Gary Jinks, President at GLJ Group, spoke at the ASL Emerging Business Group’s best practices seminar on the topic, “Start Ups – Are You Ready? Market Trends, Preparation and Getting Funding.” In this podcast, Gary discusses how entrepreneurs should utilize trends, and the key thing start-ups should know when presenting to investors. To watch the whole seminar, please visit our YouTube page: ASL YouTube
In June 2014, FASB issued an accounting standards update known as ASU No 2014-10 that changed financial reporting for the majority of early stage start-ups. This ASU eliminated the definition of a development stage entity and the financial reporting requirements associated with that designation. This change is effective for annual reporting periods beginning after December 15, 2014 but early implementation is allowed.
One of the greatest challenges entrepreneurs face after coming up with the next product that will revolutionize the marketplace is financing their venture. Many sources of financing are available, see our recent newsletter article “Sources of Funding.”
Silicon Valley continues to buzz as a hub for start-up capital around the world. I’ve lived here my whole life and it is amazing to me how much private capital is available and just waiting to be invested in the next Google, the next Amazon, and the next eBay. Recently, it seems capital is being made available through so many more channels than just the traditional “straight to IPO” pathway. It seems to me that the “IPO way” is becoming less and less attractive to founders and entrepreneurs. I’ve been thinking about whether the stock markets as we historically know them to operate will continue and, if so, for how long and in what capacity?…
Recently, I was invited by a client of mine to attend a business networking event hosted by them. It might merit a mention that this client is an investor network in Silicon Valley that connects “accredited investors” with aspiring entrepreneurs with the objective to invest in their startups or mentor the founders. Founded quite recently in…
I was recently reading a blog regarding the need for CPAs on audit committees of startups, CPAs The Startup Community Needs You. Not surprisingly, this blog post was on a blog “AICPA insights”, which would naturally support the use of CPAs. However, one click glance at the headlines provides much fodder that demonstrates the value that the unique insights of CPAs can provide to a startup. For example, Groupon has definitely had some accounting missteps along the way, such as having to restate revenue, which my fellow ASL CPAs Talk Tech Biz blogger, Sarah Dryden, discusses in more detail some of the revenue issues that led to their restatement. The need for good financial direction is required long before the IPO happens…
