Product

What Waterline models.

Four things decide how deep you are riding. Each lands on the month the money moves, not the month the paperwork was signed.

Funded work

When somebody else pays for part of it

Grants, subcontracts, joint ventures and split funding. Reimbursement lag, the share you fund yourself, period extensions, restricted funds and SF-424A.

Read more →
Commitments

Signed is not spent

Open purchase orders and cost-share obligations, with a covered runway beside your cash runway.

Read more →
Payroll

People, by month

Headcount, start dates, raises and fully loaded cost. Allocation across projects, and what is not charged anywhere.

Scenarios

A range, not a number

Committed, expected and speculative revenue toggled independently, with the runway range that falls out of them.

Read more →