The round in numbers
RoundUS$775,000
Equity34.1%
Pre-moneyUS$1,500,000
Post-moneyUS$2,275,000
24-month spendUS$693,010
24-month revenueUS$55,496
Monthly revenue, month 24US$7,810
Peak cash usedUS$637,515
Buffer if revenue landsUS$137,485
BreakevenNot within 24 months
Charts
Monthly revenue vs. spend
Bars: monthly operating cost. Line: projected revenue.
SpendRevenue
Cash used vs. round size
Cumulative loss (spend − revenue). While it stays below the dashed line, the round is enough.
Cumulative cash usedRound
Where does each month go?
Monthly spend by category: the team is the main cost.
Hired teamFoundersInfrastructure and AILegal and toolsMarketing
Use of funds (24 months)
How the full round is allocated, contingency included.
Product and engineering teamUS$385,297 · 50.5%
Sales, marketing and customer successUS$147,219 · 19.3%
Founders (time dedicated to the project)US$54,642 · 7.2%
Infrastructure and AI computeUS$29,052 · 3.8%
Legal, compliance and toolsUS$76,800 · 10.1%
Contingency (10%)US$69,301 · 9.1%
How it is calculated
- Cost per person = gross monthly salary in MXN × 1.35 (payroll burden) ÷ 18.5 MXN per dollar. E.g. AI / ML engineer, MXN 85,000 → US$6,203 per month.
- Founders: the 3 partners spend 12% of their time on this product = US$2,277 per month.
- Infrastructure and AI starts at US$900 per month and grows 3% a month with usage, reaching US$1,521 in month 24.
- Monthly spend = team + founders + infrastructure and AI + legal and tools + marketing. The 24 months add up to US$693,010.
- Round size = gross spend US$693,010 + 10% contingency US$69,301, rounded up to US$25k = US$775,000. Revenue is not netted out: if it does not arrive, the round still covers 24 months.
- Peak cash used = the highest point of cumulative loss (spend − revenue) = US$637,515, in month 24. Buffer = round − peak cash used = US$137,485.
- Equity = round ÷ (pre-money + round) = US$775,000 ÷ US$2,275,000 = 34.1%. The pre-money is anchored on real comparables (see Valuation).
- Breakeven: not reached within 24 months under these assumptions.
Revenue estimate
Monthly revenue from US$390 in month 1 to US$7,810 in month 24 (US$93,717 annualized); US$55,496 cumulative over 24 months. Assumptions:
- Average revenue per active user: US$6/month (net performance fees + plans).
- Users: moderate growth through month 6 (regulatory phase), then 16% monthly: ~1,300 users by month 24.
- No growth in capital per user and no outsized returns are assumed.
Funded team
Market gross salaries for startups in Mexico; employer cost = salary × 1.35; exchange rate 18.5 MXN/USD.
| Role | Gross salary/month | Allocation | From | Cost US$/month |
|---|
| AI / ML engineer | MXN 85,000 | 1 | Month 1 | US$6,203 |
| Senior full-stack engineer | MXN 75,000 | 1 | Month 1 | US$5,473 |
| Compliance officer | MXN 60,000 | 1 | Month 1 | US$4,378 |
| Support / operations | MXN 25,000 | 1 | Month 4 | US$1,824 |
| Growth / digital marketing | MXN 45,000 | 1 | Month 7 | US$3,284 |
| Founders (12% of their time) | — | — | Month 1 | US$2,277 |
Operating expenses
| Item | US$/month (month 1) |
|---|
| Infrastructure (servers, database, telephony) | US$500 |
| AI compute (LLM, voice, OCR) | US$400 |
| SaaS tools | US$300 |
| Legal, accounting and compliance | US$2,500 |
| Other (office, travel, insurance) | US$400 |
| Marketing | US$800 |
Infrastructure and AI compute grow 3% a month; everything else stays flat.
Valuation: why this pre-money
Below the YC reference (US$1.79 M post) and the LatAm average (US$2.1 M): there is no revenue, the pilot result is negative and there is a regulatory blocker.
| Comparable | Actual data | Source |
|---|
| Composer (US) | US$6 M Series A in 2022, no public valuation | betakit.com |
| Wealthfront (US) | IPO Dec-2025 at ~US$2.0–2.6 B with ~US$340 M ARR | morningstar.com; saastr.com |
| GBM (Mexico) | SoftBank investment of up to US$150 M; reports place it >US$1 B [verify] | sharecast.com |
See month-by-month table
| Month | Revenue | Spend | Net cash flow | Cumulative cash used |
|---|
| Month 1 | US$390 | US$23,231 | −US$22,841 | US$22,841 |
| Month 2 | US$420 | US$23,258 | −US$22,838 | US$45,679 |
| Month 3 | US$450 | US$23,285 | −US$22,835 | US$68,513 |
| Month 4 | US$480 | US$25,136 | −US$24,656 | US$93,170 |
| Month 5 | US$510 | US$25,163 | −US$24,653 | US$117,823 |
| Month 6 | US$540 | US$25,190 | −US$24,650 | US$142,473 |
| Month 7 | US$626 | US$30,201 | −US$29,575 | US$172,047 |
| Month 8 | US$727 | US$30,228 | −US$29,501 | US$201,549 |
| Month 9 | US$843 | US$30,255 | −US$29,412 | US$230,961 |
| Month 10 | US$978 | US$30,282 | −US$29,304 | US$260,265 |
| Month 11 | US$1,134 | US$30,309 | −US$29,175 | US$289,440 |
| Month 12 | US$1,316 | US$30,336 | −US$29,020 | US$318,460 |
| Month 13 | US$1,526 | US$30,363 | −US$28,837 | US$347,297 |
| Month 14 | US$1,770 | US$30,390 | −US$28,620 | US$375,916 |
| Month 15 | US$2,054 | US$30,417 | −US$28,363 | US$404,280 |
| Month 16 | US$2,382 | US$30,444 | −US$28,062 | US$432,341 |
| Month 17 | US$2,763 | US$30,471 | −US$27,708 | US$460,049 |
| Month 18 | US$3,205 | US$30,498 | −US$27,292 | US$487,341 |
| Month 19 | US$3,718 | US$30,525 | −US$26,807 | US$514,148 |
| Month 20 | US$4,313 | US$30,552 | −US$26,239 | US$540,387 |
| Month 21 | US$5,003 | US$30,579 | −US$25,576 | US$565,962 |
| Month 22 | US$5,804 | US$30,606 | −US$24,802 | US$590,764 |
| Month 23 | US$6,733 | US$30,633 | −US$23,900 | US$614,664 |
| Month 24 | US$7,810 | US$30,660 | −US$22,850 | US$637,515 |
A projection, not a result: the figures depend on the stated assumptions and are not a public offering of securities.
