finance-team

Runway equals cash on hand divided by net burn, where net burn is gross monthly operating expenses minus monthly revenue. Recalculate monthly and treat anything under six months as requiring an active plan, since raising or cutting costs takes months.

SAFEs and notes convert into equity at a later priced round using a valuation cap or discount, whichever gives the investor more shares. Multiple stacked SAFEs convert simultaneously and can compound dilution, so model all of them together against a realistic future valuation.

When an investor requires a post-money option pool larger than the current one, the expansion shares are typically created before the investment closes, diluting only existing shareholders. Modeling the fully diluted cap table after the round reveals the real founder ownership impact.

Under the 2026 reform, qualifying small companies below a turnover threshold (cited as ₦50-100 million depending on source) pay 0% CIT, but must still register, keep records, and file annual returns. Verify current thresholds against FIRS/NRS guidance before relying on them.

Use a licensed accountant for actual tax return preparation and filing, audited financial statements, grant audits, multi-entity consolidation, and any FIRS/NRS inquiry. This Skill prepares clean numbers and clear questions so professional time goes to judgment calls.

Screen each program against its live call text: eligibility, funded and excluded costs, ceiling and currency, co-funding requirements, deadline, and reporting burden. Estimate founder hours for applications and reporting, and skip grants whose compliance cost approaches the net award.