Staydium Financial Model — DCF · Scenarios · Investor Returns

Data Needed

Every element requested by Jameson & Rakesh that is not yet backed by a real source document

Scenario
Policy

The model no longer seeds illustrative or placeholder data on the Risk Register, Execution Plan, post-Pivot funding tranches, or milestone-gated hires. These tabs will display empty-state prompts until real inputs are provided — this is deliberate so the model never gives the impression that we have relationship, milestone, or capital-plan data that we don't.

Below is the full catalog of gaps, grouped by how much they distort the headline outputs (EV, runway, min-cash, revenue-at-risk). Each row links to the exact tab where the data is entered.

Open gaps
8
P0 — Blocking
2
P1 — Distorting
4
P2 — Refinement
2
P0 — Blocking real analysis
2 items

Risk Register

Risk Register
Ask (from transcript)

Track contract length, exclusivity, renewal probability, and revenue-at-risk per school (Rakesh — risk & accountability).

Why this matters

Feeds the risk-adjusted scenario and top-5 concentration KPI. Placeholder schools were removed — the tab is now empty and revenue-at-risk reads $0 until real contract data is entered.

Fields needed
  • Signed school name
  • Contract length (years) and start / renewal date
  • Exclusivity flag (competing MMR relationships?)
  • Key relationship owner (AD office, MMR partner, GM, etc.)
  • Renewal probability estimate (0–100%)
  • Annual contracted revenue per school
  • Replacement lead time (months) if churned
  • Free-text notes / relationship risks
Likely source: Staydium CRM / signed MSAs / commercial team contract tracker.

Execution Plan — Milestones

Execution Plan
Ask (from transcript)

Milestones with target dates, owners, and status — feeding tranche unlocks and hiring triggers (Rakesh — staged capital deployment).

Why this matters

Placeholder milestones (first 10 schools live, Series A close, EBITDA breakeven) were removed. Funding tranche gates and hiring triggers reference these — with the list empty, nothing is currently gated.

Fields needed
  • Milestone label and category (commercial / product / capital / hiring / data)
  • Target year and month
  • Accountable owner
  • Current status (not started / in progress / at risk / done)
  • Evidence link (SPA, kickoff deck, ops dashboard, etc.)
  • Which tranche(s) and hire(s) this milestone unlocks
Likely source: Board deck operating plan / CEO monthly update / execution scorecard.
P1 — Distorts headline outputs
4 items

Bottom-Up physical slot ceiling — refresh from source workbook

School Inventory
Ask (from transcript)

Recount the physical slot ceiling per-school / per-sport from the Inventory Per School workbook — do not assume every school has every sport (user review).

Why this matters

The bottom-up Yr1 Slots KPI is temporarily suppressed on the School Inventory tab because the current 71,154 figure applies every default sport to every school. A per-school recount (Maryland field hockey only, California football = 6 games / volleyball = 4, etc.) produced ~9,698 slots — far below the 45,000 Proforma target, which implies additional sports (basketball, baseball, etc.) not itemized in the current workbook. Until the source is refreshed, the bottom-up ceiling is hidden to avoid a misleading headline.

Fields needed
  • Per-school, per-sport placements/game (only sports actually offered)
  • Regular-season home games/season per sport per school
  • Inclusion of missing sports (basketball, baseball, softball, hockey, lacrosse, etc.) with per-school placement rows
  • Explicit flag when a school does NOT offer a sport (vs. zero placements)
Likely source: Updated Inventory Per School workbook with a complete sport list itemized per school (or a per-conference sport matrix confirming which programs each school fields).

Funding — post-Pivot rounds

Funding & Tranches
Ask (from transcript)

Tranched capital schedule with milestone gates (Rakesh — staged capital deployment).

Why this matters

The $10M Pivot convertible is loaded from the teaser memo. Every subsequent Series A / bridge / growth tranche was placeholder and has been removed. The runway / dilution walk is incomplete until real round strategy is provided.

Fields needed
  • Round name (e.g. Series A tranche 1)
  • Target amount and instrument (equity / SAFE / convertible)
  • Target close year and month
  • Pre-money valuation (equity) or cap + discount (SAFE / convertible)
  • Milestone gate that must clear before close
  • Status: committed / conditional / prospective
Likely source: Board-approved capital plan / lead investor term sheets / financing timeline.

Headcount — gated hires

Headcount
Ask (from transcript)

Milestone-gated hires that only add cost when triggers fire (Rakesh — headcount modeling discipline).

Why this matters

Placeholder triggers (2nd Data BD, Regional S&D lead, Head of Marketing, etc.) were removed. The base 14-role staggered plan on Master Inputs stays intact — only the conditional expansion hires are cleared.

Fields needed
  • Role name and headcount to add
  • Trigger metric: schools live / ARR / year index / milestone
  • Threshold value (or milestone reference)
  • Fully loaded annual cost per hire
Likely source: Org plan v2 / expansion hiring memo / CFO org design.

Monthly Cash — opening balance

Monthly Cash
Ask (from transcript)

Monthly burn view with min-cash covenant test (P2 — operating rigor).

Why this matters

The 60-month cash roll-forward currently assumes an opening cash balance of $5M as a placeholder. Every downstream min-cash flag is wrong by whatever the delta is between $5M and the real bank balance at model start.

Fields needed
  • Opening cash balance (as of FY start date)
  • Any restricted cash / escrow that shouldn't count toward covenants
Likely source: Latest bank statement / treasury report / accounting close package.
P2 — Refinement
2 items

School Inventory — relationship owners

School Inventory
Ask (from transcript)

Per-school relationship map (implied by both risk register and BD ownership).

Why this matters

The 68-school inventory has placement / game counts but no relationship owner or contract terms attached. Needed to make the Risk Register per-school entries meaningful rather than duplicating school-by-school data entry.

Fields needed
  • AD office contact and MMR partner per school
  • Deal size and exclusivity per school
  • Contract start / expiration dates
Likely source: CRM export / signed MSA repository.

Data revenue — bottoms-up build

Master Inputs
Ask (from transcript)

Data monetization thesis (event attribution, licensing, sponsor analytics).

Why this matters

Base case sets data revenue to $0. The toggle and downstream wiring are in place, but pricing, addressable buyers, and delivery cost are not yet defined — turning it on with fabricated numbers would misrepresent the thesis.

Fields needed
  • Data product SKU list and pricing per SKU
  • Addressable buyer count (sponsors, rights-holders, agencies)
  • Attach rate and ramp curve
  • Third-party data cost basis (feeds, storage, delivery)
  • Data ops FTE ramp aligned to the above
Likely source: Product roadmap / data monetization memo / early customer conversations.
Sourced — no action needed
9 items already backed by uploaded documents
Opening 68 contracted schools + detailed inventory
Source: Uploaded school inventory workbook
School Inventory
Placement / game counts per school × sport
Source: Uploaded school inventory workbook
Placement Capacity
$350 music / $800 brand pricing + 10% escalation
Source: Pivot teaser memo + 6.13 proformas
Master Inputs
30% source-plan utilization (base case)
Source: Staydium 6.13 30% proforma
Master Inputs
45,000 slots Y1 + annual slot growth
Source: Staydium 6.13 proformas
Master Inputs
14-role staggered headcount plan
Source: Uploaded salary data + hiring stagger review with user
Master Inputs
$10M Pivot convertible, 10% PIK, 3yr, 20% discount, $50M cap
Source: Pivot Investment Partners teaser memo
Funding
19-member cap table (pre-money ownership)
Source: Uploaded cap table
Ownership
6.13 scenario reconciliations (30 / 50 / 75 / 100%)
Source: Uploaded 6.13 model scenario workbooks
Income Statement
How this page is maintained
  • When real data lands, replace the empty-state on the target tab and move the row from the top section to the bottom (Sourced) section.
  • If a new Jameson/Rakesh ask requires data we don't have, add a P0/P1/P2 row here before shipping any placeholder default.
  • No tab in this model should silently display fabricated relationships, milestones, or capital plans.