What ships in the full edition
The complete PDF walks through revenue recognition choices for usage-based SaaS, cohort-based churn modelling, sales efficiency ratios, working capital bridges, and a priced-round scenario table with liquidation preferences sketched at a high level. The full edition is in final review with finance and legal; the summary below outlines what it covers and how we use it with founders.
How we use the model
The model is built bottoms-up so every headline number traces to an assumption a founder can defend in a diligence room. Cohort retention, sales efficiency, and sensitivity tables are kept on separate tabs so investors can stress one lever without breaking the rest.