Brex in the Black

Brex in the Black

By Brex PublishingBusiness
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Brex in the Black episodes

  • How to close a round with the actual mechanics you need

    In this episode of Brex in the Black we go over closing a round of funding and the actual mechanics you need, including legal docs, wires, investor confirmations, diligence, and more. 

    Topics covered:

    1. Post diligence and agreement - what do you
      1. What are the docs:
        1. Articles - the most critical stuff, especially anti dilution and drag along
        2. IRA - co sale , ROFR
        3. SPA - actual documents
        4. Disclosures  schedule
        5. Funding / closing -
          1. Pick a date
          2. Wire instructions
          3. Confirmations / Update your cap table

            4. Get the episode transcription here:  brex.com/brexintheblack/episode-18/

            You can sign up for Brex here brex.com

            11 min
          4. Basic Budgeting at a Startup

            In this episode of Brex in the Black, we go over basic budgeting at a startup. Some of the points we cover are: 

            1. What are budgets?
              1. When should you do them?
              2. Why does your startup need a budget?
              3. Who should be involved in startup budgeting? In beginning just finance person and founders, small group
              4. How does it progress?
                1. How are budgets affected when you introduce OKRs and OKR planning
                2. Then roll out full budget templates
                3. Income statement and key revenue metrics - actual, expected, variance, explanation of variance


                  4. Get the episode transcription here:  brex.com/brexintheblack/episode-17/

                  You can sign up for Brex here brex.com

                  13 min
                4. Growing a Finance Department - Person by Person

                  In this episode of Brex in The Black, we talk about Growing a Finance Department, person by person. 


                  Episode overview:

                  A framework to solve for what you need day one to cover what you may not understand or have time for. 

                  Key roles you need to staff a Finance Department :

                  1. Accounts Payable
                    1. Staff Accountant
                    2. Controller
                    3. Technical Accountant
                    4. FP&A
                    5. Strategic Finance / Corp Dev


                      6. Get the episode transcription here:  brex.com/brexintheblack/episode-16/

                      You can sign up for Brex here brex.com

                      10 min
                    6. Startup valuations and how they work

                      In this episode of Brex in the Black we talk about startup valuations and how they work for the different stages of a startup. 


                      Get the episode transcription here: brex.com/brexintheblack/episode-15/

                      You can sign up for Brex here brex.com

                      12 min
                    7. Startup Mergers & Acquisitions

                      We host special guest Scott Orn, COO of Kruze Consulting, to discuss how to best handle startup acquisition offers.

                      Get the episode transcription here:  brex.com/brexintheblack/episode-14/

                      You can sign up for Brex here brex.com

                      21 min
                    8. Guideline

                      On this episode of Brex in the Black, we host special guest Kevin Busque, Founder & CEO of Guideline, to discuss 401(k)s, IRAs, HSAs, and how to effectively provision tax advantaged structures for employees.

                      Get the episode transcription here: brex.com/brexintheblack/episode-13/

                      You can sign up for Brex here brex.com

                      18 min
                    9. Stock Options

                      We discuss stock options versus RSUs, vesting schedules, strike prices, the 490a valuation, ISOs v NSOs - and how to get it all right.

                      Get the episode transcription here:  brex.com/brexintheblack/episode-12/

                      You can sign up for Brex here brex.com

                      21 min
                    10. Taxation

                      In which Michael talks about the importance of filing, reporting requirements, local taxes, and delaware incorporation - even if you’re not making a profit.


                      Get the episode transcription here:  brex.com/brexintheblack/episode-11/

                      You can sign up for Brex here brex.com

                      12 min
                    11. Accruals

                      We review the concept of accruals, the difference between accrual and cash accounting, and a few examples of the use of accrual accounting in business.

                      Get the episode transcription here:  brex.com/brexintheblack/episode-10/

                      You can sign up for Brex here brex.com

                      7 min
                    12. The Monthly Close

                      Michael reviews how to think about keeping clean books, along with how to properly finalize your financial activities at the end of each month.


                      Get the episode transcription here:  brex.com/brexintheblack/episode-9/

                      You can sign up for Brex here brex.com

                      6 min

                    About Brex in the Black

                    From the publisher's feed

                    A crash course in financial operations. Bullet discussions on finance, fundraising, and financial operations with Brex’s CFO Michael Tannenbaum.