As a startup CFO one of the most common questions I get from founders is:

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“What type of bank account should I be keeping our money in?”

It all depends on where you are in your company’s lifecycle - a pre seed founder throwing their first $100K check in the bank should be more concerned with making payroll and avoiding mixing with their personal accounts, while a Series D CFO with $300M in cash should be more worried about yield and security.

This is our first of three posts on cash management.

Part I: Bank Accounts (THIS WEEK’S POST)

  • Stages Covered:

    • Startup

    • Growth

    • Maturity

  • *Redflags*

  • Investment Policy Template you can download

Part II: How Do Venture Debt Facilities Work? (NEXT WEEK’s POST)

  • Revolvers vs Term Loans

  • Fees

  • Typical Debt Covenants

  • Negotiation Points

  • Venture Debt Players and Sizing

  • *Red Flags*

Part III: 13 Week Rolling Cash Flow Forecast

  • How cash enters the building

  • How cash leaves the building

  • 13 week forecast template you can download

What we’ll discuss this week is how to think about cash management, or as the experts call it “Treasury”, throughout your company’s lifecycle.

Subscribe now, or you’ll breach your onerous debt covenants.

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