Many founders think they need to be the Goldman Sachs investment banking analyst, Excel wizard. 75% of every startup's burn rate is employee expenses or contractor expenses. The launch playbook is get in C stage, establish the position and then you want those companies to raise a series A from one of the Sand Hill or New York funds.
Jason welcomes back Kruze COO Scott Orn for another edition of Startup Finance Basics! Jason and Scott break down the state of the market (0:00), 2023 budget planning (9:21), and how to nail investor comms! (14:58)
(0:00) Jason welcomes Kruze COO Scott Orn and they discuss the state of startups and VC
(9:21) What a 2023 budget plan should look like at a Seed stage startup
(14:58) Bias for action, investor comms