Date: October 24, 2024 | 1PM - 2 PM EST Experts: Eric Nelson and Chuxin Liang (ECMC Education Impact Fund)

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About the Learning Series

ECMC EIF x Avalanche VC’s Fall Virtual Learning Series is a unique opportunity for edtech and workforce innovators to gain valuable insights and strategies from industry experts. This series is designed to help you navigate the complexities of the education and workforce sectors and equip you with the tools needed for success.

**The Education Impact Fund (EIF)** is building a portfolio of direct investments into early- and growth-stage companies, as well as a fund of funds portfolio, that removes barriers to quality education and improves outcomes for underserved learners and workers.

Avalanche VC invests pre-seed in companies that transform how people learn, earn, and own.

Don’t Miss Our Other Upcoming events in the Fall Learning Series (with Registration Links):

• November 7, 2024 | Looking to the Exit? It’s Never Too Early to Know the Options
• November 21, 2024 | GTM Tools: Find and Respond to Public Sector RFPs and Education Institutions
• December 5, 2024 | Metrics that Matter: Proving Efficacy and Identifying the Right KPIs

Today’s Agenda

• Opening remarks (~5 min)
• The Why, What and How (~10 min)
• Modeling Session / Walkthrough Fictional Example (~35 min)
• Q&A (~10 min)

Files

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Brightminds Tech LLC (Fictional Company) Financial Model - EIF

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ECMC EIF Fictional Co Template_B2B SaaS.xlsx

A fictional company financial model template we put together that is aimed at founders / companies who are early or just beginning their entrepreneurial journey. Set revenue targets, create a budget all to assist in planning or as helpful reference during your investor discussions.

Key Takeaways

1. A good financial model helps guide management decision-making and articulate your thesis using numbers to external stakeholders.
   1. “The point of financial projections is to tell a story with numbers – a story about opportunity, resource requirements, market forces, growth, milestone achievements, and profits.” – Guy Kawasaki
   2. Track spending and revenue - understand your budget and where your money goes
   3. Avoid running out of money and help raise funds when needed - know how much investment you need and when
   4. Identify key business drivers - determine the metrics crucial for survival and growth
2. Build your model bottoms-up, on a monthly basis. Projections should be based on key business drivers specific to your business (how you bring customers in, how you activate your customers, how you monetize your customers, what it costs to keep your business running, how your cash is managed, and what investment capital is necessary). Use metrics, benchmarks, and comparable as a guide and to sanity check your assumptions.