Episode 1224

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

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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09:23 Netsuite - Graduate from outdated software with a special financing program https://netsuite.com/twist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

Thanks to our partners:

Netsuite - Graduate from outdated software with a special financing program https://netsuite.com/twist

OurCrowd - Join OurCrowd's investing platform at https://ourcrowd.com/twist

Brainbase - File your first trademark for $199 at https://brainbase.com/file

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