Why you need a financial model to fundraise

Why you need a financial model to fundraise

Tl;dr: Why you need to have a financial model when you are fundraising for your startup. Investors want one and they have the cash you want. Good financial models help you to understand what you are doing to give better answers to investors which will encourage them to party with their money. Do you have to have a financial model? …

Why your financial model should forecast 3 not 5 years

Why your financial model should forecast 3 not 5 years

Tl;dr: Build a 3-year financial model and not a 5 year one. It’s easier to build and defend. More years mean more uncertainty and more questions. How many years should you be forecasting in your financial model when building a model for investors? This is a pretty nerdy question, and whilst it might seem trivial, it’s actually a core one …