Unlocking Financial Realities: Strive to Make Your Allowance Stretch

Name: Unlocking Financial Realities: Strive to Make Your Allowance Stretch
Uploaded: 2023-11-29T16:53:41+00:00
Duration: 28 s
Channel: Jason M. Lemkin
Description: Founders without board oversight have no one questioning their spending, and more capital won't come unless the business is thriving. Treat raised money…

29 Nov 2023 · 0 min

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Founders without board oversight have no one questioning their spending, and more capital won't come unless the business is thriving. Treat raised money like an allowance you have to stretch for the whole year, not a tap that keeps running.

Why don't you— why does nobody ask? We're scared of the answer. And if you don't have board meetings or a board, there's no one to ask. So no one's going to give you more money unless times are really good. And maybe that's okay. Like, I don't know where— I don't know how the kids these days don't realize that they have to make the allowance stretch the whole week. Someone gives you a million dollars, 10 million, 100 million, maybe that's all you're going to get until you get more. Like, who told these kids that, that, like, that, that more is always coming?