Financial Business Planning for Suno

Closed
Suno Wellness
Toronto, Ontario, Canada
Project
Academic experience or paid work
80 hours of work total
Learner
Anywhere
Advanced level

Project scope

Categories
Financial modeling Fundraising
Skills
financial statements business planning financial forecasting venture capital fundraising break-even analysis
Details

The main goal for the project is to create a comprehensive financial business plan for Suno in order to attract venture capital for the startup. This will involve understanding the company's current financial situation, projecting future income and expenses, and creating a plan for how the venture capital will be utilized to support the growth of the business. Additionally, this project will involve helping Suno provide financial projections to VCs during the fundraising process.


Deliverables


- Analyzing Suno's current financial statements and performance to understand the company's financial position.


- Creating a detailed income projection for the next 3 years, including conservative and aggressive scenarios.


- Developing an expense budget that outlines the company's anticipated costs.


- Conducting a break-even analysis to determine the point at which Suno's total revenues equal its total expenses.


- Reporting on projected assets and liabilities to provide a comprehensive overview of the company's financial health.


- Including visual comparisons such as graphs and charts to illustrate the differences between the conservative and aggressive income projections.



Final deliverables:


- A comprehensive financial business plan for Suno, including income projections, expense budget, break-even analysis, and projected assets and liabilities.


- A presentation outlining the key findings and recommendations from the financial business plan.


- A valuation of the company based on the financial projections and potential return for venture capital investors.


Mentorship

Mentorship to the learner will be offered through continuous messaging support and regularly scheduled meetings with Suno's founders. Learner will also gave lifetime access to Suno's app allowing them to improve their mental health and wellbeing.

Supported causes

The global challenges this project addresses, aligning with the United Nations Sustainable Development Goals (SDGs). Learn more about all 17 SDGs here.

Good health and well-being

About the company

Company
Toronto, Ontario, Canada
2 - 10 employees
Consumer goods & services, Hospital, health, wellness & medical, Technology

Suno is an AI powered emotional support companion. You can vent, journal and chat after a long day, a bad breakup, or a job loss. Life is tough, and Suno is here to not only support you but give you actionable advice on how to improve your life. We all need support, even in the good times.

Therapy today is quite expensive and not affordable by the average person for more than a few sessions. But mental health needs to be supported year-around, 24/7. That's why an AI solution like Suno can step in and be in your corner.