@TroyHenikoff has seen over 2,000 startup financial models (FMs) as an investor. He gave a @KelloggSchool workshop this weekend on Financial Modeling 101. Buckle up for:
10 COMMANDMENTS OF STARTUP FINANCIAL MODELS
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1. Update your FMs AT LEAST once a month; they are living documents, not a one-time activity for fundraising. They are mathematical representations of today, historical records of the past, and credible forecasts into the future.