The round in numbers
RoundUS$475,000
Equity20.9%
Pre-moneyUS$1,800,000
Post-moneyUS$2,275,000
24-month spendUS$428,087
24-month revenueUS$527,372
Monthly revenue, month 24US$71,428
Peak cash usedUS$115,607
Buffer if revenue landsUS$359,393
BreakevenMonth 15
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$38,311 · 8.1%
Sales, marketing and customer successUS$226,808 · 48.2%
Founders (time dedicated to the project)US$36,428 · 7.7%
Infrastructure and AI computeUS$16,140 · 3.4%
Legal, compliance and toolsUS$110,400 · 23.4%
Contingency (10%)US$42,809 · 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. B2B account executive, MXN 40,000 → US$2,919 per month.
- Founders: the 3 partners spend 8% of their time on this product = US$1,518 per month.
- Infrastructure and AI starts at US$500 per month and grows 3% a month with usage, reaching US$845 in month 24.
- Monthly spend = team + founders + infrastructure and AI + legal and tools + marketing. The 24 months add up to US$428,087.
- Round size = gross spend US$428,087 + 10% contingency US$42,809, rounded up to US$25k = US$475,000. 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$115,607, in month 14. Buffer = round − peak cash used = US$359,393.
- Equity = round ÷ (pre-money + round) = US$475,000 ÷ US$2,275,000 = 20.9%. The pre-money is anchored on real comparables (see Valuation).
- Breakeven = first month in which revenue covers spend: month 15.
Revenue estimate
Monthly revenue from US$1,760 in month 1 to US$71,428 in month 24 (US$857,132 annualized); US$527,372 cumulative over 24 months. Assumptions:
- Reported revenue = gross margin (sales minus cost of parts), not total sales.
- Sales of US$15k/month in month 2, growing 15% monthly: ~US$325k/month by month 24.
- Average gross margin of 22% (mix of routine parts, rotables and AOG).
- 'Other' includes warehousing and receiving in Miami, insurance and logistics not passed on to customers (US$2,500/month).
- Working capital of US$150k for purchases without a deposit and AOG; turns every 30–45 days.
Funded team
Market gross salaries for startups in Mexico; employer cost = salary × 1.35; exchange rate 18.5 MXN/USD.
| Role | Gross salary/month | Allocation | From | Cost US$/month |
|---|
| B2B account executive | MXN 40,000 | 1 | Month 1 | US$2,919 |
| Customer success / implementation | MXN 35,000 | 1 | Month 3 | US$2,554 |
| Full-stack developer | MXN 50,000 | 0.5 | Month 4 | US$1,824 |
| B2B account executive | MXN 40,000 | 1 | Month 9 | US$2,919 |
| Support / operations | MXN 25,000 | 1 | Month 6 | US$1,824 |
| Founders (8% of their time) | — | — | Month 1 | US$1,518 |
Operating expenses
| Item | US$/month (month 1) |
|---|
| Infrastructure (servers, database, telephony) | US$200 |
| AI compute (LLM, voice, OCR) | US$300 |
| SaaS tools | US$600 |
| Legal, accounting and compliance | US$1,500 |
| Other (office, travel, insurance) | US$2,500 |
| Marketing | US$800 |
Infrastructure and AI compute grow 3% a month; everything else stays flat.
Valuation: why this pre-money
Business operating with a real customer in the sector, but no documented sales. Parts brokers are worth little compared with software (see ePlane AI and PartsBase).
| Comparable | Actual data | Source |
|---|
| ePlane AI (US) | US$9 M Series A (2020), ~US$16.5–20 M raised in total | techcrunch.com; caplight |
| PartsBase (US) | Taken private at US$1.22 per share (2002) | sec.gov |
| Aerotrax | Acquired by LGM Aviation (2024); had raised ~US$0.5 M | pitchbook.com |
See month-by-month table
| Month | Revenue | Spend | Net cash flow | Cumulative cash used |
|---|
| Month 1 | US$1,760 | US$10,337 | −US$8,577 | US$8,577 |
| Month 2 | US$3,300 | US$10,352 | −US$7,052 | US$15,629 |
| Month 3 | US$3,795 | US$12,921 | −US$9,126 | US$24,754 |
| Month 4 | US$4,364 | US$14,760 | −US$10,396 | US$35,150 |
| Month 5 | US$5,019 | US$14,775 | −US$9,756 | US$44,906 |
| Month 6 | US$5,772 | US$16,614 | −US$10,843 | US$55,749 |
| Month 7 | US$6,637 | US$16,629 | −US$9,992 | US$65,741 |
| Month 8 | US$7,633 | US$16,644 | −US$9,011 | US$74,753 |
| Month 9 | US$8,778 | US$19,578 | −US$10,800 | US$85,553 |
| Month 10 | US$10,095 | US$19,593 | −US$9,499 | US$95,051 |
| Month 11 | US$11,609 | US$19,608 | −US$7,999 | US$103,051 |
| Month 12 | US$13,350 | US$19,623 | −US$6,273 | US$109,324 |
| Month 13 | US$15,353 | US$19,638 | −US$4,285 | US$113,609 |
| Month 14 | US$17,656 | US$19,653 | −US$1,998 | US$115,607 |
| Month 15 | US$20,304 | US$19,668 | US$636 | US$114,971 |
| Month 16 | US$23,350 | US$19,683 | US$3,666 | US$111,305 |
| Month 17 | US$26,852 | US$19,698 | US$7,154 | US$104,151 |
| Month 18 | US$30,880 | US$19,713 | US$11,167 | US$92,984 |
| Month 19 | US$35,512 | US$19,728 | US$15,784 | US$77,200 |
| Month 20 | US$40,839 | US$19,743 | US$21,096 | US$56,105 |
| Month 21 | US$46,965 | US$19,758 | US$27,206 | US$28,898 |
| Month 22 | US$54,010 | US$19,773 | US$34,236 | −US$5,338 |
| Month 23 | US$62,111 | US$19,788 | US$42,323 | −US$47,661 |
| Month 24 | US$71,428 | US$19,803 | US$51,624 | −US$99,285 |
A projection, not a result: the figures depend on the stated assumptions and are not a public offering of securities.
