More posts on "Startup Founders" Tag

How to Handle a Co-Founder Departure

How to Handle a Co-Founder Departure
Posted on Tue, 20 July 2021 by scott-orn

Your co-founder tells you he or she wants to depart. This is something no one in a startup wants to go through. But, sometimes if one of the partner’s or one of the founder's hearts aren't really in it, it's way better to know earlier rather than later.

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5 Ways to Collect Cash Upfront from Customers

5 Ways to Collect Cash Upfront from Customers
Posted on Sun, 11 July 2021 by scott-orn

All businesses depend on revenue. This is especially true for startups where maybe money is scarce. So, collecting cash upfront from customers is crucial and beneficial to the success of the business.

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What happens to my personal taxes if my employer switches to a PEO mid-year?

What happens to my personal taxes if my employer switches to a PEO mid-year?
Posted on Mon, 21 June 2021 by scott-orn

A question that comes up every now and then is “my employer changed to PEO, a professional employer organization, mid-year, how does that affect my personal taxes and  W2s?” The answer is, it is not that complex.

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What Happens If Your Startup Doesn’t Make Its Medical Payments?

What Happens If Your Startup Doesn’t Make Its Medical Payments?
Posted on Tue, 15 June 2021 by scott-orn

Although this topic only comes up every couple of years in the Kruze client base, it is a huge deal. What happens if your startup doesn't make its medical payments (as in the monthly insurance premiums that are required to keep the employees’ health plans active)?

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Financing a Startup

Financing a Startup
Posted on Sun, 6 June 2021 by scott-orn

Financing a Startup - 8 most common sources of startup financing.

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How to Legitimize a Handshake Equity Agreement Between Founders

How to Legitimize a Handshake Equity Agreement Between Founders
Posted on Mon, 3 May 2021 by scott-orn

Startup founders often ask us how to legitimize a handshake equity agreement between two founders. This is a great question and often comes up around equity grants.

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What is an Orphaned VC Deal?

What is an Orphaned VC Deal?
Posted on Tue, 27 April 2021 by scott-orn

Your startup just got VC funding. Congratulations! But, then you receive notification that your venture capital partner just left their firm. Before you panic, read this article about “what is an orphaned VC”. Although it sounds awful, it is not as bad as you might think.

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Which States Are Taxing PPP Loan Forgiveness?

Which States Are Taxing PPP Loan Forgiveness?
Posted on Mon, 19 April 2021 by scott-orn

PPP or the Paycheck Protection Program has been pretty big in the startup space, especially for a lot of seed and Series A companies that haven't raised a lot of capital.

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What Does an Outside General Counsel Do?

What Does an Outside General Counsel Do?
Posted on Mon, 12 April 2021 by scott-orn

What does an outside general counsel do? I've been getting this question more often. I think most startup founder's executive teams are used to working with a big startup law firm to handle all their financings, the M&A for sure.

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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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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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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 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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A Guide to Tax Returns for Seed Stage Startups

A Guide to Tax Returns for Seed Stage Startups
Posted on Wed, 20 January 2021 by vanessa-kruze

It’s tax season once again and for seed stage startup founders, there’s a lot to know. At Kruze Consulting, our tax experts work with early stage companies through all stages of the tax process. Here are the most commonly asked questions we get from founders.

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Webinar: Life Science Startups Can Lower Operating Costs During COVID-19

Webinar: Life Science Startups Can Lower Operating Costs During COVID-19
Posted on Mon, 19 October 2020 by Healy Jones, VP of Marketing

Our friends from TriNet have invited Kruze Consulting COO, Scott Orn, to host a roundtable to discuss end-of-year planning and outline the activities that life sciences companies need to consider while moving into 2021.

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Startup office leases and the COVID crisis

Startup office leases and the COVID crisis
Posted on Thu, 17 September 2020 by scott-orn

Many startups are finding themselves in a tough situation due to the COVID crisis. And we see many of our early-stage companies cutting their office expenses as a way to reduce their burn rate. What should a startup do if it is in a really tough situation and wants to adjust its office lease?

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Top three negatives that employees feel about their bosses

Top three negatives that employees feel about their bosses
Posted on Thu, 30 July 2020 by scott-orn

As the COO of a people-driven services firm, I spend a lot of time thinking about our employees. We aren’t perfect here at Kruze, but I think we’ve taken a lot of very great steps in the past couple of years to make this a good place to work.

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Your startup is a giant sea monster

Your startup is a giant sea monster
Posted on Tue, 21 July 2020 by jim-gellas

You’re a startup and the world of possibilities lies at your feet.  You’ve developed a product that can provide value to organizations across the globe.  You simply need to let the world know about you.

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What is EPLI and how it could save your startup $100,000 dollars

What is EPLI and how it could save your startup $100,000 dollars
Posted on Wed, 8 July 2020 by jim-gellas

This is the story of how a 20-person startup lost $100,000 of their cash because they didn’t have EPLI.  If you are a startup founder, have employees, and haven’t heard of EPLI, this post is for you!

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Podcast with Kruze Client and Sean Ellis

Podcast with Kruze Client and Sean Ellis
Posted on Mon, 20 April 2020 by healy-jones

Recently, Kruze COO, Scott Orn, participated in Sean Ellis’ new podcast accompanied by one of our clients - the CEO of SonderMind, Mark Frank.

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SBA Crisis loans may work for startups - plus alternative funding sources

SBA Crisis loans may work for startups - plus alternative funding sources
Posted on Tue, 24 March 2020 by healy-jones

Congress is working on legislation to help businesses survive the COVID-19 crisis. Traditionally, SBA loans would not be a fit for venture-backed startups because of personal guarantees requirements and majority ownership issues.

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What the Plaid acquisition by Visa means for startup bookkeepers

What the Plaid acquisition by Visa means for startup bookkeepers
Posted on Tue, 3 March 2020 by healy-jones

Visa has announced that they are acquiring Plaid, a FinTech Unicorn who provides the backend data-transfer piping a lot of automated financial systems use - including some cutting edge bookkeepers.

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2019 Kruze Training Offsite

2019 Kruze Training Offsite
Posted on Tue, 17 December 2019 by Healy Jones, VP of Marketing

The Kruze team is getting together this week for networking, training and 2020 planning.

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How to Pick an Accountant for a Venture-Backed Delaware C-Corp

How to Pick an Accountant for a Venture-Backed Delaware C-Corp
Posted on Mon, 18 November 2019 by healy-jones

Kruze Consulting is 100% focused on helping seed and venture funded Delaware C-Corps with their accounting needs.

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How are Startups using cloud software that IPO’d in 2019?

How are Startups using cloud software that IPO’d in 2019?
Posted on Thu, 31 October 2019 by healy-jones

2019 hasn’t been the best year for startup IPOs. Uber, Lyft, and Slack are all tradings below their IPO prices - and let’s not even talk about WeWork.

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If this is the tech recession, what can you do about it?

If this is the tech recession, what can you do about it?
Posted on Tue, 22 October 2019 by healy-jones

From our perch as accountants to almost 200 venture-funded startups, we may be seeing some signs of a coming economic slowdown. Here is our advice on what startup founders should do to prepare for a recession.

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Featured Service - Super Fast Business

Featured Service - Super Fast Business
Posted on Fri, 26 January 2018 by scott-orn

Super Fast Business is a business resource designed to help you as an online business owner make more while working less.

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What is the best and cheapest registered agent in Delaware that has experience with tech startups?

What is the best and cheapest registered agent in Delaware that has experience with tech startups?
Posted on Wed, 3 January 2018 by vanessa-kruze

I’m going to expand this question a bit…Why does a startup need to have a Registered Agent in Delaware?

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