Founders

Unblock Monday

Describe a problem you're stuck with in a cast and I'll give you a cast-length suggestion (and may link to something else).

Like everything in this channel, people should feel free to jump in. AUA (ask us anything), not AMA.

I’m trying to learn from early-growth-stage founders/finance teams how they prepare monthly P&L statements/recurring investor updates type of financial reports, but it's challenging to get them to show me their step-by-step process over a call/in person. They often cite that the data is too sensitive or do not reply.

A 3rd-time founder with a Performance Marketing, Growth, and Business Development background. https://bueno.money

Having any team share their financials is difficult since they're confidential/sensitive information. I'm happy to chat if you're looking for feedback to streamline your current process.

Thanks for responding, Dan!

1. I have some experience with my previous company. Completing monthly P&L takes almost a day, caused by manually exporting and importing bank account and subscription payment/refund statements to Google Sheets.

2. I believe manual and error-prone repetitive finance tasks can be automated.

1. Do you have a lot of personal experience with this problem in a previous company / job?

2. Why do you think this is a problem worth solving?

Separately, define "early growth stage" — are you saying pre-product market fit or post-product market fit.

My sense is people stop sending investor updates after growth.