Ten $50,000 grants for startups who move to St. Louis
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Ten $50,000 grants for startups who move to St. Louis
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Re: Ten $50,000 grants for startups who move to St. Louis
#2[deleted]
Re: Ten $50,000 grants for startups who move to St. Louis
#3"Your business model, including 3- or 5-year financial projections that include sales, profits, cash flows, and returns on investment."
How can anyone reasonably predict where their N-month old company is going to be in 3-5 years?
Re: Ten $50,000 grants for startups who move to St. Louis
#4"Your business model, including 3- or 5-year financial projections that include sales, profits, cash flows, and returns on investment." How can anyone reasonably predict where their N-month old company is going to be in 3-5 years?
And how is it worth $50k to make it harder to raise the $500k+ you'll probably need to build your company?
Re: Ten $50,000 grants for startups who move to St. Louis
#5"Your business model, including 3- or 5-year financial projections that include sales, profits, cash flows, and returns on investment." How can anyone reasonably predict where their N-month old company is going to be in 3-5 years?
Same way you work any business model projections, pull it out of your....
It's really not a bad idea to set up a business model with a set of variables defined from which you base your projections. When I do this, I make it very easy to drop in actuals and have the projections auto updated based on the collected metrics over the original projected ones.
Re: Ten $50,000 grants for startups who move to St. Louis
#6"Your business model, including 3- or 5-year financial projections that include sales, profits, cash flows, and returns on investment." How can anyone reasonably predict where their N-month old company is going to be in 3-5 years?
Well, if you've ever had to write a business plan, you'll agree the projections for a startup end up being complete BS, but they make investors feel safe looking at a 20+ page document with lots of charts and numbers.
That said, business plans can be useful and help the founders solidify their business model, predict costs, etc. If anything, it helps you get a vague idea of what to expect a few years down the road instead of just the next 60 days.
Re: Ten $50,000 grants for startups who move to St. Louis
#7"Your business model, including 3- or 5-year financial projections that include sales, profits, cash flows, and returns on investment." How can anyone reasonably predict where their N-month old company is going to be in 3-5 years?
And how is it worth $50k to make it harder to raise the $500k+ you'll probably need to build your company?
Could you elaborate on how it would make it harder to raise more in the future?
Re: Ten $50,000 grants for startups who move to St. Louis
#8Re: Ten $50,000 grants for startups who move to St. Louis
#9"Your business model, including 3- or 5-year financial projections that include sales, profits, cash flows, and returns on investment." How can anyone reasonably predict where their N-month old company is going to be in 3-5 years?
And how is it worth $50k to make it harder to raise the $500k+ you'll probably need to build your company?
1) you don't need $500k+ in funding to build a successful software company.
2) this is especially true living in a part of the country with a reasonable cost of living. Somewhere like Missouri, $50k is two reasonable years of runway for a single 20-something (even in a metro area like St Louis, you'll be able to rent for ~$400 .)
3) it's pretty ridiculous (and arrogant) to assume that nowhere else in the country can you get investors.
Re: Ten $50,000 grants for startups who move to St. Louis
#10"Your business model, including 3- or 5-year financial projections that include sales, profits, cash flows, and returns on investment." How can anyone reasonably predict where their N-month old company is going to be in 3-5 years?
I don't think anyone sees 3-5 year plans as promises, more as the fact that you've thought about what your company will be doing in 3-5 years.
Yes technology is impossible to predict but they want to see that you've given it more thought then, we don't need revenue Google buys us in year 2!!!1!