The round in numbers
RoundUS$425,000
Equity29.8%
Pre-moneyUS$1,000,000
Post-moneyUS$1,425,000
24-month spendUS$380,371
24-month revenueUS$435,000
Monthly revenue, month 24US$45,000
Peak cash usedUS$117,732
Buffer if revenue landsUS$307,268
BreakevenMonth 14
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$131,351 · 31.4%
Sales, marketing and customer successUS$110,781 · 26.5%
Founders (time dedicated to the project)US$68,303 · 16.3%
Infrastructure and AI computeUS$38,736 · 9.3%
Legal, compliance and toolsUS$31,200 · 7.5%
Contingency (10%)US$38,037 · 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. Senior full-stack engineer, MXN 75,000 → US$5,473 per month.
- Founders: the 3 partners spend 15% of their time on this product = US$2,846 per month.
- Infrastructure and AI starts at US$1,200 per month and grows 3% a month with usage, reaching US$2,028 in month 24.
- Monthly spend = team + founders + infrastructure and AI + legal and tools + marketing. The 24 months add up to US$380,371.
- Round size = gross spend US$380,371 + 10% contingency US$38,037, rounded up to US$25k = US$425,000. 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$117,732, in month 13. Buffer = round − peak cash used = US$307,268.
- Equity = round ÷ (pre-money + round) = US$425,000 ÷ US$1,425,000 = 29.8%. The pre-money is anchored on real comparables (see Valuation).
- Breakeven = first month in which revenue covers spend: month 14.
Revenue estimate
Monthly revenue from US$0 in month 1 to US$45,000 in month 24 (US$540,000 annualized); US$435,000 cumulative over 24 months. Assumptions:
- No revenue during the pilot until month 4; the 4 pilot dealers pay from month 5.
- From month 8, ~9 dealers per month from the brand's network: ~150 by month 24.
- Proposed price: US$300 per connected dealer per month, paid by the brand.
- AI includes compute for computer-use agents and virtual desktops.
Funded team
Market gross salaries for startups in Mexico; employer cost = salary × 1.35; exchange rate 18.5 MXN/USD.
| Role | Gross salary/month | Allocation | From | Cost US$/month |
|---|
| Senior full-stack engineer | MXN 75,000 | 1 | Month 1 | US$5,473 |
| B2B account executive | MXN 40,000 | 1 | Month 5 | US$2,919 |
| Customer success / implementation | MXN 35,000 | 1 | Month 12 | US$2,554 |
| Founders (15% of their time) | — | — | Month 1 | US$2,846 |
Operating expenses
| Item | US$/month (month 1) |
|---|
| Infrastructure (servers, database, telephony) | US$600 |
| AI compute (LLM, voice, OCR) | US$600 |
| SaaS tools | US$300 |
| Legal, accounting and compliance | US$600 |
| 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
Demo stage, no pilot or revenue: same as Menteia Hedge, below the YC reference.
| Comparable | Actual data | Source |
|---|
| Authenticom (US) | US DMS data integrator; no verified valuation in this review | — |
See month-by-month table
| Month | Revenue | Spend | Net cash flow | Cumulative cash used |
|---|
| Month 1 | US$0 | US$11,619 | −US$11,619 | US$11,619 |
| Month 2 | US$0 | US$11,655 | −US$11,655 | US$23,274 |
| Month 3 | US$0 | US$11,691 | −US$11,691 | US$34,965 |
| Month 4 | US$0 | US$11,727 | −US$11,727 | US$46,692 |
| Month 5 | US$1,200 | US$14,682 | −US$13,482 | US$60,174 |
| Month 6 | US$1,200 | US$14,718 | −US$13,518 | US$73,691 |
| Month 7 | US$1,200 | US$14,754 | −US$13,554 | US$87,245 |
| Month 8 | US$3,900 | US$14,790 | −US$10,890 | US$98,135 |
| Month 9 | US$6,600 | US$14,826 | −US$8,226 | US$106,361 |
| Month 10 | US$9,300 | US$14,862 | −US$5,562 | US$111,923 |
| Month 11 | US$12,000 | US$14,898 | −US$2,898 | US$114,821 |
| Month 12 | US$14,700 | US$17,488 | −US$2,788 | US$117,608 |
| Month 13 | US$17,400 | US$17,524 | −US$124 | US$117,732 |
| Month 14 | US$20,100 | US$17,560 | US$2,540 | US$115,192 |
| Month 15 | US$22,800 | US$17,596 | US$5,204 | US$109,988 |
| Month 16 | US$25,500 | US$17,632 | US$7,868 | US$102,120 |
| Month 17 | US$28,200 | US$17,668 | US$10,532 | US$91,588 |
| Month 18 | US$30,900 | US$17,704 | US$13,196 | US$78,392 |
| Month 19 | US$33,600 | US$17,740 | US$15,860 | US$62,532 |
| Month 20 | US$36,300 | US$17,776 | US$18,524 | US$44,008 |
| Month 21 | US$39,000 | US$17,812 | US$21,188 | US$22,819 |
| Month 22 | US$41,700 | US$17,848 | US$23,852 | −US$1,033 |
| Month 23 | US$44,400 | US$17,884 | US$26,516 | −US$27,549 |
| Month 24 | US$45,000 | US$17,920 | US$27,080 | −US$54,629 |
A projection, not a result: the figures depend on the stated assumptions and are not a public offering of securities.
