Kruze consulting Blog

Accounting, Finance, HR and Tax for Startups

What Does the VP of Ops or COO At a Startup Do?

What Does the VP of Ops or COO At a Startup Do?
Posted on Tue, 6 April 2021 by scott orn

Maybe you are an early-stage founder and you are at the point of needing to grow your leadership team? Maybe you are a newly hired VP or COO and are not quite sure of your role? You may be wondering, “what does the VP of Ops or COO at a startup do?” And the answer is a little bit of everything. PS. read to the end for helpful COO/VP of Ops tips.

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3 Tips for Startup Venture Capital Funding

3 Tips for Startup Venture Capital Funding
Posted on Tue, 30 March 2021 by healy jones

Startup founders, are you looking to raise venture capital? Here are 3 tips for startup venture capital funding.

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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.

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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.

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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.

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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.

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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.

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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?”.

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[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”.

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Brex vs Stripe - Which card is best for startups?

Brex vs Stripe -  Which card is best for startups?
Posted on Wed, 17 February 2021 by healy jones

One of the fastest-growing tools that we’ve seen our startup clients adopt is Brex’s corporate card. Stripe’s card announcement was huge - but has since fizzled.

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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.

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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?

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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.

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Where Should Your Startup Incorporate

Where Should Your Startup Incorporate
Posted on Tue, 2 February 2021 by scott orn

If you are a startup and you are going to get venture capital financing, you should consider incorporating out-of-state and become a Delaware C-corp. This means your initial incorporation happens in Delaware. There are a few reasons why you would want to do this and this article will discuss a few.

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What is the Value-Add of Angel Investors

What is the Value-Add of Angel Investors
Posted on Tue, 26 January 2021 by scott orn

As a startup looking for funding, you should know the answer to “what is the value-add of angel investors?” Read to learn more.

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