34 results found
- InSITE and Finply Join Forces
We are extremely excited to announce that Finply has recently been selected into the InSITE Fellowship Program. InSITE is a highly competitive leadership development program composed of exceptional graduate students at top universities who engage in semester-long consulting projects for emerging companies. We are partnering with InSITE DC and will be working with InSITE fellows between October and December. Our team of Georgetown University graduate students will work closely with us on a go-to-market strategy for Finply. Meet the Team Our team consists of four MBA students in the Georgetown University McDonough School of Business: Lauren Gibson, Lauren Jordan, Nikhil Manojkumar, and Tristan Hough. A brief description of each team member is listed below. To learn more about a member, simply click on their name to visit their LinkedIn profile. Lauren Gibson, the Team Lead, is a first-year MBA with a background in human rights non-profit management and a passion for financial technology. She is excited by Finply’s mission of providing financial transparency to startups. Lauren Jordan is a first-year MBA socially impact minded educator and entrepreneur with an interest in sustainable business. She previously worked as a Program Director at LearnServe International teaching youth social entrepreneurship. Nikhil Manojkumar is a second-year MBA student with a background in engineering and investment banking. He worked in public sector consulting pre-MBA and is pursuing an MBA to develop strong business acumen. Tristan Hough coined his first exposure to startups through another fellowship program called Venture for America. He was the tenth employee at an ed-tech startup holding various sales and customer success positions throughout multiple acquisitions. We are super excited to begin working with our team and for the expertise they each bring to the table. At Finply, we want to make financial modeling as simple as possible for you and your business. Through our InSITE partnership, we will work to ensure Finply’s go-to-market strategy enables us to help as many startups as possible. To get started today building powerful financial models for your startup, visit our website!
- How Should You Charge Your Customers?
Determining the way your startup will price and ultimately charge its customers is fundamentally one of the most important things you can get right as a founder. Your pricing strategy can make or break your business before it even begins. Imagine if Facebook was a subscription service that charged users a monthly fee and didn't run ads? Do you think Facebook would be as successful as they are now as a result? Maybe, maybe not. One thing is for sure though. Thousands of entrepreneurs start businesses every year and have no idea what business models are out there. Imagine if you had the list of possibilities at the beginning? It would probably save you a lot of time, right? Well, luckily we're in the business of saving entrepreneur's time. Today we're going to present a list of nine business models, not industries, that every business falls into. This list was popularized by YCombinator, one of the world's most well-respected startup organizations. Let's take a look at the list. Enterprise - Enterprise businesses sell services or software to customers on a singular-basis. That is, they have contracts with fixed prices and terms. Not many startups adopt the enterprise business model. It often leads to having a long sales pipeline and high contract values. Some companies that use the enterprise business model are Docker, Cloudera, and FireEye. Software-as-a-Service (or SaaS) - As one of the most popular business models out there in the tech world, SaaS companies sell subscription-based licenses for some form of cloud-hosted solution or tool. Some companies that use the SaaS model are Segment, Ironclad, and Sendbird. Usage-Based - Usage-based models are rising in popularity, especially due to the rise of cloud services from Amazon Web Services, Microsoft, and Google. These companies charge their customers only by the amount in which the customer uses a particular product or service. Subscription - Another popular model is the subscription model wherein a company sells a product or service to a consumer on a recurrent basis. Think of companies like The Athletic, Dollar Shave Club, and Blue Apron. Transactional - Here is a business model that is everywhere, but it's not necessarily in the limelight. Transactional businesses charge customers a percentage of another transaction. Think of a real estate agent commission or financial services companies such as Stripe, PayPal, or Visa. Marketplace - Marketplace businesses have been around for many years. A marketplace model exists when an intermediary provides value supporting a transaction of a third-party buyer and seller. Think of companies like Uber, Airbnb, Amazon, or eBay. E-Commerce - E-commerce businesses have blown up in popularity with the rise of the internet and continues to grow at an ever-increasing rate. E-commerce businesses sell goods on the web to customers. Some companies that use the e-commerce model are Warby Parker, Bonobos, and Memebox. Advertising - Running ads is not a new concept but is a model that many folks never knew existed. Within the advertising business model, businesses offer free services to customers and collect revenue from advertisers who show ads to the business's customers. Think of YouTube creators that run ads on their channels or large social media sites like Facebook, Snapchat, or Twitter. Hardware - Hardware companies aren't as popular as they once were, but there are still plenty of opportunities out there to create successful hardware businesses. A hardware business sells physical devices, normally hardware + software combined goods, to customers. Think of companies like Apple, Fitbit, and GoPro. There's a lot to take in here, but start learning each individually and find real-world examples. As you work through the startup process, think of how you will charge your customers. Having a strong foundation on what exists is important for not making costly mistakes down the road. As your business grows, you might be able to incorporate multiple models into one company among different departments, but at the beginning, we recommend identifying the model you plan to use during your go-to-market strategy.
- Finply 1.1
We have just released Finply 1.1! Finply 1.1 includes updates and new features making it even easier for you to build robust financial models for your start-up. Let’s take a look at what’s new. Introducing sheets to Finply! Finply 1.1 utilizes sheets similar to Excel. You no longer need to upload a CSV file as your data can be typed directly into the app. The built-in sheet is preconfigured with similar rows and columns layout to Excel as well as navigation functionality. To move to the next column, simply use the tab key or the left and right arrows. To move to the next row, use the enter/return key or the up and down arrows. As seen in the picture below, Finply is constructed with predetermined column names to guide you to the relevant aspects of your business. To learn more about the meaning of each column name or the information you should include, please refer to our previous article. The sheet can easily be configured to fit your business with its built-in functionality to add more rows. To do so, simply select any box in the current bottom row and press the enter/return key. Forgot to include a market segment between rows 2 and 3? No problem! To add a new row before or after an existing row, right-click any row and select the desired option of adding a row before or after the selected row. Row(s) can also be removed by selecting the row(s) using the control key for MacBook users and the control key and then right-clicking any selected line for Windows users. This will display a pop-up menu containing the delete option. Windows users can also press the delete key after selecting the rows to remove them. Important things to note with the sheet function If the sheet is missing data in any column, that row will be removed from the calculated assumptions. Removing all rows will render the sheet useless and you’ll have to start the app again or create a new sheet using the show data button. By default, the app starts off with one row of example data. Simply type in your own data to get started building your own models or play around with the demo data to gain a better understanding of Finply. A CSV file can still be uploaded if that method is preferred. Get started using Finply 1.1 today as building robust financial models for your company has never been easier. As always, we would greatly appreciate any feedback you have regarding the new update or any aspect of Finply. Please use this link to suggest a feature or give us your thoughts to make Finply the best possible platform for you and your company!
- Financial Models Made Simply | Finply
Powerful Financial models made simply. How It Works 1 FAST Creating financial models in spreadsheets takes a lot of time that you already don't have. We make modeling fast so you can get back to running your business. 2 SECURE We don't store your data so only you and those you choose to have access to your financial models can see your information. 3 EASY We designed our solution with non-finance founders and entrepreneurs in mind. We take all the weight off your shoulders and make things easy for you. Request A Demo To schedule a product demo with one of our product consultants, please fill in your email and availability. > Thanks for submitting! Finply makes life easy. Do you model in spreadsheets? Dealing with complex financial models in spreadsheets are no fun. Especially when you think you're finished and out of nowhere you find an issue with your calculations. Finply reduces the complexity of financial modeling by focusing on what matters most. Do you have the time to model? Time is your most precious resource as an entrepreneur. You have a business to run, so you shouldn't be behind a spreadsheet fixing formula errors. Finply lets you build robust financial models in minutes, not hours or days. Do you wish of a better way? Now you don't have to wish for a better way. Finply solves your worst pain points and gives you your time back. You have a company to run, money to raise, and a world to change. Finply lets you do more of what you enjoy.
- Partners | Finply
Our Partners Meet the strategic partners that help us learn and grow so that we can provide a better end-product to entrepreneurs and founders across the globe. Our partners also help create a rich, vibrant ecosystem where we can help connect startups with the resources they need to be successful.
The Finply Team Aneesh Antãl Chief Technology Officer Garrett Ramela Chief Financial Officer Luis Aguilar Levy Chief Executive Officer