This Week in Startups Managing your treasury in 2023 | Startup Finance Basics w/ Kruze's Scott Orn | E1843
7 snips
Nov 8, 2023 
Scott Orn, a startup finance expert and CFA, joins the discussion to share valuable insights on managing treasury in 2023. He highlights the current market state and emphasizes the necessity of diversifying bank relationships to mitigate risks. Scott explores capital preservation and liquidity strategies that startups should adopt in a challenging economic environment. With real-world examples from managing over 800 clients, he provides practical advice to enhance financial safety and ensure growth amid uncertainties.
AI Snips
Chapters
Transcript
Episode notes
Market Bottoming Out
- Startup cash balances are ticking up after declining for nine months.
- This suggests the market may have bottomed out, with weaker companies failing and stronger ones securing funding.
Treasury Management
- Prioritize treasury management, especially during market downturns.
- Focus on putting increased cash to work while protecting your capital.
Cash Allocation Strategy
- Keep 3-6 months of operating expenses in an accessible account.
- Invest the rest in safe, liquid assets like money markets or short-term treasuries.