Are You Over Inflating Your Revenue?

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Every v c fund should be doing their diligence. When there's enough time, they'll often hire a big four accounting firm to actually get in there and interface with us. The biggest one that comes to mind is when companies are faking their bank statements. And revenue isfor for better or worse, is a very strong signal for start.

In this hot funding environment, both investors and founders benefit from startups having all the finance basics covered. In this episode, Kruze Consulting COO Scott Orn joins to explain how to prepare for diligence and avoid fraud. They discuss common blockers in diligence (10:19), the benefits of tight financials (23:31) and more!