Mon, 21 February 2022
Back of the Envelope Financial Model
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.
In setting up a fundraising plan at a high level, you set a revenue target five years out.
You then draw a line from today to that five-year mark.
Your fundraise and hiring plan will come from that.
To calculate this quick and dirty version of the financial model, follow these steps:
If the amount is greater than one million dollars, then break the fundraise into two rounds.
This will give you a rough idea of how much you need to raise and how many people you will need to hire.
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