The Startup Chat With Steli And Hiten

In today’s episode of The Startup Chat, Steli and Hiten talk about personal finances for founders. One of the biggest mistakes founders make without realizing it, is neglecting to manage their own personal finances while they focus on starting, building and scaling their startups. This can be disastrous if it goes wrong as not paying attention to your own finances, ultimately slow down the development of your startup In this episode, Steli and Hiten talk about common monetary situations founders find themselves in, recommendations on when to take a salary, the importance of having savings and much more. Time Stamped Show Notes: 00:00 About today’s topic. 00:50 Why this topic was chosen. 02:35 Common monetary situations founders find themselves in. 02:19 Hiten’s recommendations on if a founder should take a salary. 04:02 Why survival is your game if you haven’t raised money. 05:03 Steli’s advice on how to manage your finances. 06:37 When you can expect to see ROI. 06:58 The importance of having savings. 07:52