Cash Conversion Cycle Explained
Why can a busy, profitable business still feel broke? Often the answer is timing. You pay for stock, staff and materials today, but customers pay you weeks or …
Format
Explainer
Dilution Explained: A Founder's Walkthrough
Every time your startup issues new shares, your slice of the company gets smaller. That is dilution, and it is a normal part of raising money and hiring. The …
Accounts Payable Turnover Explained
How quickly do you pay your suppliers? Most owners have a vague feeling ("pretty fast" or "when we can"), but few know the actual number. Accounts payable …
Government-Backed Loans for Startups in the UK and US
Not every startup needs investors. If your business can carry a regular repayment, a government-backed loan can give you capital without handing over equity. …
Bad Debt Write-Offs Explained
Every business that sends invoices eventually meets a customer who never pays. Writing that money off feels like admitting defeat, but it is really just good …
Participating vs Non-Participating Preferred Stock
Two words on a term sheet, "participating" or "non-participating," can move millions of dollars between investors and founders when a company is sold. This …
Network Effects Explained for Founders
Investors love the phrase "network effects", and many pitch decks claim them. But a real network effect is rarer and more specific than most founders think. …