Are You Engaged and Proactive in Your Finances?

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"You need to be engaged and you need to be proactive as founder, c e o or a member of the executive team," he says. "I like to keep a twenty per cent rainy day fund kind of set aside." He also believes that founders should be involved in bookkeeping and monthly reconciliation. 'It helps me manage our cash a bit better'

A low-burn rate gives startups the agility they need to succeed and weather unforeseen challenges. Two CEOs join Jason to discuss how founders can make the most of their limited capital. Ben Seidl of Neyborly covers managing burn rate (2:58), Lil Roberts of Xendoo shares the steps needed to maintain financial health, then Jason joins for a Q&A on how to create a slingshot business(48:48), the appropriate level of runway (55:02) & more.