Budgets, models & what investors are looking for with Scott Orn | Kruze Consulting Startup Finance Basics

This Week in Startups

Jason Calacanis

Technology

4.4 • 1.3K Ratings

🗓️ 12 February 2021

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Check out the Finance Basics Playlist: https://rb.gy/zezgtb
Check out Kruze Consulting: https://kruzeconsulting.com/twist
FOLLOW Scott: https://twitter.com/scottorn
FOLLOW Jason: https://linktr.ee/calacanis

Transcript

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0:00.0	All right, I am back with my man, Scott Orn.
0:07.0	He is with Cruise Consulting.
0:09.8	Go to cruiseconsulting.com, says Twist, K-R-U-Z-E, consulting.com.
0:14.5	They do our accounting.
0:15.5	They do a lot of our startups accounting.
0:17.2	They will work with you when you're two people and a napkin with an idea on it and aspirations
0:22.4	though work with you when you have two thousand employees.
0:24.7	I don't know.
0:25.7	What's the biggest company we're ever with in terms of number of employees?
0:27.7	The biggest company is Calm Still, which is, I know it's a near number of employees,
0:32.7	but a large amount of money.
0:34.7	I think that company is the company with the largest amount of revenue per employee I've
0:39.9	ever invested in.
0:40.9	Just if you take the total revenue by the number of employees, and at one point I was
0:45.1	like, how many employees we have?
0:46.1	There was like 50 and I was like, do we need more employees or like, yeah, we're going
0:51.5	to double it.
0:52.5	I'm like, do we need that?
0:53.5	No.
0:54.5	I'm like, well, why are we doubling?
0:55.5	Well, we can.
0:56.5	So we're going to put more work into everything, make everything redundant and multiple languages,
	...

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