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Master B2C Subscription Finance.
Build Real Models. Think Like an Operator.

The complete training for finance professionals entering consumer subscription roles. Build the business sense and technical skills needed to contribute from day one.

Go from zero to building dynamic bottoms-up subscriber forecasts in weeks, not months.

Launch pricing through April 30, 2026. Price increases to $2,500.

6
Modules
30+
Self-Paced Lessons
45-Tab
Excel Backup
Lifetime
Access

See What You're Getting

A walkthrough of the course, the models, and the thinking behind them

Not ready to enroll? Get a free lesson: Why Averages Lie in Subscription Finance →

Preview the Content

On-the-ground content. Real models. No fluff.

Full Syllabus Walkthrough

Preview all 6 modules and 30+ chapters

Excel Backup Preview

45 tabs of production-grade exhibits and models

About the Instructor

Michael Wu

Michael has spent the last 12 years focused on B2C subscription finance and currently serves as a Strategic Finance Director at DoorDash dedicated to DashPass, the company's subscription program. Most notably, he was the first finance hire dedicated to DashPass where he's spent the last 7 years building the team, the models, and the strategic financial frameworks behind one of the largest consumer subscription products in on-demand services.

This course teaches the concepts, frameworks, and technical expertise that typically only come from years on the job. The goal is to make you a more competitive candidate if you're breaking into subscription finance, or help you ramp significantly faster if you've already landed a role.

The Edge That Separates Good From Great

The difference between a good subscription finance hire and a great one isn't Excel proficiency or analytical horsepower alone. It's pattern recognition that only comes from years of operating experience. This knowledge exists, but it's trapped inside the heads of a select few individuals who've actually operated subscription finance at scale. It's never been written down, systematized, or taught anywhere. Not in MBA programs, not in banking training, not in any course. Until now.

Test yourself. Do you know why:

A 5x LTV/CAC ratio can be worse than a 3x? Company B looks better on paper with a higher LTV and higher ratio. But Company A recovers its acquisition cost in half the time, can reinvest capital twice as fast, and is far less vulnerable to churn shocks. Optimizing for ratio without understanding payback velocity is how companies make expensive mistakes.

A churn spike after a promotional campaign isn't a retention crisis? A campaign acquires 75K subscribers, 3x the normal rate. Blended churn jumps from 16% to 21%. Most teams panic. But at the cohort level, retention actually improved. The spike is entirely driven by the mix of newer subscribers in the base, not by any change in how well you're retaining them. If you react by cutting acquisition spend to "fix" churn, you're solving the wrong problem.

Declining churn can actually be a warning sign? When acquisition drops, your subscriber base skews older and more tenured. Blended churn mechanically improves. You look healthier on paper while your business is shrinking. Without contextualizing the inputs behind the output, you'll misdiagnose the health of the business every time.

Every one of those gaps is invisible until someone shows you. The analyst who walks into a meeting and says "this metric movement isn't what it looks like, and here's why" gets flagged as someone who thinks at a senior level. The one who presents the blended number at face value gets categorized as someone who just runs reports. Same data. Same tools. Same title. Different pattern recognition.

This course gives you that pattern recognition in weeks instead of years. The same edge that takes most professionals 6 to 12 months of on-the-job mistakes to develop.

Get the free lesson: Why Averages Lie in Subscription Finance →

The Curriculum

6 modules that take you from foundations to operator-level modeling. Click any module to see the full chapter breakdown.

01

Intro to B2C Subscriptions

Subscription business models, customer lifecycle, and the foundational metrics that matter

1.1: Subscription Value Proposition
1.2: Subscription Customer Lifecycle 101
02

Subscription Economics 101

Unit economics across business models, LTV/CAC analysis, and why payback period matters more than ratios

2.1: Intro to Subscription Economics
2.2: Unit Economics Overview
2.3: Introduction to LTV/CAC Analysis
2.4: Unpacking LTV/CAC Further
2.5: Understanding the Importance of CAC Payback
03

Building a Durable Subscription Business

Retention dynamics, multi-cohort analysis, the growth ceiling, and how compounding effects drive sustainable growth

3.1: Why Retention Matters
3.2: Multi-Cohort Analysis and The Growth Ceiling
3.3: Optimizing the Growth vs. Retention Trade-off
3.4: A Realistic Look at Retention/Churn Curves
04

Bottoms-Up Subscriber Balance Modeling

The technical core. Trial mechanics, consumer vs. subscription retention, cohort timing, paid balance forecasting, and a complete final project

4.1: Fundamental Subscription Technical Guide
4.2: Technical Walkthrough: Consumer_ID vs. Subscription_ID
4.3: Trial User Journey Overview
4.4: Trial Cohort Performance Analysis
4.5: Trial Cohort Timing and Balance Reconciliation
4.6: Paid Subscriber Balance Modeling: Cohort Acquisition and Retention
4.7: Paid Subscriber Balance Modeling: Balance Reconciliation and Revenue Forecasting
4.8: Final Project: Analyzing Company A vs. Company B [Full Model Exercise + Answer Key]
05

Diagnosing Metric Trends

The judgment layer. How to spot real problems vs. mix-shift effects, avoid misleading averages, and interpret what the data is actually telling you

5.1: Metrics Diagnosis Framework
5.2: Diagnosing Trends in Churn Rate %
5.3: Impact of Subscriber Acquisition Ramp
5.4: Impact of Low Adoption on Churn Rate %
5.5: Can Retention Be Too Good?
06

0-to-1 Strategic Modeling

Counterfactual thinking, how to assess launching a free trial, and how to evaluate annual plan cannibalization

6.1: Introduction to Counterfactuals
6.2: How to Assess Introducing a Free Trial
6.3: How to Assess Launching an Annual Plan

What You'll Be Able To Do

Practical skills you can apply immediately

Build multi-year subscriber and revenue forecasts using cohort-based models

Diagnose adoption and retention issues through cohort segmentation

Evaluate the qualitative and financial considerations behind new subscriber plans and tiers

Build LTV/CAC models that assess cohort efficiency and payback

Break down open-ended problems into strategic frameworks and dynamic Excel models

Develop intuition for subscription mechanics. Not just the what, but the why and how behind every concept

What Students Say

"This course was extremely helpful. I already had several years of experience in consumer tech, but this put a much finer point on subscription models that I otherwise didn't have exposure to and helped set me apart when it came to case studies and interview questions. The materials are grounded in realistic scenarios and show you not just how to forecast subscription models, but more importantly how to be an effective cross-functional partner. Would highly recommend for people of all levels."

CL

Chris Li

Product Finance, OpenAI

"I really loved going through the course and learning from the ground-up how I could build an in-depth B2C subscription model. Diving into unit economics across a variety of scenarios, LTV/CAC modeling, and potential case studies for interviews has been extremely helpful. This sort of information can be hard to come across, and I cannot recommend enough!"

JY

Jaya Yadav

MBA Candidate at Kellogg School of Management 2026

Who This Is For

Aspiring Subscription Finance Talent

Analysts from banking, consulting, or MBA programs breaking into consumer subscription roles. Walk into interviews with the skills and business intuition that typically take months on the job to develop.

Strategic Finance Teams

Leaders who need to ramp new hires fast and uplevel existing talent. Cut the multi-month learning curve and get your team contributing in weeks.

Cross-Functional Operators

Product, Marketing, Strategy & Ops, and Analytics professionals who want to understand the financial and business mechanics behind B2C subscriptions.

Free Lesson: Why Averages Lie in Subscription Finance

Module 5.1: Decomposing blended metrics and spotting mix-shift effects.

We'll send you straight to the PDF. No spam, no subscriptions.

Invest in the Skill Set

Subscription Masterclass
$1,500
Launch pricing through April 30, 2026. Price increases to $2,500.
Self-paced · Lifetime access
6 modules, 30+ lessons covering foundations through strategic modeling
45-tab Excel backup with production-grade models and exhibits
Complete final project (Company A vs. B) with full answer key
Diagnostic frameworks for metric interpretation and churn analysis
Lifetime access. Revisit any lesson or model as your career evolves
Enroll Now

Buying for a team of 3+?

For context: a single engagement with a subscription analytics consultant runs $2,000 to $5,000 per day, and the expertise walks out the door when they leave. This course installs the same analytical frameworks permanently, so you build the capability, not just the deliverable.

If you're ramping into a subscription role

Most subscription finance professionals spend 8 to 12 months building the intuition this course compresses into weeks. That's months of asking your manager questions you could answer yourself, flagging false alarms as real problems, and missing insights that would have influenced real business decisions. The cost isn't measured in dollars. It's measured in months of compounding reputation and impact you can't get back.

If you're building or leading a team

For a team of three, this costs less than a single day of external consulting, and your team keeps the frameworks permanently. The alternative is hiring someone to build these systems internally, which takes a senior hire 3 to 6 months at $200K+ comp. This course installs the same operating system for a fraction of the cost.

If you're preparing for interviews

The delta between landing a subscription finance role at a top consumer subscription company and not landing it is $130 to 180K+ in total comp. This course will teach you the foundational concepts, frameworks, and technical skills to immediately contribute. The Module 4.8 case study simulates a real-world interview question that most subscription companies will ask.

Frequently Asked Questions

Is this relevant if I'm already in a subscription finance role?
Yes. Modules 1 through 3 will be a quick refresher, but Modules 4 through 6 cover operator-level modeling, diagnostic frameworks, and strategic analysis that most mid-career professionals haven't systematized. The diagnostic frameworks in Module 5 alone (decomposing blended metrics, spotting impact from mix-shift, distinguishing real retention problems from adoption timing effects) are the exact skills that separate senior advisors from people who just run the numbers.
Can't I learn this from AI tools?
AI is a powerful tool for subscription finance, but it's only as good as the person prompting it. If you don't already understand why a declining churn rate can be driven by reduced acquisition rather than improved retention, you won't know to ask. This course teaches the why behind the what, and the how through hands-on modeling, so you build the foundation that makes every tool you use, including AI, significantly more effective.
How long does the course take to complete?
Most students complete it in 2 to 4 weeks depending on their prior knowledge and how much time they can dedicate per week. The final project (Company A vs. Company B analysis) alone takes 4 to 6 hours and is designed to simulate a real on-the-job assignment. The course is self-paced with lifetime access, so you can move faster or revisit sections as needed.
What if I'm preparing for interviews?
Module 4.8 is a complete case study. You're given raw data for two subscription companies and asked to build a three-year forecast, compare unit economics, and develop a strategic point of view on which business is healthier. It includes a full answer key that walks through the bottoms-up modeling as well as the written assessment.
Do I need advanced Excel skills?
Intermediate Excel is sufficient. If you can write INDEX/MATCH and build basic charts, you can handle everything in this course. The models are pre-built and production-grade. Each lesson walks you through the logic step by step so you understand every assumption and the reasoning behind each structural choice.
What's the refund policy?
This course is built to compound. The early modules set up the frameworks that Modules 4 through 6 apply at an advanced level. If you get through the first two modules and feel the teaching approach, depth, or level isn't right for you, email us within 30 days for a full refund.

Ready to Master Subscription Finance?

Six modules. 45 production-grade Excel models. And the frameworks needed to make real strategic decisions at scale.

Launch pricing: $1,500 through April 30, 2026. Price increases to $2,500.

Enroll Now — $1,500
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