The round in numbers
RoundUS$450,000
Equity31%
Pre-moneyUS$1,000,000
Post-moneyUS$1,450,000
24-month spendUS$400,355
24-month revenueUS$110,554
Monthly revenue, month 24US$15,320
Peak cash usedUS$289,801
Buffer if revenue landsUS$160,199
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$262,703 · 59.7%
Sales, marketing and customer successUS$51,154 · 11.6%
Founders (time dedicated to the project)US$31,875 · 7.2%
Infrastructure and AI computeUS$25,824 · 5.9%
Legal, compliance and toolsUS$28,800 · 6.5%
Contingency (10%)US$40,036 · 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 7% of their time on this product = US$1,328 per month.
- Infrastructure and AI starts at US$800 per month and grows 3% a month with usage, reaching US$1,352 in month 24.
- Monthly spend = team + founders + infrastructure and AI + legal and tools + marketing. The 24 months add up to US$400,355.
- Round size = gross spend US$400,355 + 10% contingency US$40,036, rounded up to US$25k = US$450,000. 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$289,801, in month 24. Buffer = round − peak cash used = US$160,199.
- Equity = round ÷ (pre-money + round) = US$450,000 ÷ US$1,450,000 = 31%. 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$0 in month 1 to US$15,320 in month 24 (US$183,838 annualized); US$110,554 cumulative over 24 months. Assumptions:
- No revenue in the first 6 months (validation and CNBV registration).
- Pro subscription at US$15/month from month 7: 50 initial subscribers, 17% monthly growth (~720 by month 24).
- One new white-label adviser per month from month 9 (cap of 15) at US$300/month.
Funded team
Market gross salaries for startups in Mexico; employer cost = salary × 1.35; exchange rate 18.5 MXN/USD.
| Role | Gross salary/month | Allocation | From | Cost US$/month |
|---|
| AI / ML engineer | MXN 85,000 | 1 | Month 1 | US$6,203 |
| Full-stack developer | MXN 50,000 | 1 | Month 7 | US$3,649 |
| Compliance officer | MXN 60,000 | 0.5 | Month 3 | US$2,189 |
| Growth / digital marketing | MXN 45,000 | 0.5 | Month 7 | US$1,642 |
| Founders (7% of their time) | — | — | Month 1 | US$1,328 |
Operating expenses
| Item | US$/month (month 1) |
|---|
| Infrastructure (servers, database, telephony) | US$200 |
| AI compute (LLM, voice, OCR) | US$600 |
| SaaS tools | US$200 |
| Legal, accounting and compliance | US$800 |
| Other (office, travel, insurance) | US$200 |
| Marketing | US$0 |
Infrastructure and AI compute grow 3% a month; everything else stays flat.
Valuation: why this pre-money
Idea stage: fork of an open-source project, no users. Below any reference.
| Comparable | Actual data | Source |
|---|
| Composer (US) | US$6 M Series A in 2022 | betakit.com |
| Betterment (US) | >1 M accounts, US$63 B under management (Oct-2025) | filings via investingintheweb.com |
See month-by-month table
| Month | Revenue | Spend | Net cash flow | Cumulative cash used |
|---|
| Month 1 | US$0 | US$9,531 | −US$9,531 | US$9,531 |
| Month 2 | US$0 | US$9,555 | −US$9,555 | US$19,086 |
| Month 3 | US$0 | US$11,768 | −US$11,768 | US$30,854 |
| Month 4 | US$0 | US$11,792 | −US$11,792 | US$42,646 |
| Month 5 | US$0 | US$11,816 | −US$11,816 | US$54,462 |
| Month 6 | US$0 | US$11,840 | −US$11,840 | US$66,302 |
| Month 7 | US$750 | US$18,355 | −US$17,605 | US$83,906 |
| Month 8 | US$878 | US$18,379 | −US$17,501 | US$101,407 |
| Month 9 | US$1,327 | US$18,403 | −US$17,076 | US$118,483 |
| Month 10 | US$1,801 | US$18,427 | −US$16,625 | US$135,108 |
| Month 11 | US$2,305 | US$18,451 | −US$16,145 | US$151,254 |
| Month 12 | US$2,844 | US$18,475 | −US$15,630 | US$166,884 |
| Month 13 | US$3,424 | US$18,499 | −US$15,075 | US$181,958 |
| Month 14 | US$4,051 | US$18,523 | −US$14,472 | US$196,430 |
| Month 15 | US$4,734 | US$18,547 | −US$13,813 | US$210,243 |
| Month 16 | US$5,481 | US$18,571 | −US$13,089 | US$223,332 |
| Month 17 | US$6,305 | US$18,595 | −US$12,289 | US$235,622 |
| Month 18 | US$7,218 | US$18,619 | −US$11,401 | US$247,022 |
| Month 19 | US$8,235 | US$18,643 | −US$10,407 | US$257,430 |
| Month 20 | US$9,374 | US$18,667 | −US$9,293 | US$266,722 |
| Month 21 | US$10,656 | US$18,691 | −US$8,035 | US$274,757 |
| Month 22 | US$12,104 | US$18,715 | −US$6,610 | US$281,368 |
| Month 23 | US$13,748 | US$18,739 | −US$4,991 | US$286,358 |
| Month 24 | US$15,320 | US$18,763 | −US$3,443 | US$289,801 |
A projection, not a result: the figures depend on the stated assumptions and are not a public offering of securities.
