Founders, after this stressful week it's important to get cash management right. Together with B Capital , GGV Capital, Greylock, Kleiner Perkins, Mayfield Fund, we at General Catalyst have put together Founder Considerations for a Cash Management Policy. Please spread within your founder communities. In particular, be mindful that with a significant amount of capital movement this past week, we will likely experience an uptick in fraud. Make sure to implement appropriate process to protect yourself. https://lnkd.in/gKzTpjXy
Good call out on fraud risk -- I wrote a specific post on that the other day. Link here for those interested https://www.linkedin.com/feed/update/urn:li:activity:7041950587302674432?utm_source=share&utm_medium=member_android
Thanks for sharing! One addition—make sure your cash management / investment policy doesn’t allow you to blow QSBS eligibility.
Thanks for your leadership, Kyle.
Remarkable that new standard advice is 2-3 banks for safety.
thanks for sharing Kyle Doherty!
Thanks Kyle!
CEO of Puzzle and host of the Turpentine Finance podcast. YC, ODF, Village Global alumni.
1yLove this. No pressure, but if you wanted to add a free resource for early-stage founders who want a tool that tracks their cash and FDIC coverage in real-time? https://puzzle.io/blog/puzzle-launches-free-monitoring-of-your-cash-and-fdic-coverage