Here are some tips to keep your startup lean:

1. Focus on unit economics from day one. Understand your costs and revenue at a granular level.


2. Wait to hit certain revenue milestones before hiring additional teammates.


3. Explore alternative funding sources like revenue-based financing, crowdfunding, or bank loans.


4. If you do need to raise VC money, approach it

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It was a small team deliberately kept that way and scaled organically. Following the experience with Flatiron, Fred was very deliberate in scaling the team slowly and preferred integrating the new GPs with patience and from the immediate ecosystem of people they know and trust.

Based on the fact that most founders are builders, not CFOs, it’s a fair assumption that most founders aren’t naturally skilled capital allocators and so aren’t aware of all of the alternative methods large companies utilize to finance their businesses. What I see happening in B2B fintech is a sort of ‘consumerization’ of these previously unknown... See more