How Round Funded shows LTV before the raise

Most founders quote LTV from a slide and hope nobody asks how the lifetime was built. Round Funded starts from ARPU, margin, and churn, not a vanity multiplier.

You enter average revenue per user, gross margin, and monthly churn for the same cohort window. The LTV calculator turns those into lifetime value the way investors model it, so the number is not ARPU times thirty-six months with no retention curve behind it.

If early cohorts are thin, you still see the assumptions out loud. Same inputs you already have from invoices and cohort notes. Output is the LTV you can defend before the raise, not a deck figure.

That is the whole mechanic. Revenue in, margin in, churn in, lifetime value out.