Low-Burn | Scaling Your Startup S2 E8 with Neyborly’s Ben Seidl & Xendoo’s Lil Roberts | E1224



about this episode

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See the series at https://thisweekinstartups.com/scale

Show notes:
00:00 Intro
2:58 Ben Seidl CEO of Neyborly on Managing Burn Rate
09:23 Netsuite – Graduate from outdated software with a special financing program https://netsuite.com/twist
10:51 How to manage – Be engaged and proactive
14:20 Adjusting quickly is the most important aspect of managing burn
17:22 Six things to stay alive
20:54 Five key learnings for deploying capital
24:33 OurCrowd – Join OurCrowd’s investing platform at https://ourcrowd.com/twist
26:00 Lil Roberts CEO of Xendoo on Financial Health
29:00 The four revenue business models of startups
34:59 Cash vs. Accrual accounting
38:34 Brainbase – File your first trademark for $199 at https://brainbase.com/file
40:15 Core monthly financials
43:58 Building your financial team
48:48 Q&A with Jason – Did Ben think about closing down the business in the pandemic?
51:32 How low-burn creates a slingshot business
53:18 How involved should a founder be with their financials?
55:02 How much runway you have?
56:12 Do high-interest loans on recurring revenue make sense?

Check out Neyborly: https://www.neyborly.com
Check out Xendoo: https://xendoo.com

FOLLOW Ben: https://twitter.com/ben_seidl
FOLLOW Lil: https://www.linkedin.com/in/lillianroberts/
FOLLOW Jason: https://linktr.ee/calacanis

Listen here:
Apple: https://podcasts.apple.com/us/podcast/this-week-in-startups-audio/id315114957
Spotify: https://open.spotify.com/show/6ULQ0ewYf5zmsDgBchlkr9
Overcast: https://overcast.fm/itunes315114957/this-week-in-startups-audio

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