article thumbnail

The Bare Minimum You Need To Know About Accounting

YoungUpstarts

by Vinnie Fisher, co-founder and chief visionary of Total CEO and author of “ The Best Investment: A Better You “ As the end of the fiscal year approaches, many new business owners are finding themselves panicking to get their books in order. A balance sheet is a “snap shot” of your company’s current financial situation.

article thumbnail

Introducing the Cap Table and Hiring the CTO

Feld Thoughts

Jane and Dick, our fearless cofounders of SayAhh, have set up an accounting system and created their first set of financial statements. The founders each have common shares that will vest over four years. It is not in the three primary financial statements (the Balance Sheet, Profit & Loss, and Cash Flow Statement.)

Cap Table 133
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Overview of Balance Sheet and Statement of Cash Flows

Feld Thoughts

When we were last with our SayAhh cofounders, they had implemented an accounting system and Jane had contributed $50,000 for a 55/45% equity split. This week we introduce two of SayAhh’s key accounting documents: the Balance Sheet (BS) and Statement of Cash Flows (SCF) showing how this investment is accounted for.

article thumbnail

Sayahh’s Financial Statements For August 2011

Feld Thoughts

Today, we’ll look at the impact of the expenses to date on the P&L, Balance Sheet, and Cash Flow Statement. After signing the lease, Samir suggested that they could have saved a lot of money by using a co-working space but once the decision was made and the lease signed, there was no turning back.

article thumbnail

Startups: How To Apply For (And Win!) Business Awards

YoungUpstarts

by Caroline Pegden, co-founder of TempaGoGo. Judges may want to see your balance sheet, as this is the most concrete proof of your success, but you simply cannot afford the reputational damage of appearing rough around the edges — especially as some startups may have PR professionals on hand.

article thumbnail

3 Ways Structure Can Take Your Tech Startup To New Heights

YoungUpstarts

Whether it’s burn rates, balance sheets, or P&L and cash flow statements, financial documents say a lot about your operations — and you need to be able to speak the language. Ideally, tech startup founders stay on till the very end. Get it all in writing.

article thumbnail

2022 Predictions

Eric Friedman

This is already happening, but there will be an explosion of rolling funds, operator angels, and micro investors who want to co-invest in friends, companies, and cohorts they are a part of. Maybe the founders are the micro VCs we have been waiting for? This sort of happened. 6/ I don’t get the vaccine for COVID19 (but want too!).