Intelectium

How to achieve a clearer financial visibility of your company: the key is to correctly calculate the margin per business unit

A practical guide to understanding which lines of business actually generate value and which are destroying profitability

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3 min read

Pricing strategy: How to set prices that maximize revenue and margin

A pricing error can compromise years of work, turning volume growth into a trap that destroys value instead of creating it.

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3 min read

Why control cash flow on a weekly basis (and how to do it right)

Checking the treasury once a month may be sufficient in stable companies. In innovative startups and SMEs that are growing, it is not.

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3 min read

New line of CDTI grants: Partially reimbursable grants for testing and experimentation infrastructures to promote business innovation

The CDTI Innovation has launched a new line of grants aimed at strengthening the innovation ecosystem in Spain by supporting scientific-technological infrastructures.

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3 min read

Financial Runway: What it is and how to calculate it for your startup

The financial runway is one of the most critical concepts for the survival of any startup.

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3 min read

SAFE Note in Spain: The definitive guide for startups (Includes comparison)

The SAFE Note, or “Simple Agreement for Future Equity”, is a financial instrument increasingly used in the startup ecosystem in Spain. It allows investors to provide capital in exchange for the promise of receiving shares in the future, facilitating financing without the need to value the company at the time of investment.

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3 min read

CAPEX vs OPEX: The financial decision that defines the future of your tech startup

By Patricio Hunt · Managing Partner, Intelectium · 2025

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3 min read

External CFO for startups: A definitive guide to features, costs and when to hire them

Your accountant tells you what happened. Your CFO tells you what's going to happen. They are two different jobs. You look at the rearview mirror. The other one looks at the road. Most startups have the first one. The problem is that startups don't die because they don't know what happened. They're dying not to see what's coming.

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3 min read

Startup accounting vs traditional accounting: key differences that mark growth

Find out why traditional accounting doesn't work in innovative, high-growth companies.

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3 min read

How to calculate how much equity to give up in your first investment round without compromising future control of your startup

When a startup is considering opening its first round of investment, many questions arise, but one stands out above all: what percentage of the company should I give up?

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3 min read

Private investment in startups: when to look for it and how to define the ideal amount of the round

A practical guide to understanding when private funding actually drives the growth of a startup and how to calculate the appropriate amount according to its phase, objectives and scaling projection.

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3 min read

The future “Apple, Google and Microsoft” will emerge from these 10 disruptive platforms

Patricio Hunt, Managing Partner of Intelectium and Firstech Ventures