How the Standard Model uses historical financials and creates rolling forecasts.
The best resources, templates, and posts about financial modeling and startups on the web.
How do you choose which Foresight template to use? The product comparison grids outline the differences in the features, and below is my perspective on how to choose the right one for you.
Foresight's templates focus on using operational mechanics to forecast financials. Here's why.
A key part of creating a fundraising ask is understanding and communicating how the money will be raised. A sources and uses chart is a fairly standard way to communicate it, and a summary of the key expenses helps to tell the full story. Here's how I do it.
How to create the assumptions for startup financial models
Estimating your cost budget is the first, and most important, step towards creating your financial projections.
How to model revenues using the top-down and bottoms-up approaches.
Startups often present their financial projections incorrectly. Here's why, and what you need to do instead.
I recommend using Microsoft Excel or Google Sheets for financial modeling, both in general and for Foresight templates specifically.
Valuing early-stage companies can be more of an art than a science. Here I'll explain the basics behind discounted cash flow (DCF) and multiple-based valuation, and detail how they are implemented in Foresight's models.
Financial models can help entrepreneurs make critical business decisions. But it's more about the process than the result.