Episode 1321

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

Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp

00:00 Why Finance Basics matter (even for just 2 people and an idea)

05:02 How VCs can 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

Startup Basics: https://thisweekinstartups.com/basics

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