How to simplify diligence & avoid fraud | Finance Basics with Kruze Consulting’s Scott Orn | E1321

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00:00 Why Finance Basics matter (even for just 2 people and an idea)
05:02 How VCs can avoid fraud in a fast moving fundraising environment
10:19 Major blockers that come up during diligence
12:27 Examples of fraud and how to audit financials
18:20 How to calculate lifetime value & customer acquisition cost by the book
22:14 How to prevent your churn numbers from being understated
23:31 The upside of having tight financials
24:31 The big "No-Nos" of self-dealing
28:22 Jason's pro-tip for great financial hygiene
30:49 Make sure your tax filings match the books
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[@startups]

see if you can spot the Wirecard reference

[@barryk1372]

Great video Jason. I really care and want clean books from the get go, so this was super helpful. Appreciate you passing down the knowledge.

[@Vicky-Blue]

This is super informative

[@epreisz]

Wow, editing bank statements. We are starting to look at smaller deals at higher volume and this video helped me understand that I might be benefiting from reasonable assumptions of more sophisticated business. Good perspective on how crazy things have become.

[@anthonyrommens366]

Fantastic content.

[@prop4g4nd423]

This will be a good one.

[@BillWoardman1]

Gang gang let’s go

[@kikolatulipe]

Jadon, is SOLONA a fraud ?