1min snip

This Week in Startups cover image

Mastering Early-Stage Board Meetings | Startup Finance Basics w/ Kruze's Scott Orn | E1865

This Week in Startups

NOTE

Tailor Financial Updates to Diverse Board Members

Presenting financial statements effectively requires an understanding of the diverse backgrounds of board members. Place financial statements at the end of presentations, as typically, a financially inclined board member will review them in detail. It's crucial to address each type of member—strategic, sales-focused, product-oriented, or culture-driven—by including relevant insights throughout the presentation. Highlighting the variance between planned budgets and actual performance builds trust with investors. Being transparent about overspending and presenting explanations for strategic choices reinforces credibility. Regular updates on budget versus actuals strengthen relationships, as they reveal the true performance of the company against its forecasts.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode