On 10 August an online training on how to use the Startup KPIs tool to increase your chances of obtaining investment was held. The training was organised by Startup Central Eurasia with the support of IT Park.
Irakli Kashibadze, CEO of Future Laboratory and Startup Central Eurasia, explained that the aim of the platform was to improve or accelerate the development of the region and make it more attractive for investors from other countries.
Today startups in Central Eurasia are often unable to objectively assess their level of development, as mentioned analyst Maksim Burianov. While investors often select a startup based on an idea and a team, which is a kind of lottery. To help entrepreneurs and venture capitalists find each other, the platform suggests using the new Startup KPIs tool to calculate startup success. It will generate a ranking of the best startups to provide to investors from Central Eurasia, the US and Europe.
International startups are focused on the following key success metrics when evaluating their growth dynamics: ARR, MRR, LTV, CAC, Churn Rate, Retention Rate, MRR Growth Rate, GrossMargin, Burn Multiple and others.
These metrics are relevant for startups with a subscription-based business model, but there are also universal metrics – for example, in 90% of cases it is possible to calculate revenue growth (Revenue Growth) and the dynamics of growth from month to month.
During the training, the participants were able to find out how the metrics calculation tool works, talk about their projects, and then make an appointment for a personal meeting to record their projects and receive personal recommendations. In addition to the Startup KPIs tool, the platform provides startups with key information for entering markets in the region and current news on the development of the startup ecosystem, which can be found on the website.
If you want to know more about the Startup KPIs tool, read the article how to estimate your startup.
To test Startup KPIs tool and get personal recomendations, please, send your request to: email@example.com