Ventures In Tech | Discussing The Ever-changing Worlds Of Vc, Startups, & Tech

Episode Transcript: ADAM MCGOWAN [00:08]: Welcome to episode three of Ventures in Tech, brought to you by Firefield. This is Adam McGowan and on today’s show we are going to discuss financial projections made by entrepreneurs for the purposes of raising capital. I’ll again be joined by my colleague from Firefield, Henry Reohr, who will be guiding today’s chat. And with that I’ll let Henry take it away. HENRY REOHR: [00:31]: Adam I have heard you tell a number of entrepreneurs that investors don’t care about their financial projections. Since projections are standard in most pitch decks, that can’t actually be true. Were you just being sarcastic? ADAM [00:44]: Sarcastic? Not really. Mildly hyperbolic?… Okay, maybe that. But I would say that in some very specific cases my statement is totally true and I would stand behind it. I think the way I can stand behind it is to start by defining the scenarios I’m really talking about. These would be early stage ventures that have not already raised a round of capital, p