Brex in the Black
with Chris Read

A crash course in financial operations. Bullet discussions on finance, fundraising, and financial processes with Brex’s CFO Michael Tannenbaum.

Brex in the Black Fundraising

001
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.
Fundraising — when to start, how to approach, and what to prepare
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Brex in the Black Fundraising: CEO & CFO Roles

002
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 should change as the company scales.

Brex in the Black Fundraising: Raising from Softbank

003
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.
Raising capital from Masayoshi Son, before it was fashionable

Brex in the Black Early Audits

004
Michael discusses when your startup should be audited, and whether it is important. We go on to talk over what firm is best to work with, and what financial processes to setup to make sure you pass.
When your startup should be audited - and how to make sure you pass

Brex in the Black Accounting Software

005
Michael reviews Quickbooks, Xero, and Netsuite on what differentiates them, and which is right for your startup.

Brex in the Black Outsourcing Accounting

006
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 role.
Do you outsource accounting as a startup? Yes - here’s how

Brex in the Black Benefits

007
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.

Brex in the Black Payroll

008
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.

Brex in the Black The Monthly Close

009
Michael reviews how to think about keeping clean books, along with how to properly finalize your financial activities at the end of each month.
Why the monthly close matters, and how to conduct one
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