Startup founders - what your startup needs to know by a leading startup CFO firm

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.

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.

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.

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.

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?”.

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.

[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”.

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.

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.

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.

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.

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?

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.

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.

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!

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.

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.

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.

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.

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.

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.

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.