12 Things to Have on Your Radar Now!

1. Hire a Bookkeeper + Tax Accountant

You have more important things to do than bookkeeping. We believe it is worth the small upfront investment to have organized, up-to-date books, so you don't have to worry about cleaning them up as you grow. Here is a Finance 101 overview, which you can review yourself or Burkland is happy to do in person.

2. Set up Banking + Credit Cards

SVB, FRB and Brex are popular and banking solutions and are constantly innovating new ways to service startups. This article provides a high level overview of 4 different corporate credit cards.

3. Consider Onboarding a Cap Table Management Software

4. Complete a 409A

5. Set up Payroll + Benefits

More on HR 101 here.

6. Line up Insurance

Vouch is a startup friendly insurance broker that offers competitive pricing by bundling business policies, similar to what Progressive does with Auto + Home (thanks Flo! 💁🏻‍♀️). FYI - If Freestyle is is officially (not an observer) on your board, we will require proof of D&O insurance.

7. Sign Up for Free Compensation Tools

Option Impact and Pave are both free tools that are super helpful. Option Impact has been around a longer so the data is a bit more comprehensive, but folks also really like the newer Pave.

8. Schedule Board Meetings

9. Plan for Regular Investor Updates

10. Freestyle Reporting

Freestyle will request financials 3x a year in March, June and October. We work hard to keep this process as straightforward and simple as possible. Do not fret - you will never be asked to prepare metrics that are not standard practice. The request for information will come via email (sample here) to your financial contact, 3 weeks ahead of the due date.

11. Freestyle Mental Health Offering

12. Freestyle as a Service!

FaaS? Can that be a thing? But seriously...Molly wants to be the first person you tap when you're looking for a connection, searching for a resource, need help with product DD or want an event to come to fruition. We want to provide comprehensive support to you - our founders - through every step of the journey from Seed to Series. You can reach Molly anytime at [email protected].