Our client was a PE firm based in Chicago. They were looking to acquire a company who is a developer of software applications for smartphone devices. The company sells two products for the various smartphones. The first is a software application that tracks weather data. The second application acts as a calendar that keeps track of a user’s schedule. The company sold 1.5 million copies of the first application and 3 million copies of the second in 2017. That was the first year they had generated any revenue. We were expected to create a traditional three-statement LBO model with necessary schedules, sources and uses of funds, post-acquisition adjustments, scenario analysis, debt schedule and exit returns schedule. However, the client wanted to be able to input different scenarios and see the results as opposed to the traditional three scenario model.