Intelectium

Refinancing startup debt: strategic move or quick fix?

What is ARR: the metric that isn't billing (and why it matters)

ARR is not billing: it is contractually recurring revenue. How to calculate it correctly, its 3 most common pitfalls, and how to present it to investors.

New and worthly

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3 min read

Customer Acquisition Cost (CAC): what it is, how to calculate it correctly, and why "blended" metrics can be misleading

CAC might seem like a simple formula, but a blended number can hide channels that are burning through your cash. Learn how to calculate it correctly by channel and what payback period to aim for based on your startup's stage.

New and worthly

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3 min read

Startup Debt Ratio: A Guide by Stage and Common Mistakes

The debt ratio's formula, threshold, and interpretation change depending on the stage. We explain the two formulas, the ranges for each phase, and how to use it effectively.

New and worthly

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3 min read

Startup term sheets: the clauses that decide who wins at exit

Which term sheet clauses actually impact your exit payout and how your unit economics shape the investor's offer.

New and worthly

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3 min read

Accounting and CFO Services for Startups: Why Keeping Them Separate Costs You (and How to Connect Them Properly)

Connecting accounting and the CFO from day one prevents lost funding rounds. Learn what to automate, which metrics to watch, and which mistakes cost more than they seem.

New and worthly

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3 min read

Corporate Financial Planning: The Cadence and Scenarios That Protect Your Cash Flow

Why corporate financial planning fails if you don't calibrate the review cadence for each metric and confuse the three types of break-even.

New and worthly

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3 min read

How Venture Capital Funds Invest: Criteria, Process, and Mistakes That Close Doors

What VC funds really demand before investing, the mistakes founders keep making in the process, and how to read the Spanish venture capital market today.

New and worthly

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3 min read

Startup funding plans: why 80% fail before reaching the investor

Runway, funding architecture, and actual closing timelines: why most funding plans die before reaching the investor.

New and worthly

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3 min read

How to build a startup budget that is actually useful for decision-making

3 layers, 5 scenarios with triggers, and the Rule of 40: the framework for a business budget that is actually used for decision-making.

New and worthly

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3 min read

A monthly financial forecast is not optional for startups with a short runway

With less than 18 months of runway, reviewing your forecast every quarter isn't being prudent: it's flying blind. Cadence, scenarios, and optimistic bias.

New and worthly

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3 min read

E-commerce stock management: the 3 types of inventory that tie up your cash in different ways

Not all inventory weighs the same. The 3 types of e-commerce stock, the VAT no one sees, and how to finance it without destroying cash flow

Refinancing startup debt: when it's strategic and when it's a quick fix

What is ARR: the metric that isn't billing (and why it matters)

Customer Acquisition Cost (CAC): what it is, how to calculate it correctly, and why "blended" metrics can be misleading

Startup Debt Ratio: A Guide by Stage and Common Mistakes

Startup term sheets: the clauses that decide who wins at exit

Accounting and CFO Services for Startups: Why Keeping Them Separate Costs You (and How to Connect Them Properly)

Corporate Financial Planning: The Cadence and Scenarios That Protect Your Cash Flow

How Venture Capital Funds Invest: Criteria, Process, and Mistakes That Close Doors

Startup funding plans: why 80% fail before reaching the investor

How to build a startup budget that is actually useful for decision-making

A monthly financial forecast is not optional for startups with a short runway

E-commerce stock management: the 3 types of inventory that tie up your cash in different ways