Financial Modelling: Understanding Financial Data

This lecture covers the importance of financial data, including the main concepts of financial modelling, such as P&L, cash flow, and balance sheet. The instructor discusses how to prepare financial forecasts, the value of understanding financial data, and what investors look for in financial statements. Key topics include the connection between P&L, cash flow, and balance sheet, as well as the most important KPIs for startups. The lecture also delves into the process of running out of money, the significance of growth projections, and the role of financial statements in predicting the future of a business.