Pre-revenue financial projections 💸 wow angel investors

Подписаться 4,7 тыс.

Просмотров 13 тыс.

50% 1

Pre-revenue financial projections 💸 wow angel investors
You need financial projections for your pitch deck, even if you have no sales.
Learn how to create financials that will impress prospective investors!
Any time you are talking to an investor, whether in a pitch deck or during due diligence, they expect you to show financial projections. Many founders run into trouble with this when the company is mostly or entirely pre-revenue. You might wonder what you can show with no track-record. Even so, financial projections are still essential both to the investor and to your strategy.
Right off the bat, let's be honest. Angels know that your numbers are going to be wrong. That is the only thing they can be sure of.
Angel investors are an idiosyncratic bunch; we all have different things we are looking for in a business and in financial projections. I want to see the founder tell a not impossible story about their company’s success. We all know that it is likely that you will need to pivot at some point, but you still need to show that your initial plan could work and produce substantial returns on my investment. Of course, that means you will have a chart showing hockey-stick growth. But don't just make up the numbers, show that they are plausible, or better yet likely.
Read the blog version: ftb.bz/startup-financials
Listen to the podcast: ftb.bz/podcast
Links from the episode:
Embrace the Pivot- • 22. One thing most suc...
Why do Angels Demand 20X returns - • Angel Investors 🤑 dema...
The Three Kinds of Virality - • 13. The three kinds of...
Test Driving Your Business - • 21. Build a strong fou...
entrepreneurship,startup company,startup pitch financials,startup financials,angel investor financials,pre-seed financial projections,pre-revenue financial projections,pitch deck financial projections,entrepreneur,venture capitalist,angel investors,venture capital,pitch deck,seed round funding,seed round pitch,startup fundraising,startup fundraising 101,angel investing,startup pitch,startup pitch deck,equity,feel the boot,lance cottrell

Хобби

Опубликовано:

2 май 2020

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 38

@FeeltheBoot 3 года назад

Join Feel the Boot to access free weekly office hours ftb.bz/join Get Feel the Boot on the go with our podcast ftb.bz/Podcast

@SweatYourAssets 2 дня назад

"As a start-up, your projections for 2 to 5 years out are pure fantasy. They are not going to reflect the actual reality. In fact, the only thing we know is that they are wrong". Great line! I will quote you.

@FeeltheBoot День назад

Please do!!!

@StanFranssen 2 месяца назад

Hi Lance, thanks for making this video. My two person company is building a costly prototype and has no revenue (because we're still designing the product). I was struggling with how to make financial projections with no revenue to base them on, but you've eased some of my concerns. Thanks!

@FeeltheBoot 2 месяца назад

Glad it was helpful!

@Ilestecrittv 3 года назад

Hi Lance. Thank you for your contents. I’ll definitely watch all of your videos today.

@FeeltheBoot 3 года назад

Thanks, although, all 50 in one day would be quite a marathon! :)

@abikelife1481 2 года назад

Great stuff Lance! I have gone on a Feel The Boot Binge, and after each video, click on the next link in the description. Great stuff and so very important for entrepreneurs, investors, and thus the economy in general. Way to go!

@FeeltheBoot 2 года назад

Awesome, thank you!

@hudsonhillmanufacturing Год назад

Wow! I have never heard this type of insight before- absolutely genius. I greatly appreciate this perspective-thank you

@FeeltheBoot Год назад

Thanks! I try hard to provide no BS information on topics that few other sources of startup advice provide.

@RajaRaja-bv4jj 4 года назад

Experience counts

@zachinthekitchen 3 месяца назад

phenomenal video, helping me with my pitch deck for a college pitch competition!!!!

@FeeltheBoot 3 месяца назад

Fantastic! Let me know how it goes!

@tariktekelioglu9714 3 года назад

Hey man, thank you so much for this

@FeeltheBoot 3 года назад

So glad you found it helpful!

@rayhyltonjr 2 года назад

Love this. On point.

@FeeltheBoot 2 года назад

Thanks! Let me know if there are other topics you would like to see.

@EveAdam__1 3 года назад

Great job !

@FeeltheBoot 3 года назад

Thanks, glad you enjoyed it! Let me know if there are other topics you would like to see me cover here.

@harperproduction3935 2 года назад

Great advice. Thank you

@FeeltheBoot 2 года назад

Glad it was helpful!

@cloudvenues 6 месяцев назад

Great video Lance, very helpful!

@FeeltheBoot 6 месяцев назад

Glad to hear it! It is always one of the most searched for episodes.

@rosscoppage3182 Год назад

Excellent information. Appreciate the comment about zeroing in on your market.. your subset of a bigger market. I did subscribe. Can you recommend any editable templates for creation financial projection? Also, any example pitch decks? There are so many and they are so vastly different. Thanks! I'll be watching more.

@FeeltheBoot Год назад

There are a lot of financial projection models out there, most focused on SaaS type businesses. Slidebean has one that seems well maintained and covers a few different types of business (but not hardware as far as I can tell). slidebean.com/financial-model-template-for-startups Pitch deck examples are everywhere, but I would be careful of using them for anything but inspiration. Each company has different strengths and things that should be highlighted. My suggestion for a process to build your deck is here: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-3HTwASsakFQ.html

@johncampa2661 3 года назад

Great video, I have my projections but the one thing I'm having issues with is traction. We have none currently due to covid. What we are trying to do now is build our brand get more people following but I know investors dont really want to see that. I would love to chat with you if you have a few minutes available?

@FeeltheBoot 3 года назад

If you contact me through the form on FeelTheBoot.com ftb.bz/contact I will set something up for you.

@zainulabidenkazmi 2 года назад

background music is so loud and the voice is surrounding.

@FeeltheBoot 2 года назад

Yeah, I had some audio problems on that one. Maybe I will do a new version one of these days.

@thebemokoena4657 8 месяцев назад

❤❤

@FeeltheBoot 8 месяцев назад

Thanks!

@liaboyland4873 9 месяцев назад

This is brilliant, thank you Lance! Finally a practical application that makes sense of made up numbers! Would you know where I can find a good financials template for a SaaS pre-revenue startup? Or is it better to start from scratch?

@FeeltheBoot 9 месяцев назад

There are a few on the web that look good, but I have not tried them myself. I will try to put something together.

@liaboyland4873 9 месяцев назад

That would be amazing thank you! I only saw a few but were either over complicated or simplistic. Would way prefer to use your methodology. (Edit) otherwise I was going to put something together myself but yours would be better!!!

@LanceMCottrell 9 месяцев назад

@@liaboyland4873 I will work on that!

@mkmitchell4028 Год назад

How about restarting a business after the loss of my family to covid being shut down over a year. Im afraid of applying for sba or any other funding when i dont have tax returns or the $5k-$10k monthly revenue when applying for loan or business account i cant even find a business account because i dont have a the numbers they want to see so any suggestions Thanks

@FeeltheBoot Год назад

That is a tough situation. You will probably need to bootstrap for a while to build the track record investors, and banks need to see. You can do that by focusing on revenue for the startup or by investing income from another job into your business.