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Kirsty Nathoo - Managing Startup Finances 

Y Combinator
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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.

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25 июн 2024

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Комментарии : 113   
@trimukhlison4718
@trimukhlison4718 3 года назад
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
@TechwithLaughter
@TechwithLaughter Год назад
Thank you for providing timestamps!
@sprintwithcarlos
@sprintwithcarlos 4 года назад
Kirsty Nathoo 🙌🏽🙌🏽🙌🏽 One of my YC's favorites. One half-hour class with her and your learnings will 10X, believe me. PURE GOLD
@MrKaugaban
@MrKaugaban 4 года назад
I believe you.
@awuraabenaagyeman8443
@awuraabenaagyeman8443 2 года назад
Absolutely true!
@kevinngaleu1545
@kevinngaleu1545 4 года назад
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.
@technosound1104
@technosound1104 Год назад
I know it's been 2 years but would love to get an update over your firm...
@khouse1554
@khouse1554 4 года назад
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
@okayokay1979
@okayokay1979 4 года назад
What's your startup about?
@khouse1554
@khouse1554 4 года назад
okay okay oncology focused biotech
@mmanuel6874
@mmanuel6874 4 года назад
khouse cool
@victoryau4300
@victoryau4300 2 года назад
How are you doing now?
@georgeeeeeeeee8110
@georgeeeeeeeee8110 2 года назад
@@khouse1554 how’s it going so far?
@slaveofallah6452
@slaveofallah6452 3 года назад
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.
@JL-qf3hq
@JL-qf3hq 4 года назад
There are so many golden nuggets in this short talk, excellent!
@numbaeight
@numbaeight 3 года назад
Braaavooo the best managing startup finances class every entrepreneur should watch every week 👏👏 👏👏 👏👏
@margaretcezar1109
@margaretcezar1109 2 года назад
Thank you Kirsty. That was very helpful. I can see that you are an addition to beauty and brains in the YC team. 😊
@habibmkhan
@habibmkhan 4 года назад
I didn't think I needed to watch this (too early). But I did. Great advice to be efficient and get PMF before scaling
@rycobusinessrealestatefund7712
@rycobusinessrealestatefund7712 2 года назад
Kirsty, what a very informative video. You kept it simple to understand but gave a lot of info. Thanks!
@MrAlbertSi
@MrAlbertSi Год назад
This is one of the better startup school videos. Love the revenue /employees ratio
@mrjohncrumpton
@mrjohncrumpton 3 месяца назад
Slides are so beautiful
@user-tc7hb8mq1e
@user-tc7hb8mq1e 3 года назад
There were hella gems sparkled throughout this seminar, a-lot of big box ( Telecom ) companies could benefit from these concepts. Thank you Kirsty
@thaboshikwambane5578
@thaboshikwambane5578 2 года назад
What are big-box telecom companies?
@WrestlingTournamentsDotCom
@WrestlingTournamentsDotCom 4 года назад
Thank you, helps to have this in the front of my mind.
@RafaelCorreaGomes
@RafaelCorreaGomes 11 месяцев назад
Excellent Kirsty; thank you for sharing it. I see FOMO as a pattern between most of the points. My takeaway is that controlling anxiety and analyzing logically the finances at a high level are the keys.
@nallaperumalthanthondri3817
@nallaperumalthanthondri3817 4 года назад
Thank you very much! Awesome advice for early startups!
@MrKaugaban
@MrKaugaban 4 года назад
Tqvm for the content..the audio is superb..good job
@richardantao3249
@richardantao3249 3 года назад
Wow, she's awesome! So much insight from this talk
@martinstine
@martinstine Год назад
Kirsty, hanks for sharing your knowledge and experience Great job YC
@nathankoo1871
@nathankoo1871 3 года назад
Concise and to the point. Well said!! Learned a lot
@julianweiland
@julianweiland 3 года назад
fantastic explanations, Kirsty! Really enjoyed the simplicity of the 'scary topic of startup finances'
@spol
@spol 4 года назад
Looking forward to the ama!
@ClintLeClairMD
@ClintLeClairMD 4 года назад
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
@okayokay1979
@okayokay1979 4 года назад
What's your startup about?
@bitcoincollab
@bitcoincollab Год назад
Thank you for making this video! Helped our team understand so simply!
@amycruz0x
@amycruz0x 2 года назад
Kirsty is a great teacher 💯
@davidtamuhla1891
@davidtamuhla1891 3 года назад
Simple and easy step to understand!
@asarbiotech6944
@asarbiotech6944 2 года назад
Thanks to kirsty who emphasized clearly about proliferation of startups in their strives
@joseadebag
@joseadebag 4 года назад
Insightful lecture
@Alex-ll4xm
@Alex-ll4xm 4 года назад
From the owner of a fast growing startup, this is exactly what I needed. Thank you greatly.
@consommableechographiealge8418
@consommableechographiealge8418 3 месяца назад
good luck in your startup business
@vutony4282
@vutony4282 3 года назад
Great talk to learn about startup finance
@nuddle2360
@nuddle2360 3 года назад
It was very simple, but still super informative and useful
@anischerni552
@anischerni552 2 года назад
amazingly done!!! this should be awarded the best video of all time to when it comes to the topic of managing startups finances!!
@larrysanders6224
@larrysanders6224 3 года назад
Excellent financial overview.
@AccelerList
@AccelerList 4 года назад
Great video!
@Nazyaali110
@Nazyaali110 2 года назад
Immensely valuable 💡
@sergiog2930
@sergiog2930 2 года назад
Wonderful!!!
@philobryan2975
@philobryan2975 4 года назад
MAHALOS PERFECT TIMING ...
@albus6966
@albus6966 3 года назад
Y combinator peeps doing a great job 👍
@CarloL525
@CarloL525 4 года назад
Gold!!
@nurijanian
@nurijanian 4 года назад
this is soooooo helpful 🎁🤦‍♂️ thank you!
@healthymike4971
@healthymike4971 4 года назад
Thanks
@jedexc
@jedexc 2 года назад
Pure gold. Thank you! 🙏🏼
@Sara-eu2sh
@Sara-eu2sh 10 месяцев назад
THANK YOU!
@ratanvaghela7666
@ratanvaghela7666 7 месяцев назад
What a valuable lecture ❤ ~Ratan vaghela 2023
@Silvertestrun
@Silvertestrun 2 года назад
Ty
@First.Last.99
@First.Last.99 2 года назад
After 10 years of experience, GIVE YOUR MONTHLY / YEARLY REPORT to someone to check it for you (to someone who is NOT your Accountant/Bookkeeper) before you sign it.
@waldoalcantara3862
@waldoalcantara3862 4 года назад
Guys it says there the higher for this the better but what is a good enough revenue:employee ratio?
@The28studio
@The28studio Год назад
amazing
@Neonb88
@Neonb88 Год назад
Very very practical, reality-check-focused talk. So often you see grand, delusional ideas, but the realism is also necessary It's even true in the most successful companies; amazing that AirBnB and Zillow are still net not profitable. Not sure in the big picture why that doesn't kill em, but a lot of people are losing a few bucks in the process. I'd guess it's the shareholders and/or VCs losing a smidge each time, but yeah, very very weird
@jsantan89
@jsantan89 2 года назад
Love her accent
@kslim4276
@kslim4276 Год назад
I really benefited from such video. Well done, Miss Kirsty Nathoo
@blackblather
@blackblather 2 года назад
I really enjoy your explanations. Really clear. Thanks
@alamskmustafin4544
@alamskmustafin4544 Год назад
Great 👍
@gauthapandith
@gauthapandith 3 года назад
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.
@waymanharris1284
@waymanharris1284 2 года назад
#Awesome
@akshayagarwal3423
@akshayagarwal3423 5 месяцев назад
Simple essentials !
@Abhisingh-cl9xm
@Abhisingh-cl9xm 2 года назад
Currently I am a seed stage and it is profitable. Next step I will scale
@johnwujr.1301
@johnwujr.1301 4 года назад
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.
@abderrahimacheban3289
@abderrahimacheban3289 2 года назад
When you calculate expenses, do the maximum expenses, a dollar saved is a dollar earned, the most important thing is GROWTH
@Neonb88
@Neonb88 Год назад
still better than not calculating it
@cdnsilverdaddy
@cdnsilverdaddy Год назад
where are the slides?
@TaskSwitcherify
@TaskSwitcherify 4 года назад
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?
@JL-qf3hq
@JL-qf3hq 4 года назад
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.
@_beekay
@_beekay Год назад
This is needful especially at a time when I am planning on how my startup is going to utilize its seed fund appropriately.
@travisace
@travisace 3 года назад
12:25
@pedrohenribarbosa2358
@pedrohenribarbosa2358 3 года назад
Hey!, Wow!, Oh!
@MLouah-gp9ef
@MLouah-gp9ef 3 года назад
After 10 minutes, how much is in your bank account... really ?
@pacifiquebusiness
@pacifiquebusiness 4 месяца назад
👏👏👏
@ForeignerInIraq
@ForeignerInIraq 4 года назад
Startup finances - usually most startups are self funded originally pre revenue generation. Not useful for actual startup finance generation
@kevinngaleu1545
@kevinngaleu1545 4 года назад
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.
@Lululemon2023
@Lululemon2023 4 года назад
the numbers fluctuate a lot so too much moving targets
@nickjunes
@nickjunes 2 года назад
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.
@frankiepatron9834
@frankiepatron9834 2 года назад
Use a amount of money As a bank
@frankiepatron9834
@frankiepatron9834 2 года назад
Expenses crimp up over time
@frankiepatron9834
@frankiepatron9834 2 года назад
A line if vredit
@frankiepatron9834
@frankiepatron9834 2 года назад
No employee is not a cost They ar should be treated as it's there home
@frankiepatron9834
@frankiepatron9834 2 года назад
Dragon on the bottom
@frankiepatron9834
@frankiepatron9834 2 года назад
Out source to india
@user-sv9gn8xm7t
@user-sv9gn8xm7t 2 года назад
I want to build a small rocket to fly into space. I need a team of engineers.
@MM-gc1im
@MM-gc1im 4 года назад
she is so beautiful...
@skaigreen
@skaigreen 2 месяца назад
Yes, but what's important is she gives really good advice
@nuddle2360
@nuddle2360 3 года назад
I'll take some metrics out of your lesson
@olegc6209
@olegc6209 Год назад
Useless... Y Combinator should be driven by creators, not by demotivated accountants...
@Neonb88
@Neonb88 Год назад
Both are important. Real people need to get paid. Morality of paying folks' mortgages / rent is also important
@gauthapandith
@gauthapandith 3 года назад
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 !
@cchan824
@cchan824 2 года назад
The replacement is?
@gauthapandith
@gauthapandith 2 года назад
@@cchan824 computers have taken over !!
@cchan824
@cchan824 2 года назад
@@gauthapandith how does the data get into the computer?
@gauthapandith
@gauthapandith 2 года назад
@@cchan824 yes, not done by book-keeper!!
@cchan824
@cchan824 2 года назад
@@gauthapandith clerk, AP, AR all the same
@sarahpeterson2702
@sarahpeterson2702 3 года назад
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
@Neonb88
@Neonb88 Год назад
I would try running a business yourself before casting stones. You have to keep so so so many things in mind as you're running your company, and finances are only one of them
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