The In-App Excel Spreadsheet Purchase and Download Feature
Q: How does the in-app Excel purchase and download feature work for the Startup Financial Model?
A: The web app was designed to be the fastest and easiest way to fill in your assumptions and build a financial model for your business plan with all of the built-in tips and instructions. We’ve also designed it to be very easy to share with a potential angel or venture capital investor or other mentors, advisors, or management team members, while controlling the distribution of the information.
Having said all of that, we recognize that some entrepreneurs may want to take their financial model offline and reshape some of the outputs and just in general “own” their business plan, especially once their venture capital raise is finished and they’ve launched their startup and no longer wish to keep an active subscription. Therefore, we created the Excel model download feature, which works as follows:
- We strongly encourage users to enter their assumptions using the web app first and then download the model as the web app really speeds up that process.
- The Excel download is an additional purchase and once you purchase and download the spreadsheet, your financial model assumptions will already be completely loaded into the Excel version of the model and you can continue to make changes in the spreadsheet. A couple of items to note: the Excel model has all of the background calculations locked, so while you can change your inputs and produce all of the same reports as on the web app and while you can customize your reports, you cannot customize the calculations in the model. We lock the model to keep users from inadvertently blowing up the calculations. In addition, the model comes with a limited use license and expires at the end of the next full calendar year after you’ve downloaded the financial model.
- Once you’ve downloaded the spreadsheet, any changes you make will not sync back to the web app, but remain only in the spreadsheet version. However, once you purchase the Excel once, you can always go back to your web app and make changes there and then download the Excel spreadsheet again without any additional charge.
- To purchase the Excel spreadsheet download, log into your financial model and scroll down to the left-hand menu and click on the last menu item called “Buy and Download to Excel”, which will take you to the checkout page. You can then purchase and download the spreadsheet.
System Requirements: The Excel spreadsheet version of the Startup Financial Model requires MS Excel 2010 or later for PCs or MS Excel 2011 or later for Macs and does not work on other spreadsheet programs because of their lack of sufficient functionality. The app's spreadsheet version also does not work with Office Online/Office 365 as the Microsoft online version of Excel lacks many of the desktop version features and the online version is not powerful enough to handle our app's calculations. In addition, Office 365 has size limitations that in some cases cannot open our app file.