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The Startup Chile accelerator is accepting applications for its new program cohort from November 2nd to November 28th. Projects from any industry and founders from any country are eligible to apply. Upon successful selection, participants can look forward to a two-year work visa for Chile, a free incubation program, and a grant ranging from $15,000 to $100,000 USD provided by the Chilean government. Startup Chile presents an opportunity to enter the Latin American market while enjoying European comforts and gaining valuable experience before approaching top North American investors and accelerators. In this article, we delve into the application requirements and peculiarities.

To turn a mobile app into a commercially successful product, it is essential to consider the choice of a monetization model from the very beginning. The primary options include subscription, in-app advertising, and in-app purchases. We will walk you through step by step on how to calculate the number of customers and revenue for each option and teach you to create a dynamic financial model in Excel or Google Sheets.

Often, revenue and customer forecasts in financial models for new businesses resemble dreams more than reality. Ambitious growth percentages are incorporated, and beautiful exponential graphs are drawn, but when confronted with reality, the project ends up going bankrupt. In this article, we will delve into how to forecast the revenues of a new company based on the project’s roadmap and direct marketing and sales expenses. We will step by step create a flexible financial model in Google Sheets that will demonstrate the path to the coveted breakeven point and assist in convincing investors to fund your project.