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by wmab
1969 days ago
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I really like this idea. How are you different to Flightpath, Baremetrics etc? I've recently spent time following an excellent Google Docs financial model from Baremetrics[1] put online for free. I'd be remiss not to share here as an alternative. I agree, it does take some time to set up, and monthly some work. I believe founders without a finance background would find it fairly daunting (but can follow along with the blog post). I think you're offering the simplicity aspect and that's your main value prop being solved. Where do you see the products going in the future? The base modeling I don't think I'd pay for, but curious to see what network or flywheel effects you think might be there for users? [1] https://baremetrics.com/blog/saas-financial-model#model-temp... |
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Baremetrics however I know very well. They do a great job plugging into Stripe and helping you analyze your revenue, however their forecasting capabilities are extremely limited. They also only look at revenue, not expenses or hiring. With Finmark, you can just as easily connect your stripe account and get reporting on your historic revenues, however we also are much more robust in forecasting and allowing you to create a true financial model.
The spreadsheet template you linked is definitely one of the better templates out there. A couple months ago there was a great HN thread where Stéphane Nasser reviewed multiple different templates that exist. Our theory however is that spreadsheets, using a template or not, are too burdensome to maintain and easy to mess up. You could download all of your stripe data into a CSV, and create pivot tables to come up with all the same charts that baremetrics offers, but it's easier just to use software. Thats what we want to do for financial modeling In fact, we purposely priced our software lower than baremetrics despite having all the same core functionality plus so much more.