Financials help funding
One of the things that I am most excited about with FundingUniverse.com is the new financial models that a good friend named Travis is putting together. Over the past month, Travis and I have been meeting on a weekly basis to discuss all of the FundingUniverse.com financial details. We’ve discussed revenue streams, expenses, hiring assumptions, forecasts, ROI, ROE, cash flow, balance sheets, PNLs, etc. etc. If it has to do with financials, we’ve discussed it.
To be honest, this could be one of the most important things that I have done as CEO. It is amazing to be able to see our past performance, measure future assumptions, and set goals accordingly. John Richards (one of the most active angel investors in Utah) has advised many times that the financial model is one of the most important pieces to raising money — and I agree.
If you are an entrepreneur seeking to raise money, (or build a successful business) please don’t underestimate the value of sound financial models.
(By the way…if you are interested in getting some help with your financials, let me know and I’ll put you in touch with Travis. And “no”…I’m not getting any sort of referral commission.)
