{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"EP 64 - How to screw up your startup: 5 financial mistakes with Sven Greulich","description":"Do you know about all the different ways to screw up your startup\u2019s financials?     Managing investments for your startup is bound to come with difficulties and requires a lot of learning by doing. However, you can learn how to avoid these mistakes beforehand!      Tune in to today's episode and listen to Sven, Gerrit and Dries discuss:  - Both sides of the financing table   - What type of red flags to identify in investors  - Do you get in bed with the devil?  - Equity shares in university spinouts  - And many other interesting topics!     Let us know what you think of the episode in the comments!   We hope you enjoyed :)   Chapters: (1:00) Intro by Gerrit  (2:37) Giving away too much equity too early \u2013 how does it make you feel Sven? (7:30) Gerrit describes his experience and examples of giving away equity too early  (9:45) Sven brings in the corporate  viewpoint on equity splits  (10:41) Gerrit dives into external capital  (11:33) How much equity should a university have at a spin-off   (15:00) Gerrits first venture and equity offers by angels experience   (17:50) Angels are the real risk takers   (21:31) Movement more towards the US regarding equity?  (25:00) Convertible loans are an amazing tool  (25:25) There are 3 main economic levers  (26:50) Sven, what do you recommend when collecting tickets to avoid a mess? (28:55) Sven, what are the mistakes you see in the boards of startups?  (30:13) What makes a good board? (31:40) Gerrits stories on startup boards  (25:30) What good investors would do  (36:50) The moral of the story is a good board  (38:30) Sven highlights important decisions to make when creating your board  (40:40) Do you Sven, as a lawyer see yourself as a helping hand there?  (43:00) Gerrit\u2019s advice on how to treat investors coming into your startup  (46:30) Sven, what do you say when people come and ask if they should get an investor even if there are many red flags?  (50:00) Desperate companies suffer from poor investors  (53:41) What happens when you take money from someone you wish you hadn\u2019t? (55:37) Lack of stakeholder management when negotiating financing management  (59:40) Sven, how do you do a rolling close?   (1:01:10) Gerrit, have you fallen into the trap of being a bit too arrogant when you give money?  (1:05:00) A lot of learning is done by doing  (1:07:00) Thank you for listening!    ","author_name":"The Most Awesome Founder Podcast","author_url":"https:\/\/www.mostawesomepodcast.com","html":"