Projections for Seed Rounds

Today we’re talking about the projections you will need for your seed fundraising.

Most investors will expect something along the lines of:

  • Projections over 2–3 years, broken down quarter by quarter.
  • The line items within those projections usually cover: Payroll & Benefits, Marketing, Office Costs, General & Administrative, COGS, Revenue and Burn. You might break out one or two of these further if they are particularly important to your business.
  • Be sure to also include how you expect your team to grow over time, the roles and expected costs.
  • Lastly, the projections should show your expected runway and when, or if, you plan to fundraise again.

Best of luck out there.



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Ash Rust

Ash Rust


Pre-seed Investor. Email: B2B, US only. I work with founders for 3 months before investing. More info: