Taber Wetz

?? For founders taking on venture debt, covenants are the fine print you cannot afford to ignore. ?? They set the boundaries for how you can operate and manage your company’s finances. If you don’t play by these rules, the consequences can be pretty dire. It’s all about negotiating terms that align with your startup’s financial health. Be sure to read the original post by Kruze Consulting to get the full breakdown. Link in the 1st comment. ?? #StartupFinance

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Q3 is out and Q4 is in!? This is a great read about Base10's strategic switch showcasing how Carta is simplifying fund administration for emerging managers, which is especially important now rolling into the year-end busy?season.?

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As we approach year-end, here's a helpful guide for General Partners and Limited Partners explaining: - What gets taxed? - What isn't taxed? - Scheduling K-1s - How venture fund earnings are taxed - VC fund write-offs - How Carta can help Check it out below (it's a quick read)!

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May is when many private companies finalize mid-year comp plans ?? Need a reliable 409A valuation? Or has it been over a year since your last? We've got you covered! Scalar's 409A valuations keep you compliant, protect employees from tax penalties, and come with a team that supports you all the way through an audit. https://lnkd.in/gs_CtPNS

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Why Buying Your First Business is the hardest & Financing The Fear is Being seen as too risky by lenders and investors. The Solution: Prepare a solid business plan with detailed financial projections. Work with a financial advisor to enhance your credibility. Consider alternative financing options like SBA loans or seller financing.

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Whiskey is emerging as a popular investment class among HNW investors according to a new report by KPMG: 27% said they plan to invest in whiskey within the next 3 years, making it the most popular form of "luxury" assets. Whiskey interest is followed by art (26%), jewelry (20%), wine (15%), and classic cars (14%). While increased capital moving into whiskey investments is likely to drive down returns in the long run, we believe the wholesale bourbon niche is still small enough to capture excess returns for investors who buy barrels in 2024. #bourboninvestments #alternativeassets #familyoffice #investmentideas https://lnkd.in/dgpdGCPd.

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Private Markets (PE, VC, Growth Equity) are asset classes largely inaccessible to public investors, yet there's a lot of demand. This locks individual investors out of the market for innovative companies, and also reduces liquidity opportunities for employees, founders and angels (opaque secondary markets with high tx fees and approval hurdles don't count). Is there a way to solve this using technology, potentially GAI, in a regulated way to give retail investors access to private markets in the UK? It would for sure encourage more entrepreneurship and innovation as well. This was one of the topics we discussed yesterday at the panel at Fund Finance Association , where I was invited to give the Founder's & Entrepreneur's view. Thanks for having me Joel Buckett and very insightful to hear the different perspectives of Muhammad Billal Malik, CAIA, Ibrahim Khan and Mohamed Azzam Khan, CFA

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Tune into Mission Matters Business Podcast where Adam Torres sits down with Luke Boyenger, CPA, Founder & CEO of Cruzumi CFO & Advisory, to unpack the essentials of building a robust financial roadmap. Learn how businesses can leverage outsourced CFO services to navigate their financial journey and discover how Cruzumi CFO & Advisory's team empowers companies to achieve their financial objectives. #BusinessStrategy #CFOServices #FinancialPlanning #BusinessGrowth https://lnkd.in/eYVVBedn

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A #CostSegregation study can uncover significant tax benefits for property owners and investors. It could help you accelerate depreciation, reduce your taxable income, and boost your cash flow. Finding the right experts—specialized firms, accounting professionals, or certified consultants—ensures you get the full benefit. The potential ROI is huge, often 25x or more, and the tax deductions can be a game-changer for your bottom line. Are you curious to see how much you could save? Read more in our latest blog: https://hubs.ly/Q0303_MJ0 #TaxSavings #CostSegregation #RealEstateInvesting #CashFlow

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?? This week's Austin Bio & Health Roundup highlights exciting exits, partnerships, insightful conversations, & updates from across Texas Bio Triangle ?? ?? Venture Exits SuperTruth has acquired imaware, the at-home testing and infrastructure platform, marking a significant step forward in catalyzing better health outcomes with data and AI. Huge congrats to Jani Tuomi, Brodie Flanders, and the entire imaware team! ?? Partnership and M&A KdT Ventures has licensed NGM313, a Phase 2-ready asset, from NGM Biopharmaceuticals. KdT formed a NewCo around the asset, with Managing Director Cain McClary, MD stating, “We believe this drug has the potential to alleviate suffering in a large patient population who currently have no disease-modifying treatments.” Babson Diagnostics expanded its partnership with BD, integrating BD’s MiniDraw System with Babson’s Betterway technology. This expansion now includes health systems and larger provider networks. Keep up the momentum, David Stein, Eric Olson, and the rest of the Babson team! ?? Insights from Local Builders and Innovators It’s always inspiring when two smart friends share ideas. Micha Y. Breakstone ??????? joined Taylor Capito on The GenBio Podcast to discuss cell engineering and the future of biotech. I sat down with Ian Wendt and Na-Ri Oh on The RealPharma Podcast to discuss TechBio, business model disruption, and Austin's role in this shift. ?? Texas Bio Triangle Dallas-based SpinSci Technologies LLC secured $53M to expand its AI-enhanced patient engagement platform. Congrats Rajit Kumar! Rice University and Houston Methodist announced the launch of a Digital Health Institute “showcasing the transformative potential of combining medicine and engineering to shape the future of health care” What’s Next?

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Excited to roll out a new series: Allocators Anonymous a new recurring Austin Venture Association series for senior fund managers in town or passing through during peak times. With so many event invitations flooding your inbox, it can be tough to know which events will give you the best return on your time. Some are mismatched based on seniority. Some on the goal of the community. Some simply because you may already know everyone in attendance. Using my own experience on both sides, I've curated a high-quality, vetted gathering for senior professionals from early to late stages to come connect with each other. Our guest list featured partners from the top funds in town, founders of fund of funds, pensions, family offices, and a handful of founders who are allocators themselves, through angel investing or their own funds. And if you know me, you know every event needs a fun, tongue-in-cheek name, hence Allocators Anonymous ??. Huge thanks to Powder Room for hosting and huge huge thanks to everyone who carved out some time in their very busy schedules to attend on a Monday evening. If this sounds like your crowd, I’d love to get you an invitation to the next event as I work to keep bringing fresh faces into the group. And if you're interested in partnering, let's chat about how we can work together to continue supporting Austin's venture capital ecosystem. Remember.. rising tides lift all ships!

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Monday Momentum: Strategy #16 for a Successful Exit – Maintaining Financial Controls. Strong financial control is the backbone of a scalable, high-value business. Buyers and investors want to see robust systems, clear profitability, and data-driven decision-making. Here’s how to ensure your financial foundation is solid: Tip 33: Appoint a Finance Director (FD) or CFO Bring on a Finance Director or CFO to oversee your financial operations. This leader ensures profitability, manages financial planning, and provides critical insights as your business grows. A strong financial leader signals stability and readiness to scale. Tip 34: Monitor Key Financial Metrics Regularly track indicators like utilization rates, fee rates, and overhead costs. Keeping a close eye on these metrics helps you make informed decisions to maintain profitability and optimize operations. Example: A professional services firm hired a CFO to manage its financial operations and implemented monthly reviews of key metrics. The CFO identified inefficiencies in overhead spending and adjusted fee rates to improve margins. These changes resulted in stronger profitability, which became a key factor in the firm’s valuation during acquisition talks. The takeaway: With financial control and oversight, you not only scale effectively but also demonstrate operational excellence to potential buyers. When it is time to produce a Quality of Earnings report to a buyer pool you will have everything at your fingertips. Ready to strengthen your financial foundation for a successful exit? #MondayMomentum #ExitStrategy #FinancialControl #Profitability #Leadership #CFO #Entrepreneurship #Club33

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A blistering funding run has me revisiting a question I posed after Q3's VC funding data came out. Was Austin's modest $1.6B in H1 2024 signaling a slowdown or was Q3's $1B surge the real indicator? November's explosive activity gives us our answer: ??Tricentis: $1.33B raise ($4.5B valuation) New ?? ??FireFly Aerospace: $175M ($2B valuation) ??Ladder: $105M ??Halcyon AI: $100M ($1B valuation) New ?? With these mega-rounds, Q4 is already approaching $2B with several weeks remaining. I am hearing about more significant rounds in the pipeline, though I don’t know whether they will announce in Dec or early '25. What a difference a quarter makes! Austin sits at ~$4B YTD, knocking at the door of 2023's $4.2B. The first half numbers now look more like timing quirks than a true slowdown. Our sector diversity (seen here in AI, Space, Bio & Health and Cybersecurity) reinforces what Peter Walker's analysis shows below; Austin's strength comes from our broad foundation & tech convergence. As Peter notes in his original post, "Austin is good in many areas, great in few." I see this as a strength, not a weakness (not implying that he was making this implication either). With ATX consistently ranking somewhere between 5th-7th in funding, and having strong momentum metrics, we have a bright future ahead. What's Next?

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Big Company or Big Network: Which is the better partner? When you think partnerships, It’s easy to think of collaborating with companies. But have you considered partnering with a network? When I was in Austin, I struck a deal with Capital Factory. Community of 100,000 entrepreneurs. Portfolio valuation of $21 billion. This partnership opened doors to New brands, New investors, New level of growth. The takeaway? Partnering with a network doesn’t just add value— it channels it ?? #Networking #Innovation #Entrepreneurship

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Join us on May 21, 2024, from 10:00 - 11:00 AM for a live webinar that's a game-changer for solo practitioners and small accounting & tax firm owners. "Application Stacking for Solo and Small Firm Efficiency" is here to revolutionize your workflow! ?? Featuring Kelly Rohrs, CPA, a seasoned expert passionate about tech in accounting, this one-hour course is specifically designed to help you streamline your operations and supercharge your productivity. You'll learn: ? The art of application stacking: what it is and how to do it effectively. ? How to identify the right tools that work together seamlessly. ? Strategies to integrate applications into your business for maximum impact. Whether you're a solo entrepreneur or run a small firm, this webinar will equip you with the insights to build a robust digital infrastructure that propels your business forward. ?? Reserve your spot at https://ow.ly/OFSA50QFUSe and get ready to transform your business operations with the power of technology!

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Estate Planning for Small Business Owners

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