Hockey Stick

Hockey Stick is a revenue, user, or cash flow projection pattern that shows a long period of relatively flat performance followed by a sharp up-and-to-the-right inflection. In pitch decks and underwriting, a it can be credible when supported by leading indicators and go-to-market evidence, but an unsupported Hockey Stick is often viewed as an over-optimistic forecast.

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Ryan Roberts Startup Lawyer
Ryan Roberts is a startup lawyer with more than two decades of experience advising on venture financings and M&A transactions totaling more than $1 billion. He is the author of the Amazon bestselling startup law book Acceleration.