more-arw search

What does Kent Thomas think?

I am an active, licensed CPA and have been the CFO (usually on a part-time basis) for over 80 businesses. I am the founder of Advanced CFO Solutions (1996) where we have helped clients through more than 130 financing transactions totaling over $1B. Our goal is to provide meaningful and ... See full profile

In my experience, a non-founder CEO of a venture backed, tech startup will typically get between 5% to 10% of the business in options that vest over...
Completely agree with Mark and Gary - I have never seen it work because someone who is helping a startup raise capital on a finder's fee or...
Emerson's recommendation is the right approach if it is critical that the cash flow cash balance (reporting and forecast, I assume) agrees to...
These are some solid responses with a lot of good ideas. I like to make T&E simple and to put the responsibility on the employees. First of all a...
There is not an easy answer to your question. Whether bank or alternative debt financing source, all potential lenders will look to either collateral...
Wayne is correct. Xero is a solid, cost-effective system for a small business, however, think about three things before you decide which system to...
The others have provided good feedback and direction. In my 20 years of experience as an outsourced CFO, our team has managed full time employees for...
Simon's advice is sound. Which firm or attorney you use is very important because you want to get someone who has deep experience in early stage...
We have adopted Slack in our organization and in several client companies. It solves (mostly) the governance concerns, is more secure and focused. As...
Software is the more difficult one to answer. Under GAAP, R&D costs are expensed as incurred until the software reaches a stage of commercial or...
I tend not to switch just for the sake of switching. There is no requirement under 409(a) to switch that I am aware of and I like to have a valuation...
Yes, you should have all consultants sign an NDA before you provide confidential information. You should also have non disclosure, non-solicitation...
I agree with the previous commenters - I don't see a correlation between the CEO's salary and motivation for the sales team. Sometimes company...
Your "partner" is either overly cautious or overly concerned about having control and/or keeping you from ever having the ability to stop him from...
Keith makes some great and valid points. I would add a few additional: 1. As Keith mentions, most good CEO's will demand an employment agreement in...
Atul, There is no magic number for the appropriate size of an option pool. You are correct that the typical venture capital financing will target a...
Keith, I do not have deep experience in funding media production, however, what I've seen is that startups and independents in this industry finance...
Jeff, The month end close process is an important part of producing timely and accurate financial statements and arguably the most important part of...
First of all, women's clothing is typically sold to retail customers through manufacturer's reps in the US and many other countries. Unless you have...
Good guidance above from Regis and Wayne. I consider a business no longer a "start up" when it has a proven business model that works (i.e. the dog...
Mike is correct - a great business plan is a must but it must be real. VC's want to know: 1. The market & customers who will buy from you first,...
We see most small startups who are bootstrapping or following the lean startup methodology (keeping costs as low as possible) opting for individual...
Braun gives good advice. I've found that if you are reasonable about the value contributed and are willing to forgo the balance, most co-founders and...
It is difficult for a sales person who does not thoroughly understand your business to sell a consulting service. Most successful consulting services...
I like Robert's advice and echo it. Given that you did not take that approach, I suggest that you ask them for honest feedback now so that you don't...