Crypto accounting for startups | Finance Basics with Kruze Consulting’s Scott Orn | E1339
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 6 December 2021
⏱️ 35 minutes
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| 0:00.0 | Okay, we're back here on this week in startups. I'm your host, Jason Calakana. I'm an angel |
| 0:07.5 | investor in 350 companies over the last 11, 12 years been doing this podcast for about |
| 0:12.4 | the same period of time, actually. And one of the things that is the bane of existence |
| 0:17.9 | is people asking me the same basic questions over in Oregon. I try to be super helpful, |
| 0:23.2 | but I decided what would be most helpful is if I could just give people a URL and say, |
| 0:27.0 | O2, this week in startups.com slash basics, just like I wrote the book, Angel, so I can stop |
| 0:32.2 | having the same conversations about how do you pick companies? I send them the book where |
| 0:36.1 | I say go to Angel University and then ask me your question. So we're starting with questions |
| 0:40.1 | on third base. Well, here we are. I wanted to do that for legal accounting, HR, marketing, |
| 0:44.8 | all this stuff. So we started the startup basic series. It's gone incredibly well. |
| 0:49.2 | And one of the great reasons it's gone so well is we have a series of providers that |
| 0:53.6 | we use kind of on our short list. When we fund a company, they'll say, Hey, I need |
| 0:58.2 | a countdown, you legal, I need this. We can be short list. Hey, here's people we trust. |
| 1:02.4 | And one of those people we trust and we work with all the time is Scott Warren. He is |
| 1:05.6 | the chief operating officer of crews. You can visit them at cruiseconsulting.com slash |
| 1:09.4 | twist. Welcome back to the program, Scott. We've been going through all these basics. |
| 1:13.8 | Again, this year we did stuff on end of the year. And now we're going to talk today |
| 1:19.4 | about crypto. When did crypto start hitting your customer base? And when when you start, |
| 1:26.6 | when did you start first facing these accounting issues? And what were the first couple of |
| 1:29.8 | accounting issues? |
| 1:30.8 | There was a wave about four or five years ago with a lot of the ICO stuff, but that got |
| 1:35.4 | a little crazy, a little, it was almost like a gold rush. And maybe not, I mean, there's |
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