Okay, everybody. Welcome to another edition of this week in startups. Today we continue season two of scaling your startup. It's a 10 episode series.

This is episode eight and we've got an amazing amazing episode for you.

This is a must listen for founding teams, so you're probably going to want to get the team together and listen to this as a group and take some notes because.

We're going to have two founders on the program, one Ben, who is from a company called neighborly, which we're investors in and he is going to talk about managing burn right now why should you listen to Ben.

Well, Ben went through a near death experience with a startup because he was operating.

Co sharing spaces in the real world basically their storefronts where you can rent them by the hour for company offside or book club or.

A rehearsal dinner would have you wanted to use these spaces were well guess what happened in a pandemic revenue goes to zero and investors are not interested in investing your company he figured out how to save the company and he became what I call a sling shot startup.

The setback has made him stronger you're going to want to listen to this talk twice and little robbers is with us she's a founder and CEO of Zendu which we are also investors of they do accounting services she's going to talk about.

Financial health of your company and how to manage it there's a lot of tactical stuff in her talk that's really important and then the end we do a little round table talking about how involved should a founder be.

In their finances and I beg of you as a founder to if you do not have the skill set of watching the books and going through those bank statements every month you need to add this to your skill set because I've had many founders come to me and say the accountant screwed us they got it wrong.

And we went out of business I thought we had three months of runway we actually had three weeks I thought we had six months of runway we actually had to.

All of this nonsense it's your responsibility just like you have to manage technical debt you've got to manage your sales team you got to manage marketing got to manage recruiting it all lands on the founder and CEO's desks therefore you have to know how to control your burn stick with us.

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All right it's been an amazing scaling your start up season two.

You can go see all the episodes at this weekend startups dot com slash scale we've talked about growth copy writing social marketing sales fundraising product SEO conversion funnels culture.

And today we're talking about how to operate efficiently low burn rate and just have really solid financial hygiene super important.

And we'll start out with Ben from neighborly who's going to talk about managing your burn rate go ahead Ben thanks Jason.

All right well I'm excited to jump in here and talk a little bit about burn rate and how to effectively manage your burn.

As you're growing your your startup so as a quick introduction to myself and the company at work for I am the CEO and co founder of neighborly.

And we are an early stage startup that is creating a flexible real estate platform for people to rent space for their business for exactly how long they need.

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