This Week in Startups

Jason Calacanis covers startups, tech, markets, media, and all the hottest topics in business and technology. He also interviews the world’s greatest founders, operators, investors, and innovators.

The Best Financial Advice VCs Give Startups | Startup Finance Basics w/ Kruze's Scott Orn

Oct 18, 2024 • 21 mins

Kruze’s Scott Orn joins Jason on the latest edition of Startup Finance Basics! In this episode, they break down the best financial advice that VCs give founders including, managing cash flow, accounting methods, building an effective financial plan, and more!

Key Points

Always maintain a cash runway that aligns with your milestones to avoid running out of funds and having to make detrimental cuts.
Accurate and transparent financial reporting, especially using accrual accounting over cash accounting, is crucial for maintaining investor trust and making informed business decisions.
Having a clear, simple, and workable financial plan that you understand and can discuss in detail is more valuable than an overly complex model you can't explain.

Speakers

Jason Calacanis

Host • 55%

Scott Orn

Guest • 45%

Partners

Chapters

0:00	Kruze COO, Scott Orn, joins Jason
0:21	The best financial advice VCs give startups, managing cash flow, and the risks of over-fundraising
5:19	Growth strategies for early-stage startups and accounting methods
8:28	Legal aspects of financial representation and maintaining credibility with VCs
15:00	Building an effective financial plan for your startup
17:47	Historical perspectives on funding and the importance of regulatory considerations

Transcript

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