STOP Believing Financial Projections Until You Watch This

The Financial Projections Lie

Just had Ed Kang on my podcast dropping truth bombs about startup financials.

His controversial take:
"I completely ignore financial projections. Every founder shows the same hockey stick."

Here's why smart investors skip your financial slides:

1. The Reality:
• You'll be wrong
• I'll be wrong
• Nobody knows
• Especially in innovative markets

2. What Actually Matters:
• Real unit economics
• Current customer acquisition costs
• Actual lifetime value
• Battle-tested assumptions

3. The Hard Truth:
Financial projections matter AFTER:
• You have real data
• You've proven assumptions
• You're scaling something that works
Not when you're dreaming

🎯 Key Quote:
"Later on, I want to see a financial model we can plug real numbers into. Early on? It's just fantasy."

Drop a 💣 if you've ever made a "hockey stick" projection!