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Atmrix

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Atmrix

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KN

Kirsty Nathoo

08/22/19

@ Y Combinator

It's crucial to be honest about your burn rate; misrepresenting it only leads to self-deception about your financial situation.

Video

YC

Kirsty Nathoo - Managing Startup Finances

@ Y Combinator

Kirsty Nathoo - Managing Startup Finances

08/22/19

Related Takeaways

YC

Y Combinator Cast

02/13/25

@ Y Combinator

It's crucial for founders to be honest with themselves about their spending and revenue expectations, as unrealistic assumptions can lead to financial failure.

GT

Garry Tan

06/08/23

@ Y Combinator

Avoiding the truth about your startup's situation can lead to failure; if you lie to yourself, you will ultimately lie to others.

AC

Adora Cheung

08/01/19

@ Y Combinator

It's crucial to be honest about your startup's current status and to regularly fill out your primary metric and goals to maintain accountability and track progress effectively.

SA

Sam Altman

11/09/18

@ Y Combinator

It's essential to be brutally honest with yourself about which projects are actually working and which ones you're just convincing yourself are successful.

YC

Y Combinator Cast

03/07/18

@ Y Combinator

Avoid saying you're in on an investment just to keep your options open; be honest about your concerns regarding financing risks instead.

KM

Kat Mañalac

09/20/18

@ Y Combinator

Do not lie or exaggerate your capabilities when communicating with journalists; honesty is crucial to maintaining credibility.

RC

Ron Conway

10/15/14

@ Y Combinator

Being honest with yourself about your product's performance is vital. Your team often knows the truth before you do, and addressing issues together can boost morale.

YC

Y Combinator Cast

04/28/17

@ Y Combinator

Founders should know key metrics like cash position and burn rate to communicate effectively with investors.

KN

Kirsty Nathoo

08/22/19

@ Y Combinator

Calculating your burn rate is straightforward: it's the difference between money in and money out, which you can find in your bank statements.