Mar 15, 2019
It's harder than ever for Incubators/Accelerators to get their portfolio companies funded. Investors are more demanding and want to see the numbers behind the story. Revenue projections, customer acquisition costs, lifetime value projections, how they interact with each other, and the assumptions behind the projections. Portfolio companies fail miserably in understanding, presenting, and backing up such numbers for investors.
THE PROBLEM – GETTING FUNDED
Typically less than 20% of portfolio companies are getting funded or receive follow on investments. One of the major reason - they are not getting funded - is because they do not understand the metrics that matter – and do not know how to model their business and present it to investors.
Excel - the business modeling tool of choice – produces models that
are either too simplified, or overly complicated... and always
error-prone. Investors have no patience for incompetence.
THE SOLUTION – GIVING INVESTORS WHAT THEY WANT
Lean-Case gives Incubators, Accelerators, and their portfolio companies the ability to quickly model and simulate different business models – accurately – and present the metrics in an investor-friendly format. This will dramatically increase the close rate on getting portfolio companies funded.
After hearing how Lean-Case covers more than 10 different business and forecasting models, I invited Eckhard Ortwein, Entrepreneur, business model expert and founder of Lean CASE onto my daily tech podcast to find out more.