Blink and you might miss an added wrinkle to the startup game. Any number of factors contributes to its evolution, but there will always be one constant: the spirit of competition.
You likely don’t have the experience or knowledge to go it alone (and that’s OK!), so this is where a solid board of directors’ counsel can be invaluable. Just like your personal support group did all those years leading up to your college education, an experienced board can have your company’s short- and long-term best interests at heart.
Big ideas don’t prosper on their own. If you want to build a startup that stands the test of time, you’ll need more than a smart idea and a solid work ethic: you will also need adequate funding. Whether you’re hoping to be the next YouTube or buy a food truck, this guide offers insider tips on financing that can help you get your startup up and running.
From our vantage point, when founders, as they currently are, begin sharing stories about how difficult it is to raise funds, change is in the air. This is why it wouldn’t surprise anyone if VC funding — along with the tech arena — shrank in the next 12 to 18 months.
In all honesty, valuations help with buzz and are actually more than just hype. Most startups are cash-poor, offering alternative compensation packages with stock options and other add-ons specifically targeted toward attracting talent. Using these nontraditional compensation tools requires a valuation, which can have a profound impact on startup tax status because the IRS heavily regulates that area.
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