How To Simplify Diligence & Avoid Fraud : Finance Basics With Kruze Consulting’s Scott Orn : E1321

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00:00 Why Finance Basics matter (even for just 2 people and an idea)
05:02 How VCs can avoid fraud in a fast moving fundraising environment
10:19 Major blockers that come up during diligence
12:27 Examples of fraud and how to audit financials
18:20 How to calculate lifetime value & customer acquisition cost by the book
22:14 How to prevent your churn numbers from being understated
23:31 The upside of having tight financials
24:31 The big "No-Nos" of self-dealing
28:22 Jason's pro-tip for great financial hygiene
30:49 Make sure your tax filings match the books
Check out Kruze Consulting: kruzeconsulting.com/twist

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FOLLOW Jason: linktr.ee/calacanis

Startup Basics: thisweekinstartups.com/basics

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