As the CEO of a technology start$-$up venture, you are pitching your software company's seed round to a potential investor, who is a partner at a $$450$MM AUM $($assets under management$)$ VC fund. According to your sales team, you have $208$ users this year $($assume year $1)$ with each paying $$149\mathrm{.}99/$mo$.$ for your software$-$as$-$a$-$service $($SaaS$)$ product.

Recently, your CFO says your annual expenses are around $$275$k annually and projected to rise $12\mathrm{.}75\%$ each year $($year on year increase$).$ Good news is$,$ your sales $($units of annual software licenses$)$ will grow by $20\%$ in year $2,$ and $30\%$ on year $3$ and by $45\%$ in year $4($year on year throughout$).$ More importantly, in year $3$ and $4,$ you are improving the product and can charge customers $$299\mathrm{.}99$ per month.

Assuming $4-$year projection time$-$horizon, what is:

$*$ Your gross burn $($in $$)$ for each of the $4$ years$$

$*$ Your profit margin $($in $ and $\%)$ for each of the $4$ years$$

$*$ Assuming your industry average P$/$E ratio or multiplier, what is your terminal value $($$$)$ for year $4$ as an exit valuation?

$$

Appendix

ARR multiplier Market cap

Medical equipment $21\mathrm{.}522$B

Defense $14\mathrm{.}614$B

Retail $10\mathrm{.}4424$B

Software $11\mathrm{.}7555$B

Energy $18\mathrm{.}7213$B

$$

Write up of your rationale for the $3$ answers above, as well as an excel sheet $(.$XLSX format$)$ of your analyses with formulas.