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What's the best available template for financial projections for early stage startups?

Looking for the best available template for financial projections. Startup is pre-revenue and pre-funded. Seeking a template for using to pitch investors for seed funding, so all key financial data an investor would be interested in can be easily pulled from the template.

9 Replies

John Shiple
3
0
John Shiple Advisor
CTO
I am sure templates exist, but I have never seen one used. In practice, everyone I know builds these models from the ground up - and I think it's in your best interests to do so. Models are very easy to do in a spreadsheet. Strongly recommend you "just do it".

One way to go, also, is to look for pitch templates (like Amplify.LA's pitch template) which sometimes con

+=John
Cecilia Domenighini
2
0
Marketing
Hi Ryan, it looks like there is a similar discussion. You can read what people said about Financial Modeling/Forecasting Templates.
Graeham Ford-Feliz
2
0
Graeham Ford-Feliz Entrepreneur
CEO at Emergent Coast
I've heard some investors say that financial projections are mostly BS. It is still good to have it so you can show that you've thought it through and it is a worthwhile investment for them.

Also, having worst, moderate, and best case scenarios has been recommended to me, but I wouldn't spend a ton of time on this slide.
Francesco Rovetta
3
0
Francesco Rovetta Entrepreneur
VP Alliances & Distribution, Freshdesk
best is for you to build your own model - this allows to really own and understand the data you are looking for and want to validate. Depending on the vertical you are in (eg saas, hw, etc) specific assumptions need to be applied
Rob Gropper
1
0
Rob Gropper Entrepreneur
Director at PetHero, SPC - Member at Eastside Incubator - Principal at Tuxedo Technologies Group
Here's a link to another FD thread on this subject. http://members.founderdating.com/discuss/743/Anyone-have-any-good-financial-model-templates-for-a-multi-sided-market

If you find a template please share it. The template may provide some value from the prospective of a standard presentation format when presenting to investors, but beyond that it will be of little help. SteveBlank.com may have something. You have to go through the exercise yourself. there is no substitute. The process of building your financial model (how you will generate revenue and when and what it will cost you) forces you to learn the numbers inside out, upside down and backwards which will be of much more interest to investors than the actual numbers. they want to know that you have worked through all the calculus yourself, how you think, your assumptions, whether your assumptions are routinely conservative or aggressive, etc. Having a high-level model and a grasp of the underlying assumptions/inputs is also valuable for discussions with potential co-founders, business partners, key employees and customers.
Todd Ellermann
1
0
Todd Ellermann Entrepreneur
Experienced I.T. Leader, CTO, and Creative Entrepreneur
http://teten.com/blog/2011/11/10/template-startup-financial-model/

Best I have seen for a starting point. Problem is much depends on your business model. Subscription/service/commerce/pproduct/B2B/B2C etc...
Good luck.
Andy Bosselman
0
0
Andy Bosselman Entrepreneur
Founder at Arithmetic
A mentor suggested LivePlan. I'm finding it a lot easier than messing around with complex spreadsheets and excellent for sharing with mentors and investors: http://www.liveplan.com
Trey Gibson
0
0
Trey Gibson Entrepreneur
Driven Entrepreneur & Problem Solver
There are a few of them listed at the bottom of this post:

http://foresight.is/best-practices

Nathan Beckord
1
0
Nathan Beckord Advisor
Co-founder and CEO at Foundersuite
We have a bunch of model templates in Foundersuite, all of them free. There's one for a subscription biz model, one for advertising, transaction fee, mobile, etc.

However, I agree with Rob Gropper that you have to go through it yourself...no template is going to perfectly fit your business.

(Prior to starting Foundersuite, I spent a decade building models (and other things) for startups, and every time...more than 150 times...the revenue build up would be a "custom job", whereas the cost and hiring forecasts could be recycled from other models...)
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