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How to Prepare For and Run a Startup Board Meeting

After spending quite a bit of time in board meetings, I worked with a NYU student team earlier in 2012-13 to prepare a template for board presentations to investors. In the deck below, I include our best practices on preparing for, running, and closing up on a board meeting, including what to [...continue reading]

Valuing Startup Employee Options

This is the third of three blog posts on financial modeling for startups.  The first was on best practices in building financial models, and the second was a template financial model for a startup. I've often found it helpful to have on hand a simple model showing the impact of each financing [...continue reading]

Template Startup Financial Model

(This is the second of three blog posts on financial models for startups.  Yesterday I wrote about best practices in spreadsheet design.) I couldn’t find a good template financial model online, so I decided to create one. We started with a sanitized version of a financial model I had developed [...continue reading]

Startup Financial Models: Best Practices in Spreadsheet Design

(This is the first of three blog posts on financial modeling for startups.) While some entrepreneurs may think that financial models are just a formality that needs completing in order to placate straight-laced venture capital types, the reality is that models can be essential tools for creating [...continue reading]

Tax Credits for Startups in New York State

As our federal and state government continue to worry about job creation, they're trying their best to promote entrepreneurship.  Our CFO Alex Katz just sent out a memo to our portfolio, attached below, about 2 tax credits available to companies that do business in New York State. For background, [...continue reading]

How startups should report financial results

I asked Rick Eaton, CFO of Hashable, to write for you a sanitized version of some of the detailed reports that Hashable provides to its investors (which includes us).  He’s provided below a template for both the cover email and the detailed report.  Rick was previously CFO of our former portfolio [...continue reading]

The value of a CFA

We took our interns out for dinner last night and one of the topics we discussed was their career planning. Walking to work today, I saw the woman below at 38th & Broadway. According to her T-shirt, "I survived the CFA exam." [...continue reading]

Value of Soft Assets

The indefatigable and ubiquitous Auren Hoffman, CEO of Rapleaf, posts his slides from a presentation on the value of soft assets ("connections, knowledge, and reputation"). I particularly like his analogy between alternative assets in the hard and soft space. [...continue reading]