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Startup Finance Pitfalls and How to Avoid Them by Kirsty Nathoo

Startup School by Y Combinator

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How Much Does Your Product Cost?

A good rule of thumb is that an employee will cost out er 25 to 50 % more than just their salary. You should be looking at what your costs are right now and seeing, thinking, are they reasonable? What do we think they might go up to? Don't lie to yourself. Runway is not a vanisymetric. It's for you to know the health of your company. The first one is out sourcing responsibility. Often the ceo will hire a bookkeeper, am to prepare the finances for a company as they start to get a little bit more complex.

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