Executive Summary

Circle — monetization infrastructure for educational communities. Base case pulled from Circle Projection 60 months v1.7.

Cash Injected

—

opening balance, model assumption

Peak Funding Need

—

lowest point of cumulative P&L

Year 5 Revenue

—

annualized, accrued

Year 5 Profit

—

EBITDA-level

Take Rate

25%

on memberships & courses

5-Year Revenue

—

Y1–Y5 cumulative

Data note: the KPI cards above sum all 12 months of each year using the model's own per-user revenue formula (Active Users × Membership + Course revenue/user). The "Year-End Summary" table below instead reproduces the Summary and DCF tab's own figures as they stand in the sheet — for Year 3 onward, that tab (and the pitch deck) records only the single exit month's revenue as if it were the year's total, since monthly detail wasn't built out past Month 24. That's why the two views diverge for Y3–Y5 — this dashboard surfaces the true 12‑month sums so it's worth reconciling with your team.

Cumulative Cash Position

Beginning cash + cumulative profit/loss, month 1–60

Annual P&L

Revenue vs. expenses by year (Toman)

Funding Round 5B Toman ask

Use of funds, per pitch deck — the financial model itself opens with 6B Toman of cash to cover the same runway.

Year-End Summary

Growth

Communities, members and active users over the 60-month plan.

Communities (Y5)

1,200

from 5 at launch

Active Users (Y5)

—

communities × members

Members / Community (Y5)

350

from 50 at launch

Paid Community % (Y5)

50%

from 0% at launch

Communities on Platform

S-curve adoption, month 1–60

Active Users

Communities × members per community

Members per Community

Paid Community Share

Year-End Growth Table

Revenue

Membership subscriptions and one-off course sales, both taxed at the platform take rate.

Y1 Revenue

—

Y3 Revenue

—

Y5 Revenue

—

Subscription Price (Y5)

—

monthly, per member

Total Revenue (Accrued)

Month 1–60, Toman

Revenue per Active User / Month

Membership vs. course revenue per user

Pricing by Year

Costs

Headcount plan, HR & G&A, and marketing spend across the 60-month plan.

Headcount (Y5)

from 4 at launch

HR + G&A (5yr)

—

Marketing (5yr)

—

Total Cost (5yr)

—

Monthly Cost Breakdown

Salary + Insurance, G&A, Marketing — month 1–60

Headcount Plan (Year-End Snapshot)

Marketing Spend by Channel

Cash Flow

Monthly revenue, expenses and the resulting cash position against the injected capital.

Opening Cash

—

Lowest Cash Point

—

Monthly Break-even

—

first month P&L turns positive

Year 5 Net Cash Flow

—

Monthly Revenue vs. Expenses

Cumulative Profit / Loss (Cash Runway)

Crosses zero once the platform has repaid its own burn

استارتاپ منتخب رایا

Evand