timeless ventures .pdf

C O N F I D E N T I A L

Timeless VenturesO R G A N I Z I N G , E D U C A T I O N A N D E M P O W E R I N G T H E

W O R L D ' S G R E A T E S T T H I N K E R S S I N C E 2 0 1 5 .

Business PlanPrepared March 2015

Contact Information

John Seyferth

[email protected]

248-882-6507

Timeless Ventures i

CONFIDENTIAL - DO NOT DISSEMINATE. This business plan contains confidential, trade-secret information and is shared only with the understanding that you will not share its contents or ideas with third parties without the express written consent of the plan author.

Table of Contents

Executive Summary.................................................................................1Who We Are.............................................................................................................................................................1

What We Sell ...........................................................................................................................................................2

Who We Sell To......................................................................................................................................................4

Financial Summary ..............................................................................................................................................4

Company ....................................................................................................5Company Overview..............................................................................................................................................5

Management Team...............................................................................................................................................5

Products and Services.............................................................................6Products and Services..........................................................................................................................................6

Competitors............................................................................................................................................................6

Target Market ............................................................................................8Market Overview...................................................................................................................................................8

Market Needs .........................................................................................................................................................8

Strategy and Implementation ............................................................10Marketing Plan ....................................................................................................................................................10

Milestones .............................................................................................................................................................15

Financial Plan..........................................................................................16Revenue Forecast ................................................................................................................................................16

Personnel Plan .....................................................................................................................................................17

Budget ....................................................................................................................................................................18

Loans and Investments .....................................................................................................................................19

Cash Flow Assumptions ...................................................................................................................................20

Financial Statements.............................................................................21

Timeless Ventures ii


Profit and Loss Statement.................................................................................................................................21

Balance Sheet.......................................................................................................................................................23

Cash Flow Statement .........................................................................................................................................24

Appendix ..................................................................................................26Revenue Forecast................................................................................................................................................26

Personnel Plan.....................................................................................................................................................28

Budget....................................................................................................................................................................29

Loans and Investments .....................................................................................................................................31

Profit and Loss Statement ................................................................................................................................32

Balance Sheet .......................................................................................................................................................35

Cash Flow Statement .........................................................................................................................................38

Timeless Ventures 1


Executive Summary

Who We Are

Timeless Venture Capital is a firm founded by 21 year old John Seyferth. John was

disappointed in the lack of genuine education for entrepreneurs, and firmly believes it is

essential to not only reviving Detroit, but the entire country as a whole.

We have steadily transitioned away from an "Industrial Economy" to a "Creative Economy." In

this new economy... ideas are valued above all else. They are the gold, the new currency.

Unfortunately, even though we have a society that puts creativity and imagination above all

else, we are in what as known as a creative crises.

Every kid with a decent mind goes to college, and it's a sad reality, but the industrialized,

conforming education sucks kids dry of all creativity by the time they make it through the

system. You are told to sit in linear fashion, and never question anything. Therefore, kids fail to

develop the ability to ask good questions like...

"Why is this this way?" "How can we make this better?"

Creativity and innovation as a whole relies on the ability to ask good questions... because when

you ask good questions, it lead to even better answers.

The smartest kids are starting to take notice. Stanford's design school is the number one

creative school in the country.

We need to teach kids how to be entrepreneurs, how to create REAL value for society, and how

to create even more jobs.

We need to teach design thinking, as it can be applied to real world problems that would have

the potential to benefit billions of people.

Imagine... educating kids in Africa and giving them an opportunity to create a real life for

themselves, instead of just rummaging through garbage for scraps of food everyday. THAT'S

what entrepreneurship is about, and that's what we are hoping to achieve with this company.

Timeless Ventures 2


Giving kids in Detroit and poverty stricken areas a real opportunity. What beats that?

What We Sell

We don't sell anything. Rather... we create a platform for creation.

Timeless Ventures is a cutting edge, high tech firm out of Detroit. Our mission is to organize,

educate, and empower the world's greatest thinkers.

This is a revolutionary, one of a kind idea. Unlike the rest of the venture capital industry, where

you need to have crazy connections to even get a pitch, we want our firm to be as

approachable as walking into a Starbucks.

Through top tier education associations, we will be able to educate kids on what it really takes

to be successful in this crazy world.

We call this idea Venture Capital 2.0.

Instead of profiting and charging ridiculous prices for classes that really won't help kids out

anyways, we make a profit by nurturing and investing future innovators and millionaires.

People who will do wonders for the city of Detroit and the economy as a whole.

We are the first of our kind, elevated high above any collegiate entrepreneurial program, as we

are not profiting off the system. Rather, we take great pride in only making a profit off the

results that our system produces.

We will be investing in the most passionate kids and disruptive companies with huge upside

potential, and very little downside risk.

Not only by giving kids an opportunity are we doing something genuinely good for society...

there's real money to be made off this.

Not only do we aim to combine a new form of education, largely based online, but we plan to

harness it and merge it with the booming venture capital industry.

Getting professional training, sharing ideas, talking about startups, and working side by side

with the hottest entrepreneurs in the world, kids will be going nuts over this. I know I would

be!

Timeless Ventures 3


Money crazed little nuts with brilliant ideas are going to be lining up at our door Wolf of Wall

Street style. By having a platform that values SKILLS and IDEAS more than your superficial GPA

will bring out the best of these kids creativity and Imagination. When you have nothing to

lose... That's when you start really dreaming big.

When we teach kids how to create apps and launch companies, the results and innovations

that come out will be astonishing.

Now, there's some real competition to this, so anyone on board of the firm understands the

importance of moving fast. The founder of Uber just launched a 50 million dollar fund... For the

same idea. The founders of Andreeson Horowitz, the firm who is given credit for disrupting the

entire landscape of Silicon Valley itself, raise nearly 2 billion dollars for the exact same idea.

And when I say same idea... I mean at it's core. But based on every technical factor out there,

they don't compare to what Timeless Ventures is. They are just regular venture capital firms.

WE are DIFFERENT. And we pride ourselves on that.

We plan on franchising the hell out of this idea. We fully intend on creating Silicon Valleys...

Everywhere.

To go along with our firm, we will be launching an app that helps young entrepreneurs who

are far away from our location innovate on their own. We will teach them the secrets of

creativity, and how to become a successful entrepreneur, so they can get out to Detroit, where

they belong.

Along with the app, we will also be launching a Timeless music festival that is set to hit all

major college campuses. We are going to launch a Timeless Awards show, to showcase the best

of what's going on in the world. Timeless Law will be pitching in and helping out with all of the

legal requirements.

And Timeless Talent, my talent agency, will pride itself on not just on having an arsenal of

rockstars.... but digital rockstars as well. You have the idea for the next social network? Cool.

Let's bring in some top tier coders and designers and make it happen.

The Future is bright for Timeless Inc. And anyone investing now can be assured that they are

going to hit a grand slam home run. Smart people aren't investing in the stock market

anymore, Wall Street is to unpredictable. If you can honestly tell me whether a stock is going to

go up or down please let me know so I can add it to my portfolio.

Timeless Ventures 4


Smart people are investing in the future... and the people that work in Timeless Inc. hold a very

strong conviction that, well, we are the future.

Who We Sell To

We sell to the people you would be surprised we sell to.

The kids in poverty. The kids dealing drugs.

Our pitch? Hey, stop doing things that will land you in prison. Come launch a company!

Financial Summary

Financial Highlights

Financial Highlights by Year

Timeless Ventures 5


CompanyCompany Overview

This company was started in April, 2015, but two passionate entrepreneurs by the name of

John Seyferth and Connor Mcbride.

Connor approached John one weekend about how he was so sick of the exploitative

capitalistic system. He really felt trapped. He was a student at MSU, but he wasn't passionate

about what they were teaching. He found himself wasting time in Science classes that were

meant for 8th graders and math classes that were meant for 5th graders, he wanted something

more.

John has always had had a passion for entrepreneurship. It was Connor's idea... By asking a

great question.

"John, you love startups so much... Why don't you raise money and create a venture capital

firm and invest in all these potentially world changing startup?"

3 weeks later, after many brainstorming sessions, and even more sleepless nights... They had

the blueprints for what would soon be known as Timeless Ventures.

They are both very passionate about Detroit, and that is their first mission. Starting small, but

ready to scale at the minutes notice.

Eventually, they plan on launching this firm in Silicon Valley, and eventually, all over the

world. It's such a quality idea, and both believe quality ideas deserve to be shared.

Management Team

For such a disruptive idea... A strong management team is absolutely essential.

Connor and John are both top tier entrepreneurs, but this firm would be nothing without the

supportive investors and the people who step up to the plate for their city.

We are hoping, within the next month, to have an all star management team. This idea

deserves it, that's for sure.

Timeless Ventures 6


Products and ServicesProducts and Services

Our product and service is more along the lines of an experience...

The firm is very passionate about creating amazing experiences for people. Whether it be a free

concert with kid's favorite artist, an Awards show featuring all their favorite stars, or

experiencing a platform designed specifically, not for them, but around them.

We believe kids will appreciate the amount of mental thought power that has gone into the

design of this company.

Above all else... We are experiences designers. It's what we do best. We believe good

experiences are the key to a fulfilling life. We are very passionate about it. And it shows in our

work and ideas!

Competitors

The more we know about our competitors... The better we can compete against them.

Uber just launched a 50 million dollar "startup factor."

Anderson Horowtiz, in 2 years, was able to obtain nearly 2 billion dollars in Venture Capital for

a "startup studio."

What we are doing isn't all that different... Just much more approachable, integrative, and

holistic.

We don't wait for entrepreneurs to come to us... We create entrepreneurs.

By doing so, Timeless Ventures has the potential to be the largest contributor to American jobs

compared to any other small business, startup, or company.

There's a reason these firms are raising so much money. It's because these ideas work.

Whether they don't see an opportunity to scale... I doubt their that ignorant.

Timeless Ventures 7


We are creating something 10x more awesome and innovative. It's a moonshot strategy pulled

right out of the Larry Page ( the CEO of Google and the person who is hailed as the most

ambitious person on the planet ) playbook. Create something 10x more awesome, and get 10x

the profit.

It's rare... And it's definitely an exception to the rule.

But we firmly believe exceptional companies are built by exceptional people. If the idea is

there, the team is there, the sky is the limit.

Timeless Ventures 8


Target MarketMarket Overview

Our main customer, and primary target market is very simple. Although albeit maybe not the

most profitable... We are focused on kids that have yet to have an opportunity come their way.

All of us on the firm were fortunate to have opportunities... While so many kids who are lest

fortunate then us have been deprived of one.

This may sound radical, but our main marketing will be aimed towards the kids who are

dealing drugs. As John was somewhat of a partier during his younger years, he quickly learned

that the drug dealers, even with the horrible rep that they get, they do have one thing that

separates them from most... A business mind.

They recognize an opportunity to make a profit. For the kids in Detroit, you can't blame them

for doing what they are doing. College fails to give these kids an opportunity. They need

something. And many head down a dark path due to that sad and sickening fact.

WE, meaning, anyone with money to invest, have an obligation, to these kids. We are blessed

with more than we could ever ask God for. These kids are not.

These kids have nothing. The kids in Africa... They really have nothing.

But they are passionate. They are hard working. And most importantly, they have ideas on how

to make the world a better place.

It is my hope, that through this process, we will not only find, but help CREATE the next Mark

Zuckerberg's, the next Steve Job's.

Those kids are out there. All they need is an opportunity.

If you care about them... You'll give it to them.

Market Needs

John considers himself a designer. When he designs things, he tries to view things through the

customers eyes.

Timeless Ventures 9


What problem do we need to solve for them? What do you offer that they can't get anywhere

else? Are my competitors failing them in someway?

The market is in need of a lot of things. For starters, entrepreneurial education. Going through

college and learning entrepreneurial like classes does nothing for you. Sure, it teaches you the

basics. But we can get that from reading a book.

What we REALLY need is a education that unleashes kid's creativity. What we REALLY need is

to teach kids how to be the leaders of the 21st century, the leaders our country so badly needs

and deserves.

I'm not crapping on education. Education is great for most things. But until you actually get

involved with a startup, you have zero idea of what to expect.

Kids need help creating pitches, help writing business plans. That's what our competitors are

failing to do, at it's the things that we pride ourselves in.

To get into one of the "legitimate" programs, it's a fair statement that you almost need to be a

professional entrepreneur. You need a professional business plan, a professional pitch. The

average consumer of our target market doesn't really know how to do those things.

We take a very holistic, bottom up approach.

We don't just help entrepreneurs. We help BUILD entrepreneurs. We help CREATE

entrepreneurs.

Timeless Ventures 10


Strategy and ImplementationMarketing Plan

Overview

Effective marketing is one of the most important and often neglected factors for any

startup to achieve success. You can have the best product in the world, but if you can't find

customers or convince them to try it, your venture won't get far.

Fortunately, marketing is mostly common sense, not rocket science. It's about answering basic

questions about your business. Who has a need for what you offer? How do you stack up

against the competition? How much will you charge? How will you promote your products?

Will you sell directly or through third parties? The items below will walk you through those

details and more.

I can answer all these questions in a very blunt, one sentence kind of way.

Who has the need for what we offer? Every single kid in poverty. Every single kid who has

never had an opportunity before.

How do we stack up against the competition? Our brand kicks the crap out of theirs.

How much will you charge? Free for all. We make profit on the results from the system, not the

system itself.

How will we promote our product? National television ad campaigns, integrative social media

advertising, and through Music tours, apps, and Awards shows.

Timeless Inc. is an umbrella brand, much like Richard Branson has created with Virgin

enterprises. Each brand, whether it be Timeless Ventures, Timeless Law, or Timeless Talent

Agency all helps to reinforce the positive brand perception that we hope to achieve. By having

such a high profile company aligned with such a great cause, we will amass huge amounts of

media interest.

All of these things will play a contributing factor in making Timeless Ventures the success that

it will be. When combined with an all star team, there's no way a vision this strong, with people

who are this passionate about their city? A startup like this will not fail, this I'm sure.



Positioning

Positioning is one of the most important things a company has to decide. The most obvious

and glaring question, how do we want people to view and perceive us? And, even more

importantly than that, the deepest soul searching question you can ask yourself, what is our

purpose for being here?

The team at Timeless Ventures came up with a list of core values that we felt were critical to

building a powerful, sustainable high-growth company.

1. Bold Consistent Vision - why are we here? Our purpose, we decided on the very beginning

of founding this company, is to organize, educate, and empower the world's greatest thinkers...

regardless of where they stand now.

2. Focus - What are our priorities? We, as stated before, are most passionate about helping

kids that have never had an opportunity. All of us have been blessed... It's about time we share

that.

3. Customer Satisfaction - Our goal is to make each customer an evangelist, only agree to

what you can deliver, and always deliver what you agree to.

4. Relentlessness - I always try to inspire not only myself, but my co-workers, and teams

working with us to a higher state of performance, speed, quality, completeness and ultimately

competitiveness.

5. Respect - We pride ourselves in being professional with every interaction with employees,

customers and vendors. Treat them with the utmost respect, honesty, directness and follow

through.

6. Extraordinary Teamwork - Every person has a role on the team. We hold communication

as a very high priority, with and count on everyone to play their part flawlessly as you would

expect them to count on you. When they dont (we are all human), coach and encourage,

rather than criticize and lambast.

7. Accountability - We deliver on your commitments, be transparent about progress and

outcomes, and be equally willing to reap the rewards or pay the consequences of your

performance.



8. Intelligence and Collaboration - We pride ourselves in in our ability to out-think the

competition. Constantly drive creative ideas. Listen for and bring the best ideas and practices

to the company.

9. Open and Honest Communication Speak your mind and demand the same from all

others you work with. Insist that bad news travels faster than good news.

10. Listen Well, Act Quickly Listen well, entertain the ideas of others (inside and out); seek

counsel, then act decisively.

This is not THE list for every company. It was our list based on our collective experiences,

good and bad. Your list might be different. The important thing is to have a clear, easy-to-

communicate, and easy to internalize set of values that essentially create the guard-rails for the

company. Give people the freedom to operate and get their jobs done as they need, but make

clear the boundaries within which they must operate.

To make the core values stick, relentlessly repeat them (it was always the first thing I talked

about at every managers or all-hands meeting). Recognize people when they live the core

values, especially in difficult situations publicly and in person. When they dont, promptly

and constructively coach them on how they could have handled the situation in a way that

would have been consistent with the core values.

I would argue its the only way to really lead a fast growing business you cant be directing

every action, overseeing every activity, telling everyone what to do. You need to delegate like

crazy in fast growth organizations, but you also need to know that people will act in a

consistent and responsible way. Clear core values enable that outcome.

Pricing

Questions to ask...

What does it cost you to create the product or offer the service? Will your price cover

those costs?

Will you offer free or low-cost pricing as a promotion? Will you offer discounts to your

loyal customers? What will these promotions or discounts cost you?

Is pricing part of how you will position your company to the market? Does your pricing

list support that positioning message?



What does it cost us to create the product? Aside from overhead coasts, virtually nothing.

Online education is free. Imagination and creativity is free. Passion is free. All we need is the

physical location where these kids can shine.

Our services are low cost to being with. Besides from app development, concert venues, and

website development, our services cost virtually nothing to produce. We pride ourselves in

being a very entrepreneur friendly resource. Although we offer consulting services to these

startups, we do do in a very low cost and efficient way. We're here for them. We are providing a

service to THEM. Not the other way around.

Our low cost is absolutely part of our positioning. By offering the Timeless brand in such cost

effective fashion, we really have the opportunity to stand out. It's a very powerful brand name,

and the positioning is done in equally powerful fashion.

Promotion

Each topic is like a building block. In this group (Marketing Plan), you first talked about your

business positioning, and how you compare to the competition. Then you decided on your

product pricing, and how that pricing will support your position in the market. Now, it's time

to decide how to get your message in front of the group (or groups) of customers you want to

reach.

If you think about the common traits of each customer group, which type of

advertising is more likely to find them and speak to them?

Does that type of advertising match up to your offering and your pricing? Does it fit

your image of your business?

Can you afford it?

Our customer is a very different kind of customer. They aren't inspired by what inspires us...

ButI've cracked the secret as to what does.

RAP MUSIC. These kids LOVE it. Often times, it's the only thing they can relate to.

I want to collaborate with the greats like Kanye and Eminem and get them to write

inspirational music for these kids. They should be all for it. Helping kids out by doing what

they are passionate about? They'll love the idea, not a doubt in my mind.



Now, this will cost some serious capital to make it happen. But it will be worth every penny. To

see these kids faces when, Eminem does a free concert for kids in Detroit... and then I walk out

on the stage?

Kids are going to go NUTS. It should be everything we need to draw them in.

Distribution

Will you sell direct to your customers? Do you sell online and then have your orders shipped

direct from a storage location to the customer? Will your products be delivered to a store (or

more than one store) who will sell to your customers? These are examples of distribution =

getting your products to your customers for sale.

Another idea I plan on pursuing, for kids not located in the cities that we are in, is online

venture capital. With technology advancing as far as it has, there's absolutely no reason kids

should not be able to pursue a digital startup. With our help and our people, at least.

As far as distributing this idea physically? Franchise franchise franchise. It's the name of the

game.

With a brand this powerful, and a consumer experience that's even more so?

There's not a doubt in my mind we are going to spark the entrepreneurial spirit that Detroit

needs so badly.



Milestones

Milestone Due Date Who's Responsible Details

Launch Timeless Ventures March 24, 2015 John Seyferth Today, we launch our company, Timeless Ventures

Launch Website April 04, 2015 John Seyferth

Raise Initial Funding April 10, 2015 Investor First round of funding

Raise 10 million from Renaissance Venture Capital

April 30, 2015 Timeless Ventures

Invest in Startup Mealski - 35% Ownership

May 01, 2015 Timeless Ventures

Raise 50 Million in Private Funding

July 01, 2015 Timeless Ventures



Financial PlanRevenue Forecast

Revenue Forecast

FY2016 FY2017 FY2018

Revenue

Family and Friends $2,000,000 $0 $0

Family and Friends of Friends $3,000,000 $0 $0

Renaissance Venture Fund $0 $10,000,000 $0

Various Venture Capital Funds $0 $0 $15,000,000

Private Equity and Hedge Funds $0 $0 $50,000,000

Total Revenue $5,000,000 $10,000,000 $65,000,000

Direct Cost

Family and Friends $100,000 $100,000 $100,000

Family and Friends of Friends $0 $0 $0

Renaissance Venture Fund $0 $0 $0

Various Venture Capital Funds $0 $0 $0

Private Equity and Hedge Funds $0 $0 $0

Total Direct Cost $100,000 $100,000 $100,000

Gross Margin $4,900,000 $9,900,000 $64,900,000

Gross Margin % 98% 99% 100%



Revenue by Month

About the Revenue Forecast

Personnel Plan

Personnel Table

FY2016 FY2017 FY2018

Partner $250,000 $250,000 $250,000

Partner $250,000 $250,000 $250,000

Partner $250,000 $250,000 $250,000

Managing Director / Genereal Partner $600,000 $600,000 $600,000

Partner $250,000 $250,000 $250,000

Partner $250,000 $250,000 $250,000

Partner $250,000 $250,000 $250,000

Total $2,100,000 $2,100,000 $2,100,000



About the Personnel Plan

Budget

Budget Table

FY2016 FY2017 FY2018

Operating Expenses

Salary $2,100,000 $2,100,000 $2,100,000

Employee Related Expenses $315,000 $315,000 $315,000

Marketing & Promotions $480,000 $480,000 $480,000

Rent $300,000 $300,000 $300,000

Utilities $180,000 $180,000 $180,000

Office Supplies $60,000 $60,000 $60,000

Insurance $300,000 $300,000 $300,000

Total Operating Expenses $3,735,000 $3,735,000 $3,735,000

Major Purchases

Startup $3,000,000 $0 $0

Startup $5,000,000 $0 $0

Startup $7,000,000 $0 $0

Total Major Purchases $15,000,000 $0 $0



Expenses by Month

About the Budget

Startup Costs

Loans and Investments

Loans and Investments Table

FY2016 FY2017 FY2018

Family and FriendsEquity investment $2,000,000 $0 $0

Family and Friends of FriendsEquity investment $3,000,000 $0 $0

Renaissance Venture Capital FundEquity investment $1,000,000,000 $0 $0

Total Amount Received $1,005,000,000 $0 $0



Sources of Funds

Use of Funds

Cash Flow Assumptions

Cash Flow Assumptions

Cash Inflow

% of Sales on Credit 0%

Cash Outflow

% of Purchases on Credit 0%

About the Cash Flow Assumptions

Since we receive payment at the time of our service, we have no business-to-business sales on

credit. All income generated is based on profitable startups and investments made into the

firm.



Financial StatementsProfit and Loss Statement

Profit and Loss Statement

FY2016 FY2017 FY2018

Revenue $5,000,000 $10,000,000 $65,000,000

Direct Cost $100,000 $100,000 $100,000

Gross Margin $4,900,000 $9,900,000 $64,900,000


Operating Expenses

Salary $2,100,000 $2,100,000 $2,100,000



Rent $300,000 $300,000 $300,000

Utilities $180,000 $180,000 $180,000

Office Supplies $60,000 $60,000 $60,000

Insurance $300,000 $300,000 $300,000


Operating Income $1,165,000 $6,165,000 $61,165,000

Interest Incurred $0 $0 $0

Depreciation and Amortization $1,866,667 $3,000,000 $3,000,000

Income Taxes $0 $0 $0

Total Expenses $5,701,667 $6,835,000 $6,835,000

Net Profit ($701,667) $3,165,000 $58,165,000

Net Profit / Sales (14%) 32% 89%



Gross Margin by Year

Net Profit (or Loss) by Year



About the Profit and Loss Statement

Balance Sheet

Balance Sheet

As of Period's End FY2016 FY2017 FY2018

Cash $991,165,000 $997,330,000 $1,058,495,000

Accounts Receivable $0 $0 $0

Inventory $0 $0 $0

Total Current Assets $991,165,000 $997,330,000 $1,058,495,000

Long-Term Assets $15,000,000 $15,000,000 $15,000,000

Accumulated Depreciation ($1,866,667) ($4,866,667) ($7,866,667)

Total Long-Term Assets $13,133,333 $10,133,333 $7,133,333

Total Assets $1,004,298,333 $1,007,463,333 $1,065,628,333

Accounts Payable $0 $0 $0

Sales Taxes Payable $0 $0 $0

Short-Term Debt $0 $0 $0

Total Current Liabilities $0 $0 $0

Long-Term Debt $0 $0 $0

Total Liabilities $0 $0 $0

Paid-In Capital $1,005,000,000 $1,005,000,000 $1,005,000,000

Retained Earnings $0 ($701,667) $2,463,333

Earnings ($701,667) $3,165,000 $58,165,000

Total Owner's Equity $1,004,298,333 $1,007,463,333 $1,065,628,333

Total Liabilities & Equity $1,004,298,333 $1,007,463,333 $1,065,628,333

About the Balance Sheet

All prices on balance sheet are an estimate. I tried to over estimate wherever possible.



Cash Flow Statement

Cash Flow Statement

FY2016 FY2017 FY2018

Operations

Net Profit ($701,667) $3,165,000 $58,165,000


Change in Accounts Receivable $0 $0 $0

Change in Inventory $0 $0 $0

Change in Accounts Payable $0 $0 $0

Change in Sales Taxes Payable $0 $0 $0

Net Cash Flow from Operations $1,165,000 $6,165,000 $61,165,000

Investing & Financing

Assets Purchased or Sold ($15,000,000) $0 $0

Investments Received $1,005,000,000 $0 $0

Change in Short-Term Debt $0 $0 $0

Change in Long-Term Debt $0 $0 $0

Net Cash Flow from Investing & Financing $990,000,000 $0 $0

Cash at Beginning of Period $0 $991,165,000 $997,330,000

Net Change in Cash $991,165,000 $6,165,000 $61,165,000

Cash at End of Period $991,165,000 $997,330,000 $1,058,495,000



Cash Flow by Month

Cash Flow by Year

About the Cash Flow Statement



AppendixRevenue Forecast

Revenue Forecast Table (With Monthly Detail)

FY2016 Apr '15 May '15 Jun '15 Jul '15 Aug '15 Sep '15 Oct '15 Nov '15 Dec '15 Jan '16 Feb '16 Mar '16

Revenue

Family and Friends $2,000,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Family and Friends of Friends

$3,000,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Renaissance Venture Fund $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Various Venture Capital Funds

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Private Equity and Hedge Funds

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Total Revenue $5,000,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Direct Cost

Family and Friends $8,333 $8,333 $8,333 $8,333 $8,333 $8,333 $8,333 $8,333 $8,334 $8,334 $8,334 $8,334

Family and Friends of Friends

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Renaissance Venture Fund $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Various Venture Capital Funds

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Private Equity and Hedge Funds

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0



Total Direct Cost $8,333 $8,333 $8,333 $8,333 $8,333 $8,333 $8,333 $8,333 $8,334 $8,334 $8,334 $8,334

Gross Margin $4,991,667 ($8,333) ($8,333) ($8,333) ($8,333) ($8,333) ($8,333) ($8,333) ($8,334) ($8,334) ($8,334) ($8,334)

Gross Margin % 100% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%

FY2016 FY2017 FY2018

Revenue

Family and Friends $2,000,000 $0 $0

Family and Friends of Friends $3,000,000 $0 $0

Renaissance Venture Fund $0 $10,000,000 $0

Various Venture Capital Funds $0 $0 $15,000,000

Private Equity and Hedge Funds $0 $0 $50,000,000

Total Revenue $5,000,000 $10,000,000 $65,000,000

Direct Cost

Family and Friends $100,000 $100,000 $100,000

Family and Friends of Friends $0 $0 $0

Renaissance Venture Fund $0 $0 $0

Various Venture Capital Funds $0 $0 $0

Private Equity and Hedge Funds $0 $0 $0

Total Direct Cost $100,000 $100,000 $100,000

Gross Margin $4,900,000 $9,900,000 $64,900,000




Personnel Plan

Personnel Table (With Monthly Detail)


Partner $20,833 $20,833 $20,833 $20,833 $20,833 $20,833 $20,833 $20,833 $20,834 $20,834 $20,834 $20,834

Partner $20,833 $20,833 $20,833 $20,833 $20,833 $20,833 $20,833 $20,833 $20,834 $20,834 $20,834 $20,834

Partner $20,833 $20,833 $20,833 $20,833 $20,833 $20,833 $20,833 $20,833 $20,834 $20,834 $20,834 $20,834

Managing Director / Genereal Partner

$50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000

Partner $20,833 $20,833 $20,833 $20,833 $20,833 $20,833 $20,833 $20,833 $20,834 $20,834 $20,834 $20,834

Partner $20,833 $20,833 $20,833 $20,833 $20,833 $20,833 $20,833 $20,833 $20,834 $20,834 $20,834 $20,834

Partner $20,833 $20,833 $20,833 $20,833 $20,833 $20,833 $20,833 $20,833 $20,834 $20,834 $20,834 $20,834

Total $174,998 $174,998 $174,998 $174,998 $174,998 $174,998 $174,998 $174,998 $175,004 $175,004 $175,004 $175,004

FY2016 FY2017 FY2018

Partner $250,000 $250,000 $250,000

Partner $250,000 $250,000 $250,000

Partner $250,000 $250,000 $250,000

Managing Director / Genereal Partner $600,000 $600,000 $600,000

Partner $250,000 $250,000 $250,000

Partner $250,000 $250,000 $250,000

Partner $250,000 $250,000 $250,000

Total $2,100,000 $2,100,000 $2,100,000



Budget

Budget Table (With Monthly Detail)


Operating Expenses

Salary $174,998 $174,998 $174,998 $174,998 $174,998 $174,998 $174,998 $174,998 $175,004 $175,004 $175,004 $175,004

Employee Related Expenses

$26,250 $26,250 $26,250 $26,250 $26,250 $26,250 $26,250 $26,250 $26,250 $26,250 $26,250 $26,250

Marketing & Promotions $40,000 $40,000 $40,000 $40,000 $40,000 $40,000 $40,000 $40,000 $40,000 $40,000 $40,000 $40,000

Rent $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000

Utilities $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000

Office Supplies $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000

Insurance $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000

Total Operating Expenses

$311,248 $311,248 $311,248 $311,248 $311,248 $311,248 $311,248 $311,248 $311,254 $311,254 $311,254 $311,254

Major Purchases

Startup $0 $0 $3,000,000 $0 $0 $0 $0 $0 $0 $0 $0 $0

Startup $0 $0 $0 $0 $5,000,000 $0 $0 $0 $0 $0 $0 $0

Startup $0 $0 $0 $0 $0 $0 $7,000,000 $0 $0 $0 $0 $0

Total Major Purchases $0 $0 $3,000,000 $0 $5,000,000 $0 $7,000,000 $0 $0 $0 $0 $0



FY2016 FY2017 FY2018

Operating Expenses

Salary $2,100,000 $2,100,000 $2,100,000



Rent $300,000 $300,000 $300,000

Utilities $180,000 $180,000 $180,000

Office Supplies $60,000 $60,000 $60,000

Insurance $300,000 $300,000 $300,000


Major Purchases

Startup $3,000,000 $0 $0

Startup $5,000,000 $0 $0

Startup $7,000,000 $0 $0

Total Major Purchases $15,000,000 $0 $0



Loans and Investments

Loans and Investments Table (With Monthly Detail)


Family and FriendsEquity investment

$0 $2,000,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Family and Friends of FriendsEquity investment

$3,000,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Renaissance Venture Capital FundEquity investment

$0 $0 $0 $1,000,000,000 $0 $0 $0 $0 $0 $0 $0 $0

Total Amount Received

$3,000,000 $2,000,000 $0 $1,000,000,000 $0 $0 $0 $0 $0 $0 $0 $0

FY2016 FY2017 FY2018

Family and FriendsEquity investment $2,000,000 $0 $0

Family and Friends of FriendsEquity investment $3,000,000 $0 $0

Renaissance Venture Capital FundEquity investment $1,000,000,000 $0 $0

Total Amount Received $1,005,000,000 $0 $0



Profit and Loss Statement

Profit and Loss Statement (With Monthly Detail)


Revenue $5,000,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Direct Cost $8,333 $8,333 $8,333 $8,333 $8,333 $8,333 $8,333 $8,333 $8,334 $8,334 $8,334 $8,334

Gross Margin $4,991,667 ($8,333) ($8,333) ($8,333) ($8,333) ($8,333) ($8,333) ($8,333) ($8,334) ($8,334) ($8,334) ($8,334)

Gross Margin % 100% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%

Operating Expenses

Salary $174,998 $174,998 $174,998 $174,998 $174,998 $174,998 $174,998 $174,998 $175,004 $175,004 $175,004 $175,004

Employee Related Expenses

$26,250 $26,250 $26,250 $26,250 $26,250 $26,250 $26,250 $26,250 $26,250 $26,250 $26,250 $26,250

Marketing & Promotions $40,000 $40,000 $40,000 $40,000 $40,000 $40,000 $40,000 $40,000 $40,000 $40,000 $40,000 $40,000

Rent $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000

Utilities $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000

Office Supplies $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000

Insurance $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000

Total Operating Expenses

$311,248 $311,248 $311,248 $311,248 $311,248 $311,248 $311,248 $311,248 $311,254 $311,254 $311,254 $311,254

Operating Income $4,680,419 ($319,581) ($319,581) ($319,581) ($319,581) ($319,581) ($319,581) ($319,581) ($319,588) ($319,588) ($319,588) ($319,588)

Interest Incurred $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Depreciation and Amortization

$0 $0 $50,000 $50,000 $133,333 $133,333 $249,999 $249,999 $250,000 $250,001 $250,001 $250,001

Income Taxes $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0



Total Expenses $319,581 $319,581 $369,581 $369,581 $452,914 $452,914 $569,580 $569,580 $569,588 $569,589 $569,589 $569,589

Net Profit $4,680,419 ($319,581) ($369,581) ($369,581) ($452,914) ($452,914) ($569,580) ($569,580) ($569,588) ($569,589) ($569,589) ($569,589)

Net Profit / Sales 94% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%



FY2016 FY2017 FY2018

Revenue $5,000,000 $10,000,000 $65,000,000

Direct Cost $100,000 $100,000 $100,000

Gross Margin $4,900,000 $9,900,000 $64,900,000


Operating Expenses

Salary $2,100,000 $2,100,000 $2,100,000



Rent $300,000 $300,000 $300,000

Utilities $180,000 $180,000 $180,000

Office Supplies $60,000 $60,000 $60,000

Insurance $300,000 $300,000 $300,000


Operating Income $1,165,000 $6,165,000 $61,165,000

Interest Incurred $0 $0 $0


Income Taxes $0 $0 $0

Total Expenses $5,701,667 $6,835,000 $6,835,000

Net Profit ($701,667) $3,165,000 $58,165,000

Net Profit / Sales (14%) 32% 89%



Balance Sheet

Balance Sheet (With Monthly Detail)

As of Period's End Apr '15 May '15 Jun '15 Jul '15 Aug '15 Sep '15 Oct '15 Nov '15 Dec '15 Jan '16 Feb '16 Mar '16

Cash $7,680,419 $9,360,838 $6,041,257 $1,005,721,676 $1,000,402,095 $1,000,082,514 $992,762,933 $992,443,352 $992,123,764 $991,804,176 $991,484,588 $991,165,000

Accounts Receivable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Inventory $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Total Current Assets

$7,680,419 $9,360,838 $6,041,257 $1,005,721,676$1,000,402,0

95$1,000,082,5

14 $992,762,933 $992,443,352 $992,123,764 $991,804,176 $991,484,588 $991,165,000

Long-Term Assets $0 $0 $3,000,000 $3,000,000 $8,000,000 $8,000,000 $15,000,000 $15,000,000 $15,000,000 $15,000,000 $15,000,000 $15,000,000

Accumulated Depreciation $0 $0 ($50,000) ($100,000) ($233,333) ($366,666) ($616,665) ($866,664) ($1,116,664) ($1,366,665) ($1,616,666) ($1,866,667)

Total Long-Term Assets $0 $0 $2,950,000 $2,900,000 $7,766,667 $7,633,334 $14,383,335 $14,133,336 $13,883,336 $13,633,335 $13,383,334 $13,133,333

Total Assets $7,680,419 $9,360,838 $8,991,257 $1,008,621,676$1,008,168,7

62$1,007,715,8

48$1,007,146,2

68$1,006,576,6

88$1,006,007,1

00$1,005,437,5

11$1,004,867,9

22$1,004,298,3

33

Accounts Payable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Sales Taxes Payable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Short-Term Debt $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Total Current Liabilities

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Long-Term Debt $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Total Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Paid-In Capital $3,000,000 $5,000,000 $5,000,000 $1,005,000,000 $1,005,000,000 $1,005,000,000 $1,005,000,000 $1,005,000,000 $1,005,000,000 $1,005,000,000 $1,005,000,000 $1,005,000,000



Retained Earnings $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Earnings $4,680,419 $4,360,838 $3,991,257 $3,621,676 $3,168,762 $2,715,848 $2,146,268 $1,576,688 $1,007,100 $437,511 ($132,078) ($701,667)

Total Owner's Equity

$7,680,419 $9,360,838 $8,991,257 $1,008,621,676$1,008,168,7

62$1,007,715,8

48$1,007,146,2

68$1,006,576,6

88$1,006,007,1

00$1,005,437,5

11$1,004,867,9

22$1,004,298,3

33

Total Liabilities & Equity

$7,680,419 $9,360,838 $8,991,257 $1,008,621,676$1,008,168,7

62$1,007,715,8

48$1,007,146,2

68$1,006,576,6

88$1,006,007,1

00$1,005,437,5

11$1,004,867,9

22$1,004,298,3

33



As of Period's End FY2016 FY2017 FY2018

Cash $991,165,000 $997,330,000 $1,058,495,000

Accounts Receivable $0 $0 $0

Inventory $0 $0 $0

Total Current Assets $991,165,000 $997,330,000 $1,058,495,000

Long-Term Assets $15,000,000 $15,000,000 $15,000,000

Accumulated Depreciation ($1,866,667) ($4,866,667) ($7,866,667)

Total Long-Term Assets $13,133,333 $10,133,333 $7,133,333

Total Assets $1,004,298,333 $1,007,463,333 $1,065,628,333

Accounts Payable $0 $0 $0

Sales Taxes Payable $0 $0 $0

Short-Term Debt $0 $0 $0

Total Current Liabilities $0 $0 $0

Long-Term Debt $0 $0 $0

Total Liabilities $0 $0 $0

Paid-In Capital $1,005,000,000 $1,005,000,000 $1,005,000,000

Retained Earnings $0 ($701,667) $2,463,333

Earnings ($701,667) $3,165,000 $58,165,000

Total Owner's Equity $1,004,298,333 $1,007,463,333 $1,065,628,333

Total Liabilities & Equity $1,004,298,333 $1,007,463,333 $1,065,628,333



Cash Flow Statement

Cash Flow Statement (With Monthly Detail)


Operations

Net Profit $4,680,419 ($319,581) ($369,581) ($369,581) ($452,914) ($452,914) ($569,580) ($569,580) ($569,588) ($569,589) ($569,589) ($569,589)

Depreciation and Amortization

$0 $0 $50,000 $50,000 $133,333 $133,333 $249,999 $249,999 $250,000 $250,001 $250,001 $250,001

Change in Accounts Receivable

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Change in Inventory $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Change in Accounts Payable

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Change in Sales Taxes Payable

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Net Cash Flow from Operations

$4,680,419 ($319,581) ($319,581) ($319,581) ($319,581) ($319,581) ($319,581) ($319,581) ($319,588) ($319,588) ($319,588) ($319,588)


Assets Purchased or Sold

$0 $0 ($3,000,000) $0 ($5,000,000) $0 ($7,000,000) $0 $0 $0 $0 $0

Investments Received $3,000,000 $2,000,000 $0

$1,000,000,000 $0 $0 $0 $0 $0 $0 $0 $0

Change in Short-Term Debt

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Change in Long-Term Debt

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0



Net Cash Flow from Investing & Financing

$3,000,000 $2,000,000 ($3,000,000) $1,000,000,000 ($5,000,000) $0 ($7,000,000) $0 $0 $0 $0 $0

Cash at Beginning of Period

$0 $7,680,419 $9,360,838 $6,041,257 $1,005,721,676 $1,000,402,095 $1,000,082,514 $992,762,933 $992,443,352 $992,123,764 $991,804,176 $991,484,588

Net Change in Cash $7,680,419 $1,680,419 ($3,319,581) $999,680,419 ($5,319,581) ($319,581) ($7,319,581) ($319,581) ($319,588) ($319,588) ($319,588) ($319,588)

Cash at End of Period $7,680,419 $9,360,838 $6,041,257

$1,005,721,676

$1,000,402,095

$1,000,082,514 $992,762,933 $992,443,352 $992,123,764 $991,804,176 $991,484,588 $991,165,000



FY2016 FY2017 FY2018

Operations

Net Profit ($701,667) $3,165,000 $58,165,000


Change in Accounts Receivable $0 $0 $0

Change in Inventory $0 $0 $0

Change in Accounts Payable $0 $0 $0

Change in Sales Taxes Payable $0 $0 $0

Net Cash Flow from Operations $1,165,000 $6,165,000 $61,165,000


Assets Purchased or Sold ($15,000,000) $0 $0

Investments Received $1,005,000,000 $0 $0

Change in Short-Term Debt $0 $0 $0

Change in Long-Term Debt $0 $0 $0

Net Cash Flow from Investing & Financing $990,000,000 $0 $0

Cash at Beginning of Period $0 $991,165,000 $997,330,000

Net Change in Cash $991,165,000 $6,165,000 $61,165,000

Cash at End of Period $991,165,000 $997,330,000 $1,058,495,000

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