[asperous]

Your spreadsheets look nice! I think if I was a banker I would be thinking "okay but what if no one shows up and wants to buy". All the spreadsheets say is that you will lose at least $140k (probably more if you didn't include everything or were too optimistic) per month if and until you got some solid sales coming in.

So the bankers are just asking themself if they want you are the type of person worth losing $200k per month over and what's the chance you could make the idea work.

Your "downside" being positive also might be a red flag, if the bankers feel like making money in New York City really is as hard as people say. To a NYCer anyone saying "you will make money no matter what" sounds like a hustler.

[mizzao]

Ah. The context is I was just showing it to my friend for feedback; the plan was to raise capital from HNWIs and "angel" investors.

I use "angel" in quotes here because this was intended to be a cashflow business, not a high-growth company.