About This Workshop
*** As this is a lunchtime workshop we’ll start at 12:00 sharp, finish the talk and Q&A at no later than 1:15 with some light snacks for those that can stay after ***
In this introductory workshop we’ll walk through the principles as well as the practical considerations of what you need to think about when building a financial model.
We’ll run through the key drivers of revenue, and how to model them, what are the true costs of people and the key expense areas to consider.
We’ll go through an introduction to three-way modelling to demonstrate the importance of this and reflect that profit does not equal cash ao you’ll be able to see how much cash you need to raise and how long your cash runway is.
We’ll do a high level example of how you would start to build a model, and examples of presenting these to investors before talking about how to use and maintain the model to report your actuals.
Taught by the dynamic duo of Remco Marcelis from Standard Ledger and Jun Yan from Ravit Insights they bring their wealth of startup and financial modelling experience to bear in this introduction to financial modeling.
While we’ll walk you through a worked example in a simple excel model to demonstrate the way of thinking, this is not intended to be an Excel training course. Follow us on Eventbrite for upcoming events on Excel, Startup Equity & Valuation, Metrics and Funding your Startup.
Attesndee will receive slides and a Financial Model template.
Standard Ledger works extensively with Ravit Insights who are experts in developing highly scalable, dynamic, three-way integrated financial models, so that our clients can focus on what’s important – strategic decision making, forward planning and execution.
About the Instructor
Founder & Managing Partner Standard Ledger
Remco lives and breathes startups. He’s not your typical accountant, which is why he founded Standard Ledger – an accounting firm dedicated to startups.
Remco’s career combines management consulting experience gained over 10 years in multinationals like Accenture and PricewaterhouseCoopers, with experience at the coalface as a full-time CFO inside tech, medtech and crypto startups and as a virtual CFO for others. He has been doing the latter for 10 years, plus four years in venture capital firms, and during that time he has helped raise and invest more than $40 million.
He is a chartered professional accountant with an advanced MBA degree from the University of Adelaide, and is a graduate of the Australian Institute of Company Directors.
Remco also teaches finance topics at General Assembly in Melbourne and Sydney, and entrepreneurial programs for the University of Adelaide and Swinburne University in Melbourne. Because as a virtual CFO, investor and managing partner of his own business, he knows that entrepreneurs must be financially savvy to turn their startups into stayups.