Analysis
Because we handicapped odds for future cash flow & valuation at each future year, we have odds for fundraisings that cash needs demand and that valuation can support. In the chart below, the lines represent 100 cases for this, with darker lines representing cases with higher enterprise value at year 5, and the rainbows show the odds of being below various levels each year. You can click any of the lines to explore what happens in this case, not only in this page but also in subsequent pages that detail the evolution of preferences, share count, and exit proceeds. If you are viewing on a smartphone, flipping to landscape orientation may help.