# Financial model analyzer for founders

> Drop in your startup's financial model and see the questions an investor will ask about it: growth, the hockey stick, margins, runway, burn multiple and the...

Source: https://millionrounds.com/model-analyzer (Millionrounds; every figure on the page links to its filing or article)

Model Analyzer

# What a partner will *ask* about your model.

Drop in your financial model and get the questions it will raise in the meeting: the growth, the bend where actuals become forecast, margins, runway, burn and the round itself. Each one with the figure behind it and what to have ready.

**Read in your browser, never uploaded.** No login, no AI, nothing kept.

**Drop your model here** Choose a file.xlsx,.xls or.csv · or read the example below

Showing the example: Acme Analytics, a seed-stage software company with twelve months of actuals and a three-year plan.

**Questions to prepare for**

Revenue, costs and cash, by month

Revenue Costs Cash Forecast

The plan, a year at a time

**What we read**

Rows are matched by their labels. If one is wrong, pick the right row and everything recalculates.

What it checks

## Eight things a partner reads first

01

Growth

**Year on year against the fastest companies' path**

Tripling twice then doubling is roughly the best software companies managed. Beyond it, a plan reads as a target.

02

The bend

**Actuals against the forecast, at the join**

Monthly growth before today and after it. A kink exactly where the forecast starts is the hockey stick partners look for first.

03

Margin

**Gross margin for the kind of business**

Revenue is valued by what is left after delivering it. The bar differs for software, fintech, marketplaces and hardware.

04

Cash

**Runway, cash-out month and breakeven**

From the model's cash line, or built here from the raise and the monthly net. Partners want 18 to 24 months.

05

Efficiency

**Burn multiple**

Cash burned for each dollar of new annual recurring revenue. The single number investors compare efficiency with.

06

Team

**Revenue per head and the hiring plan**

A plan that triples revenue without hiring is missing the people who would deliver it.

07

Acquisition

**Cost and payback of a customer**

Marketing spend over new customers, set against what each customer earns at your margin.

08

The round

**The raise against rounds like it**

Measured from the rounds we hold: seed rounds over two years had a median of $3.5M.

## Model ready. Is the rest?

The Fundability Test scores the whole raise against rounds like yours, and Deck Tracking shows which slides investors read.

[Take the Fundability Test](https://millionrounds.com/fundability)[Deck Tracking](https://millionrounds.com/deck-tracking)

## Questions

Is my model uploaded?

No. The file is opened by your browser and read there; nothing about it is sent to Millionrounds or anyone else. Close the tab and it is gone. The only data that comes from our side is the round sizes it is compared with.

Does an AI read it?

No. The checks are arithmetic and stated rules of thumb, the same ones partners use, so each question shows the figure that raised it. Where a rule is a rule of thumb, the page says so.

What formats work?

Excel (.xlsx and.xls), CSV, and anything that exports to them: Google Sheets, Numbers, LibreOffice. The model needs a row of periods (months, quarters or years) above its numbers, which almost every model has.

It picked the wrong row for revenue.

Rows are matched by their labels, which is a guess. Under "What we read" every line has a list of all the rows found in the model: pick the right one and everything recalculates.

Which month counts as today?

The first period dated this month or later is taken as the start of the forecast; everything before it is treated as actuals. Change it under the settings if your model is laid out differently.

Is this advice?

No. It is a rehearsal: the questions a partner is likely to ask, so the answers are ready before the meeting. A good answer beats a perfect model.