Mon, 14 February 2022
Best Practices for Building a Financial Model Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. Here are some best practices in building a financial model for your startup. Consider setting up the model to use for managing the business as well as the fundraise. Design the layout so you can test assumptions and scenarios. Capture your assumptions into the model so you can change them when the business conditions change. Use conditional features of the spreadsheet to highlight in color the status of the metric or result. Highlight key numbers such as revenue, margins, and cash flow. Embed metric calculations into the spreadsheet, so it automatically calculates often-used metrics. Set up the spreadsheet so you can have multiple scenarios. Apply checksums to verify your spreadsheet is accurate. Be sure to use a standard font and a clean design throughout the spreadsheet, as investors will correlate a clean-looking spreadsheet with accuracy of numbers. While these practices will take a little more time, the benefits outweigh the cost. For more episodes from Investor Connect, please visit the site at: http://investorconnect.org Check out our other podcasts here: https://investorconnect.org/ For Feedback please contact info@tencapital.group Please follow, share, and leave a review. Music courtesy of Bensound.
Direct download: Best_practices_for_building_a_financial_model.mp3
Category:general -- posted at: 6:00am CST |
Mon, 14 February 2022
On this episode of Investor Connect, Hall welcomes Adam Judelson, President and COO at mePrism. Adam is a serial entrepreneur. He has spent his career protecting the public interest with data, from his time as a national security analyst in the government to Palantir Technologies where he headed up the most profitable product line, to his role as an Adjunct Professor at Georgetown teaching a course he pioneered called Disruptive Analytics. Adam brings a unique blend of mission orientation, product and technology passion, and analytic rigor to each of his endeavors as well as the ability to convey the most complex topics simply to any audience. Adam discusses what led him to start working in the data industry and how mePrism fits into the landscape, government controls and how it impacts businesses, monetizing data and more. You can visit mePrism at www.meprism.com, via LinkedIn at www.linkedin.com/company/meprism/mycompany/, and via Twitter at www.twitter.com/mePrism1. _____________________________________________________________________ For more episodes from Investor Connect, please visit the site at: http://investorconnect.org Check out our other podcasts here: https://investorconnect.org/ For Feedback please contact info@tencapital.group Please follow, share, and leave a review. Music courtesy of Bensound. |