#DamaniTalks – Ask Me Anything on ‘Personal Finances for founders’

Founders of early-stage startups face many financial constraints at the onset. Mismanagement of personal finance is a common reason why many companies are forced to wind up their businesses. So, I’m here to help you out!

In this special episode, I covered the topic of ‘Personal Finance for founders’ 

Takeaways from this episode

  • Why did I choose this particular topic? What are some financial constraints that early-stage startup founders are unaware of? 
  • How do early-stage startups protect against mismanagement of funds? How should one know which functions to not invest in that drain and might not yield a return?
  • Is it acceptable for founders building a product to do a part-time job? When should a founder start drawing his/her monthly salary? What parameters should early-stage startups use to decide the right salary for a founder?
  • Does getting a safe note affect valuation? How should one define what expenses should be expensed out from the company and what shall not? If a company is running on a freemium model, what is considered as traction for early-stage startups?
  • How much personal funding too much risk for a founder? At what stage can a founder look at becoming an angel investor? What are the cardinal rules of saving and investing when you’re an entrepreneur?
  • What measures or precautions should a new or early-stage founder, with limited savings or personal funding to rely on, take? What are the common challenging monetary situations founders find themselves in?  

Watch this episode

Published by ShowMeDamani

Disruptive Son, Bully Brother, Naughty Uncle, Mischievous Nephew, Radical Angel Investor, Irritating Serial Entrepreneur.. basically a 6ft man with 29k ft dream

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