How to simplify diligence & avoid fraud | Finance Basics with Kruze Consulting’s Scott Orn | E1321

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0:00 Why Finance Basics matter (even for 2 people and an idea)
05:02 How can VCs 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 your tax filings match the books

Check out Kruze Consulting: https://www.kruzeconsulting.com/twist

FOLLOW Scott: https://twitter.com/scottorn
FOLLOW Jason: https://linktr.ee/calacanis

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Overcast: https://overcast.fm/itunes315114957/this-week-in-startups-audio

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