Tech Uncensored: Making Financial Modelling More Accessible for Start-Ups
Altitude Accelerator
Scaling to new heights. Formerly RIC Centre. Support + Incubator space for Peel Region startups + mature tech companies.
Welcome to our Weekly Tech Uncensored!
For many start-ups, developing a financial model is a daunting task. In this episode, we discuss: Why are they necessary? How do I build one? What should it include? Hosted by Altitude Accelerator 's Samie Husain of Preference Capital, with Geoff Simonett , President of Pinelands Capital and Altitude Entrepreneur-in-Residence, Samie and Geoff tackle the issues that challenge many entrepreneurs.
At Altitude Accelerator we have experts like Geoff Simonett and Samie Husain to help you succeed. We are now accepting applications for our Winter Cohort: Incubator 19 and Investor Readiness. Interested? Please join us!
Incubator 19: Apply here!
Investor Readiness: Apply here!
Please join us January 19 12:30 pm for our next episode where Hessie Jones invites guests to discuss the future of Generative AI, its inevitability and what this means for society.
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Product Design and Development | Emerging Tech | A.I., NLP and Machine Learning | Researcher | Startups
2 年I would love to see the financial model replaced by a sales model. Financial is passive and forecasts the unknown. Sales models are active, tactical, and talk in the present tense. A financial model is more about managing cash as it comes in the door. How will we distribute all this revenue? But startups have little to no revenue. Their biggest problem is how to bring in more revenue. Every cent of revenue has a predictable outcome - keep the business afloat. And I think VCs will continue to back a revenue-growing startup, even if that precious revenue could be better spent. Entrepreneurs are not the best salespeople. They need a plan. No salesperson and we all know the business will fail. But a startup can survive without a finance person for a long time. I might be ok with a financial model if they were ever accurate. But both the entrepreneur and VC know they are all hockey stick predictions and not realistic. And they hurt the founder because now the VC can call them out for not meeting their unrealistic financial goals.