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Hey man, the target audience is normal Seed/Series A companies — $30m–60m+ Series A rounds are extreme outliers, especially in 2023, and the $1m MRR number you
by refrigerator 4y ago
Hey man, the target audience is normal Seed/Series A companies —
$30m–60m+ Series A rounds are extreme outliers, especially in 2023, and the $1m MRR number you quoted in another comment is 5x higher than where most Series A companies are at.
Would genuinely appreciate feedback on anything specific in the post that you disagree with, with that target audience in mind :)
- stevievee 4y agoSo this is the level of finance/accounting sophistication now expected for a business with a valuation of $30m–60m? Maybe I'm out of touch. I think this guide lowers the bar unnecessarily.
- danielmarkbruce 4y agoWasn't worth responding. It's a totally decent write up.
- stevievee 4y agoIt's really not. The overall tone is "You don't know anything about finance/accounting as an inexperienced leader but that's okay! - Just outsource it! Oh and here are some tidbits so you can pass off as knowledgeable in conversation"
- danielmarkbruce 4y agoIt's not tone - it's explicitly targeted at people who don't know much/anything about finance/accounting and almost by definition are relatively inexperienced at running a business. There isn't a great alternative. Taking the time to become an expert certainly isn't a good idea. Hiring a CFO with seed money isn't a good idea.