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The Accounting Podcast

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Accounting for Start Ups - The Controller Never Provided These Numbers

During this time, they were making no money. And so they wre burning about two million dollars a week. Their actual revenue never exceeded one point or million. They had that in 20 ten, then it halved to like half a million in 20 11, down to zero in 20 12 and 20 13. So the question is where did holmes get these numbers that she gave to all the investors? And what happened? Wast it made you value thronels two different ways. It was either worth one point nine billion, or the other way, according to the prosecutors.

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