Business planning · Finance

What are the best resources for learning startup/corporate finance?

Shingai Samudzi

October 17th, 2014

I'm in the process of learning the basics of corporate finance as I am currently serving as both CEO and CFO of my startup. Can any of you recommend any books, resources or other educational materials that help provide the conceptual basics?
Too many founders wing it when it comes to financials; they have no idea how to explain them to investors. In this course, we’ll teach you how to build a basic financial model; read financial statements; and understand cash flow, balance sheets, and income statements.

Varun Mehta CEO of Disqovery

October 17th, 2014

Hey Shinghai, I'm not 100% sure on what you mean by startup finance but the  information at foundersworkbench might help you get started: http://www.foundersworkbench.com

Shingai Samudzi

October 17th, 2014

Hi John, You live in the 415? I'll be in SF on Monday and Wednesday of next week. Would love to pick your brain if you are willing.

Brett CAIA Managing Director at Azimuth

October 20th, 2014

Shingai - The single best starting point that I can recomend is "Analysis for Financial Management by Robert Higgins (http://bit.ly/azimuth_higgins). This is the book Harvard Business School sends to incoming MBA students to read prior to their arrival on campus. Its slim at just a few hundred pages, and covers all of the key points in a very clear, straightforward way. Ive been a CFO for several high growth companies over the past decade, and have used this book many times to train non-financial managers on the basic fundamentals of financial thinking. Higgins is my go to for getting folks to understand what finance is about and how it is relevant to measuring and managing corporate performance. You can dive deeper into certain domains after youve digested Higgins, but you wont want to dig into other material without a roadmap to how it all fits together. Thats what Higgins does. When youre done youll have a very solid understanding of the why for most financial and accounting topics. And surprisingly enough its actually an easy read, with a fair dose of humor. The latest edition (10th) on Amazon seems a bit steep in price. You can probably do just fine with an earlier edition at a lower price. My 7th edition copy has been thoroughly battered over the years and still has a prized spot on my bookshelf. Good luck! Brett Odom, CFA CMA CAIA (m) 202-386-8914

Scott Johnson Co-Founder and CEO at SocialNRG Software Ltd.

October 17th, 2014

After 34 years in the business, including 8 of my own start-ups and more than 200 start-up clients, I've learned that the only real resource worth tapping into is to connect with those who have "done it before" multiple times. Each start-up is materially different. The best way to tap into the knowledge base needed is not through books, videos or other similar materials. The best possible resource is to connect with like-minded entrepreneurs with 'many' start-ups under their belt. And even then, take whatever info you get and morph it for your own purposes.

Stewart Cohen CEO at AB Strategic Services

October 17th, 2014

modules on Lynda.com augmented by and a book called Foundations of Corporate finance Sent from my iPhone

Greg Pierce Director, Honors Core Program and Senior Lecturer in Finance at Penn State - "The Finance Coach" ® www.thefincoach.com

October 20th, 2014

Shingai - I have prepared some Corporate Finance lecture videos tied to Ross/Westerfield/Jordan's Fundamentals of Corporate Finance textbook that is used in my classes. It is the #1 selling undergraduate corporate finance textbook in the U.S. I am told...that's why I use it. You may find these videos at www.thefincoach.com. Enjoy!