How to build your first startup financial model in an afternoon
You’ve been writing code for six months. You have a product, three people on the team, and $2K in monthly recurring revenue. An investor wants to meet next week and you know they’re going to ask about your financial model. You don’t have one. You’re not even sure what goes in one. This is a normal place to be. Most technical founders haven’t built a financial model before. The problem isn’t intelligence — it’s that startup finance has its own vocabulary and conventions, and nobody teaches them to you until someone asks for a spreadsheet you don’t have. ...