How to Use the Funding Requirement Calculator
The Funding Requirement Calculator helps you estimate how much funding your startup needs to reach a specific milestone or goal. Here's how you can use the calculator:
- Current Monthly Expenses ($): Enter your current monthly operating expenses.
- Projected Monthly Expenses ($): Enter your projected monthly expenses for the future.
- Desired Milestone (months): Enter the number of months until you reach your desired milestone or goal.
- Current Cash on Hand ($): Enter the amount of cash you currently have available.
Click the "Calculate Funding" button to get the estimated funding requirement for your startup.
Example
Let's assume the following values for your startup:
- Current Monthly Expenses: $50,000
- Projected Monthly Expenses: $60,000
- Desired Milestone: 12 months
- Current Cash on Hand: $200,000
Using these values, the calculator will estimate the total funding required to reach your desired milestone.