Financial Projection for AI Device Startup

Background

We are an early-stage technology startup developing cutting-edge hardware and AI software capable of detecting wildfires. The North America fire protection system market size was estimated at USD 29.09 billion in 2023 and is expected to reach USD 30.30 billion in 2024.

Our solution offers unprecedented accuracy and speed in identifying fire risks and has the potential for broader applications, including border security and defense systems. We are looking for talented individuals to help us build a 5-Year Financial Projection.

Our founder brings a wealth of experience as a full-stack engineer, having worked at leading technology companies like Boeing and Microsoft. With this strong technical foundation, the next phase of our growth focuses on understanding who our customers are and how best to serve them.

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Scope of Work

We are inviting MBA, Executive MBA, and Advanced Degree holders to prepare a 5-Year Financial Projection. This project will play a critical role in helping us identify, approach, and build relationships with key industry partners that can support our product’s growth and market reach.

Key elements of the project will include:

• ‍Revenue Projections: Forecast sales across different markets, including wildfire detection, border security, and defense, using data on market size, adoption rates, pricing models, and competitive analysis.‍
• Cost Modeling: Create a breakdown of costs, including R&D, manufacturing, operations, sales and marketing, and regulatory compliance.‍
• Investment Needs: Estimate the funding required for the next stages of growth, including product development, market expansion, and operational scaling.‍
• Cash Flow Analysis: Develop cash flow projections to identify potential cash shortages and provide suggestions on liquidity management.‍
• Break-even Analysis: Calculate when the company can expect to break even, based on various revenue and cost scenarios.‍
• Scenario Planning: Provide financial forecasts under different scenarios, including best case, base case, and worst case, to help guide decision-making.

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Who Should Apply

This project is ideal for someone with training in financial modeling and/or accounting, and who is looking to apply their knowledge to a fast-growing technology startup. Interest in AI, hardware, environmental protection, or defense is a plus but not required.

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‍Recognition

Upon successful completion of this project, you will receive:

• Written feedback on your performance and final work product
• A shareable written testimonial highlighting your soft skills and technical capabilities
• A summarized testimonial for your LinkedIn profile, company website, or university

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