All right, everybody, it's time to get back to basics.

That's what we do here at this weekend,

and start up sometimes.

We just say, hey, let's pause for a second,

and let's talk about the basic things you need to know about

in order to run your startup.

And one of the most important things for you to get right is your finances, right?

You gotta have tight accounting, you gotta have tight finances, and so my friend Scott Orrin is from Cruz, K-R-U-Z-E, many of our startups use Cruz as their accounting

and finance partner.

And Scott's a CFA, obviously, and he is passionate about startups just like me and

Welcome back to the program Scott. Thanks Jason appreciate it. Thanks. Great to be here. Yeah, so we we last talk in 2022, I think it was complete utter chaos.

We had Silicon Valley Bank and a bunch of startups closing.

We still have startups shutting down, but the market seems to have reached some sort of I would say floor or some sort of

Sanity so is that in line with what you're seeing here in the fourth quarter of 2023?

That's exactly it actually.

So we have, we're still seeing a lot of companies go out of business,

but interestingly, Cruz is pretty interesting

because we can see all of our company's cash balances and we can see their

burn rates. So we have over 800 clients. So we're like a really good index of

the startup ecosystem. And just in the last like three months the median cash at a startup has been

ticking up for the first time in about nine months so that oh that's significant

various it's the bottom right's the bottom, right?

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