Before you can move forward with a business idea, you need to have cash. More importantly, you need to manage that cash wisely. In this talk from the New York Founder Institute, Vince Scafaria explains the necessary components of a financial model, and offers tips for money management in the first months of starting up.
Vince Scafaria is founder and CEO of DotAlign, a collaborative relationship management app for professionals looking to get the most value from their social graph. In addition, he was founder and CEO of DealMaven, and served as Director of Operations for the Investment Banking vertical of FactSet.
“Getting that first check from your clients is so much harder than you’d ever imagine” says Vince. "Be conservative and always know how you’re going to survive under different scenarios”.
The New York Founder Institute is currently accepting applications for the upcoming Winter Semester. If you could benefit from expert training and feedback to launch a company in New York, click here to learn more and apply today. Final applications are due 2014-05-25.