Round size worksheet
Build the raise number from what it has to pay for, rather than starting from a round figure.
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Round size and runway · Spreadsheet
Runway and burn tracker
A month-by-month sheet for cash in, cash out, and the runway that falls out of the two.
Runway is a cash calculation and a strategy choice at once, and the number is only as good as the burn behind it. This workbook holds both halves: the month-by-month record of what actually went out, and the model that turns it into a raise number.
Like the planner it comes from, it is unitless. Enter every figure in the same currency and no symbol is assumed — the arithmetic does not care which one you are in, and pretending otherwise would make the file wrong for most of the people who open it.
Spreadsheet
What is in it
Monthly actuals
One row per month: cash in, cash out, and the net burn and closing balance that fall out of them. Twelve months of blank rows, formatted and formula-carrying.
Raise model
The planner's four inputs, and the base and buffered scenarios calculated from them. Fill the four blue-labelled inputs; everything below them is calculated.
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Get the spreadsheet
The template is ready. Add your email to open it, and you will also get The Raise Memo — a note for founders raising capital.
How to use it
Notes
The model assumes a flat monthly net burn, which real companies rarely have. Use the monthly actuals tab to see what your burn is actually doing, and re-enter the figure here when it moves rather than leaving a number from three months ago driving the raise gap.
Where this comes from
The thinking behind it
Take it with you
Related templates
Scenario planner one-pager
Three runway scenarios on one page, so the plan survives the round closing late or small.
Copyable template
From the publication
Read The Raise Memo
A note for founders raising capital—what investors notice, how conviction gets built, and what to do next.
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