You've learned about the three essential financial statements. Now let's practice reading them like a pro, spotting important patterns, and understanding what they really tell you about tech startup health.
Think of this as developing your financial X-ray vision for the startup world.
Engagement Message
Which financial statement do you find most intimidating to read?
Type
Swipe Left or Right
Practice Question
Match each financial statement with the key question it answers:
Labels
- Left Label: Income Statement
- Right Label: Balance Sheet
Left Label Items
- Are we generating recurring revenue?
- Are our subscription costs higher than revenue?
- Is our SaaS model profitable?
- How much profit did we generate this quarter?
Right Label Items
- What assets and liabilities do we have?
- What's our financial position right now?
- How much equity do founders and VCs own?
- What's our cash runway and debt situation?
Type
Fill In The Blanks
Markdown With Blanks
Fill in the basic Income Statement structure:
[[blank:Revenue]] - [[blank:Expenses]] = Net Income
Suggested Answers
- Revenue
- Expenses
- Assets
- Liabilities
- Cash
- Equity
Type
Multiple Choice
Practice Question
A SaaS startup shows: Monthly Recurring Revenue $12,000, Server costs $3,000, Developer salaries $6,000, Marketing spend $2,000, Office expenses $500.
