Yes, it’s super important from the day one of your startup activity! What is the value of your company once you have started? How to approach this topic when you do not have significant cash flow yet? It’s extremely important to understand the financials and the strategy of the company as soon as possible. Even if it’s just valuation of pre-revenue company.
I was looking for some resources that could provide basic but valuable practical knowledge around early stage startup valuation and eventually I got interested by The Startup Station. I did not find a lot reliable sources around this topic but I kept looking until I found a platform that was just customised to help early startup founders and give them tools to feel more comfortable with financials of their company. It so flexible on the other side that lets you even adapt the whole knowledge and valuation methods to your particular business profile. The best recommendation was to see testimonials of people who did the course and were extremely satisfied! A comprehensive financial resource for early stage startups The Startup Station has helped already over 1,000 early stage startups develop a strong financial strategy.
I never recommend something I did not try out myself. I went through the training and even if I have financial background, I benefited a lot from the courses. It’s completely different way of thinking of your startup and make you think of some crucial aspects you would have never thought otherwise.
Everything you need to know in order to model and value early stage software and service startups you can find in this condensed but beginner friendly course! Main focus is on financial modeling & analysis, valuation, and financing vehicles but also other terms like cash flow and balance sheet analysis, comprehensive analytic to help develop and optimize product-market fit and advertising spending.
The course helps founders evaluate the financial feasibility of their business plan, convert it into a financial model that they can use not only to value their company for a financing round, but also to track their progress and to be able to react timely to market feedback.
It’s better to know more, than not enough! 🙂
For more details and any specific questions, feel free to contact me! I’m happy to talk to you!
