Treasury management should be top of mind for startup founders

Welcome to TechCrunch+ Friday

A few years ago, I was driving in a rural area on the coast north of San Francisco and found myself low on gas. In fact, the fuel light was flashing urgently.

My cell phone couldn’t get a signal to direct me to the nearest gas station, so I put the engine in economy mode and drove on instinct. I knew the car had a reserve tank, but I had no idea how far it would take me.

Founders who don’t implement proper treasury management practices during a downturn are as foolhardy as I was that day — how far can your company go on fumes?

“Your cash reserves mean nothing if you aren’t able to access them in time to pay for your ongoing expenses,” writes Michael Dombrowski, corporate treasury adviser at Rho.

In a TC+ guest post, he shares the basic steps for creating a cash management plan for startups that have closed an extension or need to make the most out of their precious runway.

TechCrunch+ is hiring for several roles, including a part-time desk editor who will help manage our guest contributor program.

If you’re interested, please don’t contact me — you can find more information about this role and submit an application via LinkedIn.

Thanks very much for reading, and have a great weekend.

Walter Thompson
Editorial Manager, TechCrunch+
@yourprotagonist

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