Venture Capital firm - 3 financial statements
Hello,
I am starting a Web3 VC firm with 2 friends and I'm building the 3 financial statements. Can anyone provide any input? I need lots of help to actually make this functional. I feel like I am missing / adding unnecessary line items. If there is more info that would help, I can provide.
Any help is appreciated.
Fyi this is not a shit post. I actually need help.
Ahoy there! Diving into the world of Web3 and starting a VC firm sounds like an exhilarating adventure. Let's swing through the financial jungle and see how we can help you build those crucial three financial statements: the income statement, balance sheet, and cash flow statement. Based on the highest ranked content on WSO, here's a vine of wisdom to swing from:
Income Statement:
Balance Sheet:
Cash Flow Statement:
Remember, the key to making these statements functional is to ensure they accurately reflect your firm's operations and financial health. It's also crucial to regularly update them as your firm grows and evolves.
If you're feeling tangled in the details, consider reaching out for professional advice or diving into some of the financial modeling resources available on WSO. They offer a treasure trove of templates and guides that could help streamline your process.
Best of luck with your Web3 venture! Remember, even in the densest financial jungles, there's always a path to be found.
Sources: Patents - Three Financial Statements, VC startup idea - PE or VC interest? Are these numbers viable?, Any suggestions on revenue projection practice material?, Building A Startup From Day 1 - The Documentary, Venture Capital Associate Fielding Questions
If you can afford to start a fund you can afford to hire an accountant...
true ig but i wanna do it myself so i can learn
Why did you not pay attention in school?
im a first year in college lol
Insane question for someone starting a VC fund to not even know the three financial statements.
we don't analyze financial statements. We quite literally analyze the team, purpose, and tokenomics. this is being built so we can track our own finances
wish there was a RemindMe! feature on WSO so I could come back to this in 3 years and see how much LP capital you evaporated. Best of luck my friend.
A young Caroline Ellison in the making
Wrong place to ask for help with fund accounting especially as a student (coming from a student lol)
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