How to simplify diligence & avoid fraud | Finance Basics with Kruze Consulting’s Scott Orn | E1321
About this episode
Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp 00:00 Why Finance Basics matter (even for just 2 people and an idea) 05:02 How VCs can avoid fraud in a fast moving fundraising environment 10:19 Major blockers that come up during diligence 12:27 Examples of fraud and how to audit financials 18:20 How to calculate lifetime value & customer acquisition cost by the book 22:14 How to prevent your churn numbers from being understated 23:31 The upside of having tight financials 24:31 The big "No-Nos" of self-dealing 28:22 Jason's pro-tip for great financial hygiene 30:49 Make sure y…