About the Workshop
This course will help you understand crucial numbers that can make or break your business. Many entrepreneurs make the fundamental mistake of not paying attention to these numbers until it’s too late. Being able to analyze profits and costs, decipher financial statements, and fairly evaluate your company is a must for every entrepreneur at any stage. Knowing your numbers will not only add to your credibility but also significantly increase your chances of securing capital for your business. Learn how to extract meaningful insights from your company’s financials and use it to your advantage.
Unit economics are the direct revenues and costs associated with a particular business model expressed on a per unit basis. Unit economics looks at the direct revenues and costs associated with the most basic element of a company’s business model. From this data, it is possible to project how profitable the company may be (or not), and when it can expect to reach profitability.
The biggest determinant of your startup’s value are the market forces of the industry & sector in which it plays, which include the balance (or imbalance) between demand and supply of money, the recency and size of recent exits, the willingness for an investor to pay a premium to get into a deal, and the level of desperation of the entrepreneur looking for money.
Most of the startups on AngelList don’t get funded, just as most of the startups anywhere don’t get funded. A recent Economist article quotes some specific numbers on AngelList. Roughly 1% is the funding success rate for all these startups and after they get funded from VC’s or Angels the percentage of achieving an at least 10x exit is less than 1%..
The three basic financial statements are the (1) balance sheet, which shows firm’s assets, liabilities, and net worth on a stated date; (2) income statement (also called profit & loss account), which shows how the net income of the firm is arrived at over a stated period, and (3) cash flow statement, which shows the inflows and outflows of cash caused by the firm’s activities during a stated period.
5:45pm – 7:30pm
3/22 – 4/19
Discounts are available to University of Hawaii students and members of underrepresented communities. To fill out a course application and find out if you qualify for discounts, click here.