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Comment on Financial Modeling for Startups: An Introductionparent

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I think it would be good to have a bottom up forecast for the first 12 months. Apart from that, a disciplined forecast will clearly show how the calculation was derived and what assumptions went into it. You should not have to dig through a bunch of data to gain insight into the mindset of the forecaster - the forecaster is supposed to put that info in the model! If they can justify year 1's sales expenses by mentioning that it's for 2 sales people + an SDR, then great! Just don't expect that granularity in year 3.

It's quite easy to avoid the "3.5 people" issue by making it a step function (i.e. rounding). Once again your assumptions become explicit, which is good. E.g. you might decide that one person can do the work of 1.3 employees (people can do this for a while when it's needed!) and round everything above that up to 2.

However, when forecasting 3 years in advance as in the article, the fact that your model has you hiring fractional people becomes less important.

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