Kirsty Nathoo - Managing Startup Finances

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Y Combinator

Y Combinator

День тому

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.

КОМЕНТАРІ: 112
@trimukhlison4718
@trimukhlison4718 3 роки тому
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 Рік тому
Thank you for providing timestamps!
@sprintwithcarlos
@sprintwithcarlos 4 роки тому
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 роки тому
I believe you.
@awuraabenaagyeman8443
@awuraabenaagyeman8443 2 роки тому
Absolutely true!
@khouse1554
@khouse1554 4 роки тому
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 роки тому
What's your startup about?
@khouse1554
@khouse1554 4 роки тому
okay okay oncology focused biotech
@mmanuel6874
@mmanuel6874 4 роки тому
khouse cool
@victoryau4300
@victoryau4300 2 роки тому
How are you doing now?
@georgeeeeeeeee8110
@georgeeeeeeeee8110 2 роки тому
@@khouse1554 how’s it going so far?
@kevinngaleu1545
@kevinngaleu1545 3 роки тому
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 Рік тому
I know it's been 2 years but would love to get an update over your firm...
@JL-qf3hq
@JL-qf3hq 4 роки тому
There are so many golden nuggets in this short talk, excellent!
@slaveofallah6452
@slaveofallah6452 3 роки тому
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.
@rycobusinessrealestatefund7712
@rycobusinessrealestatefund7712 2 роки тому
Kirsty, what a very informative video. You kept it simple to understand but gave a lot of info. Thanks!
@nallaperumalthanthondri3817
@nallaperumalthanthondri3817 4 роки тому
Thank you very much! Awesome advice for early startups!
@habibmkhan
@habibmkhan 4 роки тому
I didn't think I needed to watch this (too early). But I did. Great advice to be efficient and get PMF before scaling
@margaretcezar1109
@margaretcezar1109 2 роки тому
Thank you Kirsty. That was very helpful. I can see that you are an addition to beauty and brains in the YC team. 😊
@MrAlbertSi
@MrAlbertSi Рік тому
This is one of the better startup school videos. Love the revenue /employees ratio
@WrestlingTournamentsDotCom
@WrestlingTournamentsDotCom 4 роки тому
Thank you, helps to have this in the front of my mind.
@nathankoo1871
@nathankoo1871 3 роки тому
Concise and to the point. Well said!! Learned a lot
@numbaeight
@numbaeight 3 роки тому
Braaavooo the best managing startup finances class every entrepreneur should watch every week 👏👏 👏👏 👏👏
@martinstine
@martinstine 11 місяців тому
Kirsty, hanks for sharing your knowledge and experience Great job YC
@julianweiland
@julianweiland 3 роки тому
fantastic explanations, Kirsty! Really enjoyed the simplicity of the 'scary topic of startup finances'
@MrKaugaban
@MrKaugaban 4 роки тому
Tqvm for the content..the audio is superb..good job
@RafaelCorreaGomes
@RafaelCorreaGomes 9 місяців тому
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.
@bitcoincollab
@bitcoincollab 11 місяців тому
Thank you for making this video! Helped our team understand so simply!
@richardantao3249
@richardantao3249 3 роки тому
Wow, she's awesome! So much insight from this talk
@spol
@spol 4 роки тому
Looking forward to the ama!
@davidtamuhla1891
@davidtamuhla1891 3 роки тому
Simple and easy step to understand!
@amycruz0x
@amycruz0x Рік тому
Kirsty is a great teacher 💯
@user-tc7hb8mq1e
@user-tc7hb8mq1e 3 роки тому
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 роки тому
What are big-box telecom companies?
@joseadebag
@joseadebag 4 роки тому
Insightful lecture
@nuddle2360
@nuddle2360 3 роки тому
It was very simple, but still super informative and useful
@vutony4282
@vutony4282 3 роки тому
Great talk to learn about startup finance
@asarbiotech6944
@asarbiotech6944 Рік тому
Thanks to kirsty who emphasized clearly about proliferation of startups in their strives
@Alex-ll4xm
@Alex-ll4xm 4 роки тому
From the owner of a fast growing startup, this is exactly what I needed. Thank you greatly.
@consommableechographiealge8418
@consommableechographiealge8418 Місяць тому
good luck in your startup business
@anischerni552
@anischerni552 2 роки тому
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 роки тому
Excellent financial overview.
@mrjohncrumpton
@mrjohncrumpton 2 місяці тому
Slides are so beautiful
@ClintLeClairMD
@ClintLeClairMD 4 роки тому
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 роки тому
What's your startup about?
@jedexc
@jedexc 2 роки тому
Pure gold. Thank you! 🙏🏼
@Sara-eu2sh
@Sara-eu2sh 8 місяців тому
THANK YOU!
@Nazyaali110
@Nazyaali110 Рік тому
Immensely valuable 💡
@AccelerList
@AccelerList 4 роки тому
Great video!
@sergiog2930
@sergiog2930 2 роки тому
Wonderful!!!
@nurijanian
@nurijanian 4 роки тому
this is soooooo helpful 🎁🤦‍♂️ thank you!
@philobryan2975
@philobryan2975 4 роки тому
MAHALOS PERFECT TIMING ...
@CarloL525
@CarloL525 4 роки тому
Gold!!
@albus6966
@albus6966 3 роки тому
Y combinator peeps doing a great job 👍
@blackblather
@blackblather Рік тому
I really enjoy your explanations. Really clear. Thanks
@ratanvaghela7666
@ratanvaghela7666 5 місяців тому
What a valuable lecture ❤ ~Ratan vaghela 2023
@healthymike4971
@healthymike4971 4 роки тому
Thanks
@kslim4276
@kslim4276 Рік тому
I really benefited from such video. Well done, Miss Kirsty Nathoo
@Neonb88
@Neonb88 Рік тому
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
@The28studio
@The28studio Рік тому
amazing
@waldoalcantara3862
@waldoalcantara3862 4 роки тому
Guys it says there the higher for this the better but what is a good enough revenue:employee ratio?
@Silvertestrun
@Silvertestrun 2 роки тому
Ty
@waymanharris1284
@waymanharris1284 2 роки тому
#Awesome
@alamskmustafin4544
@alamskmustafin4544 Рік тому
Great 👍
@jsantan89
@jsantan89 2 роки тому
Love her accent
@gauthapandith
@gauthapandith 3 роки тому
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.
@Abhisingh-cl9xm
@Abhisingh-cl9xm Рік тому
Currently I am a seed stage and it is profitable. Next step I will scale
@akshayagarwal3423
@akshayagarwal3423 3 місяці тому
Simple essentials !
@johnwujr.1301
@johnwujr.1301 3 роки тому
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 Рік тому
When you calculate expenses, do the maximum expenses, a dollar saved is a dollar earned, the most important thing is GROWTH
@Neonb88
@Neonb88 Рік тому
still better than not calculating it
@First.Last.99
@First.Last.99 Рік тому
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.
@_beekay
@_beekay Рік тому
This is needful especially at a time when I am planning on how my startup is going to utilize its seed fund appropriately.
@TaskSwitcherify
@TaskSwitcherify 4 роки тому
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 роки тому
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.
@pedrohenribarbosa2358
@pedrohenribarbosa2358 3 роки тому
Hey!, Wow!, Oh!
@pacifiquebusiness
@pacifiquebusiness 2 місяці тому
👏👏👏
@cdnsilverdaddy
@cdnsilverdaddy Рік тому
where are the slides?
@travisace
@travisace 3 роки тому
12:25
@MLouah-gp9ef
@MLouah-gp9ef 3 роки тому
After 10 minutes, how much is in your bank account... really ?
@ForeignerInIraq
@ForeignerInIraq 4 роки тому
Startup finances - usually most startups are self funded originally pre revenue generation. Not useful for actual startup finance generation
@kevinngaleu1545
@kevinngaleu1545 3 роки тому
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 роки тому
the numbers fluctuate a lot so too much moving targets
@frankiepatron9834
@frankiepatron9834 Рік тому
Use a amount of money As a bank
@frankiepatron9834
@frankiepatron9834 Рік тому
Expenses crimp up over time
@frankiepatron9834
@frankiepatron9834 Рік тому
A line if vredit
@frankiepatron9834
@frankiepatron9834 Рік тому
No employee is not a cost They ar should be treated as it's there home
@frankiepatron9834
@frankiepatron9834 Рік тому
Dragon on the bottom
@frankiepatron9834
@frankiepatron9834 Рік тому
Out source to india
@user-sv9gn8xm7t
@user-sv9gn8xm7t 2 роки тому
I want to build a small rocket to fly into space. I need a team of engineers.
@nickjunes
@nickjunes 2 роки тому
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.
@MM-gc1im
@MM-gc1im 4 роки тому
she is so beautiful...
@skaigreen
@skaigreen Місяць тому
Yes, but what's important is she gives really good advice
@nuddle2360
@nuddle2360 3 роки тому
I'll take some metrics out of your lesson
@olegc6209
@olegc6209 Рік тому
Useless... Y Combinator should be driven by creators, not by demotivated accountants...
@Neonb88
@Neonb88 Рік тому
Both are important. Real people need to get paid. Morality of paying folks' mortgages / rent is also important
@gauthapandith
@gauthapandith 3 роки тому
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 роки тому
The replacement is?
@gauthapandith
@gauthapandith 2 роки тому
@@cchan824 computers have taken over !!
@cchan824
@cchan824 2 роки тому
@@gauthapandith how does the data get into the computer?
@gauthapandith
@gauthapandith 2 роки тому
@@cchan824 yes, not done by book-keeper!!
@cchan824
@cchan824 2 роки тому
@@gauthapandith clerk, AP, AR all the same
@sarahpeterson2702
@sarahpeterson2702 2 роки тому
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 Рік тому
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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