Kirsty Nathoo - Managing Startup Finances

  görünümler 111,643

Y Combinator

Y Combinator

2 yıl önce

YC Partner and CFO Kirsty Nathoo shares the most common mistakes startups make with their finances and how they can prevent them.

You can find the lecture slides and transcript here: www.startupschool.org/videos/70

Find more Startup School and YC content at www.startupschool.org/library .

YORUMLAR: 63
Y S
Y S 2 aylar önce
YC startup school should also share google slides templates :D
LUIS G
LUIS G 2 aylar önce
Wonderful!!!
autofashi0n
autofashi0n 2 aylar önce
Hi, I need someone that can code and help me to develop an voice synthesis app. please contact me, Manny 🙏🏽
Nick J
Nick J 2 aylar önce
What planet is she living where someone gives you money for just an idea. Every investor I've talked to says you need to have traction before you can even get seed money and even when you get traction I still get mostly "no"s.
RyCo Business  & Real Estate Funding
RyCo Business & Real Estate Funding 3 aylar önce
Kirsty, what a very informative video. You kept it simple to understand but gave a lot of info. Thanks!
sarah peterson
sarah peterson 5 aylar önce
remind me to never ever invest in any ycombinator startup if the founders don't know basic highschool stuff and this low iq woman is somehow scamming them out of consulting fees
number8
number8 6 aylar önce
Braaavooo the best managing startup finances class every entrepreneur should watch every week 👏👏 👏👏 👏👏
Michael Jackson
Michael Jackson 7 aylar önce
There were hella gems sparkled throughout this seminar, a-lot of big box ( Telecom ) companies could benefit from these concepts. Thank you Kirsty
Thabo Shikwambane
Thabo Shikwambane Aylar önce
What are big-box telecom companies?
Tri Mukhlison
Tri Mukhlison 7 aylar önce
Pitfall 1 : Not knowing what to look at - 1:30 Pitfall 2 : Not looking often enough - 7:42 Pitfall 3 : Under-Representing Expenses - 8:27 Pitfall 4 : Out-sourcing responsibility - 12:00 Pitfall 5 : Scaling too quickly - 14:34 Pitfall 6 : Letting runway get too low before fundraising - 19:34
Larry Sanders
Larry Sanders 8 aylar önce
Excellent financial overview.
gautha pandith
gautha pandith 9 aylar önce
even if a book-keeper ( or a gate keeper ) exists today, they are not recommended for start ups as someone has to design a good recording and reporting system that meets regulatory compliance.
gautha pandith
gautha pandith 9 aylar önce
you sound like an OLD minded (like 50 years ago) to talk about book keepers May be you are one one them with your UK accent. There are no such book-keepers these says - they are long gone !
C Chan
C Chan Aylar önce
@gautha pandith clerk, AP, AR all the same
gautha pandith
gautha pandith Aylar önce
@C Chan yes, not done by book-keeper!!
C Chan
C Chan Aylar önce
@gautha pandith how does the data get into the computer?
gautha pandith
gautha pandith Aylar önce
@C Chan computers have taken over !!
C Chan
C Chan Aylar önce
The replacement is?
Nuddle
Nuddle 9 aylar önce
I'll take some metrics out of your lesson
Nuddle
Nuddle 9 aylar önce
It was very simple, but still super informative and useful
Pedro Henri Barbosa
Pedro Henri Barbosa 10 aylar önce
Hey!, Wow!, Oh!
Arooshmah Javed
Arooshmah Javed Yıl önce
I started a vending machine business last year as a side job while I am employed to a corporate world. Now I rely more on my earnings in my vending machine business. Such a good idea to start one.
Travis Ace
Travis Ace Yıl önce
12:25
M. Louah
M. Louah Yıl önce
After 10 minutes, how much is in your bank account... really ?
Julian Weiland
Julian Weiland Yıl önce
fantastic explanations, Kirsty! Really enjoyed the simplicity of the 'scary topic of startup finances'
David Tamuhla
David Tamuhla Yıl önce
Simple and easy step to understand!
Richard Antao
Richard Antao Yıl önce
Wow, she's awesome! So much insight from this talk
Albus
Albus Yıl önce
Y combinator peeps doing a great job 👍
Nathan Koo
Nathan Koo Yıl önce
Concise and to the point. Well said!! Learned a lot
Vu Tony
Vu Tony Yıl önce
Great talk to learn about startup finance
Kevin Ngaleu
Kevin Ngaleu Yıl önce
I rated this video on YC Startupschool as transformational. Don't know why this lecture is not on my curriculum since they've updated the platform, but i came here and watch it again and take notes. As i'm about to get a pre seed funding . Gold content lecture. Thanks Kirsty. Thanks YC. Thanks to Internet. Courage in your journey dear friends founders.
John Wu, Jr.
John Wu, Jr. Yıl önce
The startup growth calculator is a great visualization tool, but imo it's too simplified because it assumes costs is fixed. Unless the business does not have variable costs, business costs increases as businesses ramp up. So the calculator may cause you to be over estimate the runway you have.
Olivia AC
Olivia AC Yıl önce
Startup finances - usually most startups are self funded originally pre revenue generation. Not useful for actual startup finance generation
Kevin Ngaleu
Kevin Ngaleu Yıl önce
You are right, but even even if you are self funded doesn't it means you don't have to track and have your finance in order? As a self fund founder, don't you plan to get outside capital? loan, pre seed or whatever? And finally, the auditorium is for YC startups founders who will received each $150K. So it remain quite useful.
Healthy Mike
Healthy Mike Yıl önce
Thanks
Fluxo
Fluxo Yıl önce
Hi Kirsty, great video! We've just published a video with a financial model that founders can build in 20min: trshow.info/watch/vOwVfQmwmRA/video.html It's basically one step deeper than the Startup Growth Calculator, it takes into consideration that revenue growth and expenses are not constant over time. Would love your feedback.
Nallaperumal Thanthondri
Nallaperumal Thanthondri Yıl önce
Thank you very much! Awesome advice for early startups!
Habib Khan
Habib Khan Yıl önce
I didn't think I needed to watch this (too early). But I did. Great advice to be efficient and get PMF before scaling
The Grind - Wrestling's Reality TV Show
The Grind - Wrestling's Reality TV Show 2 yıl önce
Thank you, helps to have this in the front of my mind.
Waldo Alcantara
Waldo Alcantara 2 yıl önce
Guys it says there the higher for this the better but what is a good enough revenue:employee ratio?
M M
M M 2 yıl önce
she is so beautiful...
J L
J L 2 yıl önce
There are so many golden nuggets in this short talk, excellent!
Carlo Ledesma
Carlo Ledesma 2 yıl önce
Gold!!
AccelerList
AccelerList 2 yıl önce
Great video!
Alex Supremo
Alex Supremo 2 yıl önce
Why is the cost of user acquisition higher later on, when you have brand recognition, a better and more known product (social proof), favorable reviews, etc?
J L
J L 2 yıl önce
Alex Supremo 2cents.. as you progress along the adoption curve you are spending more time and money to convert. Early on for innovators, word of mouth and some visibility might do the job. Early adopters May be influenced by your innovators (thought leaders) and easy to convert. Early majority is going to take some convincing and cost you some marketing dollars. Late majority and laggards are going to cost substantially. In addition, early sales probably involves the founders hustling which isn’t a book cost. Later you might have sales costs that fold in to acquiring a customer. It doesn’t have to be this way but is pretty common as companies scale.
Alex
Alex 2 yıl önce
From the owner of a fast growing startup, this is exactly what I needed. Thank you greatly.
Imraan a rahim
Imraan a rahim 2 yıl önce
Tqvm for the content..the audio is superb..good job
khouse
khouse 2 yıl önce
For my startup, I spent $3 million so far and kept it lean, with just 3 people. Don’t hire unless you actually need to and there is ROI, very relevant
Victor Yau
Victor Yau 27 gün önce
How are you doing now?
Mmanuel
Mmanuel 2 yıl önce
khouse cool
khouse
khouse 2 yıl önce
okay okay oncology focused biotech
okay okay
okay okay 2 yıl önce
What's your startup about?
Phil O'bryan
Phil O'bryan 2 yıl önce
MAHALOS PERFECT TIMING ...
Aaron L
Aaron L 2 yıl önce
Looking forward to the ama!
Clint LeClair
Clint LeClair 2 yıl önce
Had the lovely opportunity to sit in this lecture...truly, the benefit of asking questions back make sessions like this immeasurably valuable. Thank you for setting time aside to do this for the startup community! Sincerely, clint from Protogro
okay okay
okay okay 2 yıl önce
What's your startup about?
George Nurijanian
George Nurijanian 2 yıl önce
this is soooooo helpful 🎁🤦‍♂️ thank you!
Adebagbo joshua
Adebagbo joshua 2 yıl önce
Insightful lecture
Nike
Nike 2 yıl önce
the numbers fluctuate a lot so too much moving targets
Carlos Marchena
Carlos Marchena 2 yıl önce
Kirsty Nathoo 🙌🏽🙌🏽🙌🏽 One of my YC's favorites. One half-hour class with her and your learnings will 10X, believe me. PURE GOLD
Imraan a rahim
Imraan a rahim 2 yıl önce
I believe you.
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