on the NYSERDA RFP this weekend.

  • Onboarding: Looking forward to getting more feedback, both from ML+KJ and from SOC2 process. Seems like we are starting to get tickets?

  • Dev pipeline: I’m looking to the prod team to keep on improving communication and process! Getting closer to both of the big projects launching…

  • Metrics: I think we’ve stalled a bit, but that’s OK for right now.

  • Don’t be a series of small businesses: Marc and I are shopping for some founder coaching to make sure we’re staying on a venture-scale path.

On Deck for Next Week

  • Investor meetings for me all week, plus follow-ups and preparing quarterly newsletter.

  • Working session with Willdan for the NYC Accelerator concept.

  • NYSERDA RFP 5701: Please keep an eye out for requests from Melissa Qurk as we get it into shape next week.

  • Reminder that the “office” is closed Juneteenth

And here’s what’s on my radar screen - what am I forgetting?

Please Leave Feedback

Feel free to leave comments below (edit on a layer to add your notes), or leave a comment.

  • Did I miss a highlight?

  • Did I miss something that should be on my watchlist?

  • Something else you want to react to?

Chuck Lin  
Demetria Wambia  
Erika Parkins  
François Huet  
Jason Block The CPC needs will take more work, but it’s the right work for us to be doing. I think it’ll help get our features in better shape for the national product. Thank you for keeping it moving while I’m out!
Jeffry Luna Exciting times! Good luck on the fundraising guys!! -
Jeremy Parker
Katherine Jones  
Luke Floden Do we have any visualization for the stats in the Revenue section? Something that easily shows how we are doing in context to our recent past?
Maksym Khrystunov  
Marc Zuluaga  
Martine Lunis  
Melissa Qurk  
Naina Shah  
Paul Grech  
Reuben Firmin  
Robin Neri