Fractionals United Blog

I love the phrase "control your destiny." When I tell a startup to do this, I mean "get to cash flow positive" because, at that point, they could theoretically survive without future external capital. And if they choose to raise more capital to pursue a strategic opportunity or grow more quickly, they can do so on their own terms. In other words, they are free to make the choices they need to make that are the best for their business. So I was intrigued when I saw a fantastic post from Y Combinator that aggregates advice for startups from a bunch of different VCs. One of the one-liners is "most companies don't die because they run out of money," which is likely true, but getting near cash out and getting forced to either raise at ugly terms or getting acquired at a low valuation, while not death, is also not a pleasant situation and no way to live! It's literally the opposite of controlling your destiny. So how do you control your destiny?  Big pi...

Effectively managing back-office operations of early stage startups may not feel like the highest priority for your company, and it's not. Developing and iterating upon your go-to-market strategy, achieving product market fit, continuing to build out your product's features and functionality—all these are a higher priority. But ignoring your back-office tech stack is not something you can afford to do either, especially if all that work on sales and product are effective, and you find yourself on a rocket ship. A flexible, efficient, and scalable tech stack with all the pieces integrating with each other will be crucial for financial efficiency and sustainable growth. Optimizing your tech stack in key areas such as expense management, revenue management, and payroll is essential for streamlined operations, accurate financial reporting, and cost savings. Before getting in to the different areas of a company's tech stack, if optimization of that tech stack is not priority #1 ...