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4-Course Series: Courses 1-4

Everything you need to know in order to model and value early stage software and service startups.

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Completing our 4-Course Series "How to build proforma financial statements, model, and value early-stage software and service startups," enables you to:

  • Formulate credible assumptions for your business model,
  • Build proforma financial projections for your business,
  • Value your startup, and
  • Understand the basics of financial accounting and analysis.

NO PRIOR FINANCE EXPERIENCE IS REQUIRED.

This series consists of four courses:

  • Course 1: Financial Accounting and Analysis
  • Course 2: Financial Modeling of Software and Service Startups: 8 Business Models
  • Course 3: Valuation Concepts and Valuation Models
  • Course 4: A Case Study: Modeling and Valuing an Early-Stage Software Startup

If you buy this package, you get $75 off vs. buying each course individually.

This series offers:

  • LIFETIME ACCESS to 7+ hours of easy-to-understand MBA-level finance lectures;
  • LIFETIME ACCESS to 450+ practice questions;
  • AVAILABLE FOR DOWNLOAD IMMEDIATELY: All PowerPoint and Excel materials;
  • AVAILABLE FOR DOWNLOAD IMMEDIATELY: A comprehensive, complete, and functional financial model template for a fictional software startup with subscription and advertising revenue streams; and
  • THREE-MONTH ACCESS to corresponding live workshops.

What if you are confused?

Support: LIFETIME ACCESS to a private Facebook group where you can interact with Victoria Yampolsky and other students.

Finance can be scary, but don’t worry - we are here to help you every step of the way. There are two levels of help we offer:

1. After enrollment, you will have access to a private Facebook group where you can interact with other students and ask questions. Victoria oversees the group and will help you if other students don’t know the answers.

2. If you need support beyond the Facebook group, you can also ask Victoria questions by email.

Curriculum:

1. Financial Statements and Analysis For Early-Stage Software and Service Startups.

  • The purpose of a financial model for a startup;
  • Overview of four financial statements;
  • The structure of an Income Statement: Revenues and Costs - Variable, Fixed, Non-Cash, and Financing;
  • Break-even analysis;
  • The structure of a Balance Sheet: Assets and Liabilities;
  • Properly, Plant & Equipment;
  • Working Capital: Accounts Receivable and Accounts Payable;
  • The structure of a Cash Flow Statement: Cash Flow from Operations, Cash Flow from Investing, and Cash Flow from Financing; and
  • Key performance indicators: margins, return metrics, operating leverage, and cash conversion cycle.

2. Financial Statements and Analysis For Early-Stage Software and Service Startups.

  • Challenges in modeling early-stage software and service startups and how to overcome them;
  • How to model price and quantity;
  • The Business Model Analysis Roadmap, a guide for analyzing business models;
  • The framework for creating credible financial model assumptions.
  • Introduction to eight business models for service and software startups;
  • Assumptions and business scenarios for EIGHT BUSINESS MODELS with Excel examples:
    • Subscription/SaaS model;
    • Advertising model (Affiliate/Direct, PPC/PPV, and Per Advertiser);
    • Software Product model;
    • Data model (per User, per Report, per API);
    • Marketplace model;
    • Pay-per-Use model;
    • Services model;
    • Freemium model (the case of in-app purchases); and
  • Modeling Variable and Fixed Costs.

3. Valuation Concepts and Valuation Models For Early-Stage Startups.

Valuation Concepts:

  • Free Cash Flow;
  • WACC;
  • Investors’ Return (IRR); and
  • Four methods for calculating Terminal Value.

Valuation Models:

  • Two valuation approaches for valuing early-stage ventures;
  • Three quantitative valuation models:
    • Venture capital method,
    • Discounted cash flow, and
    • The Chicago method;
  • Five qualitative valuation models:
    • The Dave Berkus scorecard,
    • Bill Payne’s scorecard methodology,
    • The Risk Factor Summation Model,
    • The Replacement /All-in Method,
    • The Rule of Three; and
  • How to create and maintain a cap table.

4. A Case Study for An Early-Stage Software Startup "Coolest Thing Ever"

  • Formulating assumptions for pricing and marketing strategies for each revenue stream;
  • Modeling techniques for pricing and marketing strategies for each revenue stream;
  • Formulating cost assumptions and assumptions for working capital and fixed assets;
  • Constructing proforma financial statements;
  • Determining the company's funding needs and valuation; and
  • Creating a financial summary and performing a break-even analysis.

The resulting model, available for download, contains the following:

  • Monthly revenue projections for each revenue stream.
    • The subscription stream has two levels of subscriptions: one-month and six-months.
    • There are four marketing strategies for the subscription stream.
    • The advertising stream is launched based on a financial threshold.
    • The advertising stream uses a sales force to generate sales.
  • Monthly variable and dynamically determined operating costs.
  • Yearly salaries and overhead costs.
  • Monthly working capital and fixed asset projections.
  • Annual income statement, balance sheet, and cash flow statement.
  • Valuation and funding needs.
  • Break-even analysis and financial summary.
  • Customer lifetime value calculation for each revenue stream.


Your Instructor


Victoria Yampolsky, CFA
Victoria Yampolsky, CFA

Victoria Yampolsky, CFA, is the President and Founder of The Startup Station, a comprehensive resource for modeling and valuing early-stage startups. She evaluates the financial feasibility of business models and specializes in the financial modeling and valuation of pre-revenue companies. Since founding The Startup Station in 2013, she has advised companies across more than ten industries, ranging from technology, manufacturing, and consumer products to media, entertainment, and fashion.

She also created a finance curriculum for early-stage founders and launched The Startup Station's educational program in 2015. Since then, more than 1,000 founders have attended her online and in-person finance classes and learned the basics of financial modeling, valuation, and startup financing.

Victoria is an advisor to DreaMe, Opkix, and Stringflix, as well as a founder of several ventures in media and entertainment. Previously, Victoria worked for the Deutsche Bank Research Department and performed IT consulting for CapGemini's Financial Services Division. Victoria holds a Bachelor's Degree, Cum Laude, in Computer Science, with a minor in Mathematics, from Cornell University and an MBA, with honors, from Columbia Business School. Victoria is also on the Advisory Board of the Computing and Information Science (CIS) Department of Cornell University.


Courses Included with Purchase



Course # 1
Financial statements and analysis for early stage software and service startups.
Victoria Yampolsky, CFA
$99
Course # 2
Financial modeling for early stage software and service startups - A detailed financial modeling guide to eight business models.
Victoria Yampolsky, CFA
$99
Course # 3
Valuation concepts and valuation models for early stage software and service startups.
Victoria Yampolsky, CFA
$99
Course # 4:
A case study for an early stage software startup "Coolest Thing Ever".
Victoria Yampolsky, CFA
$299

Original Price: $596


Frequently Asked Questions


How long is each course?
Each course has anywhere from 75 min to 120 min of lecture material and approximately 5-15 additional practice questions per video. Each video is 5-15 minutes long. You may need a few hours to complete the practice questions, especially for the courses that include financial modeling. You may purchase solutions to all the questions that include creating a financial model separately, in case you are unable to complete them on your own.
How long do I have access to the course?
All PowerPoint and Excel materials are available for download immediately after purchase. Access to the video content and practice questions is restricted to 90 days.
What if I am unhappy with the course?
Unfortunately, we cannot provide refunds, because when you sign up, you gain access to the class materials and can download them. I recommend watching the FREE introduction video and reading the testimonials and the course agenda before signing up to help ensure that each particular course is useful to you.
How can you contact the instructor?
You can contact Victoria Yampolsky at [email protected]

Get started now!