Kings County

Thank you all for your feedback.<div><br></div><div>I have done majority of the things that you all recommended and I still feel incomplete.</div><div><br></div><div>I agree with Rachel that this is due for disruption.</div><div><br></div><div>I am working on a startup that would disrupt spreadsheet. I will be kicking off seed funding round in early 2016.</div><div><br></div><div>Please message me directly at LinkedIn if your interested in seed round investment.</div><div><br></div><div>Thanks everyone.</div><div><br></div><div><br></div><div><br></div>

Sorry Allison, I don't understand your response.

Sure, I can explain.<div><br></div><div>Startup CEO's are constantly updating Financial models with changing business needs. These changes lead to change in expense, revenue and cash flow.</div><div><br></div><div>During the series B round and after that, investors wanted me to send them list of changes made to financial model and their financial impact. That was difficult, I wasn't able to track changes with 100% accuracy because excel model can't be setup to highlight changes to financials.  Additionally, model file was huge and was difficult to share via email and due to the file size model kept getting corrupted every week.  Too much time and resource was wasted in maintaining and sharing financial model.</div><div><br></div><div>Financial Model contained business assumptions, financial forecast and headcount details.</div><div><br></div><div>Please let me know if this helps.</div><div><br></div>

Great point Peter, that is what I had done in past as percentage can be confusing to comprehend for some people.<div><br></div>

Hi everyone - Thank you for all your feedback.<div><br></div><div>Trust me I am not sitting on my hands with this project. I had gone through several pros/cons of this idea as I wanted to make sure it's a sound idea.</div><div><br></div><div>I have Canvas, I have sketch, I have excel based setup that runs through a scenario.</div><div><br></div><div>I do understand investors as well and I know they won't invest if they don't see the product. One of your said this, I need money to get the idea off of ground and not when it's running.</div><div><br></div><div>Raj Dhonota and Martin Omansky, I will reach out to both of you.</div>

As Paul said above, <a href="http://Xero.com" target="_blank">Xero.com</a> is great if you want to do it yourself.
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<div><a href="http://Foresightasg.com" target="_blank">Foresightasg.com</a> can also help you manage the books. One of the company I advised use them and they paid $750 monthly.</div>
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<div>Sorry Michael, I know for vc this is the last thing but managing cash is important. Cash is King!</div>  
      

Martin Omansky - I already sent the LinkedIn invite to you this morning. Please confirm that you received it.

<div>Wow - this is great and I appreciate all your advice.</div><div><br></div>Faisal, Nick - Thank you for providing deep analysis on this. Nick, based on your explanation I have more work to do here and I willwork on it. Faisal, thanks for putting the family situation in prospective, I always struggled with this idea but what you said makes sense.<div><br></div><div>Greatly appreciate all your feedback.</div><div><div><br></div><div><br></div></div>

Hi Mike - I know AngelSpan &amp; Visible offering, but they don't do anything with creating and management of Financial Model. They do Cap table and other financial info management.<div><br></div><div>My plan is to simplify the complicated aspect of Financial Modeling and above all, m<span style="font-size: 1rem;">y goal is to standardize the flow of financial information between startups and investors.</span></div>

Hi Corey - It's too early for you to hire just HR, but maybe you should
look for an office manager who can help you manage office and HR.
Additionally, try to utilize more tech to do your work.

Good luck!

Ricky



<div>Last year, I helped a startup raise $26M Series B. It was exciting and painful, exciting as I was meeting some of the brilliant minds in VC space, and painful because startup/VC space has no standard way of communicating information.</div><div><br></div><div>Question: Has anyone else struggle to manage and communicate changes in Financial Model, Cap table and Financials?  What was your solution?</div><div></div>

Managing and communicating Financial Model, Cap Table and Financials.

If you're an investor advising me here, please do ping me separately if you are interested in hearing my pitch.<div><br></div><div>All my career, I have been coming up with ideas with no funding to test it. I am not taking a credit for it, but I had Groupon idea few years before they came out. Groupon's founders did good and I am happy for them. I had more ideas similar to this which i kept passing because I wasn't passionate about them.</div><div><br></div><div>Since late 2014 I have been sitting on the idea that would simplify and standardizing the flow of financial information for the investor community. This product would improve planning and analysis for both startups and VC community. Imagine answers to your financial questions on tip of your finger. Simply priceless!!</div><div><br></div><div>I am passionate about this idea and the market is there. This product will be utilize by pre- and post-funded startups and investors.</div><div><br></div><div>How do I raise money for my startup before creating the product and securing 1st customer? Specially, when this is my 1st startup.</div>

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