⚠️ Startup Founders: Venture Debt Alert! ⚠️ Think venture debt is a magic bullet for all your cash needs? Think again. Our latest podcast with Sam Bhaumik from Avidbank reveals a crucial insight: 🚫 Venture debt is NOT meant for: - Bridge financing - "Last dollars in" - Rescuing a struggling startup Why? It's secured by a senior lien on ALL company assets. Adding debt to a dire situation? A recipe for disaster. Tune in to learn: - When venture debt shines (and when it doesn't) - How to use it strategically for growth - Common pitfalls to avoid Don't miss this critical knowledge drop for your startup's financial health! Full podcast link in the comments. #StartupFinance #VentureDebt
Kruze Consulting
Accounting
San Francisco, California 3,685 followers
Kruze Consulting: the CPA for VC-backed startups; our clients have raised over $15B in funding.
About us
Kruze Consulting is a leading provider of accounting, finance, HR and tax consulting to seed and venture capital funded startups. Kruze’s clients have collectively raised over $15 billion in VC financing, and one to three of Kruze’s clients are acquired by larger companies every month. Kruze Consulting’s tax advisory work is reducing our clients' burn by over $10 million this year, and Kruze’s team recommends best in class financial and HR systems that help make data-driven startup founders more productive. What do Kruze Consult’s clients have to say? “We're huge fans of Vanessa and the folks at Kruze Consulting. They set up our books, finances, and other operations, and are constantly organized and on top of things. As a startup, you have to focus on your product and customers, and Kruze takes care of everything else (which is a massive sigh of relief). I highly highly highly recommend working with Vanessa and her team.” Vivek Sodera Co-Founder @ Superhuman "I literally love the Kruze team. Every part of it. Everyone on the Kruze team cared deeply about our success. Kruze helped us all the way through our journey - from our seed round to our A to our eventual acquisition by a public company. Real professional tax and due diligence advisory made all the difference. I highly recommend startups choose Kruze for the consulting you’ll need as you raise venture capital, grow and get ready for a big exit." Omar Tawakol Founder & CEO at Voicea, acquired by Cisco What makes Kruze Consulting different? • 100% focused on startups • Trusted by top VCs to manage their portfolio companies’ finances • Low-cost, high quality leader • Books, taxes, CFO and controller services, HR consulting, systems set up and more • Inc 5000 fastest growing private company 2 years in a row Kruze knows how to de-risk your startup’s next venture capital round. Get in touch today to see if we can help you on your startup's journey!
- Website
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https://kruzeconsulting.com/
External link for Kruze Consulting
- Industry
- Accounting
- Company size
- 51-200 employees
- Headquarters
- San Francisco, California
- Type
- Privately Held
- Founded
- 2012
- Specialties
- Accounting, Finance, Human Resources, Startups, Financial Modeling, Taxes, 409A Valuation, and Billpay
Locations
Employees at Kruze Consulting
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Scott Orn, CFA
Startup Accounting & Taxes at Kruze Consulting
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Bill Hollowsky
Vice President at Kruze Consulting - Startup Accounting, Tax, Finance & HR
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Matt Ziser
Vice President Business Operations at Kruze Consulting
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Kerri Wolff
Onboarding Manager | Startup Accounting & Tax | CPA Candidate
Updates
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Is angel investing tax deductible? 🤔💡 While sometimes it may feel like you’re giving money to charity as an angel investor, it’s not that simple for tax purposes. 🏦💸 Angel investing plays a crucial role in the startup/VC ecosystem. But when it comes to taxes, things get tricky. Here’s what you need to know: - Money invested isn’t tax deductible like a charitable gift. - Profits from successful investments are subject to capital gains taxes. - Losses can offset gains, reducing your taxable amount. Curious about the details? Check out our latest blog post. Link on the first comment 📖✨
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💼 Money-Losing Startups Can Owe Taxes! 🚨 Even money-losing startups may owe taxes. Our latest guide explains why and what taxes you might face. Key Insights: • Understand which taxes affect your startup, even if it's not profitable. • Learn why some startups owe income tax despite losing money. • Avoid common tax pitfalls with expert advice from Kruze Consulting. Don't let tax surprises catch you off guard. Get informed and stay compliant. 👉 https://lnkd.in/guxpeAtZ #Startup #Taxes #TaxCompliance
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💡 Attention startup founders: Learn how to extend your runway by 6-8 months! 🚀 Our COO, Scott Orn, CFA, interviews Avidbank's Sam Bhaumik on this game-changing financing strategy. With clients who've raised over $15 billion, we know the value of smart financial planning. Don't miss out - full podcast link in the comments below! #StartupFinance
💡 Startup founders, ever wonder how to stretch your runway without diluting your equity? Sam Bhaumik, EVP of Venture Lending at Avidbank, drops some serious knowledge on our podcast about a clever financing trick that could give you an extra 6-8 months of runway. And the best part? You might not even need to use it. 🤯 Watch this short clip to learn: - Why timing is crucial when considering debt - How to create a financial safety net - A strategy that could fuel your R&D without dilution Curious about more insider tips for startup finance? The full podcast is packed with gems. #StartupFinance #VentureLending
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📢 Founders, understanding Major Investor Rights is key to successful VC funding! Our latest infographic, shared by Healy Jones, covers what you need to know, from Information Rights 🗂️ to Board Representation 👥. But, of course, always work with a lawyer who knows startups if you are raising funding!! Check out the original post for more details and the link to the full article. #VentureCapital
🚀 Understanding Major Investor Rights in VC-Backed Startups! As someone who has been on both sides of the table, having raised billions in VC funding and advised hundreds of startups, I've seen firsthand how crucial it is to understand major investor rights. Founders, don’t be caught off guard by what you're signing up for! These rights are not just terms on paper; they shape your relationship with investors and can impact your startup's future. Investor rights give VCs significant influence, such as: 1️⃣ Information Rights: Regular updates on financial health and strategy 🗂️ 2️⃣ Pro-rata Rights: Maintain ownership percentage in future rounds 📈 3️⃣ Board Representation: Appointing directors to influence key decisions 👥 Scroll through the infographic below to grasp these essentials and more! And remember to always work with an experienced law firm if you are raising VC funding. Because you know your investor will be using one (or if they are not, man, you really need to have one on your side)! For a deeper look, check out the link in the first comment. #StartupFunding #InvestorRights #VC #Founders #VentureCapital
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🔥 Kruze Consulting Sheds Light on A.I. Startup Spending in The New York Times Feature! 💡 In a recent article by the New York Times by Erin Griffith, Kruze Consulting's analysis played a pivotal role in understanding the financial dynamics of A.I. startups - in particular, how they consume a lot of cash. 💰 Based on our experience working with over 100 AI startups, we know that these companies are EXPENSIVE to operate. Compared to non-AI SaaS companies, Kruze’s team found that AI startups spend on computing/hosting costs averaging 22% of total expenses—more than double that of non-AI tech firms. 📊 Our VP of Financial Strategy, Healy Jones, provided key insights, noting, "No wonder V.C.s are throwing money into these companies. They clearly need the money to sustain growth at this pace." Explore the full story to learn why A.I. startups are becoming the darlings of investors and how they're navigating through the challenges of high operational costs. Check out the article for a deeper look into the financial intricacies of A.I. startups: https://lnkd.in/eTP-4hUE Feel free to share this post and spread the word about the evolving landscape of A.I. investment!
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🚀 Attention Startup Founders! 📊 Ready to ace your VC due diligence process? Our comprehensive checklist is here to help you navigate every stage of funding, from pre-seed to Series C and beyond. 💼 Key Insights: • Prepare for investor scrutiny with ease • Avoid common due diligence mistakes • Access expert advice and stage-specific checklists Don't miss out on Kruze Consulting’s essential guide for a smooth fundraising journey! 👉 https://lnkd.in/dwjWEb27 #Startup #VentureCapital #Fundraising
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How Much do Startups CTO Get Paid? 💼 Startup founders often ask us about the right salaries for their CTOs, especially after they complete a fundraise. As the leading CPA firm serving VC-backed startups, we have the data to answer that! We’ve just updated our 2024 startup CTO salary data, based on anonymized payroll information from over 250 startups that have collectively raised more than $1.5 billion. Unlike surveys or gut feelings, our data is real and reliable. Here's a snapshot: - Average CTO Salary in 2024: $157,000 - Median CTO Salary in 2024: $150,000 CTOs generally earn more than CEOs, highlighting the high demand for technical talent. Compare the average salaries: - CTO: $157,000 - CEO: $141,000 Probably seems low, right? What’s the deal? Check out the full article to see the answer (hint: stage and founder vs non-founder status matter a lot more than you’d think!). 📈 https://lnkd.in/dQ-pFeF4
What salaries did startup CTOs earn in 2022?
kruzeconsulting.com
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🌟 At Kruze Consulting, we stress the importance of meticulous data collection for all VC-backed startups. 🌐 Why is tracking customer data crucial? - Compliance: Ensures adherence to tax laws and regulations. - Financial Accuracy: Supports precise revenue recognition and financial forecasting. - Risk Management: Minimizes the risk of legal and financial discrepancies. Ensure your startup’s health by tracking essential customer information. Explore our comprehensive guide in the original post by Vanessa Kruze, CPA. #StartupSuccess
🌟 Attention VC-backed startups! When signing a new customer, what data do you track? It's crucial for compliance and financial health! Here’s what you need: 1️⃣ Customer Name & Address 2️⃣ Customer Phone Number 3️⃣ Product Name and Quantity Sold 4️⃣ Unit Price 5️⃣ Contract Duration And more - scroll through our presentation below to learn more! Leverage these insights to streamline your operations and safeguard your startup's future. Remember, the right data keeps your accounting accurate and your business compliant! #StartupSuccess #FinancialHealth #DataDriven
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Happy 4th of July, everyone! 🎆🇺🇸 At Kruze Consulting, we hope you all have an amazing day filled with unforgettable memories with your loved ones, delicious food, and a lot of fun. Let's celebrate the independence of our great nation in style! 🎉
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