Startup Budgeting 101 - The Grind Bootcamp @ OCAD University
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This presentation was made on Feb 4, 2016, at OCAD University in Toronto, Canada as part of a weekly startup bootcamp series.
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Startup Budgeting 101 - The Grind Bootcamp @ OCAD University
- 2. • About Me • Key Terms & Principles • Important Documents • Budgeting Best Practices • Fundraising 101 • Non-Dilutive Funding Sources • Questions • Worksheet Agenda Feb 4, 2016 @CoryRosenfield cory@qoints.com
- 3. 3 About Me - Laurier BBA (2 years) - Fidelity IT – Acquired (Age 20) - Supernova – Financial Controller - Conestoga - ACET - EP, InfiniteSM, Qoints - Golf|Baseball|Biking|Stocks|Real-Estate|Fantasy-Sports Cory Ian Rosenfield, EST. 1985 – Thornhill Feb 4, 2016 @CoryRosenfield cory@qoints.com
- 4. • COGS • Gross • Net • Margin Key Terms & Principles • MRR • Run Rate • CAC • LTV • Churn Rate • Growth Rate • Burn Rate Feb 4, 2016 @CoryRosenfield cory@qoints.com
- 5. • Income Statement • Balance Sheet • Cash Flow • Staffing Sheet • Sales Projections/Pipeline *Should all have versions for actual and projected • Cap Table • Shareholders Agreement • ESOP Important Documents Feb 4, 2016 @CoryRosenfield cory@qoints.com
- 6. • Fixed vs. Variable Costs • Get people excited – and they give you FREE stuff • Equity (and options) are your most valuable resource • Save 15% for a rainy day Budgeting Best Practices Feb 4, 2016 @CoryRosenfield cory@qoints.com
- 7. HOW TO FUND MY BUSINESS??? (in order of cost) • Revenue • Grants & Tax Credits • Loans/Debt • Equity • Angel • VC • Institutional Fundraising 101 Feb 4, 2016 @CoryRosenfield cory@qoints.com
- 8. • Ontario Centres of Excellence – Smart Start, Market Readiness, Etc. (matching commercialization) • IRAP (technical advancement) • Enterprise Toronto (regional acceleration) • MaRS Embark (22-29 for 6 months) • MaRS Embedded Executive (senior leader for 6 months) • N1M (regional acceleration) • MITACS (PHD/Masters students) • ICTC (hiring under 30) • CDMN Soft Landing (travel) • SR&ED (research & development) • FedDev IBI (accredited investor match) Non-Dilutive Funding Sources Feb 4, 2016 @CoryRosenfield cory@qoints.com
- 9. SEED STAGE: incubators, friends & family, angel investors, early VCs Feb 4, 2016 @CoryRosenfield cory@qoints.com
- 11. Worksheet (Cash Flow Statement) Feb 4, 2016 @CoryRosenfield cory@qoints.com