Guides and frameworks from the Axorum team on startup finance — modeling, fundraising, reporting, and the decisions that compound.
Most startup financial models are one-statement models wearing a costume. The P&L is real; the balance sheet is a guess; the cash flow is derived from neither. Here is how to build a model where all three close — and why it matters before your Series A.
Investors have a pattern for reading data rooms. They open the cap table first, then the model, then look for the gap between them. Knowing the sequence changes what you prepare.
Net burn, gross burn, burn multiple — each answers a different question. Boards at Series A mostly care about one. Here is which one, and how to present it so the answer is clear before anyone asks.
Booking, billing, and revenue are three different events. Getting them wrong compresses your gross margin, misstates ARR, and creates audit findings. A clean framework for subscription businesses.
Monthly cash forecasting is too coarse to act on. By the time the month closes, the decision window has passed. A rolling 13-week model gives you the four things you actually need to manage cash at a startup.
Every forecast is wrong. The discipline is not in being right — it is in documenting how you were wrong, why, and what it changes. A framework for monthly variance commentary that boards actually read.