You have one job as a CEO: don’t run out of money.
Being on top of your Financial Model and business budget can make the difference, and allow managers and founders to make game-changing decisions. The decision to delay a hire or a marketing campaign can get you over the edge, or save somebody’s job.
As your team grows, as your company grows- the weight of these decisions gets significantly higher, and a good financial model is the best way to make educated decisions most of the time.
Our company, Slidebean, is a venture-backed startup based in New York. In…
The legend goes that Masayoshi Son wanted to fund the future’s ideas, so he created a $30 BN dollar fund. That’s right, $30 BN.
But just before he met with potential investors, he fiddled with the slides and changed the amount. The fund wouldn’t be $30 BN. It would be $100 BN.
The investors laughed out loud. He didn’t. “Life’s too short to think small”, he said.
And nothing about his journey to becoming one of the world’s most prominent billionaires has been small. His company, Softbank, is a giant in multiple industries, with aggressive investment and fast expansion…
We can very accurately say that this piece of land has shaped the world where we live in. This is the famous Silicon Valley. It’s fast-paced, alluring, and intimidating, all at the same time.
Rent is completely insane. When we started Slidebean, we lived in an apartment for a few months. Here. And we paid $4,600/mo for a 3BD-$ 6,000 deposit. We didn’t even have furniture.
The Google Plex was a few blocks down the road. Facebook here. Apple here.. Twitter. Cisco. Netflix. Microsoft. You’d see them all on a regular basis.
If the state of California were a…
I hear pitches from about 500 founders every year. Any time I have a conversation with a startup, this is what’s going through my mind: “Are they going to make the same mistakes I keep hearing again and again?” 90% of the time, sadly, the answer is YES! So let’s change that right here and right now with 10 Commandments for Great Startup Pitches.
Each Commandment has a corresponding Slidebean or Dreamit Ventures video that takes a deeper dive into the subject. Check out our YouTube playlist to see each of these videos. …
Going pulbic is the ultimate graduation for an entrepreneur. The black belt. The Academy Award. The olympic medal. Listing your company in the New York stock exchange.
And it’s also one of the most complicated, expensive, and dangerous processes a company can go through. Last year, WeWork almost went out of businesses because they tried to go public.
More recently, as with everything in business- somebody found a legal way to cheat their way to going public, a method called a SPAC; and it may be one of the drivers to the new stock market bubble of the decade.
Most startups are obsessively focused on how to find investors to back their idea. Someone to take a chance on them. Someone who wants to get behind the “next big thing.” But often founders are perplexed on how to find those investors, why it’s taking so long, and how to speed up the process. Let’s dive in.
Ok, no matter what kind of startup you are, the first thing I want you to think about is: do you really need outside investors…
Have you ever lost a game of Monopoly? You probably have. So, you know that in this iconic capitalist game, you lose when you don’t have enough money to pay.
When your cash is already running low and the roll of dice lands you on the most expensive properties, you know you’re on your way out of the game.
You can literally go bankrupt and sell off your little houses, hotels, and mortgages, to get some cash back and pay your debt. And if that’s not enough, you’re out. …
A critical skill that founders and startups need is estimating accurately. But, this is a huge area where most people struggle. Think of all the estimates you need nearly every single day as a founder running a startup:
-When will the next product version be out?
-What do our quarterly and yearly sales forecasts look like?
-How many people should we hire and when?
-How much should we raise?
The list of what you need to estimate is nearly endless. And if you can’t *accurately* estimate you are going to be way off in so many things. And NEWS…
Alright, so let me make a confession. I don’t know enough about the dot-com bubble, and I should, being a tech company CEO, you know.
And mind, you, I’m 32. I was 12 years old at the change of the millennium, but back in 99' all I cared about was my N64.
What I know about the dot-com bubble was this massive overhype on internet businesses that happened in the year 2000-ish, which led to a massive market crash. That I know.
And, and,… there are some keywords in my head, like eBay and Amazon. …
Is it taking quite a while for accounting to get to finalized audits or financial reports? Maybe your startup is just getting started with internal expense tracking. Or perhaps this is the first time you’ve been asked to file an expense report. There’s absolutely no shame in any of that. And the process doesn’t have to be daunting.
We’re actually here to give you tangible ways to ease your reporting needs with all you need to know about expense reports.
Cut back on time spent furnishing these files. And learn about innovative ways of letting expense management software deal…
Slidebean helps startups raise millions with awesome pitch decks.