Hey guys, I’m the developer at LTSE that built Runway, a free, visual tool to help you understand, manage and extend your cash runway. I built it for founders like me, who aren’t the biggest fan of spreadsheets, but want to build a sound financial model for my company. I’d love to hear your thoughts!
@gazzer82 Hey gazzer82, yes we have one integration in the works which we will release soon. This will allow you to overlay your actual balance history on top of your planned balance.
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@gazzer82 There are tools like Float that already do this. :)
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@itswillcurran I've tried several, but they all generally fall over in one way or another. Quite often in how they handle VAT in the U.K. Any you would recommend in case I've missed them?
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@gazzer82 I assume if Xero or Quickbooks online manage VAT well then Float would handle it perfectly. It's about making sure your accounting is setup correctly. I don't know about VAT to know for sure but I don't see why not?
Designers are getting a pretty bad deal in the product screenshot estimate and I feel really bad for the Part-time CFO but great product nonetheless 👌😀
Awesome tool, would love to see the possibility to model CAC, Churn, COGS and also different type of revenue models like Freemium / HW + Saas, etc. Do you intend to implement that ?
I have been working on a financial model for my startup in the last couple of days and ended up using Google sheet. What is great with a tool like that is to make the results visuals in order to understand what are the parameters that will drive growth and when the cash curve get negative to anticipate financing.
@alexwayen We have a few ideas around those models as well. One simple thing we were thinking was a cone shape graph to at least show you best/worst case scenarios.
Wow @ericries another fantastic resource, thank you (and the whole team) so much. Been playing around with a scenario on the tool and it's super fast/easy to get it set up and modify to look at different scenarios. Critical knowledge but easy enough to get back on the task of building one's startup. Kudos.
It would be great to be able to export some graph and summary data for a pitch deck in a standard size (16:9 / 4:3). You could have a branded export like "generated with Runway" to spread the word among Startup founders and investors.
@alexwayen@cambel We got a lot of that - how do you see it working? would you be ok to download a template from us and fill it out? That might be the quickest way to implement it imo
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This is awesome. Would love the ability to use multiple currencies: some of out costs are in USD and some are in GBP.
I have worked with a lot of startups over the years, and one of the most common question any founder ever gets is: how much runway do you have left? I am repeatedly astonished how few founders really know the answer to this question. If that's you, you need to get on that right now! Don't take a guess or trust your gut on this one.
On the other hand, you can easily count the ways building your own excel/sheets version of this model from scratch sucks. Mistakes, bad security, terrible sharing, etc.
The LTSE team wanted to come up with something better, and this is our attempt. Thanks for all the comments so far! We love to hear your feedback.
@ericfriedman founders, especially early stage founders, are strapped for cash. a tool to help manage their cash shouldn't charge them :)
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I achieved so much from this tool after toiling with it for half an hour. I spent like over two-weeks in Excel struggling to do the same thing. Thank you, makers!!!!
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