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Turn What-if to What-Now: The Importance of Scenario Analysis

Up and Running

Each scenario combines the key numbers in the hypothetical case and explores the impact on the bottom line, and helps you define your cash burn rate and runway. Simply put it’s a better method of accurately looking forward and business owners know better than mathematicians. Build scenarios using spreadsheets.

Forecast 120
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No Accounting For Startups

Steve Blank

Startups that are searching for a business model need to keep score differently than large companies that are executing a known business model. Yet most entrepreneurs and their VC’s make startups use financial models and spreadsheets that actually hinder their success. Managing the Business. Here’s why.

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Reinventing the Board Meeting – Part 1 of 2

Steve Blank

Reinventing the board meeting may offer venture-backed startups a more efficient, productive way to direct and measure their search for a profitable business model. Yet boards of large companies exist to monitor efficient strategy and execution of a known business model. The Wrong Discussion s. That’s very, very wrong.

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Why Board Meetings Suck – Part 1 of 2

Steve Blank

Reinventing the board meeting may offer venture-backed startups a more efficient, productive way to direct and measure their search for a profitable business model. Yet boards of large companies exist to monitor efficient strategy and execution of a known business model. The Wrong Discussion s. That’s very, very wrong.

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What's Wrong With Today's Board Meetings: Part 1

ReadWriteStart

Reinventing the board meeting may offer venture-backed startups a more efficient, productive way to direct and measure their search for a profitable business model. Yet boards of large companies exist to monitor efficient strategy and execution of a known business model. What are the most important hypotheses to test now?

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ProfessorVC: Baby's All Grown Up

Professor VC

In fact, for a good laugh, I just went back and checked our accounting system, and at the end of one quarter in 2005, we were down to $143 cash on the balance sheet. I take CFO roles in early stage companies and participate on the management team during the early financings and business model development phases.

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ProfessorVC: Waah.Do I have to build a financial model?

Professor VC

Is the model consistent with the business plan? Does the business model make sense? Do you understand the business and market? The process of building the model forces you to answer the difficult questions related to the business model and give a complete picture of the opportunity.