Building a Frugal Culture in Your Company

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Not paying close attention to your burn is deadly. Your funding is always going to disappear faster than you expect. Never count on any future investment or investor to be there for you. Frugality can really, really turn your business aroundan increate incredible opportunities if everyone is on board. But that means, from the top down, you have to start being the example of that. Otherwise it's hypocrisy.

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.