Late Summer Brevity

Metrics

Traction

• Unique Buildings: 6,794 (Jul, +68 MoM)
• Annual Run Rate:

Financials

• Monthly net burn (accrual basis):
• Year-to-last-month net burn (cash basis):
• 2025 Transaction fees to date:
• Outstanding invoices as of today:

Development

• Bug Count (P-0 and P-1): 1

Last Week’s Highs and Lows

• Release 101 unleashed a wave of massive speed improvements (Average HTTP Response Times went from ~3s to ~250ms), in addition to new scopes, bug fixes, and project progress. (FH)
• We had an unplanned but ultimately packed demo brown bag session on Friday. (FH)
• NY Green Bank has renewed! They are a green lender who uses Momentum to look for and quickly evaluate projects leads.

Any missing highlights? Please share in Slack comments.

Crow’s Nest

Looking out for icebergs: What are the risks on the horizon that we’re watching for and navigating around?

François’ List

(repeats with tweaks)

• Defining the contours of back-end as a product: the NYSERDA Building Data Platform (BDP) initiative, the recent L+M analysis work, E3 research for ConEd, HPD, and other opportunities ahead of us have common themes of enabling analysis on large groups of buildings, with data integration and processing at their core. Should we turn this into a product we sell, or are we OK making it a service we offer tactically?
• Making our Code Base more welcoming: staffing is hard, making new folks successful quickly is not easy either. One of the major wins I’m hoping to get from outside senior help (Laravel architect, Senior data engineer, etc) is to help define structures that make it easier for new folks with different profiles to be productive faster and safer.
• Growing the team: the NYCA news further raises the priority of onboarding the right talent to help us deliver quickly from data processing to front-end. We’re making progress identifying places where we need the most help, we have a candidate pipeline for data processing and a Laravel architect helping us - but are we ready to welcome new folks and help them be productive?

Jason’s List

Carryovers:

• We need to move faster, and I hope we can grow the team and integrate more people quickly and smoothly!
• We’ve increased our feature set quite a bit lately, and it’s going to continue growing for some time. How can we scale our our testing to keep pace?
• AI Document Scraping How will scraping project scopes and contractor bids, which will be more difficult, go? And how quickly can we get this figured out and incorporated into the code? This is one of the areas where we can provide some real magic for users.
• Local politics There’s still a lot that could happen between now and the general election in November. NYC DOB is worried about the optics of this first year of LL97 filing and wants to make sure it goes smoothly and offers a positive takeaway.
• NYC Accelerator news is in! 🎉 We have a lot of build for this–and I realize more with each passing day–so I’m hoping our team continues to incorporate the new tools and processes, and remains vocal and open about what they are working on and what’s not working for them.
• ConEd Recompete Still waiting for news
• Portfolio/program reporting Users want the ability to look at groups of buildings in our software, whether it’s looking in their own collections for buildings that meet certain criteria or looking at trends across projects in a program. We haven’t done anything in this vein yet, but we’ll need to start. L+M, CFHF, FirstService, and more want and expect this set of features from us. And we’re starting to learn what jobs they are looking to do with the spreadsheets we’re providing so far.

On Deck for This Week

• Here’s what’s on the Company Radar
• Annual Policy review as part of our SOC-2 process on 8/25
• Review Mathieu’s analysis and recommendations on Momentum code base 8/26
• Maks 360 on 8/27
• Company breather on 8/29

Upcoming Release

• We are very close with the projects feature for the ConEd MFEEP pilot program. Soft launch with the project users (Willdan and KC3) is set for the week of 9/8, with full launch including contractors the week of 9/22.
• We’ll also be able to turn on the team scoped buildings feature for users, which I think will be a big step towards making users feel like they are part of a larger effort.

Please Leave Feedback

Please note your reaction to this update in the Slack channel. It helps us to know what is resonating, what is unclear, etc. Thanks!

• What are your highlights / low-lights?
• Did we miss a highlight? Something else you want to react to?