Indeed, confirmation bias happens to almost everyone.
27 karma · joined August 4, 2019
It sounds absurds. But I think some may do the same.
Reminds me of video game cheat code
After you create your model, you can cross check it against similar company s-1 filing (initial ipo filing). They will usually include their P&L few years prior to the ipo.
You can reference their spent against yours to see if the model is realistic.
Feel free to reach out if you have more question.
I am surprised BlueApron isn't doing well as they taught me how to cook, what to get, in a relatively simple instructions.