PODCAST · business
Brex in the Black
by Brex Publishing
A crash course in financial operations. Bullet discussions on finance, fundraising, and financial operations with Brex’s CFO Michael Tannenbaum.
Episodes
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Founder stock & early employee options
A lot of the excitement and lure of startups falls on the equity component. This episode breakdown how founders should think about their stock when starting out, what to do after raising your round, and how to grant options to early employees. Sign up for Brex by visiting brex.com
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Internal Transparency About Finances
Transparency is popular in tech and it's something people value in their employer. In this episode of Brex in the Black, Michael (CFO) shares his thoughts on transparency about finances and where to draw the line. You can sign up for Brex by visiting: brex.com
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Venture Debt
Brex's CFO Michael Tannenbaum addresses the topic of venture debt, one that often comes up as a question in panels and conversations with startup founders. We cover how venture debt is unique in the startup ecosystem, typical terms, rates, and what to watch out for in the process. You can sign up...
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Board of Directors Meetings
This episode of Brex in the Black covers Michael Tannebaum's playbook for running board of director meetings. The playbook covers everything from Scheduling Material to send out Who should attend Post-meeting This was also recently outlined in our Building Brex blog online including a good...
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Budgeting Conflicts
This episode of Brex in the Black is all about budgets and navigating conflicts they may bring. It's important to note that budgeting conflicts happen and it’s hard to budget at startups. The important thing is accountability and review. Learn how Michael Tannenbaum, Brex's CFO, guides the…
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Remote Work Benefits
We've already covered the future of offices and rethinking the office strategy, in this episode of Brex in the Black, we discuss remote work benefits like utility stipends, meal stipend, at home office benefits for furniture, shared office space in new cities, etc. You'll hear Michael's...
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Should your Finance department get along with the rest of the company?
In this episode of Brex in the Black we talk about the healthy tension your finance team should have with the rest of your company. Topics: The Finance team's ultimate task How does a CFO lose their job? Maintaining respectful relationships with teams across the org. Focus on the business - frame...
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How to Acquihire
In this episode of Brex in the Black Michael Tannenbaum and Arthur Levy give us their thoughts on how to approach acquihires. Why companies do Acquihires and how to know if yours should Proactive vs. Passive Build pipeline around key properties Building your buckets with your Product team Build...
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Personal Reimbursements
In this episode of Brex in the Black Michael Tannenbaum answers a common question he gets from early-stage founders. "How do I actually go ahead and reimburse myself after I've been spending money on my personal card because I haven't had my business set up and I've incurred all these expenses?…
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Remote work: Rethinking the office strategy
In this episode of Brex in the Black Michael breaks down how he's been rethinking the office strategy after a prolonged period of remote work. You can sign up for Brex here brex.com
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How to close a round with the actual mechanics you need
In this episode of Brex in the Black we go over closing a round of funding and the actual mechanics you need, including legal docs, wires, investor confirmations, diligence, and more. Topics covered: Post diligence and agreement - what do you What are the docs: Articles - the most critical stuff,...
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Basic Budgeting at a Startup
In this episode of Brex in the Black, we go over basic budgeting at a startup. Some of the points we cover are: What are budgets? When should you do them? Why does your startup need a budget? Who should be involved in startup budgeting? In beginning just finance person and founders, small group…
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Growing a Finance Department - Person by Person
In this episode of Brex in The Black, we talk about Growing a Finance Department, person by person. Episode overview: A framework to solve for what you need day one to cover what you may not understand or have time for. Key roles you need to staff a Finance Department : Accounts Payable Staff...
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Startup valuations and how they work
In this episode of Brex in the Black we talk about startup valuations and how they work for the different stages of a startup. Get the episode transcription here: brex.com/brexintheblack/episode-15/ You can sign up for Brex here brex.com
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Startup Mergers & Acquisitions
We host special guest Scott Orn, COO of Kruze Consulting, to discuss how to best handle startup acquisition offers. Get the episode transcription here: brex.com/brexintheblack/episode-14/ You can sign up for Brex here brex.com
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Guideline
On this episode of Brex in the Black, we host special guest Kevin Busque, Founder & CEO of Guideline, to discuss 401(k)s, IRAs, HSAs, and how to effectively provision tax advantaged structures for employees. Get the episode transcription here: brex.com/brexintheblack/episode-13/ You can sign up…
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Stock Options
We discuss stock options versus RSUs, vesting schedules, strike prices, the 490a valuation, ISOs v NSOs - and how to get it all right. Get the episode transcription here: brex.com/brexintheblack/episode-12/ You can sign up for Brex here brex.com
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Taxation
In which Michael talks about the importance of filing, reporting requirements, local taxes, and delaware incorporation - even if you’re not making a profit. Get the episode transcription here: brex.com/brexintheblack/episode-11/ You can sign up for Brex here brex.com
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Accruals
We review the concept of accruals, the difference between accrual and cash accounting, and a few examples of the use of accrual accounting in business. Get the episode transcription here: brex.com/brexintheblack/episode-10/ You can sign up for Brex here brex.com
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The Monthly Close
Michael reviews how to think about keeping clean books, along with how to properly finalize your financial activities at the end of each month. Get the episode transcription here: brex.com/brexintheblack/episode-9/ You can sign up for Brex here brex.com
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Payroll
Michael goes over the difficulties of payroll, how to implement an orderly payroll process (a surprisingly difficult task). We also discuss whether Finance or HR should own payroll, and what most companies get wrong about this key function. Get the episode transcription here:...
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Benefits
This week, Michael answers questions on the critical topic of startup benefits. We go over what healthcare plans — and how many — a startup should choose, what employees have come to expect from their benefits, and how startups can go about shopping for a plan. Get the episode transcription here:...
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Outsourcing Accounting
This week, Michael discusses whether a startup should outsource accounting, what the relevant options are, and how to search out who would be a good fit for this roll. Get the episode transcription here: brex.com/brexintheblack/episode-6/ You can sign up for Brex here brex.com
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Accounting Software
Michael reviews Quickbooks, Xero, and Netsuite on what differentiates them, and which is right for your stage company. Get the episode transcription here: brex.com/brexintheblack/episode-5/ You can sign up for Brex here brex.com
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Early Audits
Michael discusses when your startup should be audited, and whether it is important. We go on to talk about what firm is best to work with, and what financial processes to setup to make sure you pass. Get the episode transcription here: brex.com/brexintheblack/episode-4/ You can sign up for Brex...
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Raising from Softbank
Michael regales us about raising capital while at his previous role at SoFi — a stint that included a billion-dollar deal with Masayoshi Son, Founder & CEO of Softbank, before it became fashionable. Get the episode transcription here: brex.com/brexintheblack/episode-3/ You can sign up for Brex…
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Fundraising: CEO & CFO Roles
We talk to Michael this week about what the role of the CFO is in the fundraising process, and how it interacts with the role of the CEO. We also discuss how this dynamic changes as the company scales. Get the episode transcription here: brex.com/brexintheblack/episode-2/ You can sign up for Brex...
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Fundraising
We talk to Michael about all things Fundraising: when to start the process, how you should conceptualize this slice of startup life, how to approach investors, and what to prepare for your initial meetings. Get the episode transcription here: brex.com/brexintheblack/episode-1/ You can sign up for...
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ABOUT THIS SHOW
A crash course in financial operations. Bullet discussions on finance, fundraising, and financial operations with Brex’s CFO Michael Tannenbaum.
HOSTED BY
Brex Publishing
CATEGORIES
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