Are you an early-stage entrepreneur looking to raise capital, but need help building your financial model?
Our team at Village Capital has trained more than 1,000 early-stage startups over the past decade, with a curriculum that is focused on how to get your startup “investment-ready”. One of the main questions we hear from founders is: how do I build a financial model?
Last week I held an introductory webinar that provided a free look at that part of our curriculum. I also added some thoughts about how COVID-19 could impact your model over these next few months.
In the video below you’ll learn some of the best practices and common mistakes to avoid, including:
1. Include multiple different scenarios based on external factors. 2. Make sure your key drivers are visible. 3. Make sure to be consistent with unit economics. 4. Add comments to make things easier to read. 5. Color code! This can go a long way.
1. Avoid inconsistency with company goals. 2. Never force your business model into a template. 3. Group rows instead of hiding rows. 4. Don’t let assumptions impact historical data. 5. Stop hardcoding data.
(Dubai, UAE) -- On December 19 in Dubai, MetLife Foundation and Village Capital ran the Middle East Financial Health Competition, which included a competition for twelve Middle East startups working to improve financial inclusion for low-to-middle income populations. At the competition’s conclusion, three startups were selected to receive grants from MetLife Foundation:
(Istanbul, Turkey) — On May 31 in Istanbul, MetLife Foundation and Village Capital hosted the MetLife Foundation Financial Health Forum: Turkey, which brought together eleven Turkish startups working to improve financial health for low-to moderate-income populations and small and medium-sized enterprises (SMEs). At the program’s conclusion, two startups were selected to receive grants from MetLife Foundation: