08 · Financials
Use of Funds
£600k angel round. Fully deployed across a lean, contractor-based team and production costs over 16 months, reaching break-even at M16.
£600k
Angel round
£3.6m post
Post-money valuation
M16
Break-even
£288,537
Cash floor (M15)
Allocation by category
| Category | Allocation | % of raise |
|---|---|---|
|
CEO
George Unsworth · £8,000/mo salary from M1 |
£128,000 | 21.3% |
|
Contractors ×4
Head of Product · Lead Dev · Sr Front End · Sr Back End · from M1 |
£264,000 | 44.0% |
|
Sales & Ops Hire
From M9 · customer success and operations |
£60,000 | 10.0% |
|
Dev team scaling
From M9 · +£2,000 every 3 months |
£30,000 | 5.0% |
|
Professional services
Bookkeeper, accountant, solicitor, cybersecurity retainers |
£31,200 | 5.2% |
|
Marketing
Expos & events, travel, client hospitality |
£19,200 | 3.2% |
|
Overheads
Office, AI tooling & tokens (scales with active clients), apps, hardware |
£44,748 | 7.5% |
|
Cash at Month 16
Break-even reached · runway continues to build from here |
£289,727 | 48.3% |
Category allocations are % of the £600k raise. £266,875 of revenue is collected over the same 16 months, which is why cumulative spend plus retained cash exceed 100% of the raise on their own — the model is never dependent on the raise alone.
Burn phases
Months 1–8
Core team live
£30,200 / month
George Unsworth and 4 contractors (Head of Product, Lead Dev, Sr Front End, Sr Back End) build the platform. 6-account pilot book generates first Starter and Enterprise revenue.
Months 9–15
Sales & Ops joins
£41,600 / month
Sales & Ops hire and first dev-team cost step-up land at M9. Enterprise and Growth accounts scale. Cash reaches its floor of £288.5k at M15.
Month 16+
Break-even
£44k+ / month, scaling
Net cash flow turns positive. Dev-team cost continues stepping up every 3 months as the team and account base grow toward 359 accounts by M36.