Runway management: How to control costs during the crisis

Presented by

Amy Lewin, Editor Sifted, Sonali De Rycker, Partner Accel, Caroline Tulloch CFO Taster, Darren Upson VP SMB Soldo

About this talk

When the coronavirus crisis hit, investors all had one top-line piece of advice for their portfolios: cut costs and increase your runway. Startups listened — furloughing staff, slashing marketing budgets and reducing operational costs. But as lockdowns and restrictions around Europe remain in place for the foreseeable future, how should startups be controlling costs on an ongoing basis? We've gathered a panel of experts to discuss what steps startups and scaleups should be taking, what numbers they should be keeping an eye on and what timeframes companies should be working to. Amy Lewin, Editor, Sifted Sonali De Rycker, Partner, Accel Caroline Tulloch, CFO, Taster Darren Upson, VP SMB, Soldo

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Companies need to spend money to make money. But while banks are great at one-to-one transactions, businesses have many buyers, many ways to pay, and many reasons to spend. It’s tough to track what’s being spent, how, where, and by whom – costing businesses time and money. So, we created Soldo to bridge the gap between banks and businesses. We’re on a mission to help businesses spend, the brighter way.