More posts on "founders" Tag

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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Form 3921: Everything you need to know

Form 3921: Everything you need to know
Posted on Wed, 7 April 2021 by Vanessa Kruze

Form 3921 is an IRS Form that reports the exercise of an employee Incentive Stock Option (ISOs).   Note that ISO’s can only be issued to startup employees, not contractors.

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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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Brex vs Ramp - Which card is best for startups?

Brex vs Ramp -  Which card is best for startups?
Posted on Thu, 25 March 2021 by Healy Jones

One of the fastest-growing tools that we’ve seen our startup clients adopt is Brex’s corporate card. But Ramp’s expense management card is a great option for later-stage companies.

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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.

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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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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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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.

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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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Startup Financial Planning

Startup Financial Planning
Posted on Tue, 1 December 2020 by Scott Orn

It is late in the year 2020, and we can all agree that it’s been a doozy year so far. Everyone will be probably cheering for the same hopes and wishes to have a much better 2021. It is also a time to get your startup’s financial plan together.

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Technical debt for accountants

Technical debt for accountants
Posted on Mon, 26 October 2020 by Scott Orn

A lot of startup founders know about technical debt. It basically means when you're working fast you're not going to architect everything perfectly.

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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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Best Shopify Apps

Best Shopify Apps
Posted on Tue, 18 August 2020 by Scott Orn

We work and do the accounting for a TON of eCommerce companies, and have seen many different configurations of Shopify apps. Here is our list of the best apps for your Shopify software stack.

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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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Webinar: SMB loans during COVID

Webinar: SMB loans during COVID
Posted on Sun, 19 April 2020 by Scott Orn

Kruze Vice President FP&A, Healy Jones, will be joining this new Procurify’s webinar on All You Need To Know For Small Business Loans.

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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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Tech CFOs Name the Hottest New Tech Cities In 2020

Tech CFOs Name the Hottest New Tech Cities In 2020
Posted on Tue, 18 February 2020 by Healy Jones

This month we surveyed nearly 30 Bay Area CFOs to find out their predictions for all things tech in 2020. One question that drew particularly enthusiastic responses was: What’s the next new U.S. tech hub?

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Working Capital 101 for Startups

Working Capital 101 for Startups
Posted on Tue, 21 January 2020 by Healy Jones

Venture-backed, early-stage companies should use accrual accounting - I won’t get into the detail here as to why, but if your goal is to raise serious VC funding or get acquired by a public technology company (or eventually have an IPO), you need accrual-based accounting.

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Startup Offsite Travel Policy

Startup Offsite Travel Policy
Posted on Tue, 10 December 2019 by Healy Jones

Offsites are becoming more and more popular for startups, especially since many startups are hiring remote workers. Getting everyone together for a few days to go over corporate strategy and training can not only help improve productivity, it can also help grow the right company culture.

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

Brex vs American Express -  Which credit card is best for startups?
Posted on Tue, 5 November 2019 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.”

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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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Using milestones to gate your burn rate

Using milestones to gate your burn rate
Posted on Tue, 1 October 2019 by Healy Jones

Early-stage startups have a constant battle of managing their cash-out dates (when they run of capital) and spending enough to make progress on their business plan.

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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, 11 September 2019 by Healy Jones

One of the fastest-growing tools that we’ve seen our startup clients adopt is Brex’s corporate card. But Stripe’s new card is a huge announcement from a major fin-tech provider to early-stage companies.

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Event - Managing Departmental Budgets for Fast Growth Startups

Event - Managing Departmental Budgets for Fast Growth Startups
Posted on Thu, 15 August 2019 by Healy Jones

Kruze Consulting and Procurify are pleased to present an event for San Francisco startups, Managing Departmental Budgets for Fast Growth Startups.

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Sustainable Coffee Company Roast Umber for WellnessWednesday

Sustainable Coffee Company Roast Umber for WellnessWednesday
Posted on Mon, 5 August 2019 by Hannah Cole-Leathers, Staff Accountant at Kruze Consulting

Brad Gakenheimer joined us for a #wellnesswednesday event to share how Roast Umber is working to break down barriers in exploring coffee, to promote sustainable growing practices and challenge you to enjoy a cup of coffee, as it is.

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Uber Lyft - April 2019 Updated Analysis

Uber Lyft - April 2019 Updated Analysis
Posted on Mon, 29 April 2019 by Healy Jones

We recently updated our Uber vs. Lyft Market Share Report. Check it out to see how these two competitors fought over the startup ridesharing market!

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Featured Service - Growlabs

Featured Service - Growlabs
Posted on Tue, 13 November 2018 by Scott Orn

Growlabs is a marketing and sales automation service that helps B2B companies identify new customers and accelerate their growth.

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A new startup that is setting out to heal the planet and its people

A new startup that is setting out to heal the planet and its people
Posted on Sun, 4 November 2018 by Hannah Cole-Leathers, Staff Accountant

A noticeable trend among startups is a desire to build a business that will have a positive impact on people and our planet.

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Scott Orn Interviewed

Scott Orn Interviewed
Posted on Sun, 28 October 2018 by Healy Jones, VP of Marketing

Kruze Consulting’s COO, Scott Orn, was recently interviewed on Blake Oliver’s podcast.

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Featured Service - DocSend

Featured Service - DocSend
Posted on Tue, 16 October 2018 by Scott Orn

DocSend is a great content management tool designed for sales and finance professionals.

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Featured Service - AVRA Talent

Featured Service - AVRA Talent
Posted on Mon, 27 August 2018 by Scott Orn

AVRA Talent, previously known as Recruit, partners with startups and growing firms to help fill non-technical talent.

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Featured Service - Opendoor

Featured Service - Opendoor
Posted on Sun, 12 August 2018 by Scott Orn

Opendoor makes it possible to sell a home online in minutes, removing all of the headaches, uncertainty, and risk from the transaction.

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Featured Service - HubHaus

Featured Service - HubHaus
Posted on Mon, 30 July 2018 by Scott Orn

HubHaus is solving the housing problem for working professionals through Coliving.

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Top Startup Accounting Questions and Answers

Top Startup Accounting Questions and Answers
Posted on Fri, 27 July 2018 by Vanessa Kruze

At Kruze, we want to make sure we are a valuable resource to startups’ founders, as they attempt to grow their businesses and take on the world!

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Kruze Consulting Firm Overview

Kruze Consulting Firm Overview
Posted on Tue, 17 July 2018 by Lucila Romero

Vanessa Kruze has a passion for startups and loves being a financial copilot for businesses. QuickBooks Online helps her go beyond the reports and forms and help founders and business owners understand the valuable data in their financials.

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Startup 409A Valuation Report

Startup 409A Valuation Report
Posted on Wed, 13 June 2018 by Scott Orn

Hey, it's Scott Orn at Kruze Consulting, and today we're talking about 409A valuation reports and why startups need them.

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5 Things to do after You Raise Venture Capital

5 Things to do after You Raise Venture Capital
Posted on Tue, 8 May 2018 by Scott Orn

Today we're talking about five things to do after you raise venture capital. The first one's kind of obvious. You need a place to put that money, so you need to get a startup bank. We highly recommend you work with a bank that focuses on startups.

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4 Reasons to Raise Venture Debt

4 Reasons to Raise Venture Debt
Posted on Tue, 8 May 2018 by Scott Orn

Today we're talking about four reasons to do ventured debt if you're a startup. Now, the most important one is to extend your runway and make sure you hit all the key milestones the company needs to raise its next round of capital.

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Featured Service - Bonusly

Featured Service - Bonusly
Posted on Fri, 26 January 2018 by Scott Orn

They are building the future of employee recognition, rewards, and reviews. Bonusly integrates seamlessly with your organization's HR and communication tools.

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Introducing KruzeTax - Startup Tax Returns

Introducing KruzeTax - Startup Tax Returns
Posted on Thu, 25 January 2018 by Scott Orn

Tax Season is upon us! Instead of using a local CPA firm (way too expensive & no Startup expertise), check out KruzeTax.com.

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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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Do bootstrapped startups actually pay taxes?

Do bootstrapped startups actually pay taxes?
Posted on Wed, 3 January 2018 by Vanessa Kruze

Yes, even bootstrapped pre-revenue startups must pay taxes. You might not be subject to Income Taxes (which are based on profitability) but you will still be subject to a wide variety of other taxes which aren’t always connected to Revenue.

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2018 New Tax Laws & How they Affect Startups

2018 New Tax Laws & How they Affect Startups
Posted on Wed, 3 January 2018 by Vanessa Kruze

The Good, The Bad and The Ugly.

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Featured Service - UrbanSitter

Featured Service - UrbanSitter
Posted on Fri, 8 December 2017 by Scott Orn

UrbanSitter helps you find Babysitters, Nannies, and Child-Care.

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Featured Service - Pana

Featured Service - Pana
Posted on Fri, 8 December 2017 by Scott Orn

Pana combines mobile app technology and virtual travel assistants to make travel easy.

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Featured Service - Hugo

Featured Service - Hugo
Posted on Fri, 8 December 2017 by Scott Orn

Hugo is the smartest place for your team’s meeting notes, and we can guarantee that it is because we have been happily using it at Kruze Consulting with amazing results.

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Featured Service - Emburse

Featured Service - Emburse
Posted on Fri, 8 December 2017 by Scott Orn

Emburse's virtual cards and expense management system is truly amazing for keeping expenses within your company well organized and controlled.

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What Startup Systems to Set Up First?

What Startup Systems to Set Up First?
Posted on Wed, 25 October 2017 by Vanessa Kruze

We help venture back startups with everything from accounting, finance, tax, and HR. One of the biggest questions that we get from our new founders is what systems they should set up.

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Bookings vs Revenue

Bookings vs Revenue
Posted on Wed, 25 October 2017 by Scott Orn

At Kruze Consulting, we get tons of questions about the difference between bookings and revenue.

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Does Your Startup Have What It Takes to Raise a Series A?

Does Your Startup Have What It Takes to Raise a Series A?
Posted on Tue, 21 July 2015 by Scott Orn

When I was a partner at Lighthouse Capital, I invested in tons of startups. I invested in startups like it was my job—because it was my job, and at Lighthouse we did our job well. So I have seen exactly what it takes to raise a Series A.

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