Burn Rate Finance Hiring Metrics 
YoungUpstarts
AUGUST 31, 2019
You should never leave the office at the end of any day or week without having all finances reconciled with the proper supporting documentation. Keep Cash Burn Low. Every startup, no matter how small or large, should have a clear understanding of its burn rate. The first step is to calculate your burn rate.
Both Sides of the Table
MAY 2, 2015
For a well-funded seed company I have controversially recommended hiring a great office manager that doubles as an administrative assistant. This happens because many CEOs are passionate, market-driven people who are constantly trying to launch new products, win contracts, get press, hire staff and woo VCs. Hire a great CFO.
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Feld Thoughts
NOVEMBER 18, 2013
Here’s the punchline: if you run your company as if you have closed a VC equity financing round even though you actually closed a convertible debt round, you’ll be in much better shape when it comes time to raise your Series A financing. They close on the $750k, hire a buddy or two, buy some Macs, and get to work.
ReadWriteStart
JULY 9, 2023
They impact fundraising, hiring, intellectual property rights and patents, and many more things around starting and running a business. You can hire a lawyer or consult with one from time to time, but knowing the legal side of venture investment and running a company is essential. Metrics A business should be measurable.
Up and Running
SEPTEMBER 17, 2014
That’s why we asked nine members from Young Entrepreneur Council (YEC) what metrics all founders should be aware of — always. This impacts every decision related to your business, from hiring more staff to expanding product offerings to investing in marketing. – Ben Rubenstein , Yodle. No Specific Metric.
View from Seed
OCTOBER 15, 2014
Examples of housekeeping include the following list, though not every item will appear every time: Finance: Cash out date, burn rate, 409A valuation, cap table, common/preferred stock dashboard. Team: Hires, fires, departures, responsibility changes, major promotions, and your org chart.
Up and Running
OCTOBER 1, 2014
Statdragon is a Saas platform that allows businesses to access and analyze metrics about their existing videos and optimize their video marketing strategy. Nelson has some tips: Know your burn rate. Hire and surround yourself with people who are hungry for the opportunity and super driven,” she advises.
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