18-month detailed model + 5-year strategic projection. 7 revenue streams activated sequentially. Cash positive by Month 12 (base) or Month 18 (conservative). Series A threshold at Month 18.
Full monthly P&L with all 7 revenue streams, burn rate, and cash balance. Stars (★) mark milestone months with City License fees or stream activations.
| Month | Sellers | GMV | Commission | Subscriptions | Feat.Listings | City License | Lic.Royalties | Native Ads | Data | Total Rev | Burn | Net | Cash Balance |
|---|
From single-node to global platform. Each year unlocks new revenue streams, new cities, and new multiples. Series A at Mo.18. Series B at Year 3.
Each stream activates at its own threshold. City License royalties become the largest line by Year 3 — the City License model is why this is a platform business, not just a marketplace.
Capital deployed across 5 categories over 18 months (SAFE runway period). Engineering is the largest bucket — the platform infrastructure is the business. Marketing is near-zero because the community does it for us.
Each milestone is a revenue inflection point, not just an operational checkbox. The milestones tell the Series A story before the deck does.