Conversion Forecast Pre-Money Valuation Revenue 
Agile VC
MAY 26, 2011
Not long after the product launch we began the initial conversations with VCs for a Series A round. One partnership was clearly very divided and a vocal minority of GPs thought consumer internet companies were a massive waste of time and money. He provided our initial seed funding to launch the website publicly on May 5, 2003.
Tim Keane
JANUARY 12, 2010
3] However, if they are built bottom up, they demonstrate and make explicit a range of business model assumptions the entrepreneur is using to think about his business and its revenue model. In a bottom up approach, the forecast is built from actual user projections. This is why a bottom up approach is more credible.
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