About 10% of startups will fail in their first year. Between years two through five, approximately 70% of companies will go under.
But those figures don’t matter when you’re pitching: Investors expect to see a business plan that describes how you plan to reach profitability within 3-5 years.
“While it may feel unfamiliar, as a founder there are a few key things to keep in mind that will ensure that your financial model is both a powerful tool for you and is also investor-ready,” writes legal/business advisor Anthony Millin.
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In this detailed primer, he shares a framework for creating a 60-month bottom-up financial pl...
