Financial projections · Seed funding

What's the best available template for financial projections for early stage startups?

Ryan Webster Business Consultant - Supply Chain, Process Improvement, and Project Management

September 5th, 2014

Looking for the best available template for financial projections. Startup is pre-revenue and pre-funded. Seeking a template for using to pitch investors for seed funding, so all key financial data an investor would be interested in can be easily pulled from the template. 

John Shiple

September 5th, 2014

I am sure templates exist, but I have never seen one used. In practice, everyone I know builds these models from the ground up - and I think it's in your best interests to do so. Models are very easy to do in a spreadsheet. Strongly recommend you "just do it".

One way to go, also, is to look for pitch templates (like Amplify.LA's pitch template) which sometimes con


Francesco Rovetta VP Alliances & Distribution, Freshdesk

September 5th, 2014

best is for you to build your own model - this allows to really own and understand the data you are looking for and want to validate. Depending on the vertical you are in (eg saas, hw, etc) specific assumptions need to be applied

Cecilia Domenighini Marketing

September 5th, 2014

Hi Ryan, it looks like there is a similar discussion. You can read what people said about Financial Modeling/Forecasting Templates.

Graeham Ford-Feliz CEO at Emergent Coast

September 5th, 2014

I've heard some investors say that financial projections are mostly BS.  It is still good to have it so you can show that you've thought it through and it is a worthwhile investment for them.

Also, having worst, moderate, and best case scenarios has been recommended to me, but I wouldn't spend a ton of time on this slide.

Rob G

September 5th, 2014

Here's a link to another FD thread on this subject.

If you find a template please share it.  The template may provide some value from the prospective of a standard presentation format when presenting to investors, but beyond that it will be of little help. may have something.  You have to go through the exercise yourself.  there is no substitute.  The process of building your financial model (how you will generate revenue and when and what it will cost you) forces you to learn the numbers inside out, upside down and backwards which will be of much more interest to investors than the actual numbers.  they want to know that you have worked through all the calculus yourself, how you think, your assumptions, whether your assumptions are routinely conservative or aggressive, etc. Having a high-level model and a grasp of the underlying assumptions/inputs is also valuable for discussions with potential co-founders, business partners, key employees and customers. 

Todd Ellermann Experienced I.T. Leader, CTO, and Creative Entrepreneur

September 5th, 2014

Best I have seen for a starting point.  Problem is much depends on your business model.  Subscription/service/commerce/pproduct/B2B/B2C etc...
Good luck. 

Nathan Beckord

September 9th, 2014

We have a bunch of model templates in Foundersuite, all of them free. There's one for a subscription biz model, one for advertising, transaction fee, mobile, etc. 

However, I agree with Rob Gropper that you have to go through it template is going to perfectly fit your business. 

(Prior to starting Foundersuite, I spent a decade building models (and other things) for startups, and every time...more than 150 times...the revenue build up would be a "custom job", whereas the cost and hiring forecasts could be recycled from other models...)

Devon Burks Advisor and Startup Enthusiast

March 4th, 2020

There are three pages to the business plan financial projection template, supplying everything you need to test out your business idea.The first page of the financial projections template shows two of the main financial statements:

  1. Income statements for 5 years
  2. Opening balance sheet and balance sheets for 5 years

The second page provides the cash flow statement:

  1. Cash flow statements for 5 years

The third page of the financial projections template contains a selection of useful financial ratios for comparison purposes, together with revenue, net income, cash balance, and cumulative free cash flow by year in graph form for easy reference.


September 6th, 2014

A mentor suggested LivePlan. I'm finding it a lot easier than messing around with complex spreadsheets and excellent for sharing with mentors and investors:

Trey Gibson Driven Entrepreneur & Problem Solver

September 9th, 2014

There are a few of them listed at the bottom of this post: