John Corey’s Post

🚨 The Risks of False Financial Data in Startups 🚨 Startups thrive on trust, and presenting false financial information can lead to devastating consequences. Here’s what’s at stake: 1. Legal Trouble: Fraud charges, regulatory fines, and investor lawsuits are real possibilities. 2. Reputation Damage: Loss of credibility with investors, customers, and employees. 3. Financial Fallout: Loss of funding, potential bankruptcy, and expensive restitution. 4. Operational Disruption: Leadership changes, employee turnover, and halted growth. 5. Regulatory Scrutiny: Ongoing audits and compliance challenges, impacting future fundraising or IPO plans. In short: honesty isn’t just the best policy, it’s essential for survival. 🚀 #Startups

Startup founders: Never pay to pitch investors. That's predatory behavior and a huge red flag. Stay away from these exploitive events. Investors: Avoid pay-to-pitch panels. It will damage your reputation and signals subpar deal flow. Bad news all around.

startups must prioritize gathering, analyzing, and leveraging financial data. It’s essential for informed decision-making, investor trust, and sustainable growth. Fincraft is equipped to safeguard your business's growth by addressing internal threats and resolving external conflicts. #fincrfat #financialexperts #financialreporting #startups

Startup Ideas 💡Emerges in most unexpected ways and mostly from solving personal problems, because you know them in and out. 😎 Great conversation with Robin Kretzschmar, Learning how a simple budget tracking XL sheet 📇could be converted into a #fintech Company. Read the full article online 👇 https://lnkd.in/en_6ER3G

Founders get a beating for not being financially literate. Unfortunately, some VCs are worse They take people's hard earned cash and YOLO into founders, seemingly without proper analysis or oversight 😥 Startups are by definition scrappy, but when you've raised $2.3 million??? 🤡 "Before it shut down, Thepeer had a monthly burn rate of about $17,000 while it made less than $650, in total, between January and October 2023" 🤡 Where was the CFO? Where were annual reports and audits? Did investors receive regular updates? This is a proper sh1t show... and it's only just unraveling, more to come

In my years of experience as a legal professional, I have always emphasized the indispensable role of a data room. A data room becomes your repository of information and key documents for potential investors and partners to assess your startup’s potential. A data room is more than just impressing investors. It brings peace of mind to startups by safeguarding all of the important documents that are essential to the business and intellectual property and confidential information. A secure data room is a safety net that enables the confident sharing of sensitive information. Comment “checklist” and DM me your email and I will guide you on what goes into the data room. #legalcircle #legalexcellence #dataroom #startups

The startup ecosystem is booming, but are you ready to take your angel investing to the next level? Lead a syndicate and unlock: ✅Broader deal flow ✅Shared expertise ✅Reduced risk ️ Auptimate empowers you to navigate the legalities and build a thriving syndicate. Learn how in our latest guide! #SyndicateLead #AngelInvesting #SoutheastAsia #Auptimate

Data rooms matter. The more organized and detailed the documentation is, the better. Cascade Seed Fund sees over 1000 deals a year and digs in on about 300. The opportunities and founders we work with are in the PNW and, given the broad networks of our investors and founders, we also invest in targeted opportunities that are referred by trusted sources from across the US and Canada. I don't have an exact number, but I have reviewed thousands of diligence documents, matching the data provided to the story the company has shared in the pitch and looking for missing data, weak points, and points of strength that affect the potential success of the investment. If you have a start up, start now and include all key documents. Below is a link to a Series A checklist. It's a starter framework. Build it now. https://lnkd.in/gVuU9ehF

As an investor, what advantages are you looking for in your funds? A) Unlocked economies of scale using parallel processes B) Faster and derisked startup building through proven, repeatable playbooks C) Investing in star founders who are focused and committed With FutureSight, you don't have to choose.

What advice would I give to an aspiring investor after 5 years of investing? - Create online content to become known - Grow a network of founders, investors, operators - Invest your own money first, then start leveraging other people's money - Continuously grow deal flow to access new startups - Learn to utilize online tools to make better decisions - Be helpful to founders beyond the cash