SK Siddharth Karandikar
Brief

Leadership · COEP's first entrepreneurship course — student LMS startup

Modelling three years of a business when no comparable company publishes its numbers.

Role
Head of Finance and Marketing
When
Jul – Dec 2024
Team
Three co-leads in a ten-member team
Full read
1 min

In short

Built the financial model for a student learning-management startup from first principles and pitched it to an angel panel. This is where the strategy thread started.

The situation

TimeWarp was a planner and learning-management app for students, built over six months in COEP’s first entrepreneurship course under a multi-startup founder as coach. Learning-management companies in this segment are almost all private, so there were no published numbers to anchor a forecast to.

What I did

I built the revenue structure, user-growth curve and cost per user from first principles, and defended them on their logic because there was no source to cite. When parts of the ten-member team went quiet, three of us split the gaps and covered marketing, MVP development and operations alongside our own portfolios.

Exhibit 1 Schematic

With no comparables to copy, the model was built from its drivers

Three-year financial model
  • Users
    • Growth curve built from first principles
  • Revenue per user
    • A custom revenue model
  • Cost per user
    • Estimated without published benchmarks

Source: TimeWarp, COEP entrepreneurship course, 2024

The result

We pitched the full deck and model to an angel panel at BHAU’s E-Cell and earned a follow-up review. It never happened, which was its own lesson about what interest at a pitch is worth.

You are reading a shorter version of this leadership.