This Week in Startups
Managing your treasury in 2023 | Startup Finance Basics w/ Kruze's Scott Orn | E1843
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.
18:30
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Quick takeaways
- Startups with stronger fundamentals are seeing an increase in funding and cash balances, signaling a potentially brighter future for the startup ecosystem.
- Having two banks for startup accounts, including an escape hatch bank, and utilizing insured cash sweeps can help manage risk and diversify the startup's treasury.
Deep dives
Startups seeing improvement in cash balances and burn rates
According to Scott, the median cash at a startup has been increasing in the past three months, suggesting a potential upturn in the startup ecosystem. Weaker companies that may not have deserved funding have been cold, allowing stronger companies to secure more funding and drive up their cash balances. This positive trend indicates a potentially brighter future for startups overall.
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