Kruze consulting Blog

Accounting, Finance, HR and Tax for Startups

What is the Right of First Refusal When it Comes to Startup Equity?

What is the Right of First Refusal When it Comes to Startup Equity?
Posted on Sun, 21 March 2021 by scott orn

What is the Right of First Refusal (ROFR) when it comes to startup equity? The ROFR is part of the stock purchase agreement that is signed during a venture capital fund raise.

Read More...

Startup PPP Loan Statistics

Startup PPP Loan Statistics
Posted on Sat, 20 March 2021 by healy jones

We recently compared revenue trends amongst 400 early-stage startups that took a Payment Protection Program (PPP) loan last year to startups that did not.

Read More...

Where Do VCs Get Their Money?

Where Do VCs Get Their Money?
Posted on Tue, 16 March 2021 by scott orn

Where do VCs get their money from? Everyone knows that entrepreneurs who are doing a startup have to go to pitch venture capitalists.

Read More...

What are Your VC’s Return Expectations Depending on the Stage of Investment?

What are Your VC’s Return Expectations Depending on the Stage of Investment?
Posted on Sun, 14 March 2021 by scott orn

It is incredibly important that startup founders know what their VCs are going for so that they can be aligned and make smart decisions.

Read More...

How does a secondary transaction get reported on ASC 718 Stock Option Expense?

How does a secondary transaction get reported on ASC 718 Stock Option Expense?
Posted on Wed, 10 March 2021 by scott orn

The quick answer is that a secondary transaction should not impact your ASC 718 reporting. However, going forward, It potentially can impact your 409a.

Read More...

What is the Minimum Angel Check to Get Pro-Rata Rights

What is the Minimum Angel Check to Get Pro-Rata Rights
Posted on Tue, 9 March 2021 by scott orn

Sometimes, founders will just give everyone who participates in the early rounds pro-rata rights.

Read More...

Compilation vs Review vs Audit

Compilation vs Review vs Audit
Posted on Sun, 7 March 2021 by vanessa kruze

If you’re a startup, chances are at some point your investors have asked you to provide “Audited GAAP Financials” for your next fundraising event.  However, few investors truly understand the cost and time involved in providing Audited GAAP Financials.

Read More...

What is a Secondary Stock Transaction?

What is a Secondary Stock Transaction?
Posted on Wed, 3 March 2021 by scott orn

As you know, right now, the stock market and venture capital market are very frothy and on fire. So there are a lot of secondary transactions happening. Meaning, a lot of venture capital firms are buying the founder shares or previous VC investors shares in the company.

Read More...

Can my startup change its accounting method to be eligible for PPP2 loans?

Can my startup change its accounting method to be eligible for PPP2 loans?
Posted on Tue, 2 March 2021 by scott orn

As a startup founder, you may be wondering if and how you can be eligible for the second round of the Payment Protection Program, or PPP2 loan. Some founders have even come to me asking the question, “can my startup change its accounting method to be eligible for the PPP2 loans?”.

Read More...

6 Best Ways to Pay International Contractors

6 Best Ways to Pay International Contractors
Posted on Mon, 1 March 2021 by scott orn

Today, let’s dive into the question, “how do I pay international contractors?”. I’m writing this during the COVID pandemic and every company has gone virtual or remote. What we are seeing across the Kruze client base, is that folks are working with many more international contractors and it makes a lot of sense.

Read More...

[Startup Finance Basics] Scott Orn on the This Week In Startups Podcast

[Startup Finance Basics] Scott Orn on  the This Week In Startups Podcast
Posted on Sun, 21 February 2021 by healy jones

Recently, Kruze Consulting’s COO, Scott Orn, was invited to be a guest on Jason Calacanis’ highly-ranked This Week In Startups Podcast. Scott participated in a four-part series entitled “Startups Finance Basics”.

Read More...

Can my startup retroactively apply for PPP 1?

Can my startup retroactively apply for PPP 1?
Posted on Thu, 11 February 2021 by scott orn

Today I’m answering the question, can my startup retroactively apply for a PPP 1 loan? This is a question I’m getting quite a bit from startup founders who were eligible but didn’t apply for the Payment Protection Program loan in March, April, and May of last year.

Read More...

How to collect your Accounts Receivable Checks When Your Office is Closed Due To Covid

How to collect your Accounts Receivable Checks When Your Office is Closed Due To Covid
Posted on Tue, 9 February 2021 by scott orn

Today I’m answering the question: how do startups collect accounts receivable checks when their offices are closed due to covid?

Read More...

How Do Venture Capitalists Spend Their Time?

How Do Venture Capitalists Spend Their Time?
Posted on Mon, 8 February 2021 by scott orn

Today we are answering the question, “how do venture capitalists spend their time?” Everyone thinks VCs just get to run around and invest in tons of companies and have the greatest job of all time… but they only get to do that for a small percentage of their time.

Read More...

Brex vs American Express - Which credit card is best for startups?

Brex vs American Express -  Which credit card is best for startups?
Posted on Wed, 3 February 2021 by healy jones

The Brex corporate card is one of the fastest-growing financial tools we’ve seen startups adopt in the past few years. But traditional card vendor American Express isn’t sitting on its laurels, and has announced their own “Brex Killer” card – “American Express Corporate Program for Startups.”

Read More...

  call us