Kevin Roth’s Post

Here is the latest instalment of #AskUncleKevin This week, I share some thoughts on effectively managing your startup's financial resources. Key takeaways ✅ Do you really need to make that hire? Think about alternative solutions. ✅ Something that was ingrained into me in my last corporate role was to know the numbers, and do more with less. No matter how financially great the previous year was, the new year always started with austerity. This creates a mindset of financial discipline. ✅ Be flexible. Adopt "agile" budgeting principles. Know how the flex the levers. ✅ Be strategic. And continually refine the strategy. What have I missed? Would love the thoughts of financial wizards in the comments, and bootstrappers. Share your tips below. #startups #UnderestimatedFounders #budgets #finance

Super helpful article and accompanying doc with a #Startup #Equity Calculator to determine the equity for early hires, thanks to Pear VC head of talent Matt Birnbaum! Thanks for sharing Pejman Nozad! 🙏🏼 You can read more here How to structure startup equity for early hires: https://lnkd.in/ggmpT5-Y Google Doc: https://lnkd.in/gjsvths6

Great read (if I do say so myself) on building out your startup's inaugural finance and accounting function. Reach out to Manoj Bhutani and the team at Furey to explore how they can set you up for success as you transition out of stealth mode and start to scale.

Myth: Hiring a virtual CFO for a business is so expensive. Reality: Engaging a virtual CFO is a gamechanger to any business. Super glad to receive this feedback from Aayush 😊 Want someone to handle your startup finances? DM me. #accounting #financeforstartups

💪 Shining a light on Start-up VP's of Finance out there! Earlier this week, I discussed why startups are increasingly preferring VPs of Finance over CFOs. Now, let's explore the impact a VP can have on your startup! 📈 The role of a VP of Finance is far more than just managing numbers. It requires a diverse and evolving skill set to meet the demands of a dynamic startup environment. These professionals are pivotal in driving financial strategy, ensuring operational efficiency, and guiding companies through various stages of growth. 🚀 From handling fundraising efforts and managing investor relations to streamlining financial operations and providing strategic insights, VPs of Finance are integral to a startup's success. Their ability to adapt and thrive in fast-paced, often uncertain conditions makes them invaluable assets. The below gives any Founder a guide on what a good VP looks like and what value they can bring! 🥇 #startup #vpoffinance #tech #nyc #uk

Titles like CFO, VP, and Director are just that—titles. They don't define the individual. Without vision, a person in these roles is merely a number cruncher. But what is vision? It's not just extraordinary insight like X-ray vision; it's about being a strategic visionary who sees the big picture. This person must be a big-picture thinker who understands every aspect of the business and can think strategically. They need to be creative, understand best practices, and piece together the working puzzle of a business to create more value for the company.

As a startup employee, I know how motivating equity can be. Helping founders reward their teams is all about making it easier to start the process, so that’s what we’ve done… Carta's free calculator helps you size and value your company’s option pool, based on industry benchmarks and your expected hires. In the spirit of paying it forward, pass this tool on to another founder in your network!

As a startup employee, I know how motivating equity can be. Helping founders reward their teams is all about making it easier to start the process, so that’s what we’ve done… Carta's free calculator helps you size and value your company’s option pool, based on industry benchmarks and your expected hires. In the spirit of paying it forward, pass this tool on to another founder in your network!

🔻 Startup Finance FAQ 🔻 What Should be Included in My Startup's Annual Financial Plan?========================= A startup’s annual financial plan should include the following 6️⃣ deliverables: ➡ Financial Projections ➡ Revenue Plan ➡ Expense Plan ➡ Cash Plan ➡ Key Performance Indicators (KPIs) ➡ Incentive Compensation Plans Burkland’s CFOs and FP&A experts have helped hundreds of venture-backed startups with financial planning and budgeting. Get in touch to learn more about how we can help your startup or portfolio company. https://lnkd.in/gX67rQFH #StartupFinance #AnnualPlanning #startups

How to Properly Manage the Cash Flow of Your Startup Ever think financial planning and analysis is just for big businesses? Think again! Startups thrive on solid financial planning, which is key to staying ahead of your competitors. https://lnkd.in/gdrAEAwr